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Israel will not withdraw its forces from the Gaza-Egypt border, according to an Israel source.

The military was supposed to begin withdrawing from that region in early March if the current ceasefire, which expires Saturday, were extended.

“We will not allow Hamas murderers to roam again with trucks and rifles on our borders, and we will not let them strengthen themselves again through smuggling.”

The Israeli military took control of the corridor in May and was due to withdraw from it during a potential second phase of the truce agreement. It is not clear if negotiations for a second phase have started.

This is a breaking news story and will be updated.

This post appeared first on cnn.com

Home Depot on Tuesday topped Wall Street’s quarterly sales expectations, even as elevated interest rates and housing prices dampened consumer demand for large remodels and pricier projects.

For the full year ahead, the company said it expects total sales to grow by 2.8% and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to increase by about 1%. Home Depot projected adjusted earnings per share will decline about 2% compared with the prior year.

In an interview with CNBC, Chief Financial Officer Richard McPhail said “housing is still frozen by mortgage rates.” Yet he said Home Depot saw broad-based growth, as sales increased in about half of its merchandise categories and 15 of its 19 U.S. geographic regions.

Home Depot anticipates consumers will stop putting off projects as they gradually get used to higher interest rates, rather than waiting for them to fall, McPhail said. 

“They tell us their lives are moving on,” he said. “Their families are growing. They’re moving for a new job. They’re upsizing their home. They want to upgrade their standard of living. Home improvement always persists, and so the question, I think, will be around the mindset of whether long-term rates have gotten to a new normal.”

Here’s what the company reported for the fiscal fourth quarter compared with Wall Street’s estimates, according to a survey of analysts by LSEG:

Home Depot shares were up nearly 5% in midday trading. The company was holding an earnings call on Tuesday morning.

In the three-month period that ended Feb. 2, Home Depot’s net income climbed to $3.0 billion, or $3.02 per share, from $2.80 billion, or $2.82 per share, in the year-ago period. Revenue rose 14% from $34.79 billion in the year-ago period.

Comparable sales, a metric also known as same-store sales, increased 0.8% across the company. Those results ended eight consecutive quarters of falling comparable sales. They also exceeded analysts’ expectations of a decline of 1.7%, according to StreetAccount. Comparable sales in the U.S. increased 1.3% year over year.

Regions hit by hurricanes Helene and Milton contributed about 0.6% to comparable sales, McPhail said.

Customers spent more and visited Home Depot’s stores and website more in the quarter compared with the year-ago period. Transactions rose to 400.4 million, up nearly 8% from the year-ago period. The average ticket was $89.11 in the quarter, up slightly from $88.87 in the prior-year quarter.

Home Depot has faced a more difficult backdrop for selling supplies for home improvement projects. Sales growth slowed in 2023, after consumers’ huge appetite for home renovations during the Covid pandemic returned to more typical patterns. Inflation and a shift back to spending on services like vacations and restaurants also dinged consumer demand for larger projects and pricier items.

Since roughly the middle of 2023, Home Depot’s leaders have pinned the company’s problems on a tougher housing market. McPhail told CNBC that the same challenge persisted in the fourth quarter, as consumers still showed reluctance to splurge on bigger projects, such as redoing a kitchen or installing new flooring.

Mortgage rates have remained high, despite interest rate cuts by the Federal Reserve. The median price of a home sold in January was $396,900, up 4.8% from the year before and the highest price ever for the month of January, according to the National Association of Realtors.

Tougher weather also hurt the company’s sales in January, and that’s carried into February in some parts of the country, McPhail said.

“Where weather is good, we continue to see engagement,” he said. “Where weather is tough, projects get put on the shelf.”

Even so, he said Home Depot has focused on ways it can move the needle, such as opening new stores and investing in its e-commerce business. 

Online sales rose 9% in the fourth quarter compared with the year-ago period, McPhail said, the strongest quarter of the year for Home Depot’s digital business. He chalked that up to the company’s investments in faster deliveries, particularly with getting appliances and power tools to customers.

McPhail said Home Depot opened 12 new stores in 2024, and it plans to open 13 new locations in the coming year. 

Home Depot has also looked to home professionals as one of its major sales drivers. It bought SRS Distribution, a Texas-based company that sells supplies to professionals in the roofing, pool and landscaping businesses, for $18.25 billion last year. It marked the largest acquisition in the company’s history.

Some pro-heavy categories, such as roofing, drywall and lumber, saw sales increases in the quarter because of Home Depot’s push to serve contractors and other home pros better, McPhail said.

Shares of Home Depot closed Monday at $382.42. As of Monday’s close, the company’s shares have fallen about 2% so far this year. That trails behind the S&P 500′s approximately 2% gains during the same period.

This post appeared first on NBC NEWS

In the later stages of a bull market cycle, we will often observe a proliferation of bearish momentum divergences. As prices continue higher, the momentum underneath the advance begins to wane, representing an exhaustion of buyers.

We’ve identified a series of bearish momentum divergences in the early days of 2025, from Magnificent 7 names like Alphabet (GOOGL) to financial institutions including Synchrony Financial (SYF). Today, we’ll focus in on the bearish momentum divergence for Amazon.com (AMZN), which could indicate broader signs of weakness for the consumer discretionary sector as well as for the equity markets as a whole.

The daily chart of AMZN features all the key features of a bearish momentum divergence. Note how the price has remained in a primary uptrend going into this week, marked by a clear pattern of higher highs and higher lows. The most recent all-time high, achieved earlier this month when AMZN pushed briefly above the $240 level, saw the RSI fail to get above the overbought threshold.


The Magnificent 7 have transformed into the Meager 7. So which sectors or stocks might take the lead in 2025? Join me in our upcoming FREE webcast on Wednesday 2/26 at 1:00pm ET as we explore sector rotation trends, analyze growth vs. value dynamics, and spotlight stocks gaining momentum in Q1. Can’t make it live? No worries! Just register and I’ll send you the replay as soon as it’s ready. Sign up for Finding Value: The Great Rotation of 2025 today!


In a healthy bullish trend, we would expect higher price highs to be supported by strong momentum readings, indicating an influx of buying power and investor optimism.  When new highs are matched with lower RSI levels, that suggests a lack of buying power and evaporating investor optimism.

Once a bearish momentum divergence is confirmed, we can monitor the most recent swing low to confirm a potential breakdown as the price follows through after the divergence. After reaching that support level around $215 last Friday, we have seen AMZN push below this support level during the trading day on Monday. A confirmed close below this support level could represent a meaningful breakdown and a “change of character” for one of the top weights in the Consumer Discretionary Select Sector SPDR Fund (XLY).

Any time I see a potential pattern on the daily chart, I remember the classic market maxim, “When in doubt, zoom out!” The weekly chart shows how the most significant pullbacks in 2023-2024 were marked by a sell signal from the weekly PPO indicator.

Over the last two weeks, we’ve recognized a similar bearish pattern to those previous pullbacks, both of which ended with AMZN finding support at the 40-week moving average. That would align closely with the 200-day moving average on the daily chart, which currently sits just below the $200 level.

When I see a bearish momentum divergence appear on a chart like Amazon, I’ve learned to put that chart on a ChartList of potential reversal names, and monitor those tickers for signs of a breakdown of support. Based on our analysis of the daily and weekly charts of AMZN, this leading internet retailer could be signaling a key breakdown going into March.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

The parents of an 8-year-old girl who died after they withheld her insulin, encouraged by members of a small Christian sect who believed God would save her, have been sentenced to at least 14 years in prison.

Elizabeth Struhs died in January 2022 on a mattress on the floor of her home in Toowoomba, west of Brisbane, five days after her father Jason Struhs, 53, declared that she no longer needed medication for Type 1 diabetes.

Her mother, Kerrie Struhs, 49, encouraged Elizabeth’s father to withhold her insulin, as did 12 other members of a Bible-based sect known as “The Saints,” who were also found guilty of manslaughter.

Sect leader Brendan Stevens, 63, was handed a prison sentence of 13 years by Justice Martin Burns in the Queensland Supreme Court on Wednesday. Eleven other members of the sect, who sang and prayed while Elizabeth died, were also due to be sentenced.

It’s not the first time Jason and Kerrie Struhs have been prosecuted for failing to give Elizabeth medical care.

In 2019, Elizabeth, then 6, was hospitalized for a month after becoming gravely ill from undiagnosed and untreated diabetes. At the time, her father rejected the sect’s insistence that God would heal her and eventually took his daughter to hospital.

That time, Jason Struhs pleaded guilty to “failing to provide the necessaries of life to Elizabeth” and was given a suspended sentence after testifying against his wife. Kerrie Struhs pleaded not guilty and was given an 18-month sentence.

What happened next all but sealed Elizabeth’s fate.

While Kerrie Struhs was in prison, her husband’s 17-year opposition to the sect crumbled, the trial heard, and he became “baptized” as its newest member.

Elizabeth died just three weeks after her mother was released from prison on parole, telling her parole officer that she’d withhold her daughter’s treatment again, if given the choice. She also said she wouldn’t intervene if anyone tried to help Elizabeth – but no one did.

A ‘miracle’ recruit

The couple at the center of the case had a long and often combative relationship.

Jason Struhs told police that his wife wasn’t very religious during the first few years of their marriage, but that changed when she met sect leader Brendan Stevens and his wife Loretta in 2004.

As Kerrie Struhs grew closer to the Stevens family, she began to reject medical treatment. Jason Struhs remained a staunch non-believer, who insisted that their eight children be vaccinated.

The couple’s conflicting beliefs caused friction in the household, and for a time Jason moved to the garage to “escape the tension.” He worked night shifts and preferred to stay away from the house, either working or playing golf, he told police, according to court documents.

Kerrie Struhs told police her husband was an “angry man” who didn’t believe in God, and that she was planning to leave him after her release from prison in December 2021.

But she changed her mind after she discovered that Jason had joined the church, describing him as much calmer, like a “new person.”

“The change in him has been unbelievable,” she told police.

Jason Struhs told police he had a “mental breakdown” after Kerrie went to prison and sought support from sect members.

To the church, the conversion of someone once vehemently opposed to their teachings was something of a “miracle” – proof that God had cured his anger.

A small home-based sect

When Jason Struhs declared in early January 2022 – just five months after joining the sect – that Elizabeth no longer needed insulin, church members were elated.

Their campaign to convince him that Elizabeth could be cured by God had worked.

Within days her condition deteriorated, and even as she lay dying with the insulin in the cupboard, no one gave it to her or suggested they seek medical help.

As Elizabeth became sicker, vomiting then unresponsive, Jason Struhs seemed to waver in his conviction, but church members rallied around him, encouraging him to follow God’s will.

They sat at Elizabeth’s bedside, singing and praying. “Whatever the Lord’s plan is for us, we will follow it,” Stevens later told police.

Elizabeth died on January 7, 2022, of diabetic ketoacidosis, a complication caused by a lack of insulin and medical treatment for diabetes – the same condition she had in 2019.

The sect continued to sing, dance and pray around her body for 36 hours before Jason Struhs said it was time to phone police.

For years, the sect’s beliefs were reinforced by their leader, Brendan Stevens, who taught his followers to reject modern medicine but denied any responsibility for Elizabeth’s death.

In 2022, as Elizabeth’s condition deteriorated, Stevens told her parents, “This is just a little trial to prove that you all are truly faithful to our faithful God,” according to court documents.

Stevens’ wife Loretta, 67, and six of their adult children – Therese, Andrea, Acacia, Camellia, Alexander and Sebastian Stevens, ages 24 to 35, were also convicted, along with Elizabeth’s older brother Zachary Struhs, 22.

The others included Lachlan and Samantha Schoenfisch, a married couple aged 34 and 26, and Keita Martin, 24, who went to school with the Stevens children and moved in with the family when she was 17. During the trial, their family members told the court they’d become increasingly concerned about their extreme religious beliefs.

But not all were taken in by Brendan Stevens.

Jayde Struhs, Jason and Kerrie Struhs’ eldest daughter, gave evidence against her parents. She left their home at age 16 for fear she’d never be accepted as gay.

In a victim impact statement read in court, Jayde Struhs said: “These people only wanted to control my family and everything they did. All for the sense of power … so they could play God.”

All 14 defendants represented themselves during a 9-week judge-only trial in 2024, however none gave or called any evidence. Speaking on their behalf, Brendan Stevens called the trial a “religious persecution.”

Jayde Struhs told Australia’s national broadcaster, the ABC, that Stevens instilled an Armageddon-style fear in his followers.

“The main … messaging that Brendan puts out there is that the world’s going to end and Jesus is going to come back and save us … if you’re not absolute in the walk of God, you’ll go to hell forever,” she said.

Cult expert Raphael Aron, director of Cult Consulting Australia, says Jason Struhs would have been under “immense” pressure to join the group and follow their beliefs.

He said prison is unlikely to change the beliefs of “The Saints,” and if members are allowed further contact with each other, it could further entrench their ideology.

“I don’t know if any group has fallen apart because the leader went to jail; he’s just seen as a martyr, basically a replica of Jesus on the cross,” said Aron. “There’s all sorts of other ways of justifying it, and they keep going.”

He said he hopes Elizabeth’s death acts as a “wake up call” to anyone who may be questioning the legitimacy of people influencing themselves or a loved one.

A major red flag is the rejection of conventional medicine, Aron said, as it allows the group to conceal abusive behavior.

“The one area in life where the groups can actually be held accountable will be through the medical world, because that practitioner has a responsibility to do something about what’s going on,” said Aron.

Sect leaders also often ban members from accessing the internet because if they did, they might find damning testimony from former members, he added.

Small groups with extreme beliefs are all but impossible to detect unless people come forward, Aron said – but in Australia, unlike the United States, there are few avenues to report them.

He’s advocating for a regulatory body with the power to investigate complaints.

“The problem is, if you go to the police and no crime has been committed, they can’t do anything, and by the time the crime has been committed, it’s too late.”

This post appeared first on cnn.com

Fabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep its stores open.

In a statement, the company said it would commence nationwide going-out-of-business sales as a stipulation of the group that won its assets at auction.

‘JOANN leadership, our Board, advisors and legal partners made every possible effort to pursue a more favorable outcome that would keep the company in business,’ the company said. ‘We are committed to working constructively with the winning bidder to ensure an orderly wind-down of operations that minimizes the impact on all our stakeholders. We deeply appreciate our dedicated Team Members, our customers and communities across the nation for their unwavering support for more than 80 years.”

Joann was founded as the Cleveland Fabric Shop by German immigrants during World War II. At one point, it was the largest fabrics retailer in the U.S.

The company went public in 2010, but was de-listed within a year. It experienced a brief revival thanks to the stay-at-home crafts boom during the pandemic. Joann went public again in 2021, but by 2023 its sales had tanked, and it filed for an initial bankruptcy proceeding in 2024.

Joann listed some 19,000 employees, most of them part-time, when it filed for its second Chapter 11 bankruptcy protection filing in January.

The company posted an extensive FAQ on its website with details about the going-out-of-business sales, which are set to commence immediately.


This post appeared first on NBC NEWS

Utilities enter top 5

Last week’s trading, especially the sell-off on Friday, has caused the Utilities sector to enter the top 5 at the cost of Industrials.

Based on last Friday’s close, the sector ranking based on the combination of weekly and daily RRG metrics came out as follows:

  1. Communication Services – (XLC)
  2. Consumer Discretionary – (XLY)
  3. Financials – (XLF)
  4. Technology – (XLK)
  5. Utilities – (XLU)*
  6. Industrials – (XLI)*
  7. Consumer Staples – (XLP)
  8. Energy – (XLE)*
  9. Real-Estate – (XLRE)*
  10. Healthcare – (XLV)
  11. Materials – (XLB)

The best four sectors remain unchanged. At the bottom of the best five sectors, Utilities and Industrials are swapping positions.

In the second half of the ranking, Energy and Real Estate swapped positions, but this has not affected the portfolio yet.

Weekly RRG: Rotations starting to shift direction

On the weekly RRG above, we see Financials turning back up while inside the weakening quadrant; this is a positive sign, suggesting that XLF is entering a new up-leg within an already existing up-trend.

Communication services remain inside the leading quadrant, albeit on a slightly negative heading. The short tail suggests a steady outperformance.

Consumer Discretionary is on a long tail with a negative heading, moving into the weakening quadrant. Based on the high reading on the weekly RRG, this sector remains in the top-5.

Technology shows a dangerous rotation. Immediately after entering the leading quadrant, the tail has rotated back into a negative heading. For now, the short tail saves the day, but caution needs to be exercised when this tail starts to accelerate at this negative heading.

Daily RRG

The daily RRG shows the XLY tail deep inside the lagging quadrant, which is pulling the weekly tail lower. These two time-frames are fighting for dominance in this sector. For now, the longer term, weekly time frame remains on top.

A Look At The Charts

Communication Services (XLC)

XLC is holding up above the former breakout level, which is now providing support. The raw relative strength line maintains the rhythm of higher highs and higher lows but at a lesser pace.

This is reflected in the RS-Momentum line moving lower. Given the high reading of the RS-Ratio line, this is very likely a temporary setback in relative strength.

Consumer Discretionary

The Consumer Discretionary sector is now getting close to completing a double top formation, which would send a negative chart technical signal.

In case of such a break, the target area will very likely be in the 200-210 area.

The deterioration in relative strength has already started, but it needs more time to become convincing enough to materialize a drop out of the top five.

Financials (XLF)

XLF has been consolidating between 50-52 in the past 4-5 weeks relative to the market. This means a slight improvement, which is reflected in both RRH-Lines turning back up. With the tail located inside the weakening quadrant, XLF will be well-positioned for outperformance in the coming weeks.

Technology (XLK)

Another week, another failure to take out overhead resistance.

Once again, the 242 area has proven to be too much of a hurdle for XLK. The close at the week’s low suggests some follow-through in the coming week.

The sector is still within the boundaries of the rising channel, and the RRG-Lines are mildly positive, justifying the #4 spot in the portfolio, but risks are increasing.

Utilities (XLU)

The strong performance since the low mid-January is starting to spill over into the relative strength of the Utilities sector.

The price chart is back in a series of higher highs and higher lows while the RRG-Lines are slowly starting to curl upwards.

The weak rotation for XLY on the daily chart is offset by the strength on the weekly RRG. The situation for XLU is the other way around. Here, XLU’s strong performance on the daily RRG offsets the sector’s weakness on the weekly RRG.

Portfolio Performance Update

The equal weight portfolio (20%/sector) gave back the outperformance that was built since inception. The RRG portfolio was at +2.36% since inception while SPY gained +2.62%.

Not great but no drama either, we will continue to monitor.

#StayAlert, –Julius


A US teenager has been arrested in Paris after her newborn baby was allegedly thrown out of a hotel window and died, multiple French media outlets reported, citing a statement from prosecutors.

The teenager, who was not named, was taken to hospital to undergo an operation after giving birth and was subsequently placed under police custody, prosecutors said.

Her newborn baby “was apparently thrown out of the second-floor window of a hotel” in the 20th arrondissement of Paris on Monday, prosecutors said. “The newborn was taken to emergency care but did not survive.”

Prosecutors said the young woman was part of a “group of young adults traveling in Europe.” An investigation into the homicide of a minor has since been opened, they added.

The case was first reported by Paris Match. AFP news agency and Le Parisien gave the woman’s age as 18.

This is a developing story and will be updated.

This post appeared first on cnn.com

The Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday.

Robinhood said it received a letter from the SEC’s enforcement division on Friday, detailing in a blog post that the agency has closed its investigation into the crypto business with no intention of moving forward with an enforcement action. The news comes three days after Coinbase similarly announced that the SEC has agreed to end its enforcement case against it.

Shares of Robinhood were last higher by about 1%.

In May 2024, Robinhood received a notice warning that it could be charged for potential violation of securities law within its crypto unit after previously being subpoenaed for its cryptocurrency listings, custody and platform operations — despite “years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’” Dan Gallagher, the company’s chief legal, compliance and corporate affairs officer, said at the time.

“Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities,” he said in a statement Monday. “We appreciate the formal closing of this investigation, and we are happy to see a return to the rule of law and commitment to fairness at the SEC.”

An SEC spokesperson declined to comment for this story.

The SEC’s dismissal of the Robinhood and Coinbase cases is an early sign of the regulatory sea change for the crypto industry promised by President Donald Trump during his election campaign. Despite the meteoric rise of the price of bitcoin under the previous administration, many crypto businesses saw it as low point due to the SEC’s notorious regulation-by-enforcement approach to crypto — as opposed to the creation of clear rules by which to operate — under the leadership of then Chair Gary Gensler.

Nearly half of Robinhood’s $672 million transaction-based revenue in the fourth quarter came from a 700% rise in revenue tied to crypto trading, as bitcoin rallied toward $100,000 for the first time ever on hopes of more favorable policies under Trump.

The shares have gained 38% so far in 2025.

This post appeared first on NBC NEWS

The market declined heavily on Friday likely setting up for more downside ahead. We had already begun to notice that mega-cap stocks were beginning to weaken. You can see this on the relative strength line of the SPY versus equal-weight RSP. The relative strength line has been in decline. You’ll notice that when the mega-caps underperform, the market tends to as well.

A look at the Magnificent Seven ETF (MAGS) has been showing a declining trend all year long. We have flat bottoms and a declining tops trendline and that forms a bearish descending triangle. Not only is the chart pattern unfavorable, but so are the indicators. The RSI is now in negative territory and the Price Momentum Oscillator (PMO) has topped beneath its signal line. Stochastics also look terrible as they decline in negative territory below net neutral (50). Relative strength against the SPY is also in decline.

Conclusion: The market is already in decline and it doesn’t appear there will be any help by the mega-caps, particularly the Magnificent Seven which are in decline overall based on MAGS ETF. The market struggles when these big guys don’t perform so we have downside pressure to add to an already weak looking SPY.


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A British couple in their 70s who run education programs in Afghanistan have lost contact with their family after being detained by the Taliban early this month, their children say.

The family urged the Taliban authorities to release Peter and Barbie Reynolds. Their four adult children said the couple have lived in Afghanistan for 18 years, remaining after the Taliban toppled the Western-backed government in 2021.

The couple runs Rebuild, an organization that provides education and training programs for businesses, government agencies, educational organizations and nongovernmental groups. The Sunday Times, which first reported the story, said one project was for mothers and children. The Taliban has severely restricted women’s education and activities.

“They have always been open about their presence and their work, diligently respecting and obeying the laws as they change,” the children said in a letter to the Taliban, shared Sunday with The Associated Press. “They have chosen Afghanistan as their home, rather than with family in England, and they wish to spend the rest of their lives in Afghanistan.

“We kindly ask for the release of our father and mother so they can return to their work in teaching, training, and serving Afghanistan, which you have previously supported.”

The children said their parents had asked the British government not to get involved with their case. Britain’s Foreign Office declined to comment.

Rebuild said the husband and wife were taken from their home in the Nayak area of central Bamiyan province, along with another foreigner and an Afghan.

In a message to AP, Rebuild said the detained couple had been living in the area for more than two years and had Afghan identity cards. It said Taliban officials had previously searched their home and taken the couple to Kabul, before returning them to Bamiyan.

“Then a delegation came from Kabul, along with Bamiyan provincial officials, and took them again to Kabul,” the organization said. “It is now around 17 days and there is still no information about them.”

No one from the Taliban government was available for comment.

This post appeared first on cnn.com