A Japanese court on Thursday sentenced a 45-year-old man to death for setting fire to the renowned Kyoto Animation studio in 2019, which left 36 people dead in the country’s worst mass killing in almost 20 years, according to public broadcaster NHK. The defendant, Shinji Aoba, was charged with murder and arson after telling police his work had been plagiarized and that ...
It’s still unclear why a Russian military transport aircraft crashed in the Belgorod region near the Ukraine border on Wednesday, whether because it was brought down by a missile or suffered some catastrophic technical failure. But all 74 people on board were killed, according to Russian authorities. The first images of the wreckage on the ground are inconclusive; one video shows the last seconds ...
Igor Girkin, a prominent Russian pro-war blogger who criticized President Vladimir Putin’s handling of the war on Ukraine, has been found guilty on extremism charges and sentenced to four years in prison by a Moscow court. Moscow City Court convicted Girkin, also known under his pseudonym, Strelkov, of inciting extremism – a charge he denied. A former officer of Russia’s Federal Security ...
In this edition of StockCharts TV‘s The Final Bar, Dave observes the S&P 500 index pressing higher after achieving new all-time highs on Friday. While large caps have dominated small caps so far in January, days like today suggest small-cap strength as a potential emerging trend. He also reviews key market breadth indicators and bearish momentum divergences for LOGI and HD. This ...
Over the weekend, I covered the daily charts on the Economic Modern Family, featuring the Russell 2000 (IWM) and Retail (XRT). Both are lagging the benchmark and in the middle of their January trend calendar ranges. As Semiconductors, NASDAQ, the Dow, and S&P 500 continue to post new all-time highs and clear the January trend highs, I keep looking for ...
On this episode of StockCharts TV’s Sector Spotlight, I highlight the short-term weakness in BTC, the price strength in USD, and the clear strength of stocks over all other asset classes. In sectors, I analyze the continuing rotation out of defensive sectors, which is another positive for stocks in general. Finally, I evaluate the position of the US market vis-a-vis other ...
The biggest mover so far in one month’s time is sugar futures, up over 16%. As I am a big follower of weather patterns and have predicted weather could be a huge factor on several crops this year, one major concern for sugar is that the current El Niño weather pattern will curtail global sugar output. In addition, India’s ban ...
In this edition of StockCharts TV‘s The Final Bar, guest Ari Wald, CFA CMT of Oppenheimer lays out a bull case for the S&P 500 based on valuations and forward returns given strong breadth conditions. Dave reviews stocks reporting earnings this week, including LOGI, LMT, PG, DHI, and NFLX. This video originally premiered on January 23, 2024. Watch on our dedicated Final Bar page on StockCharts ...
Advanced Micro Devices, Inc. (stock symbol: AMD) is one stock that met several positive trading criteria during Wednesday’s trading. The stock price hit a new 52-week high and moved above its upper Bollinger Band®, its upper price channel, and so on. The AMD chart below displays a Bollinger Band overlay and the Distance From 52-Week High indicator in the lower ...
As a follow-up to a daily I wrote earlier in January called “Super Cycles Do Not Just Fade Away”, yesterday’s January 23rd daily was all about one of the three indicators that can get us prepared for more inflation. On January 5th, sugar was still trading under 22 cents. Since then, SUGAR is up another 15%. A quote from yesterday: ...
In this edition of StockCharts TV‘s The Final Bar, Dave breaks down the chart of Intel Corp (INTC) to demonstrate the benefits of three important technical indicators: Moving Averages, Relative Strength Index (RSI) and Relative Strength. He shares why a disciplined process of interpreting these indicators can help investors better understand price action, along with how to set up this layout on ...
In this edition of StockCharts TV‘s The Final Bar, guest John Kosar, CMT of Asbury Research shares his proprietary Asbury Six macro model, which suggests caution based on weak fund flows and breadth conditions. Dave focuses in on crude oil and gold charts, and also reviews key earnings plays including NFLX, TSLA, and more. This video originally premiered on January 24, 2024. ...