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In this exclusive StockCharts video, Joe presents a trading strategy using the simple moving average. Explaining what to watch and how it can tell you what timeframe to trade, he shares how to use it in multiple timeframes. Joe covers the QQQ and IWM and explains the levels to monitor in both indices. Finally, he goes through the symbol requests that came through this week, including KR, IBM, and more.

This video was originally published on February 5, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Nearly 3,000 people have been killed in the city of Goma in the eastern Democratic Republic of Congo, according to the United Nations, after it was captured by rebels following days of fierce fighting with the Congolese army.

Vivian van de Perre, deputy head of the UN mission in DR Congo, said Wednesday that “so far 2,000 bodies have been collected from the Goma streets in recent days, and 900 bodies remain in the morgues of the Goma hospitals.”

“We expect this number to go up,” she told reporters in a video call from the city, which is home to about 2 million people. “There are still many decomposing bodies in certain areas.”

The retrieval of the bodies comes after the rebel coalition, Alliance Fleuve Congo (AFC) – which includes the M23 armed group – announced a ceasefire from Tuesday “in response to the humanitarian crisis caused by the Kinshasa regime,” referring to DR Congo’s government.

The government on Tuesday described the ceasefire as “false communication,” and heavy fighting has continued to be reported in South Kivu province, the UN said Wednesday.

DR Congo – a country of more than 100 million people – has experienced decades of violence driven by ethnic tensions and fights over access to land and mineral resources, causing one of the world’s largest humanitarian crises.

Congo, the United States and UN experts accuse neighboring Rwanda of backing M23, which is mainly made up of ethnic Tutsis who broke away from the Congolese army more than a decade ago.

Since 2022, M23 – which claims to defend the interests of minority communities including the Tutsi – has waged a renewed rebellion against the Congolese government, occupying a large expanse in North Kivu, which borders Rwanda and Uganda.

The province, of which Goma is the capital, is home to rare minerals – including vast deposits of coltan – which is crucial to the production of phones and computers.

Heavy fighting reported

Van de Perre said Wednesday that while the UN hoped the ceasefire would hold, “it appears that is not the case,” with ongoing fighting reported along a main road toward the South Kivu capital of Bukavu.

“In Bukavu, tensions are rising as the M23 moves closer, just 50km north of the city,” Van de Perre told reporters, calling the situation in South Kivu province “particularly concerning.”

Rebel groups appear to continue gaining ground in the mineral-rich eastern region, capturing a town 100 kilometers (60 miles) from Bukavu, the Associated Press reported Wednesday, citing civil society officials and residents.

Van de Perre said the UN is “gravely concerned” at losing Bukavu’s Kavumu airport, which she said is “critical for ongoing civilian and humanitarian use around South Kivu.”

The rebel alliance has emphasized previously it has “no intention of capturing Bukavu or other areas,” where many displaced people from Goma have fled. “However, we reiterate our commitment to protecting and defending the civilian population and our positions,” it said.

Rebels have made a string of territorial acquisitions in recent weeks in the nation’s east and the group’s leader has expressed the intention of capturing more cities, including the national capital Kinshasa.

Kinshasa lies around 930 miles (1,500 kilometers) away from Goma, on the vast country’s western edge.

“We are going to fight until we get to Kinshasa. We have come to Goma to stay; we are not going to withdraw. We are going to move forward from Goma to Bukavu … up to Kinshasa,” he said.

In Goma, Van de Perre said the rebel group is consolidating control over the city and territories of North Kivu that it has already seized.

The Congolese government has not confirmed the rebels’ takeover but acknowledged their presence in Goma. Last week, a new military governor was appointed for North Kivu, which was described by the Congolese military as being “under a state of siege.”

“We remain under occupation (in Goma). The situation is still highly volatile with a persistent risk of escalation,” Van de Perre said Wednesday. “All exit routes from Goma are under their control and the airport, also under M23 control, is closed until further notice.”

“The escalating violence has led to immense human suffering, displacement and a growing humanitarian crisis,” Van de Perre said.

Nearly 2,000 civilians are sheltering at UN peacekeeping bases in Goma, she said.

This post appeared first on cnn.com

Boeing has lost more than $2 billion and counting on its Starliner spacecraft after a rough year in which the capsule’s first astronaut flight turned into a headache for NASA.

The Starliner program reported charges of $523 million for 2024 — its largest single-year loss to date — Boeing reported in a filing on Monday. The company noted that Starliner is under a fixed-price contract from NASA, so “there is ongoing risk that similar losses may have to be recognized in future periods.”

Since 2014, when NASA awarded Boeing with a nearly $5 billion fixed-price contract to develop Starliner, the company has recorded losses on the program almost every year.

Boeing’s program competes with Elon Musk’s SpaceX, which has flown 10 crew missions for NASA and counting on its Dragon capsules.

Last summer, Boeing’s first crew flight went awry after part of the capsule’s propulsion system malfunctioned. While Starliner delivered astronauts Butch Wilmore and Suni Williams to the International Space Station, NASA made the decision to bring Starliner back empty and use SpaceX to return the crew early this year — an agency choice that recently became politicized.

Neither Boeing nor NASA have provided details on how or when they plan to resolve the Starliner propulsion issue.

Boeing last week confirmed that Starliner Vice President Mark Nappi was leaving his role, Reuters reported, with the company’s ISS program manager John Mulholland named as his replacement. Mullholland previously led the Starliner program from 2011 to 2020.

Nearly four months ago, NASA said it was keeping “windows of opportunity for a potential Starliner flight in 2025,” but scheduled SpaceX to fly both its crews on missions launching in spring and late summer. NASA then specified that “the timing and configuration of Starliner’s next flight will be determined once a better understanding of Boeing’s path to system certification is established.”

The agency has not given an update on Starliner since making those comments in October.

This post appeared first on NBC NEWS

Monday’s market opening was a doozy, with all three indices down nearly 2% in overnight trading. This was in response to President Trump’s 25% tariffs on Mexico and Canada and a 10% tariff on China. Eventually, the indices were able to stem their losses as Trump paused the tariffs on Canadian and Mexican imports for a month, a strategic move aimed at pressuring trade negotiations.

Before the markets stabilized, however, I ran a few scans to identify stocks bucking the trend, looking for resilience amid fears of escalating trade tensions. Using StockCharts’ MarketCarpets, I quickly zoomed in on the Consumer Staples sector—one of the most tariff-sensitive areas likely to impact consumers.

FIGURE 1. MARKETCARPETS 1-DAY VIEW OF CONSUMER STAPLES.  Walmart and Costco were among the top-gaining stocks in the sector. While both are exposed to tariff pressures, their positioning and scale allow them to mitigate the impact differently.Image source: StockCharts.com. For educational purposes.

Following this, I chose to run a scan for Outperforming SPY: 52-Week Relative Highs to identify top-gaining stocks in the Consumer Staples sector.

FIGURE 2. SCAN RESULTS FOR OUTPERFORMING SPY: 52-WEEK RELATIVE HIGHS.  Three big grocery stocks came up—COST, WMT, and SFM.Image source: StockCharts.com. For educational purposes.

Here’s where it gets interesting:

Costco (COST) benefits from a loyal membership base, bulk discounts, and strong private label offerings, helping it absorb tariff-related costs. Its diversified supply chain and purchasing power further mitigate exposure.

Walmart (WMT) enjoys similar economies of scale and private label advantages, but if consumers trade down or cut discretionary spending, margin pressures could weigh on revenues.

Sprouts Farmers Market (SFM) sources some products locally but relies heavily on Mexican imports. If rising prices make customers more price-sensitive, they may shift to larger chains like Walmart or Costco. Among the three, SFM is most at risk in the event of a prolonged trade war with our local neighbors.

Let’s take a one-year look back using the StockCharts PerfCharts and see how these stocks performed relative to the Consumer Staples Select Sector SPDR Fund (XLP), a sector proxy, and the S&P 500 ($SPX).

FIGURE 3. PERFCHARTS ONE-YEAR VIEW OF XLP, COST, WMT, SFM, AND $SPX. Note how far SFM outperformed them all.Chart source: StockCharts.com. For educational purposes.

I’ve written about SFM before, but I wasn’t expecting the stock to have outperformed its peers in the way that it has over the last year. All three stocks outperformed the S&P 500, while XLP underperformed the broader market.

Now it’s time to zoom in, starting with a daily chart of COST.

FIGURE 4. DAILY CHART OF COST. Relative to the Consumer Staples Bullish Percent Index ($BPSTAP), Costco is remarkably bucking the trend.Chart source: StockCharts.com. For educational purposes.

Costco is poised to break above resistance at $1,008, a move that would push the stock to an all-time high. But does it have the momentum to sustain the rally? While breadth in the sector looks weak, with just 29% of stocks flashing Point & Figure buy signals according to the Consumer Staples sector’s Bullish Percent Index (BPI), COST stands out as an exception alongside two other names. The Relative Strength Index (RSI) suggests the stock is entering overbought territory but still has room to run, while the StockCharts Technical Rank (SCTR) has just cleared the bullish 70 threshold, although it has struggled to hold above the ultra-bullish 90 level.

If the breakout fails, key support levels are $908 and $870. Momentum and volume are critical indicators of any potential bounce.

Shifting to a daily chart of WMT, the stock has maintained a steady uptrend with minimal volatility, aside from a summer dip, a sharp November rally, and a December pullback. The stock recently cleared resistance at $96, propelling it toward an all-time high.

FIGURE 5. DAILY CHART OF WMT. The stock price is at all-time highs. Volume and momentum are giving slightly, which may signal a pullback. Watch the Keltner Channel bands that are overlaid on the price chart.Chart source: StockCharts.com. For educational purposes.

The SCTR score remains around 90, signaling strong technical momentum across multiple timeframes. Keep an eye on price as the RSI is signaling potential overbought territory.

In terms of volume, the Chaikin Money Flow (CMF) indicates a surge in buying pressure, reinforcing bullish sentiment. If WMT pulls back, keep an eye on the Keltner Channel bands, which act as both a trend indicator and dynamic support/resistance levels. Additionally, the most recent swing low of around $90 could serve as a key support zone.

Now, the strongest performing stock of the bunch: Sprouts. Below is a daily chart of SFM.

FIGURE 6. DAILY CHART OF SFM. This stock is the outperformer of the bunch. Watch key support levels (blue dashed horizontal lines) should it pull back.Chart source: StockCharts.com. For educational purposes.

Sprouts Farmers Market has exhibited strong technical momentum throughout 2024, mirroring WMT’s bullish trajectory. With the stock breaking above $155 to reach an all-time high, the Money Flow Index (MFI) signals overbought conditions, hinting at a potential pullback. If selling pressure emerges, key support levels to watch include prior resistance at $155, a congestion zone between $138 and $143, and the major swing low around $125. While MFI confirms strong volume and momentum, it also suggests that the rally may be a bit stretched in the short term.

At the Close

Costco, Walmart, and Sprouts Farmers Market have outperformed their sector peers, defying broader weakness in the group. While strong sector performance usually provides a tailwind for individual stocks, the opposite scenario raises concerns that sector-wide pressure could eventually drag these leaders lower. Monitor their key levels closely, especially during pullbacks, to determine whether they present a buying opportunity or a signal to stay on the sidelines.

If some stocks, like COST, are too pricey to buy several positions outright, check out StockCharts’ OptionsPlay Strategy Center to discover alternative strategies that align with your directional bias and risk tolerances, allowing you to capitalize on market opportunities more efficiently.


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.

US President Donald Trump has said he wants access to Ukraine’s mineral deposits in exchange for future military aid that Kyiv needs as it continues to defend itself against Russia’s aggression.

While the comment highlighted Trump’s transactional approach to the war in Ukraine, it was not entirely unexpected. The US and other Western countries have eyed Ukraine’s mineral riches for a long time.

“We’re putting in hundreds of billions of dollars. They have great rare earths. And I want security of the rare earth, and they’re willing to do (that),” Trump told reporters in the Oval Office on Monday, without specifying what, if anything, Ukraine had agreed to do.

He has previously suggested that any future assistance should be provided as a loan and would be conditioned on Ukraine negotiating with Russia.

Under former US President Joe Biden, the US had provided Ukraine with $65.9 billion in military assistance since Russia launched its full-scale invasion of the country in February 2022.

Biden argued the aid was necessary because Ukraine’s victory was key to America’s own security. Trump, however, has made it clear he doesn’t believe the US should continue providing assistance without getting something in return.

While Trump did not give any details on what he wants from Kyiv, a deal outlining a deeper cooperation between the US and Ukraine on minerals had been in the works for months before he took office in January.

A memorandum of understanding prepared under the Biden administration last year said the US would to promote investment opportunities in Ukraine’s mining projects to American companies in exchange for Kyiv creating economic incentives an implementing good business and environmental practices.

Ukraine already has a similar agreement with the European Union, signed in 2021.

Adam Mycyk, a partner in the Kyiv office of the global law firm Dentons, said that while the objective of the deal – securing critical mineral supplies from Ukraine – remains unchanged, Trump’s approach seems to be more transactional.

Kyiv has not yet responded to Trump’s comments, but the Ukrainian government has in the past made the argument that its mineral deposits are one of the reasons the West should support Ukraine – to prevent these strategically important resources from falling into Russian hands.

Ukraine’s President Volodymyr Zelensky has specifically mentioned the possibility of future investments in the country’s natural resources by its Western allies as a key part of his “Victory plan.”

“The deposits of critical resources in Ukraine, along with Ukraine’s globally important energy and food production potential, are among the key predatory objectives of the Russian Federation in this war. And this is our opportunity for growth,” Zelensky said in a statement outlining the plan in October.

Nataliya Katser-Buchkovska, the co-founder of the Ukrainian Sustainable Investment Fund, said a deal that would bring US investment into Ukraine’s mining sector would be beneficial for both sides.

The US largely depends on imports for the minerals it needs, many of which come from China. Of the 50 minerals classed as critical, the US was entirely dependent on imports of 12 and more than 50% dependent on imports of a further 16, according to the United States Geological Survey, a government agency.

Ukraine, meanwhile, has deposits of 22 of these 50 critical materials, according to the Ukrainian government.

“It is not only a crucial step for Ukraine’s post-war economic recovery, but it’s also a chance for the US to address global supply chain issues,” said Katser-Buchkovska, who served as a member of the Ukrainian Parliament from 2014 to 2019 and was the head of a parliamentary committee on energy security and transition.

China’s global dominance

Although Trump used the term “rare earths,” it is unclear whether he intended to refer specifically to rare earth minerals – a group of 17 elements that exist in the earth’s core and have magnetic and conductive properties that make them crucial to the production of electronics, clean energy technologies and some weapon systems.

Ukraine doesn’t have globally significant reserves of rare earth minerals, but it does have some of the world’s largest deposits of graphite, lithium, titanium, beryllium and uranium, all of which are classed by the US as critical minerals. Some of these reserves are in areas that are currently under Russian occupation.

China has long dominated the global production of rare earths minerals and other strategically important materials. It is responsible for nearly 90% of global processing of rare earth minerals, according to the Center for Strategic and International Studies (CSIS). On top of that, China is also the world’s largest producer of graphite and titanium, and a major processor of lithium.

The latest trade spat between Washington and Beijing makes it even more important for the US to look for alternative suppliers.

The economic measures China announced on Tuesday in retaliation for Trump’s new tariffs include new export controls on more than two dozen metal products and related technologies. While they do not cover the most critical materials the US needs, the move indicates that China is prepared to use its mineral riches as leverage in trade disputes.

Mycyk said that the demand for these critical materials is expected to surge because of the global transition to electric vehicles and renewable energy technologies.

“Ukraine’s deposits are thus globally significant, offering diversification away from dominant producers like China. Keeping these resources under Ukrainian control is crucial for maintaining its economic sovereignty,” he added.

This post appeared first on cnn.com

Ontario will pull all American alcohol from its government-run liquor shelves beginning Tuesday in response to U.S. President Donald Trump’s 25% tariffs on Canadian imports.

Outlets of the Liquor Control Board of Ontario will also take U.S. products out of its catalog so other retailers can’t order or restock those items, according to a Sunday statement by Premier Doug Ford.

“Every year, LCBO sells nearly $1 billion worth of American wine, beer, spirits and seltzers. Not anymore,” Ford said. “There’s never been a better time to choose an amazing Ontario-made or Canadian-made product.”

Ford’s announcement came just hours after Canadian Prime Minister Justin Trudeau slapped retaliatory tariffs of 25% against $155 billion of U.S. goods.

The LCBO is one of the largest wholesalers of alcohol, selling more than 1.1 billion liters of alcohol products in Ontario in 2023. According to the Observatory of Economic Complexity, Canada primarily imports hard liquor from America with an estimated $320 million in sales. The U.S.’s second main export destination for liquor as of October 2024 is Canada, with a $25.9 million trade value, according to the OEC.

In a statement provided to CNBC, the LCBO said it will be stopping all sales of U.S. alcohol products online and in stores “indefinitely,” adding that it is the “importer of record” for all American alcohol into Ontario. LCBO currently lists more than 3,600 products from 35 U.S. states, the statement added.

The move follows other similar Canadian premiers’ announcements of retaliation to the tariffs, including Nova Scotia Premier Tim Houston directing the Nova Scotia Liquor Corporation to remove all American alcohol from their shelves on Tuesday and British Columbia Premier David Eby directing the BC Liquor Distribution Branch to “immediately stop buying American liquor from “red states” and remove the top-selling “red-state” brands from the shelves.”

This post appeared first on NBC NEWS

Trading is being affected by the scare of a trade war. With new tariffs being placed on Mexico, Canada and China, the market fell heavily on Friday. The same was occurring this morning, but then the tariff on Mexico was delayed by one month which helped the market breathe a sigh of relief that maybe these tariffs won’t be sticky. The market was still lower, but recovered much of its losses.

The trading room began with the DP Signal Tables giving viewers a sense of where the market currently is. Carl reviewed the charts and also covered major asset classes like the Dollar, Gold and Bitcoin.

After reviewing the market, Carl gave us his opinion on the Magnificent Seven stocks in the short and intermediate terms. Definitely a mixed bag today.

Erin took over and gave us a thorough review of Sector Rotation with a deep dive into the Energy and Consumer Discretionary sectors.

She had plenty of time to review symbol requests at the end of the program and covered many stocks including PLTR, PLNT, IBM and NVDA.

If you’d like to try out our any of our subscriptions for two weeks for free, use coupon code DPTRIAL2 at checkout. Here is a link to our products: https://www.decisionpoint.com/products.html

01:09 DP Signal Tables

03:50 Market Overview

14:40 Magnificent Seven

23:29 Sector Rotation

31:37 Symbol Requests


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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. 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.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


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A female swimmer has died in a shark attack in the waters off a popular tourist spot on Australia’s east coast, authorities said.

Emergency crews were called to the Woorim Beach at Bribie Island, about 80 kms (50 miles) north of Brisbane around 5 p.m. local time on Monday following reports of a serious shark bite incident, Queensland state police said on Monday.

“The female was swimming when she was bitten by a shark … the female sustained life-threatening injuries and succumbed to those injuries,” a police spokesperson said in an email.

Police did not disclose the age of the victim though Australian media widely reported the victim was a 17-year-old girl.

Christopher Potter, a resident, said the beach is frequently used by swimming groups through the day.

“It’s known there are a lot of sharks around Bribie, but this close to shore, it’s still a shock,” he told Australian public broadcaster ABC News.

This post appeared first on cnn.com

As cities across the country vie for the next Women’s National Basketball Association team, the league quietly filed a trademark application this week for the name “Detroit Shock.”

The filing, dated Thursday, notes the intended use is for a basketball team, merchandise, jerseys and in-arena signage that could appear on TV or radio broadcasts. It could offer clues into the league’s ultimate decision for the location of a new franchise.

On Friday, Detroit Pistons owner Tom Gores submitted a bid for the Motor City to host a new team. The ownership group would be led by Gores and also includes Detroit Lions principal owner and chair Sheila Ford Hamp; former Detroit Pistons stars Grant Hill and Chris Webber; General Motors CEO Mary Barra; and Detroit Lions quarterback Jared Goff.

“Detroit is a sports town that loves its teams deeply and consistently shows up with unwavering passion,” Gores said in a statement.

The WNBA and Detroit Pistons did not immediately respond to CNBC’s request for comment on the trademark application.

The new trademark application by the WNBA is the only submission from the professional women’s basketball league since early December, according to Josh Gerben, a trademark attorney at Gerben IP, who is not involved with the specific filing.

Unlike other professional sports leagues where individual teams own their own trademark filings, the WNBA holds the rights to all names and logos for the league’s franchises, according to Gerben.

“Circumstantial evidence would be that [Detroit’s] is a winning bid and they’re very much planning on getting this going to have filed that trademark application,” Gerben told CNBC.

However, Gerben said the filing could also be a way for the league to protect itself against “squatters” or others trying to use the name.

Another trademark application was filed for the “Detroit Shock” by an individual named Ryan Reed in July 2023, but that trademark has yet to be approved. A person with the same name, purportedly based in Detroit, identifies as the founder of a women’s basketball league on LinkedIn.

Plenette Pierson (#23) of the Detroit Shock celebrates after winning game three of the WNBA Finals against the San Antonio Silver Star on Oct. 5, 2008.David Dow / NBAE via Getty Images file

The Detroit Shock were a WNBA team based in Auburn Hills, Michigan, from 1998 to 2009. The team won three WNBA Championships in 2003, 2006 and 2008. In 2009, the franchise moved to Tulsa, Oklahoma, where they played until 2015. Today, they play in Arlington, Texas, as the Dallas Wings.

WNBA Commissioner Cathy Engelbert said at the WNBA Finals in October that at least 10 cities had expressed interest in launching an expansion team.

“We’re not in a huge rush. We’d like to bring it in ’27 or no later than ’28,” Engelbert said at the time in regard to adding a 16th team.

Cleveland, Kansas City, Philadelphia, St. Louis, Houston, Austin, Nashville and Milwaukee are among the locations seeking to bring women’s professional basketball to their cities.

This post appeared first on NBC NEWS

In this video, Mary Ellen unpacks the week after the news drop roiled markets; coupled with major earnings reports, it’s been a rough week. She highlights what drove the biggest winners last week as we head into one of the busiest time for earnings!

This video originally premiered January 31, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.