“Trade what you see; not what you think.” – The Old Fool, Richard McCranie, trader extraordinaire.
“A study from consulting firm Tyton Partners and nonprofit Next Gen Personal Finance found that taking just one personal finance class in high school leads to an average lifetime benefit of about $100,000 per student. And that number may be conservative, according to CNBC... Learning how to navigate the financial markets can pay off for decades. “Teaching students about the financial markets is the greatest asset for building wealth,” said Yanely Espinal, director of educational outreach at Next Gen, in an interview with CNBC.” Story at...
A single high school class can boost a teen's lifetime wealth by $100,000 — but most kids aren't taking it. Here's what they're missing
“The Supreme Court on Monday said it would formally reconsider a 90-year-old precedent that has barred presidents from removing officials of independent agencies absent misconduct or other cause. The justices said they would hear oral argument in December over whether federal law protecting some officials from arbitrary removal infringes on the president’s constitutional power over the executive branch.” Story at...
https://www.wsj.com/us-news/law/supreme-court-trump-ftc-rebecca-kelly-slaughter-cb69e8f3?gaa_at=eafs&gaa_n=ASWzDAgis2yQd6i9xA-U4s1Ia154YvqB-VNRO16P47NW3sakmOLxNl8wEqCl4N3OR9k%3D&gaa_ts=68d2dfe7&gaa_sig=35OCk-1l_1INfUVUYdP01qKop65GHsgYeB6MNbOUbtW6EzYwNfV453zuVUJ9VRQ3aK81cLEznHJAlU1FEmZQMA%3D%3D
“Nexstar Media Group, one of the nation's largest local TV station owners, said it will continue to air other programming in place of "Jimmy Kimmel Live!" on its ABC affiliates ahead of the show's return on Tuesday night. "We made a decision last week to preempt 'Jimmy Kimmel Live!' following what ABC referred to as Mr. Kimmel's 'ill-timed and insensitive' comments at a critical time in our national discourse," Nexstar said in a statement Tuesday. "We stand by that decision pending assurance that all parties are committed to fostering an environment of respectful, constructive dialogue in the markets we serve." Story at...
TV station owner Nexstar joins Sinclair, says it will continue not to air Jimmy Kimmel
“The alarming part of Spitznagel’s (Universa Investments) current outlook is that he sees conditions akin to 1929, the year of the Wall Street crash. The silver lining for those hoping the bull-market music will keep playing a while longer: He thinks this is more like the early part of 1929 when stocks added significantly to their Roaring ’20s gains. How excited—or worried—should ordinary investors be? Take a deep breath and understand the way Spitznagel made those past killings. He wasn’t reading the tea leaves and predicting the timing of stock swoons. Even the smartest trader couldn’t know a pandemic or trading glitch was coming. Universa buys so-called tail-risk protection that loses money most of the time and then pays off hugely if a downturn is particularly sharp.” Story at...
Black Swan Manager Sees Huge Rally, Then 1929-Style Crash
My cmt: Spitznagel is a perma-bear manager who bets against the markets on a regular basis.
“The Richmond Fed Manufacturing Index eroded to -17 in September from -7 in August, and compared with the -10 consensus, according to data released by the Federal Reserve Bank of Richmond on Tuesday.” Story at...
https://www.msn.com/en-us/money/markets/richmond-fed-manufacturing-index-erodes-more-than-expected-in-september/ar-AA1N8P07?ocid=finance-verthp-feeds
-Tuesday the S&P 500 declined about 0.6% to 6657.
-VIX rose about 3% to 16.64.
-The yield on the 10-year Treasury rose to 4.106% (compared to about this time prior market day).
SPY – Added 8/26/2025
XLK – Added 8/26/2025
Today, of the 50-Indicators I track, 10 gave Bear-signs and 13 were Bullish. The rest are neutral. (It is normal to have a lot of neutral indicators since many of the indicators are top or bottom indicators that will signal only at extremes.)
The daily, bull-bear spread of 50-indicators declined from +4 to +3 (3 more Bull indicators than Bear indicators) and remains a Neutral indication. I consider +5 to -5 the neutral zone. The 10-dMA curve of the spread smooths daily fluctuations; it remained heading down – a bearish sign.
“An outside reversal is a price pattern that indicates a potential change in trend on a price chart. The two-day pattern is observed when a security’s high and low prices for the day exceed the high and low of the previous day’s trading session... Technical analysts and experienced traders prefer to build trading signals using this identification in conjunction with other information such as trend, support and resistance or technical studies.” – Investopedia.
I am bullish until proven otherwise.
TODAY’S RANKING OF 15 ETFs (Ranked Daily) ETF ranking follows:
The top ranked ETF receives 100%. The rest are then ranked based on their momentum relative to the leading ETF.
*For additional background on the ETF ranking system see NTSM Page at…
http://navigatethestockmarket.blogspot.com/p/exchange-traded-funds-etf-ranking.html
For more details, see NTSM Page at…
https://navigatethestockmarket.blogspot.com/p/a-system-for-trading-dow-30-stocks-my_8.html
50% invested in stocks is a normal, conservative position for a retiree. (75% is my max stock allocation when I am confident that markets will continue higher; 30% in stocks is my Bear market position.)
I trade about 15-20% of the total portfolio using the momentum-based analysis I provide here. When I see bullish signs, I add a lot more stocks to the portfolio, usually by using an S&P 500 ETF as I did back in October 2022 and 2023.
