Fighting around Sudan‘s largest oil refinery set the sprawling complex ablaze, satellite data analyzed by The Associated Press on Saturday shows, sending thick, black smoke over the country’s capital. Forces loyal to Sudan’s military under army chief Gen. Abdel-Fattah Burhan later claimed they captured the refinery, owned by Sudan’s government…
Hamas freed four female Israeli soldiers in a second round of releases under a ceasefire deal that also saw Israel accusing Hamas of failing to fulfil its obligations to release civilians first. Following their release, Israel has released 200 Palestinian prisoners from detention centers. The four hostages freed Saturday –…
Remember that old commercial, “It’s not nice to fool Mother Nature?” Well, there should be another one pertaining to the stock market, “Don’t bet against a secular bull market advance!” We’re all trained, or brainwashed, if you will, to believe that the next major stock market top is at hand…
Despite periodic rallies that have buoyed the home improvement retail sector, Lowe’s (LOW) is showing signs of potential weakness. Recent price action in Lowe’s stock and lagging growth metrics suggest that its latest attempt to sustain a breakout may run out of steam. Below, we’ll explore the technical and fundamental…
The Biotech industry group is making a comeback, with the ‘under the hood’ chart displaying new strength coming into the group. We have a constructive bottom that price is breaking from and, while it does need to overcome resistance at the 200-day EMA, it looks encouraging. What was particularly impressive…
Gold mining stocks have been climbing since the end of December, a trend that usually goes unnoticed unless gold — often dismissed as an “old relic” — undergoes one of its periodic shifts into a timely and relevant asset. Recently, gold has been in the public spotlight, shedding its “relic”…
The Mag7 ETF (MAGS) formed another short-term bullish continuation pattern as it worked its way higher since the triangle breakout in mid September. This report will also analyze the long-term trends, highlight the short-term setups and compare performance for the stocks in this ETF. First and foremost, MAGS is in…
No changes in the top-5 At the end of this week, there were no changes in the ranking of the top-5 sectors. (1) XLY – Consumer Discretionary (2) XLF – Financials (3) XLC – Communication Services (4) XLI – Industrials (5) XLE – Energy (6) XLK – Technology (7) XLU…
Despite the strength in some key growth stocks in January, semiconductors have been decidedly rangebound for most of the last six months. While this week’s breakout of the range appears to be a significant bullish signal, the bearish candle pattern on Friday indicates investors may be best served by being…
In this video, Mary Ellen reviews the new uptrend in the S&P 500, and highlights what’s driving it higher. She then shares new pockets of strength that are poised to take off, and what to be on the lookout for ahead of next week’s M7 earnings reports. This video originally…