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December 10, 2024

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Today Carl looks at the 26 indexes, sectors and groups in a CandleGlance to see how the indexes stack up. It is clear that all of the indexes are as good as they can get. Carl warns that when things are as good as they can get, the only place left to go is down. Overbought conditions can persist, but it is certainly an attention flag.

Today Carl took us into the Semiconductor (SMH) industry group to discover how the group is weighted.

Carl also gives us his overview of the market in general and then covers the Magnificent Seven in the short and intermediate terms. Which ones are set up bullishly and which two are struggling?

Erin takes over and talks about sector rotation by going through the sector CandleGlance to see where aggressive and defensive sectors stand currently. There are clear winners and losers.

The pair finish the trading room by going through viewers symbol requests that includes looks at Palantir (PLTR) and Super Micro (SMCI).

01:22 DP Market Scoreboards

02:46 Semiconductor (SMH) Weighting

04:57 Market Overview including Dollar, Gold and Crude Oil among others

13:47 Magnificent Seven

17:31 Market As Good As It Gets

22:47 Sector Rotation

31:02 Symbol Requests

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As Syrians rejoiced across the country this week, many began the frantic search for missing loved ones who had been forcibly disappeared under Bashar al-Assad’s brutal dictatorship.

Crowds have descended on the notorious Saydnaya prison, which had become synonymous with arbitrary detention, torture and murder. Under the glaring sun, people poured toward the notorious facility north of Damascus, as traffic stretched for miles and some left their cars to walk the last stretch uphill, past barbed wire fences and watchtowers.

Just as Assad’s palaces revealed the extent of the family’s opulent wealth and luxurious lifestyle, his prisons have confirmed horrors that Syrians have known all too well over the past five decades.

The Assad regime’s notorious detention facilities were black holes where, as far back as the 1970s, anyone deemed an opponent disappeared. Saydnaya was one of the most infamous sites, known as “the slaughterhouse” – where as many as 13,000 people were hanged between 2011 and 2015, according to Amnesty International.

Unsurprisingly, it was one of the first locations rebels focused on as they swept toward Damascus in a lightning offensive.

After rebel fighters toppled Assad on Sunday, sending the dictator fleeing to Russia, images surfaced of Saydnaya prisoners being released – prompting many Syrians to flood social media seeking help to locate their loved ones.

By Monday, many had taken matters into their own hands and surged into the prison, spurred on by rumors that thousands were still imprisoned in deeper levels of the facility, an underground area known as the “red section.”

One woman, Maysoon Labut, came from Dara’a, the southern Syrian city that became the epicenter of anti-regime protests at the start of the Arab Spring and experienced the full force of Assad’s brutal response as he launched a crackdown that tipped the country into 13 years of civil war.

Labut was looking for her three brothers and son-in-law. She was breathless and emotional as she spoke.

A desperate search fueled by fear

This was the rumor that spurred the crowds on Monday – the idea that somewhere buried inside Saydnaya was a warren of undiscovered holding cells packed with missing Syrians.

But it’s not clear if the area even exists, deepening fears that those deemed missing may never be found.

The volunteer organization Syrian Civil Defense, also known as the White Helmets, deployed special teams to the prison who drilled and hammered through concrete on Monday.

Rebel fighters shouted for people to be quiet so that the voices of any detainees trapped inside might be heard by the rescue workers. A hush fell over the crowd and some got down on their knees as they waited for confirmation. A sniffer dog lent support. But no entrance was found.

In a statement later Monday, the White Helmets said they’d found “no evidence of undiscovered secret cells or basements,” or any “unopened or hidden areas within the facility.” They said the search for possible prisoners at the prison had ended and urged people on social media to avoid spreading misinformation.

The Association of Detainees and the Missing in Seydnayah Prison (ADMSP) said all prisoners had been released by midday Sunday, and that claims about detainees trapped underground were “unfounded” and “inaccurate.”

But the desperation of families combing through the prison on Monday – sifting through the vast trove of documents left behind, using cellphone flashlights in the darkness – reflects the agony of waiting for years with no clue what had happened to their loved ones within Saydnaya’s cramped and dingy cells.

One woman held up a photo of her brother, taken 12 years ago, his fate unknown. He would be 42 by now, she said.

“He has two girls and a son he has never met. We just want to be sure if he’s dead or alive. God knows,” she said.

Some of the newly freed have reunited with their ecstatic families – but it’s bittersweet after their long detention.

Suheil Hamawi, 61, spent more than three decades imprisoned in various Syrian jails, and finally returned home to his northern Lebanese village of Chekka on Monday.

“It’s a very beautiful feeling, a truly beautiful feeling,” Hamawi told the news agency AFP. “I’ve discovered that love is still here, and family is still here.”

However, returning home made the former prisoner realize how many years he had missed out on.

“I have grandchildren, but I never felt my age until my son’s daughter called me ‘Grandpa,’” Hamawi said. “That’s when I realized I had lost such a long period of time.”

This post appeared first on cnn.com

Dollar General is testing same-day delivery to customers’ homes as the deep discounter tries to fend off fiercer competition with Walmart.

On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer “soft launched” the delivery program in September. Now it offers same-day delivery at about 75 stores, he said. It is offered through a third-party company, which he did not name.

“We’ve always said here, ‘We’re going to do delivery our way when it’s time,’” Vasos said. “We believe it’s time.”

He said the company expects it will ultimately expand the offering to “thousands of stores.”

With same-day delivery, the Tennessee-based dollar store is acknowledging the pressure from other retailers like Walmart, Amazon and Temu that offer convenience along with low prices. Walmart, for instance, has significantly grown its online business, posting 10 quarters in a row of double-digit e-commerce gains in the U.S., as it offers curbside pickup and speedier home deliveries.

Dollar General, on the other hand, typically does not share updates or specific figures about its e-commerce business in quarterly earnings reports because of its heavy reliance on brick-and-mortar sales.

Yet over the past year, Dollar General has felt the pinch from both economic challenges and its own strategy. Consumers, particularly low-income households, have pulled back on discretionary purchases because of the cumulative effect of high inflation. Dollar General also has paid millions of dollars of fines for sloppy stores and blocked fire exits that became both workplace safety hazards and potential turnoffs for its shoppers.

In recent months, Dollar General’s CEO has spoken about losing market share to Walmart. Vasos said at a Goldman Sachs retail conference in September that “the guys in Bentonville [the Arkansas home of Walmart’s headquarters] took a little bit larger piece” of the retailer’s middle-income customer base.

Vasos said the company launched its own program after learning from its DoorDash deliveries, which are available at about 16,000 of its stores.

The new offering, DG Delivery, is available for customers at select stores, according to Dollar General’s website. Customers place orders through Dollar General’s app and can get the same store prices and delivery in as little as an hour. The program also accepts digital coupons and offers cash back rewards.

DG Delivery does not appear to charge a fee or have a minimum order requirement, according to the website.

On Dollar General’s earnings call on Thursday, Vasos said Dollar General is still working on its business model for the online offering, but said it relies on labor from a third party rather than using store employees or company-employed delivery people. He said same-day delivery is an opportunity to grow the retailer’s advertising business, too, since customers would engage with the app more frequently when placing orders.

But the option is still available at only a tiny fraction of Dollar General’s stores. It has more than 20,000 stores across the country, including many in rural parts of the U.S.

This post appeared first on NBC NEWS