“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.
“The Unmanned Systems Forces… amounts to 2.5% of Ukraine’s armed forces, but it’s responsible for approximately a third of all Russian casualties in the past year.
…bureaucratic entrenchment hinders speed, efficiency, flexibility and innovation. How’s that working out? Iran is fighting asymmetrically, and a mighty show of U.S. force hasn’t been enough to restore free passage in the Strait of Hormuz. Europe can’t seem to stop suspicious drones from loitering near sensitive military sites and critical infrastructure. Last month Germany failed to detect an explosives-laden drone at the airport in Leipzig but got lucky when the detonator failed. Ukrainian drone operators have repeatedly trounced North Atlantic Treaty Organization troops, including Americans, in military exercises.
Something fundamental has changed about the threat, and that requires institutional changes to Western militaries.
…Our interview happens the same week as the 25th anniversary of the 9/11 attacks, which were an early example of asymmetrical warfare. “America already knows how one incident can turn everything upside down,” Maj. Brovdi [Maj. Robert “Magyar” Brovdi, Commander of Ukraine’s Unmanned Systems Forces] says. “I don’t wish for something like this to happen involving drones, but it’s unavoidable. We need to prepare for that.” - Jillian Kay Melchior, London-based Editorial Board Member of The Wall Street Journal.
My cmt: The US has taken casualties and damage at middle eastern bases due to lack of drone defenses at those positions. We seem un-prepared for the Iran war that Hegseth and Trump began.
“Rep. Jim Jordan, R-Ohio, warned Sunday that Democrats would impeach President Donald Trump for a third time if they capture control of the House in November's midterm elections. Jordan, speaking on New York's WABC radio show "The Cats Roundtable" with John Catsimatidis, predicted Democrats would use congressional oversight powers to target Trump, his administration, and others aligned with the president… Jordan also predicted that Democrats could target the eventual 2028 Republican presidential nominee and running mate with what he described as "nonstop weaponized investigations. Not for legitimate oversight, but to just go after your political opponents," he said.” Story at…
Rep. Jordan predicts 3rd Trump impeachment if Dems win
My cmt: Hmmmm. Why would the Democrats would want retribution against Trump and his allies? – Just kidding.
“Texas manufacturing output growth accelerated sharply in September, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, jumped 13 points to 29.5, a reading suggestive of a robust pace of output expansion.” Story at…
https://www.dallasfed.org/research/surveys/tmos/2026/2609
-Monday the S&P 500 declined about 0.8% to 784.
-VIX rose about 8% to 16.07.
-The yield on the 10-year Treasury rose to 5.236% (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, 19 gave Bear-signs and 7 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 -5 to -12 (12 more Bear indicator 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 continued higher, a BULLISH sign.
I’m cautiously bullish.
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.
