Taking $950 Profit on Sterling Infrastructure (STRL) and $600 Profit on IBIT - $1550 Combined - as New York Stock Exchange Advance Decline Line Makes New High.

Trade the Charts. Not the News. Plus, a New Momentum Pick.

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I recommend taking $950 in profits on Sterling Infrastructure (STRL). This is a volatile stock which often responds to Washington related news which could affect government contracts. So let’s take the money and run. We were stopped out of our Bitcoin ETF position with a $600 (11.5) profit. Combined that’s a nifty $1550 paycheck. Plus, I’m adding a new Momentum Pick to the Momentum Monday Portfolio featuring a networking stock which is knocking on the door of a major reversal.

• SOLD - Sterling Infrastructure (STRL). Bought 5/27/25: $189.50. SOLD 6/2/25: $199. Return for this trade: $950/100 shares (501%).

• SOLD iShares Bitcoin Trust Beneficial Interest ETF (IBIT) Above $52. Bought 4/22/25: $52.05. SOLD 6/5/25: $58. Return for this trade: $600/100 shares (11.58%).

Wall of Worry Remains Intact. Trade the Charts, not the News.

Stocks are up again despite yesterday’s Washington drama induced volatility after the better than expected non-farm payrolls number, and the seemingly inevitable downward revisions of the prior several months.

If you missed my recent interview on the Bob Brooks radio show here is the link. Bob’s easy going style delivered a great conversation about my new book and how anyone who’s just getting started can build long term wealth. Grab a copy of “The Everything Investing Guide to Investing in Your 20s & 30s,” for yourself or the young persons in your life.

Market Update

The stock market continues to climb the wall of worry as tariff headlines, geopolitical issues, and now signs of a slowing economy creep into the conversation only to be rapidly reversed. The best approach is to trade what you see and to remain fluid and adaptable.

The New York Stock Exchange Advance Decline line (NYAD) delivered an intraday new high this morning. If it closes at the current level or higher it will likely spur new buyers to come into the market as investors who’ve missed the rally from the April bottom, which we predicted here, will be forced to move in.

The S&P 500 (SPX) is testing the 6000 level. As with NYAD a move above the 6000-6100 area is likely to bring in money from the sidelines, possibly extending the rally.

The U.S. Ten Year Note yield (TNX) has fallen dramatically today as the weaker than expected ADP private payrolls number came in weaker than expected. This raises the importance of this Friday’s employment numbers as pronounced weakness in that data set could move the Fed out of neutral and into easing mode.

Thank you all for your support. If you have a 401(k) plan that offers ETFs as investing vehicles, consider Joe Duarte’s Sector Selector. It’s FREE with your monthly membership to Buy Me a Coffee. Sign up here. If you’ve been thinking about tuning up your investment playbook, my new book “The Everything Guide to Investing in Your 20s & 30s” will get you started on the right foot – pre-order now. For those wishing to get started on day trading, consider “Day Trading 101.” For steady gainers, check out the Smart Money Weekender Portfolio. I’ve just added several new positions in this weekend’s edition. Trade better with extra energy, and vitality. Visit my Health Page.