NAVIGATE THE STOCK MARKET FOCUSES ON:
(1) Daily momentum analysis of the DOW 30 stocks and 15 ETFs across various market sectors.
(2) Stock Market commentary and analysis.
(3) Buy/Sell signals for major market turns.
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“Trade what you see; not what you think.” – The Old Fool,
Richard McCranie, trader extraordinaire. “Far more money has been lost by investors in preparing for
corrections, or anticipating corrections, than has been lost in the corrections
themselves.” - Peter Lynch, former manager of Fidelity’s Magellan®
fund. “Never, never, never,
believe any war will be smooth and easy, or that anyone who embarks on that
strange voyage can measure the tides and hurricanes he will encounter. The
Statesman who yields to war fever . . . is no longer the master of
policy but the slave of unforeseeable and uncontrollable events.” - Winston
Churchill. “There’s a lot of exuberance out there,” Dimon continued.
“But it was in 1972, 1986, 2000, 2007. That doesn’t give me comfort.” – Jamie
Dimon “It was Thomas Edison who brought us electricity, not
the Sierra Club. It was the Wright brothers who got us off the ground, not the
Federal Aviation Administration. It was Henry Ford who ended the isolation of
millions of Americans by making the automobile affordable, not Ralph Nader.
Those who have helped the poor the most have not been those who have gone
around loudly expressing 'compassion' for the poor, but those who found ways to
make industry more productive and distribution more efficient, so that the poor
of today can afford things that the affluent of yesterday could only dream
about.”
― Thomas Sowell PPI (CNBC) “The producer
price index, a measure of final demand costs, increased a seasonally
adjusted 1.1% on the month, putting the 12-month wholesale inflation rate at
6.5%.” Story at… https://www.cnbc.com/2026/06/11/producer-price-index-may-2026-.html JOBLESS CLAIMS (AP News) “The number of Americans filing for unemployment aid for
the week ending June 6 rose by 4,000 to 229,000, the Labor Department reported
Thursday. That’s the most since early February, before the U.S. and Israel
launched attacks on Iran, but still considered a healthy level.” Story at… https://apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-a529f2c33e5048e79ffca8a07247a192 QUICK MARKET SUMMARY -Thursday the S&P 500 rose about 1.8% to 7394. -VIX declined about 13% to 19.44. -The yield on the 10-year Treasury declined to 4.459%
(compared to about this time prior market day). MY TRADING POSITIONS QLD – Added 5/28/2026 NVDA – Added 12/1/2025 & 2/6/2026 “According to the 54 analysts' twelve-month
price targets for NVIDIA, the average price target is $278.73. The highest
price target for NVDA is $360.00, while the lowest price target for NVDA
is $205.00.”- MarketBeat at… https://www.marketbeat.com/stocks/NASDAQ/NVDA/forecast/ XLK – Added 6/5/2026 CURRENT SUMMARY OF APPROXIMATELY 50 INDICATORS: At the close today, of the
50-Indicators I track, 15 gave Bear-signs and 8 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.)
TODAY’S COMMENT The daily, bull-bear spread of 50-indicators improved from
-15 to -7 (7 more Bear indicators than Bull indicators), a BEARISH indication.
I consider +5 to -5 the neutral zone. The 10-dMA curve of the spread (purple on
the chart above) that smooths daily fluctuations declined, a BEARISH sign that
is more important than the daily numbers. I’d like to see the 10-dMA of the
Indicator Spread turn higher – that would be a good bullish sign. Breadth still remains weak. Over the last 10-days, more
issues have gone down on the NYSE than have gone up. In addition, I have an
indicator that compares breadth to the S&P 500; the Index is too far ahead
of breadth so, it too is still bearish. Thursday, the S&P 500 pulled within 2.8% of last
week’s all-time high and is now 2.3% above its 50-dMA. There were some improvements in internals when we look at
the low yesterday compared to the prior low on Friday, 5 June. That can mark a bottom,
but the improvements were not enough to signal a buy for me.The catch is that small declines give small
signals so we may have made a technical bottom yesterday.Still, I suspect today’s move was Trump-driven
since the bounce occurred after he announced a postponement of the bombing planned
for Thursday night. As I noted yesterday, since I think we are close to an
end of this decline, I’ll probably wind up holding trading positions a bit
longer. I can always sell the positions; take the tax-loss and replace them
with other issues that may produce similar gains when indicators improve. BOTTOM LINE I am bearish/neutral in the short-term, but I suspect we
are closer to a bottom than the top. We’ll see. ETF - MOMENTUM ANALYSIS: 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 DOW STOCKS - TODAY’S MOMENTUM RANKING
OF THE DOW 30 STOCKS (Ranked Daily)
My basket of Market Internals remained SELL. (My basket
of Market Internals is a decent trend-following analysis that is most useful
when it diverges from the Index.)
My invested position is about 60%
stocks, including stock mutual funds and ETFs. 50% invested in stocks is a
normal, conservative position for a retiree. (80% 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 although I don’t trade as much as I used
to. 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.
