“Trade what you see; not what you think.” – The Old Fool, Richard McCranie, trader extraordinaire.
“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.
Supreme Court just slammed the door on Trump — and there's nowhere left to run: expert
“I don’t think that we should have billionaires because, frankly, it is so much money in a moment of such inequality, and ultimately, what we need more of is equality across our city and across our state and across our country.” – Zohran Mandami
“Capitalism is a system designed by the owning class to exploit the rest of us for their own profit.” – From the DSA manifesto.
https://www.dsausa.org/about-us/what-is-democratic-socialism/
My cmt: What crap. I’m not a fan of the vilification of capitalism and billionaires. What about those two guys that started their computer company from a suburban garage? Jobs and Wozniak did ok with Apple; Larry Ellison co-founded Oracle with just $2000 to commercialize an IBM research paper on relational databases; Computer nerds Bill Gates and Paul Allen started Microsoft with their own savings; Elon Musk started Zip2 with $2000. He sold it for $307-million and founded Tesla, SpaceX, The Boring Company, Neuralink Corporation and PayPal. He also owns Solar City and Twitter (X).
Where would we be without the entrepreneurs? The current “owning class” didn’t own squat – they built their wealth from scratch – that’s capitalism.
"Single-family housing starts hit their lowest mark in more than three years in July as an ongoing contraction in new home construction deepened last month. The annual pace of single-family starts plunged 10% from June to land at 808,000, more than 15% below year-ago levels, according to estimates published Tuesday by the U.S. Census Bureau and Department of Housing and Urban Development…A slight rise in permitting activity offered a silver lining in Tuesday’s release as the pace of single-family authorizations rose 2.5% over the month to approach 1.1% growth from year-ago levels.” Story at…
https://www.scotsmanguide.com/news/single-family-housing-starts-drop-to-lowest-level-since-2022/
“Industrial production (IP) and manufacturing production each grew 0.2 percent in July after growing 0.3 percent in June.” Report at…
https://www.federalreserve.gov/releases/g17/current/default.htm
-Tuesday the S&P 500 declined about 0.7% to 7692.
-VIX rose about 4% to 15.84.
-The yield on the 10-year Treasury declined to 4.708% (compared to about this time prior market day).
QLD – Added 5/28/2026
NVDA – Added 12/1/2025, 2/6/2026 & 8/3/2026
XLK – Added 6/5/2026
At the close today, of the 50-Indicators I track, 11 gave Bear-signs and 12 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 +3 to +1 (1 more Bull indicator than Bear indicators), a NEUTRAL 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 continued down, a BEARISH sign. There are other worries, too:
-There have been 4 Hindenburg Omens in the last 9 sessions. The Fosback Hi/Low Logic index is also issuing a bearish signal. Fosback’s indicator uses a methodology similar to the Hindenburg.
-Breadth has been weak and we now see that over the last 2 weeks more issues have been down on the NYSE than have been up.
I’m neutral.
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
The top ranked Stock receives 100%. The rest are then ranked based on their momentum relative to the leading Stock.
For more details, see NTSM Page at…
https://navigatethestockmarket.blogspot.com/p/a-system-for-trading-dow-30-stocks-my_8.html
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.
