Keeping America Safe, WH Beefs Up The Defense Sector

Keeping America Safe, WH Beefs Up The Defense Sector

Keeping America Safe, WH Beefs Up The Defense Sector

$DIA, $SPY, $QQQ, $VXX

US President Donald Trump is expected to sign an ER (executive order) that will direct a review into whether United States military suppliers would have the ability to keep the military stocked during wartime.

Nextgov reports that the Pentagon will lead the multi-agency review, which also will include the Departments of Homeland Security, Commerce, Energy, and Labor.

The project is “one of the most significant presidentially led actions on the state of the defense industrial base since Dwight Eisenhower was in office,” Mr. Navarro said.

Mr. Navarro added that as part of the ER, President Trump would receive an unclassified report 9 months after the order is signed.

 The GOP is pushing to increase defense spending over the next several years. A budget plan released this week calls for cuts to several facets of the government, but increases in military expenditures.

Friday, the US major stock market indexes finished at: DJIA -31.71 at 21580.07, NAS Comp -2.25 at 6387.72, S&P 500 -0.91 at 2472.55

Volume: Trade on the NYSE came in moderate with 837-M/shares exchanging hands.

  • NAS Comp +18.7% YTD
  • S&P 500 +10.4% YTD
  • DJIA +9.2% YTD
  • Russell 2000 +5.8% YTD
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Bullish (0.34) Bullish (0.43) Neutral (0.19) Bullish (0.42)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Bullish (0.36) Bullish (0.38) Bullish (0.38) Bullish (0.33)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Neutral (0.23) Bullish (0.33) Bullish (0.29) Neutral (0.06)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Bearish (-0.42) Bearish (-0.29) Very Bearish (-0.52) Bearish (-0.46)

Have a terrific weekend.

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