Most Requested Symbols
Daily Summary
Point & Figure Pulse: Doubtful Dollar
The US Dollar Continues to Weaken. What Does this Mean Across Your Portfolio?
Potential Long-Term Market RS Changes for International Equities
Last week's action was international equity funds like EFA move to new all-time highs, segwaying to continued relative improvement this week.
Market Distribution Table
The curve has an average reading of 25.41% .
Weekly Video
Weekly Rundown Video - June 4, 2025
Weekly rundown with NDW analyst team covering all major asset classes.
Weekly rundown with NDW analyst team covering all major asset classes.
The US Dollar (DX/Y) has continued its campaign lower over the last week, now down about 9% so far in 2025. Having now posted a string of four consecutive sell signals on its default chart, the greenback sits well off 2025 highs and looks to be having some difficulty eclipsing some major old support around the 100.0-100.5 mark. While there are a multitude of different drivers of the Dollar’s movement (economic expectations, interest rates, etc.) using technicals to provide some context into possible movement certainly doesn’t hurt. After all, while somewhat inconsistent in nature over the last few years the dollar has “tended to trend” in one direction throughout history, a good fact to know when analyzing different asset groups at any point in time. This is particularly useful when looking at international equities & commodities, two areas which have historically seen a negative correlation to the greenback. Said otherwise, knowing which direction DX/Y is heading unlocks insights into a variety of different asset classes you may find within sleeves of your portfolio.
All that said, the table below breaks down forward returns for the Dollar (DX/Y), the S&P 500 (SPX), Developed Markets (EFA) and Emerging Markets (EEM) following the date of the fourth consecutive sell signal for DX/Y. As you may expect, returns for the Dollar are somewhat muted in both the near & long-term, while equity markets across the globe put in average-above average showings. It certainly isn’t foolproof- there are certainly plenty of years where the dollar advanced (didn’t “trend” as we would call it) or the dollar fell but international equities didn’t advance as you may expect. Regardless, adding a falling dollar to an already strong technical backdrop for international equities adds to the “weight of the evidence” that said strength isn’t just a flash in the pan. Check out today’s “featured article” detailing a handful of key relative strength worth monitoring as we move into the back half of 2025.
As noted in the Pulse above, the continued intermediate-term downtrend of the U.S. Dollar (DX/Y) has provided a tailwind for certain assets, most notably International Equities. International’s continued improvement has been highlighted by funds like the iShares MSCI EAFE ETF (EFA) moving to new all-time highs on its trend chart early last week on May 27th. While this week’s trading has not brought additional action to the trend chart of EFA, the fund has shown relative improvement. What is more, EFA is not the only ETF to have shown relative improvement in recent weeks and months.
When examining both the market relative strength charts of EFA and the SPDR MSCI ACWI Ex-US ETF (CWI) each now sits within one box of an RS buy signal; EFA having moved to form the double top this week, while CWI did so during last week’s trading session. Each RS Chart has been in a column of Xs since early March, showing near-term positive relative strength just over three months, while the RS Charts have been on RS sell signals since late 2009 and early 2010, respectively.
Users looking to further dive into ETFs (or stocks and mutual funds) that are within 1 box of an RS Buy signal (as well as 1 box of an RS Sell signal) can delve into the Database Reports under the Security Screener. As of June 5th, the 1 box of an RS Buy signal report had 117 ETFs listed and more than half of those funds were international equity related. Below is a short list of ETFs that show the notable broad and country specific funds that are within 1 box of an RS Buy signal on their market RS charts.
With the multitude of international equity ETFs within 1 box of and RS Buy signal against the S&P 500 Equal Weight Index (SPXEWI), one might wonder if broader international funds have shown improvement against other US equity index related funds? Back in early April, both the iShares MSCI Emerging Markets ETF (EEM) and iShares MSCI EAFE ETF (EFA) gave RS buy signals against the iShares Russell 2000 ETF (IWM), meaning international equities have shown positive long-term RS against small caps. Large cap weighted funds like the Invesco QQQ Trust (QQQ) and S&P 500 Trust (SPY) have proven more resilient. EFA and EEM maintain a column of Xs against SPY, while EEM sits in a column of Xs on the RS chart comparing the fund to the Qs. Against the Qs, EFA reversed down into Os showing the tech focused fund has shown positive near-term RS since mid-May, though this relationship has shifted columns on a few occasions already in 2025.
With the relative leadership shown by large/mega caps in recent years, the hurdle is high for international equities to overtake large cap US equities. However, there are a number of international funds on the cusp of seeing their market relative strength change for the first time in 15 years or more. To stay abreast of potential signal switches in a particular RS chart users can utilize the Alerts system (clock icon in the upper left-hand corner) and set an activity alert.
Featured Charts:
Portfolio View - Major Market ETFs
| Symbol | Name | Price | Yield | PnF Trend | RS Signal | RS Col. | Fund Score | 200 Day MA | Weekly Mom |
|---|---|---|---|---|---|---|---|---|---|
| DIA | SPDR Dow Jones Industrial Average ETF Trust | 423.97 | 1.52 | Positive | Sell | X | 3.13 | 424.70 | + 6W |
| EEM | iShares MSCI Emerging Markets ETF | 46.77 | 2.23 | Positive | Sell | X | 4.36 | 43.89 | + 6W |
| EFA | iShares MSCI EAFE ETF | 89.42 | 2.76 | Positive | Sell | X | 4.31 | 81.21 | + 6W |
| IJH | iShares S&P MidCap 400 Index Fund | 60.51 | 1.38 | Negative | Buy | O | 1.94 | 61.62 | + 7W |
| IJR | iShares S&P SmallCap 600 Index Fund | 106.39 | 2.24 | Negative | Sell | O | 0.74 | 112.67 | + 6W |
| QQQ | Invesco QQQ Trust | 524.79 | 0.58 | Positive | Buy | X | 4.71 | 496.80 | + 7W |
| RSP | Invesco S&P 500 Equal Weight ETF | 177.16 | 1.59 | Positive | Sell | O | 2.49 | 176.60 | + 6W |
| SPY | SPDR S&P 500 ETF Trust | 593.05 | 1.21 | Positive | Buy | X | 4.70 | 577.89 | + 6W |
| XLG | Invesco S&P 500 Top 50 ETF | 49.57 | 0.73 | Positive | Buy | X | 4.63 | 48.20 | + 7W |
Average Level
25.41
| < - -100 | -100 - -80 | -80 - -60 | -60 - -40 | -40 - -20 | -20 - 0 | 0 - 20 | 20 - 40 | 40 - 60 | 60 - 80 | 80 - 100 | 100 - > |
|---|---|---|---|---|---|---|---|---|---|---|---|
| < - -100 | -100 - -80 | -80 - -60 | -60 - -40 | -40 - -20 | -20 - 0 | 0 - 20 | 20 - 40 | 40 - 60 | 60 - 80 | 80 - 100 | 100 - > |
| AGG | iShares US Core Bond ETF |
| USO | United States Oil Fund |
| DIA | SPDR Dow Jones Industrial Average ETF |
| DVY | iShares Dow Jones Select Dividend Index ETF |
| DX/Y | NYCE U.S.Dollar Index Spot |
| EFA | iShares MSCI EAFE ETF |
| FXE | Invesco CurrencyShares Euro Trust |
| GLD | SPDR Gold Trust |
| GSG | iShares S&P GSCI Commodity-Indexed Trust |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF |
| ICF | iShares Cohen & Steers Realty ETF |
| IEF | iShares Barclays 7-10 Yr. Tres. Bond ETF |
| LQD | iShares iBoxx $ Investment Grade Corp. Bond ETF |
| IJH | iShares S&P 400 MidCap Index Fund |
| ONEQ | Fidelity Nasdaq Composite Index Track |
| QQQ | Invesco QQQ Trust |
| RSP | Invesco S&P 500 Equal Weight ETF |
| IWM | iShares Russell 2000 Index ETF |
| SHY | iShares Barclays 1-3 Year Tres. Bond ETF |
| IJR | iShares S&P 600 SmallCap Index Fund |
| SPY | SPDR S&P 500 Index ETF Trust |
| TLT | iShares Barclays 20+ Year Treasury Bond ETF |
| GCC | WisdomTree Continuous Commodity Index Fund |
| VOOG | Vanguard S&P 500 Growth ETF |
| VOOV | Vanguard S&P 500 Value ETF |
| EEM | iShares MSCI Emerging Markets ETF |
| XLG | Invesco S&P 500 Top 50 ETF |
Long Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|---|---|---|---|---|---|---|
| WRB | W. R. Berkley Corporation | Insurance | $73.87 | mid 60s - lo 70s | 115 | 55 | 4 TA rating, top 25% of INSU sector matrix, LT RS buy, LT pos trend, R-R > 2 |
| ADC | Agree Realty Corporation | Real Estate | $73.90 | mid-to-upper 70s | 100 | 67 | 4 for 5'er, top 10% of REAL sector matrix. spread quad top, R-R>2.0, 3.9% yield |
| ROL | Rollins, Inc. | Business Products | $57.83 | 52 - hi 50s | 77 | 45 | 5 TA rating, top 25% of BUSI sector matrix, LT pos trend, RS buy, pos wkly mom |
| BYD | Boyd Gaming Corp | Gaming | $73.27 | hi 60s - low 70s | 90 | 58 | 4 for 5'er, top 20% of GAME sector matrix, triple top, pos trend flip, 1.1% yield |
| AMP | Ameriprise Financial | Wall Street | $508.39 | 448-490s | 568 | 396 | 5 TA rating, top 33% of WALL sector matrix, LT pos mkt RS, recent pos trend, pos wkly mom |
| UNM | Unum Group | Insurance | $80.01 | 74 - 80 | 89 | 64 | 5 for 5'er, top 10% of INSU sector matrix, LT pos peer & mkt RS, buy on pullback, 2.1% yield |
| ALL | The Allstate Corporation | Insurance | $206.65 | 190s - low 200s | 230 | 176 | 4 for 5'er, top third of favored INSU sector matrix, pos trend flip, 2% yield |
| VIRT | Virtu Financial | Wall Street | $40.85 | 38-mid 40s | 60 | 31 | 4 TA rating, pos trend, recent RS buy, top 10% of WALL sector matrix, consec. buy signals |
| AZZ | Aztec Manufacturing Co. | Electronics | $93.63 | mid 80s - low 90s | 108 | 73 | 5 for 5'er, #6 of 52 in ELEC sector matrix, spread quad top |
| FFIV | F5 Inc. | Internet | $294.00 | 260s - 280s | 312 | 244 | 5 for 5'er. top half of favored INET sector matrix, LT pos peer RS, triple top breakout |
| SPG | Simon Property Group, Inc. | Real Estate | $160.75 | mid 150s - 160s | 184 | 138 | 5 for 5'er, top 20% of REAL sector matrix, LT pos mkt RS, buy on pullback, 5.2% yield |
| PAYX | Paychex, Inc. | Business Products | $159.31 | hi 140s - 150s | 196 | 134 | 5 for 5'er, LT pos peer & mkt RS, pos trend flip, 2.8% yield, Earn. 6/24 |
| FMX | Fomento Economico Mexicano S.A.B. de C.V. (Mexico) ADR | Food Beverages/Soap | $105.28 | 100-lo 110s | 131 | 88 | 5 TA rating, LT mkt RS buy, consec. buy signals, top 50% of FOOD sector matrix |
| LAMR | Lamar Advertising Company | Media | $120.13 | mid 110s - low 120s | 144 | 99 | 5 for 5'er, LT pos peer & mkt RS, bullish catapult, good R-R, 5.2% yield |
| LNG | Cheniere Energy, Inc. | Oil Service | $243.89 | 210s - 230s | 320 | 188 | 5 TA rating, LT RS buy, LT peer RS buy, positive trend, buy-on-pullback, R-R > 2 |
| AN | Autonation Inc. | Autos and Parts | $185.86 | 170s - low 180s | 242 | 154 | 4 for 5'er, top half of favored AUTO sector matrix, LT pos mkt RS, spread quintuple top, R-R>2.0 |
| SYK | Stryker Corporation | Healthcare | $383.10 | 372-390s | 436 | 328 | 5 TA rating, top 33% of HEAL sector matrix, LT RS buy, consec buy signals, recent pos trend |
| OMF | OneMain Holdings Inc. | Finance | $51.89 | low 50s | 67 | 44 | 4 for 5'er, middle of FINA sector matrix, LT pos peer & mkt RS, 8.3% yield |
| CYBR | Cyber Ark Software | Software | $392.18 | 360s - 390s | 460 | 308 | 4 TA rating, top 25% of SOFT sector matrix, LT RS buy, recent pos trend, buy-on-pullback |
| IBM | International Business Machines Corp. | Computers | $266.86 | 250s - low 260s | 300 | 212 | 5 for 5'er, top third of COMP sector matrix, spread quad top, buy on pullback, 2.6% yield |
| SPOT | Spotify Technology S.A. | Media | $712.82 | 640-700s | 792 | 536 | 5 TA rating, top 20% of MEDI sector RS matrix, LT RS buy, LT positive trend, consec buy signals |
| MNDY | monday.com Ltd. | Software | $305.00 | hi 280s - 300s | 360 | 260 | 5 for 5'er, top 25% of favored SOFT sector matrix, spread quad top |
| WFC | Wells Fargo & Company | Banks | $74.90 | 72-lo 80s | 109 | 62 | 5 TA rating, top 20% of BANK sector matrix, RS buy, consec buy signals, buy-on-pullback |
| BBW | Build-A-Bear Workshop, Inc. | Retailing | $46.36 | mid-to-hi 40s | 64 | 39 | 5 for 5'er, top 10% of favored RETA sector matrix, RS reversal up, buy on pullback |
Short Ideas
| Symbol | Company | Sector | Current Price | Action Price | Target | Stop | Notes |
|---|
Follow-Up Comments
| Comment | |||||||
|---|---|---|---|---|---|---|---|
|
|
|||||||
NDW Spotlight Stock
BBW Build-A-Bear Workshop, Inc. ($47.85) - Retailing - BBW is a 5 for 5'er that ranks in the top decile of the favored retailing sector matrix and recently reversed up into Xs on both its peer and market RS charts. On its trend chart, BBW has completed two consecutive buy signals and reached new all-time high last month. The stock has subsequently retreated from heavily overbought territory, offering an entry point for long exposure. Positions may be added in the mid-to-upper $40s and we will set our initial stop at $39. We will use the bullish price objective, $64, as our target price. BBW also carries a 1.9% yield.
| 25 | |||||||||||||||||||||||||||||
| 55.00 | X | 55.00 | |||||||||||||||||||||||||||
| 54.00 | X | O | 54.00 | ||||||||||||||||||||||||||
| 53.00 | X | O | 53.00 | ||||||||||||||||||||||||||
| 52.00 | X | O | Top | 52.00 | |||||||||||||||||||||||||
| 51.00 | X | O | 51.00 | ||||||||||||||||||||||||||
| 50.00 | X | 6 | 50.00 | ||||||||||||||||||||||||||
| 49.00 | • | X | O | 49.00 | |||||||||||||||||||||||||
| 48.00 | X | • | X | O | 48.00 | ||||||||||||||||||||||||
| 47.00 | X | X | O | • | X | O | 47.00 | ||||||||||||||||||||||
| 46.00 | X | O | X | O | • | X | O | 46.00 | |||||||||||||||||||||
| 45.00 | X | O | X | 1 | • | X | O | 45.00 | |||||||||||||||||||||
| 44.00 | X | O | X | O | X | • | X | 44.00 | |||||||||||||||||||||
| 43.00 | X | O | X | O | X | O | • | X | X | 43.00 | |||||||||||||||||||
| 42.00 | X | O | X | O | X | O | 3 | • | • | X | O | X | 42.00 | ||||||||||||||||
| 41.00 | X | O | X | O | X | 2 | X | X | O | X | • | • | X | O | X | 41.00 | |||||||||||||
| 40.00 | B | C | O | O | X | O | X | O | X | O | X | O | X | • | • | X | O | 40.00 | |||||||||||
| 39.00 | X | O | X | O | O | X | O | X | O | X | O | 4 | O | • | X | • | X | Mid | 39.00 | ||||||||||
| 38.00 | X | O | X | O | O | O | X | O | X | O | X | • | X | O | X | 38.00 | |||||||||||||
| 37.00 | X | O | X | O | X | O | X | O | X | O | X | O | 5 | 37.00 | |||||||||||||||
| 36.00 | X | O | • | O | O | X | O | X | O | X | O | X | • | 36.00 | |||||||||||||||
| 35.00 | A | • | O | O | O | X | O | X | • | 35.00 | |||||||||||||||||||
| 34.00 | X | X | • | O | • | O | X | • | 34.00 | ||||||||||||||||||||
| 33.00 | X | O | X | • | • | O | • | 33.00 | |||||||||||||||||||||
| 32.00 | X | O | X | • | • | 32.00 | |||||||||||||||||||||||
| 31.00 | X | 9 | X | • | 31.00 | ||||||||||||||||||||||||
| 30.00 | X | O | • | 30.00 | |||||||||||||||||||||||||
| 29.00 | X | • | 29.00 | ||||||||||||||||||||||||||
| 28.00 | X | • | 28.00 | ||||||||||||||||||||||||||
| 27.00 | X | • | 27.00 | ||||||||||||||||||||||||||
| 26.00 | X | • | Bot | 26.00 | |||||||||||||||||||||||||
| 25.00 | X | • | 25.00 | ||||||||||||||||||||||||||
| 25 |
| AN Autonation Inc. ($186.31) - Autos and Parts - AN broke a double top at $188 to complete a bullish triangle and count as a second buy signal. The stock is a 4 for 5'er that ranks within the top quartile of the Autos and Parts sector matrix. Okay to conisder here on the breakout. Note resistance lies at $192 and $198. Initial support lies in the $178 to $180 range, while additional resides at $168, the bullish support line. |
| CAT Caterpillar, Inc. ($353.35) - Machinery and Tools - CAT moved higher today. breaking through its negative trend line up above. This will push the stock back to a technically strong 4/5'er and leave it with clear runway ahead to all-time highs in the low $400's. Consider this break a fine entry point, watching support nearby at $340. If we move below that level, short term holders beware. The name will look to claw its way back to even on the year in the meantime. |
| OLLI Ollies Bargain Outlet Holding Inc. ($118.44) - Retailing - OLLI broke a double top at $118 to return to a buy signal and penetrate the bearish resistance line. This moves the chart back into a positive trend and will increase the stock up to a 5 for 5'er. Okay to consider here on the breakout. Resistance lies at $122, the May rally high. Initial support lies in the mid to lower $100 range, while additoinal can be found at $98 and $95. |
| SCI Service Corp International ($79.00) - Healthcare - SCI inched higher to break a double top at $79. The 4 for 5'er moved into a positive trend in April and ranks in the top half of the healthcare sector matrix. Additionally, SCI is accompanied by a yield of 1.64%. Long exposure can be considered here. Initial strong support is at $75, with additional support at $72. |
| SHOP Shopify Inc ($111.08) - Retailing - SHOP reversed into Xs and broke a double top at $112 to complete a bullish triangle for a second buy signal. The stock is a 5 for 5'er that ranks in the top third of the Retailing sector matrix. Okay to consider here on the breakout. Note resistance lies at $128, the stock's all-time chart high. Initial support lies in the lower $100, while additional may be found in the upper $80s. |
Daily Option Ideas for June 6, 2025
Calls
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| Expedia Group Inc. - $176.55 | O: 25I175.00D19 | Buy the September 175.00 calls at 17.70 | 162.00 |
Follow Ups
| Name | Option | Action |
|---|---|---|
| American International Group, Inc. ( AIG) | Aug. 82.50 Calls | Initiate an option stop loss of 4.80 (CP: 6.80) |
| eBay Inc. ( EBAY) | Jul. 67.50 Calls | Raise the option stop loss to 9.65 (CP: 11.65) |
| The Blackstone Group Inc ( BX) | Aug. 135.00 Calls | Lower the option stop loss to 9.70 (CP: 0.00) |
| Take-Two Interactive Software, Inc. ( TTWO) | Sep. 230.00 Calls | Initiate an option stop loss of 15.90 (CP: 17.90) |
| Visa Inc. ( V) | Sep. 365.00 Calls | Raise the option stop loss to 19.95 (CP: 21.95) |
Puts
New Recommendations
| Name | Option Symbol | Action | Stop Loss |
|---|---|---|---|
| NextEra Energy, Inc. - $72.16 | O: 25T72.50D15 | Buy the August 72.50 puts at 3.85 | 77.00 |
Follow Up
| Name | Option | Action |
|---|---|---|
| The Trade Desk Inc ( TTD) | Sep. 75.00 Puts | Initiate an option stop loss of 8.00 (CP: 10.00) |
| Marvell Technology Inc. ( MRVL) | Sep. 62.50 Puts | Stopped at 68.00 (CP: 68.67) |
Covered Writes
New Recommendations
| Name | Option Sym. | Call to Sell | Call Price | Investment for 500 Shares | Annual Called Rtn. | Annual Static Rtn. | Downside Protection |
|---|---|---|---|---|---|---|---|
| Apollo Global Management Inc. $ 130.28 | O: 25I135.00D19 | Sep. 135.00 | 10.10 | $ 62,286.70 | 25.38% | 24.18% | 6.50% |
Still Recommended
| Name | Action |
|---|---|
| Shopify Inc ( SHOP) - 105.03 | Sell the September 100.00 Calls. |
| Palantir Technologies Inc. Class A ( PLTR) - 119.91 | Sell the September 130.00 Calls. |
| Delta Air Lines Inc. ( DAL) - 48.84 | Sell the September 50.00 Calls. |
| QUALCOMM Incorporated ( QCOM) - 147.56 | Sell the August 150.00 Calls. |
| United Airlines Holdings Inc. ( UAL) - 80.35 | Sell the September 82.50 Calls. |
| Hims & Hers Health Inc. ( HIMS) - 52.77 | Sell the September 55.00 Calls. |
| Dexcom Inc. ( DXCM) - 85.74 | Sell the September 90.00 Calls. |
| Fortinet Inc. ( FTNT) - 103.50 | Sell the September 105.00 Calls. |
| Carnival Corporation ( CCL) - 24.02 | Sell the July 24.00 Calls. |
| Golar LNG Ltd ( GLNG) - 41.82 | Sell the September 45.00 Calls. |
| Micron Technology, Inc. ( MU) - 106.29 | Sell the September 110.00 Calls. |
The Following Covered Write are no longer recommended
| Name | Covered Write |
|---|---|
| Robinhood Markets, Inc. Class A ( HOOD - 72.53 ) | August 65.00 covered write. |
