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Ruma was having lunch on a summer day in 2021 when her phone began blowing up with notifications.

When she opened the messages, they were devastating. Photos of her face had been taken from social media and edited onto naked bodies, shared with dozens of users in a chat room on the messaging app Telegram.

The comments in screen shots of the chat room were demeaning and vulgar – as were the texts from the anonymous messenger who had sent her the images. “Isn’t it funny? … Watching your own sex video,” they wrote. “Tell me you honestly enjoy this.”

The harassment escalated into threats to share the images more widely and taunts that police wouldn’t be able to find the perpetrators. The sender seemed to know her personal details, but she had no way to identify them.

While revenge porn – the nonconsensual sharing of sexual images – has been around for nearly as long as the internet, the proliferation of AI tools means that anyone can be targeted by explicit deepfakes, even if they’ve never taken or sent a nude photo.

South Korea has had a particularly fraught recent history of digital sex crimes, from hidden cameras in public facilities to Telegram chat rooms where women and girls were coerced and blackmailed into posting demeaning sexual content.

But deepfake technology is now posing a new threat, and the crisis is particularly acute in schools. Between January and early November last year, more than 900 students, teachers and staff in schools reported that they fell victim to deepfake sex crimes, according to data from the country’s education ministry. Those figures do not include universities, which have also seen a spate of deepfake porn attacks.

In response, the ministry established an emergency task force. And in September, legislators passed an amendment that made possessing and viewing deepfake porn punishable by up to three years in prison or a fine of up to 30 million won (over $20,000).

Creating and distributing non-consensual deepfake explicit images now has a maximum prison sentence of seven years, up from five.

South Korea’s National Police Agency has urged its officers to “take the lead in completely eradicating deepfake sex crimes.”

But of 964 deepfake-related sex crime cases reported from January to October last year, police made 23 arrests, according to a Seoul National Police statement.

Victims taking action

Ruma was a 27-year-old university student when her nightmare first began. When she went to the police, they told her they would request user information from Telegram, but warned the platform was notorious for not sharing such data, she said.

Once an outgoing student who enjoyed school and an active social life, Ruma said the incident had completely changed her life.

“It broke my whole belief system about the world,” she said. “The fact that they could use such vulgar, rough images to humiliate and violate you to that extreme extent really damages you almost irrevocably.”

She decided to act after learning that investigations into reports by other students had ended after a few months, with police citing difficulty in identifying suspects.

Ruma and fellow students sought help from Won Eun-ji, an activist who gained national fame for exposing South Korea’s largest digital sex crime group on Telegram in 2020.

Won agreed to help, creating a fake Telegram account and posing as a man in his 30s to infiltrate the chat room where the deepfake images had circulated. She spent nearly two years carefully gathering information and engaging other users in conversation, before coordinating with police to help carry out a sting operation.

When police confronted the suspect, Won sent him a Telegram message. His phone pinged – he had been caught.

Two former students from the prestigious Seoul National University (SNU) were arrested last May. The main perpetrator was ultimately sentenced to 9 years in prison for producing and distributing sexually exploitative materials, while an accomplice was sentenced to 3.5 years in prison.

Excerpts of the ruling shared by Ruma’s lawyers state, “The fake explicit materials produced by the perpetrator are repugnant, and the conversations surrounding them are shocking … They targeted victims as if they were hunting prey, sexually insulted the victims and destroyed their dignity by using photos from graduations, weddings, and family gatherings.”

Ruma’s case is just one of thousands across South Korea – and some victims had less help from police.

Public often unsympathetic

“My hands started to shake,” she recalled. “When could this photo have been taken, and who would upload such a thing?”

But she said the situation worsened two days later. Her hair was made messy, and her body was altered to make it look like she was looking back. The manipulated picture of her face was added onto nude photos. The sophisticated technology made the images unnervingly realistic.

Police told her that their only option to identify the poster was to request user information from Twitter, the social media platform bought by Elon Musk in 2022 and rebranded as X in 2023, with an emphasis on free speech and privacy.

Kim and a colleague, also a victim of a secret filming, feared that using official channels to identify the user would take too long and launched their own investigation.

They identified the person: a quiet, introverted student “someone you’d never imagine doing such a thing,” Kim said.

The person was charged but regardless of what happens in court, she said life will never be the same.

She said a lack of public empathy has frustrated her too. “I read a lot of articles and comments about deepfakes saying, ‘Why is it a serious crime when it’s not even your real body?’” Kim said.

According to X’s current policy, obtaining user information involves obtaining a subpoena, court order, or other valid legal document and submitting a request on law enforcement letterhead via its website.

X says it’s company policy to inform users that a request has been made.

Its rules on authenticity state that users “may not share inauthentic content on X that may deceive people or lead to harm.”

Pressure on social platforms to act

Won, the activist, said that for a long time, sharing and viewing sexual content of women was not considered a serious offense in South Korea.

Though pornography is banned, authorities have long failed to enforce the law or punish offenders, Won said.

Societal apathy makes it easier for perpetrators to commit digital sex crimes, Won said, including what she called “acquaintance humiliation.”

“Acquaintance humiliation” often begins with perpetrators sharing photos and personal information of women they know on Telegram, offering to create deepfake content or asking others to do so. Victims live in fear as attackers often know their personal information – where they live, work, and even details about their families – posing real threats to their safety and allowing anonymous users to harass women directly.

Since South Korea’s largest digital sex exploitation case on Telegramin 2020, Won said the sexual exploitation ecosystem had fluctuated, shrinking during large-scale police investigations but expanding again once authorities ease off.

Online platforms are also under pressure to act.

Telegram, which has become a fertile space for various digital crimes, announced it would begin sharing user data with authorities as part of a broader crackdown on illegal activities.

The move came after the company’s CEO Pavel Durov was arrested in August in France on a warrant relating to Telegram’s lack of moderation, marking a turning point for a platform long recognized for its commitment to privacy and encrypted messaging. Durov is under formal investigation but has been allowed to leave France, he said in a post on Telegram.

Last September, South Korea’s media regulator said Telegram had agreed to establish a hotline to help wipe illegal content from the app, and that the company had removed 148 digital sex crime videos as requested by the regulator.

Won welcomed this move, but with some skepticism – saying governments should remove the app from app stores, to prevent new users from signing up, if Telegram doesn’t show substantial progress soon. “This is something that has been delayed for far too long,” she said.

A meaningful breakthrough occurred this January, marking the first time Korean authorities successfully obtained crime-related data from Telegram, according to Seoul police.

Fourteen people were arrested, including six minors, for allegedly sexually exploiting over 200 victims through Telegram. The criminal ring’s mastermind had allegedly targeted men and women of various ages since 2020, and more than 70 others were under investigation for allegedly creating and sharing deepfake exploitation materials, Seoul police said.

“No matter how much punishments are strengthened, there are still far more victims who suffer because their perpetrators have not been caught, and that’s why it feels like the verdict is still far from being a true realization of change or justice,” Ruma said. “There’s a long way to go.”

This post appeared first on cnn.com

Virginia Giuffre, who alleged Britain’s Prince Andrew abused her when she was a teenager, has died by suicide, her family said. She was 41.

Police confirmed that emergency services found a woman unresponsive in her home near Perth, Western Australia, on Friday night. She was pronounced dead at the scene after first aid was unsuccessful.

Her death is not being treated as suspicious, police said.

Giuffre, a mother of three, was one of the most prominent accusers of the wealthy sex offender Jeffrey Epstein. In 2019, she publicly alleged Epstein trafficked her and forced her to have sex with his friends, including Prince Andrew, when she was 17 years old.

She also claimed the prince was aware she was underage in the US at the time.

Prince Andrew repeatedly denied the claims.

“It is with utterly broken hearts that we announce that Virginia passed away last night at her farm in Western Australia,” read a statement from the family.

“She lost her life to suicide, after being a lifelong victim of sexual abuse and sex trafficking.”

“Virginia was a fierce warrior in the fight against sexual abuse and sex trafficking. She was the light that lifted so many survivors.”

“In the end, the toll of abuse is so heavy that it became unbearable for Virginia to handle its weight.”

Help is available if you or someone you know is struggling with suicidal thoughts or mental health matters. In the US, call or text 988, for the Suicide & Crisis Lifeline. Globally, the International Association for Suicide Prevention and Befrienders Worldwide have contact information for crisis centers around the world.

This post appeared first on cnn.com

Throngs of mourners are gathering in Vatican City and lining the streets of Rome on Saturday to give a final send-off to Pope Francis, who will be remembered as a champion of migrants and the poor, and for his efforts to reshape the Catholic Church.

His funeral Mass is being held on the steps of St. Peter’s Basilica, one of the Catholic Church’s most important sites, with more than 50 world leaders and 11 reigning monarchs in attendance. They are expected to include US President Donald Trump, Argentine President Javier Milei, Italian Prime Minister Giorgia Meloni and Filipino President Ferdinand Romualdez Marcos Jr., head of the largest Catholic nation in Asia.

The Vatican has prepared for as many as 250,000 people to flock to St. Peter’s Square and one million more to line the 6-kilometer (3.7 mile) procession route from Vatican City through Rome to the Basilica di Santa Maria Maggiore, in hopes of seeing the pope’s modest coffin as it travels to his final resting place.

Many more of world’s 1.4 billion Catholics will watch the funeral for the first Latin American pope on TV.

Pope Francis died at the age of 88 after suffering a stroke on Easter Monday, just one day after he appeared in the same square to offer a blessing to the faithful at the high point of the Christian calendar.

In the days that followed, about 250,000 mourners came to pay their final respects as his body lay in state inside St. Peter’s Basilica. His coffin was officially sealed on Friday night in a liturgical rite led by the Cardinal Camerlengo Kevin Farrell, the acting head of the church.

As daylight gleams off the massive travertine columns of St. Peter’s Square on Saturday morning, the funeral Mass will open with the chant, sung in Latin: “Eternal rest grant unto him, O Lord, and let perpetual light shine upon him.”

A Bible reading will be given in English, and a “Prayer of the Faithful” will be offered up in multiple other languages, including French, Arabic, Portuguese, Polish, German and for the first time, Mandarin, fitting for a pope who sought to reach out to followers in all parts of the globe.

In keeping with tradition, the Mass will include a homily and communion and end with a final commendation and farewell. Francis approved the order of the day for Saturday back in June 2024.

But other elements of the day will be pared back, as Francis had sought to “simplify and adapt” proceedings, so that the papal funeral is “that of a pastor and disciple of Christ, and not of a powerful person in this world,” according to Vatican officials.

Francis, who chose his name in honor of St. Francis of Assisi, with his commitment to poverty, peace and nature, also wanted to reflect his own dedication to the homeless and disadvantaged in the day’s events.

He believed “the poor have a privileged place in the heart of God,” a Holy See statement said. “For this reason, a group of poor and needy people will be present on the steps leading to the papal Basilica di Santa Maria Maggiore to pay their last respects to Pope Francis before the burial of his coffin.”

They will be the last members of the public to see his wooden coffin, after it’s driven slowly through the streets of Rome – past tourist highlights like the Piazza Venezia and the ancient Colosseum – in his final procession.

Francis will become the first pope in more than three centuries to be buried at Santa Maria Maggiore, with the interment taking place away from the public eye.

He was a pope of many firsts – the first Latin American Pontiff, the first of the Jesuit order and the first modern-day pope born outside of Europe.

Elected in 2013 as an outsider candidate from Argentina, Francis went on to usher in progressive reforms, including the promotion of women’s roles in the church.

But his 12-year leadership was not without criticism. He took some important steps to address the Catholic Church’s clerical sexual abuse scandals, but campaigners and survivors say there is still much more to do.

Divisions within the Church over same-sex relationships also persisted throughout his papacy. When asked about his position on sexual orientation, the pope famously said, “Who am I to judge?” but also reaffirmed the Church’s position that homosexuality is considered sinful.

And his record was disparaged by some of the more conservative cardinals and members of the Church.

Francis issued a rebuke of the Trump administration’s immigration policy earlier this year, and criticized Vice President JD Vance’s use of theology to defend its approach. Vance was one of the last people to meet with the pope, in a brief encounter on Easter Sunday.

The next pope will be chosen by cardinals from around the world in conclave, a closed-door process that may see a battle play out between those who want to continue Pope Francis’ progressive path and those who want to reverse it.

“He made some good changes in the Church. I think the Church is now more open,” said Laura Grund, from Leipzig, Germany, who was among the last people to see the late pope lying in state. “He opened many doors.”

“He was a very simple man, who loved other people,” said Sister Luisa, a nun from Munich. “We feel very blessed, but also deep sorrow.”

This post appeared first on cnn.com

Lost dogs rarely capture international attention but for several weeks the world has watched and waited for updates on the search for Valerie, a miniature dachshund missing in the Australian wilderness.

Then on Friday night, after 529 days roaming Kangaroo Island, off South Australia, the tiny dog with a pink collar was finally cornered, and the internet erupted with rare joy.

“Valerie has been safely rescued and is fit and well,” Kangala Wildlife Rescue announced on its Facebook group on Friday night to a flurry of likes and shares.

Key to her rescue was a smelly T-shirt worn by her owner in 12-hour shifts that was ripped up and used as a scent trail to attract her to an enclosure, Kangala directors Jared and Lisa Karran said in a video posted to Facebook.

“We were able to rip little strips off of it, and we started the process of just adding more and more bits towards the trap site as we went along,” said Lisa Karran.

Karran wore the owner’s now “tatty” T-shirt while sitting in the cage, and eventually the rogue sausage dog dropped her defenses and approached her rescuers.

“She came up, would sniff us and we’d just go by her cues, until she was completely calm and snuggled up in our laps. It was amazing,” Karran said.

Valerie vanished during a camping holiday with her owners Josh Fishlock and Georgia Gardner, November 2023. When strangers tried to help, she fled into the undergrowth, and her owners eventually gave up and returned home to the mainland.

With no sightings it was assumed Valerie had met her match with a snake or perhaps a giant Rosenberg’s goanna, reptiles up to 1.5 meters long that occupy the island.

Then reports of multiple sightings started to spread. Could it be that Valerie was alive?

A massive search operation swung into action led by volunteers from the Kangala Wildlife Rescue, a non-profit group set up in 2020 following the devastating Australian bushfires.

“We are using surveillance and various trapping and luring methods in the area she was last seen to try and bring her home. This is a tiny dog in a huge area, and we will need help from the public to report any sightings and a lot of luck,” the group announced on Facebook.

When bad weather compromised the 4G cameras they’d set up to monitor her movements, a call went out for a portable Starlink system. “Message Elon on X. I bet he would help,” someone suggested. Thankfully, an offer came from closer to home.

Some suggested using heat-seeking drones to find her, others recommended roast chicken.

Not all followers have been supportive. Some accused the charity of prolonging the search to raise extra money through appeals for donations. A member of the group responded that they were doing their best to find her.

Part of the problem, the charity said, was the island’s vibrant ecosystem.

“One of the reasons this is such a difficult rescue and not as easy as just baiting and setting traps, is due to the fact we are constantly competing with hundreds of wildlife like possums, wallabies, kangaroos, goannas and feral cats. All which are all just after a feed also,” the group posted on Facebook.

Home to around 5,000 people, the island is about 45-minute trip by ferry from the mainland. Tourists go there to see Australian native wildlife, but officials have long had a problem controlling introduced species including feral cats. The island is thick with bush, and there are many places for a small dog to hide.

The Kangala rescuers put out food boxes and a pen was set up with toys from home. A remote-controlled trapping device was procured, and then they waited.

By Friday, Valerie’s adventure was over.

After the gate to the enclosure closed behind her, Valerie looked around for an exit, the rescuers said. After a few anxious moments, she did what any lost dog might do after realizing the game was up.

“She actually went into her crate, the one that was set up to look like the one at home, and she went and had a sleep,” said Jared Karran.

Valerie is now “decompressing,” Karran said, and will be returned to her owners for a more sedate life on the mainland.

This post appeared first on cnn.com

One victim had recently returned home after decades working abroad to enjoy a retirement filled with travel and family time; another hoped the trip into the beauty of Indian-administered Kashmir would cheer the spirits of his semi-paralyzed wife.

Both men were among 26 tourists shot dead by militants this week in a massacre that has ripped open old wounds between India and its neighbor Pakistan, tipping them a step closer to military escalation.

Both countries claim Kashmir in its entirety, but each control only part. They have fought three wars over the territory – which is famous for its dramatic mountains and lush meadows – since their independence from Britain in 1947.

A bloody, decades-long insurgency in India’s part of the region has killed tens of thousands, waged by militant groups demanding either independence or a merger with Pakistan.

India says those groups are supported by Pakistan, which Islamabad denies.

Tuesday’s attack – during which men were singled out and gunned down from close range, according to survivors’ testimony – was the latest in a list of bloody incidents to stain the region.

Balachandran Menonparambil feels as though he’s lost his “right hand,” after his friend of six decades Ramachandran Narayanamenon was killed in the attack.

Having spent decades working in Qatar, Narayanamenon “looked forward to a life of retirement,” according to his friend, who described him as “a happy man,” caring and reliable.

“He was on a trip with his wife Shiela, daughter Aarti, and two grandchildren and was looking forward to enjoying himself with his grandchildren,” said the 70-year-old.

He recalled how “excited” Narayanamenon, 69, sounded in their last call before he boarded the flight to Kashmir on Monday.

A day later, Menonparambil was told that his friend was dead.

“I was watching TV and they began to show what was happening in Kashmir… so I called him, but he did not pick up,” he said.

He then reached out to Narayanamenon’s son Arvind, who told him that “Dad is gone.”

He said people came up to offer condolences to him at the cremation. “Everybody was asking me what I will do, only half of me is working now. I told them he is there with me in my heart,” he said.

Other survivors speaking to local media said the gunmen accused some of the victims of supporting Indian Prime Minister Narendra Modi.

In 2019, Modi’s Hindu-nationalist government stripped Muslim-majority Kashmir of its previous autonomy, sparking protests.

After Tuesday’s massacre, New Delhi swiftly pointed the finger at Pakistan, downgrading ties and suspending its participation in a crucial water-sharing treaty. Pakistan has denied involvement and said any attempt to stop or divert water belonging to it would be considered an act of war.

All three men, described as “loving fathers” and family breadwinners, came from just outside the megacity of Mumbai. They had taken the trip to Pahalgam together, according to Kadam.

Sanjay and Hemant were both accountants working for small private firms, while Atul worked for the Indian Railways, he said.

For the Leles, Kadam said, the trip was long planned. His sister-in-law suffers from a form of paralysis on the left side of her body that means she walks with difficulty.

“They had been planning this trip for a while but because of her health issues… it had gotten postponed. Once her health was doing better, they finally all lined up their schedules and managed to go,” he said.

“Lele told his wife that if you won’t go, none of us will go. So she agreed and finally they all went,” said Kadam.

Kadam himself did not go on the trip, but later traveled to Kashmir to help bring the shell-shocked survivors from his family back home.

The holidaying family bought food from a stall not long before the attack. Unaccustomed to the realities of the restive region, they initially mistook the sound of gunfire for fireworks, Kadam said, but were warned to take shelter by locals who sensed danger.

All three men were shot shortly after, he said. A bullet grazed his 20-year-old nephew Harshal’s hand.

It took almost four hours for disabled Kavita to struggle down the hill to safety, he said.

He said the families have taken hope from protests in India demanding justice for the victims and their families.

Still, their lives have been changed forever.

“This is not something that can end,” he said.

“We have to now live with this.”

This post appeared first on cnn.com

If you’re like most options traders, you’ve probably stared at your watchlist or portfolio and wondered, “What’s the best trade I can make right now?” Well, we’ve got great news: your trading workflow just got a serious upgrade.

Thanks to the latest integration between StockCharts.com and OptionsPlay, the OptionsPlay Strategy Center now lets you scan real-time options strategies directly from your ChartLists. That’s right—your long-term holdings, sector watchlists, or technical scan results can now feed straight into a personalized options engine that does the heavy lifting for you.

Let’s break it all down—how it works, what strategies it supports, and how to squeeze the most juice out of this awesome new feature.

Step-by-Step: How It Works

1. Launch the OptionsPlay Strategy Center. Head over to your Dashboard in StockCharts.com and click the OptionsPlay Strategy Center button (you’ll find it at the top). This kicks off your deep dive into the Trade Ideas and ChartLists.

2. Pick your ChartList from the Dropdown menu. Choose from any of your saved lists. These could be:

  • Long-term holdings
  • Growth stock watchlist
  • Sector-specific lists
  • Any list where you want to compare options strategies to find the highest performing options strategies, personalized to your trading and risk preferences.

3. View Real-Time Strategy Rankings

Here’s where the magic happens. For each symbol in your list, OptionsPlay will:

  • Evaluate the optimal strategy based on market conditions
  • Rank it by Strategy Score, Risk/Reward, and Probability
  • Give you the full risk analytics: Max Risk & Reward, Probability of Profit, IV Rank, Earnings Dates, etc.

4. Customize Based on Your Preferences

Want only spreads? Prefer shorter expirations? Looking for bullish setups?

You can customize strategies using the built-in settings:

  • Choose your preferred strategy types. Covered calls, credit spreads, debit spreads, etc.
  • Adjust your risk tolerance or Days to Expiration (DTE) window.
  • Filter for bullish, bearish, or neutral trade setups.

5. Dive Deeper or Trade It

Launch the OptionsPlay Strategy Center in SharpCharts or ACP to explore the trade structure, or export your results to enter them with your broker.

Real-World Use Cases

Income Strategy on Holdings

Got a list of stocks you already own? Use the Strategy Explorer to scan for Covered Calls or Short Puts that offer the best combo of yield and downside protection.

Directional Setups on ChartLists

Have a ChartList generated based on your custom-built scan? Run your technical trade ideas through the Strategy Explorer and identify the highest-yielding Bullish Debit Spreads or Bearish Credit Spreads, aligned with your technical views.

The OptionsPlay Strategy Center is no longer just a tool for trade ideas—it’s a fully personalized trading engine. Whether you’re a portfolio-focused investor or an active options trader, this feature cuts hours off your research and puts hours of professional-grade options research in front of you.

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Launch the OptionsPlay Strategy Center and pick a ChartList to explore personalized strategies on your stocks, in real time.


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This week will be the biggest week of earnings season and yes, all eyes will be on the heavy-hitters: META, AMZN, MSFT, and AAPL. These names dominate headlines, and their charts are practically seared into our brains.

But let’s look at some solid companies that might fly under the radar but deserve some attention.

First Up, Coca-Cola Co. (KO)

KO shares have been a safe haven and steady gainer during these uncertain times. Shares are up over 15.5% year-to-date as the consumer staple giant and Warren Buffett’s favorite stock outperforms the overall market.

However, coming into this week’s earnings release, momentum seems to be fizzling out. Shares of rival PepsiCo. (PEP) missed the mark and traded lower. The biggest component of the Consumer Staples Select Sector SPDR ETF (XLP), Procter & Gamble (PG), also fell after mixed results.

Last week, investors shifted back into Technology and Consumer Discretionary and away from Consumer Staples. Shares of KO also fell as a result and now sit at an interesting level heading into its earnings release.

FIGURE 1. DAILY CHART OF COCA COLA CO. Note the saucer pattern.

Technically, shares had formed one of my favorite reversal patterns over the last year—a saucer bottom. This saucer bottom did not resolve to the upside and got faked out on “Liberation Day”. That drop quickly reversed as shares again tried to break out from this pattern. Yet again, they are struggling to do so as momentum wanes.

The safe trade in KO has lost momentum on each rally, as seen in the lower highs of its relative strength index (RSI). This bearish divergence is cause for concern as price hits a crossroads into earnings.

The upside move may be limited for now, and shares could retreat to between $67 and $70. After last quarter’s report, shares broke out to the upside and climbed higher. It will be critical for the bulls to see shares stay above $71/$72 for a continuation of this recent run.

For now, the stock has fallen flat, and if the rotation back into tech continues, it may take time for KO to take another leg higher.

Next Up, Visa, Inc. (V)

V has been another outperformer relative to its sector and the overall market. Shares are up 6.1% year-to-date and 22% over the last 52 weeks.

What should investors watch for in Tuesday’s report? Consumer spending, especially in travel and dining—areas where Visa often sees the most activity. Have investors changed their tune given tariff uncertainty and potential price swings, or have they rushed to spend due to any potential increases?

FIGURE 2. DAILY CHART OF VISA, INC. The stock is holding key support level but is making lower highs.

Technically, we are looking at a two-year daily chart to show the longer-term uptrend. That helps us put the recent weakness in perspective. Shares have declined 17% from their peak, but the sell-off was mostly orderly and took shares back to their rising 200-day moving average.

Shares were able to hold that key support area but have consistently made lower highs since its February peak. It also sits at its 50-day moving average, which is also starting to turn over. So things are at a near-term crossroads.

Clearly, earnings will be the catalyst to help shares make their next move. The moving average convergence/divergence (MACD) has triggered a buy signal and reached its lowest levels in two years. That is a positive development and could lead to an upswing that breaks the recent trend and gets shares back on a path to new highs.

Last, But Not Least, Intercontinental Exchange Group (ICE)

ICE, the parent company of the NYSE, has benefited from market volatility and expanding trading volumes. Shares are up 6.1% year-to-date and over 21% over the last 52-weeks.

FIGURE 3. DAILY CHART OF ICE. The stock price may face some headwinds, but a break above $167 will be positive for the stock.

Shares had been on a tear before mid-March. Then the market turned and took ICE shares with it. However, the sell-off took shares to critical technical levels where they held. The stock closed under its 200-day moving average for six days on its last trip below the level. Ironically, it did the same thing in early January and then rallied.

Now that the big test of the long-term uptrend was successful again, we head into earnings hoping it can build from this level. A risk/reward set-up is quite favorable if we use a level just under the 200-day for a stop loss.

The upside has minor challenges as well, but the path of least resistance looks higher. Any gap or rally over $167 should lead to a momentum surge higher. Its MACD just triggered a buy signal, and a solid earnings report should take shares to their old highs.

Final Thoughts

While the big tech names will dominate the headlines this week, it’s often the lesser-watched stocks that quietly outperform. KO, Visa, and ICE all have compelling stories and interesting technical setups going into earnings. If you’re looking for opportunities beyond the big tech stocks, these could be worth a closer look.

In this video, Grayson highlights the crucial 5,500 level on the S&P 500 using our “Tactical Timing” chart. He then demonstrates two of the easiest methods for identifying the strongest stocks within key indexes like the S&P 500, NASDAQ 100 and Dow Industrials. He’ll show you how to find leading stocks that are moving higher using the New Highs feature of the Market Summary dashboard. From there, Grayson explores the Index Members page, and explains how to sort by SCTR rankings to quickly pinpoint the strongest stocks within any major index.

This video originally premiered on April 25, 2024. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

You can view previously recorded videos from Grayson at this link.

The S&P 500 index managed to log one of its strongest weeks in 2025. Short-term breadth conditions have improved, and the crucial 5500 level has now been broken to the upside. Are we in the later stages of a countertrend rally, or just in the early innings of a broader recovery for stocks?

Let’s review three key charts together and evaluate the evidence.

Trendline Break Suggests Further Short-Term Strength

My daily chart of the S&P 500 has featured a thick pink trendline since March, when a lower peak around 5800 provided a perfect opportunity to define the downtrend phase. With the quick reversal off the early April low around 4850, the SPX has finally broken back above this trendline.

To be clear, after a breakout of this magnitude, I’m always looking for confirmation from the following day. Will additional buyers come in to push this chart even further to the upside? Assuming that’s the case, then I’m immediately drawn to a confluence of resistance in the 5750-5850 range. The 200-day moving average is currently sitting right around the late March peak, and both of those levels line up well with a price gap back in November 2024.

If the S&P 500 can finally break above that resistance range, I would expect much further upside for risk assets.

Breadth Conditions Confirm Short-Term Market Strength

One of the biggest improvements I’ve seen coming out of the early April low is the upgrade in short-term breadth conditions. The McClellan Oscillator has broken back above the zero level, most days this week saw more advancers than decliners, and the Bullish Percent Index has definitely improved.

In the bottom panel, we can see that the S&P 500 Bullish Percent Index has risen from a low just above 10% at the April low to finish this week at 64%. That confirms that over half of the S&P 500 members generated a point & figure buy signal in the month of April!

But the middle panel shows the real challenge here, in that long-term measures of breadth are still clearly in the bearish range. Just 35% of the S&P 500 stocks are above their 200-day moving average, similar to the S&P 500 and Nasdaq 100. It’s only if this indicator can push above the 50% level that the S&P 500 could stand a real chance of sustainable gains above 5750.

The Stoplight Technique Lays Out a Clear Playbook

I love to overlay a “stoplight” visualization on a chart like this, helping me clarify how I’ll think about risk depending on where the S&P 500 sits at any given point.

I would argue that a confirmed break above resistance at 5500 brings the S&P 500 chart into the “neutral” bucket. In this way, we’re respecting the fact that a rally from 4850 to 5500 is a fairly impressive feat, but also acknowledging that the SPX remains below its most important long-term trend barometer, the 200-day moving average.

If we see further gains in the weeks to come, the SPX may indeed push into the bullish range, which for me would mean a push above 5750-5800. In that scenario, the S&P 500 would be clear of its 200-day moving average, and I would feel much more comfortable adding risk to the portfolio. Until and unless we see that upside follow-through, though, I’ll remain comfortably defensive.

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.

After weeks of uncertainty, the stock market finally gave us something to smile about. The major indexes just wrapped up four straight days of gains, and optimism is starting to creep back in. Could this be the shift we’ve been waiting for?

Let’s break it down.

The big concerns this week were all about tariffs and the potential removal of Fed Chairman Jerome Powell. But markets breathed a sigh of relief when it looked like tensions might ease between the two largest global economies. Plus, Powell staying put at the Fed helped calm some nerves.

In short, the fear factor took a breather, and the bulls took charge.

What Are the Charts Telling Us?

The S&P 500 ($SPX) crossed above the key 5500 level. This isn’t just any number; it’s a major line in the sand. It represents the March low and, if you go further back on the daily chart below, it has been a support and resistance level for previous price action. The purple horizontal line marks the 5,500 level.

FIGURE 1. SIGNS OF A TURNAROUND? The S&P 500 closed above the key 5,500 level, a major breakthrough. Breadth indicators are suggesting expanding bullish participation. Chart source: StockCharts.com. For educational purposes.

Even better, market breadth is improving.

We are also seeing strength across the board:

  • BPI readings for the Nasdaq 100, S&P 100, S&P 500, and Dow Industrials are all above 50%.
  • 10 of the 11 S&P 500 sectors have BPIs above 50%, with Consumer Staples being the only one with a BPI below 50. This is surprising since it was one of the only sectors above 50% not long ago.

Sector Watch: Who’s Leading?

If you’re looking for clues about the market’s next big move, watch sector rotation. Right now, leadership is coming from:

  • Technology
  • Consumer Discretionary
  • Communication Services

These are your classic “risk-on” sectors—if they’re leading, that’s typically a bullish sign.

What About Bonds, Gold, and the Dollar?

Some of the big-picture trends are starting to stabilize, too:

  • Bond yields are dipping, which is helping bond prices recover.
  • Gold pulled back after hitting new highs.
  • The U.S. dollar is showing signs of strength again.
  • And the $VIX—Wall Street’s fear gauge—is finally back below 30.

All small signs, but they add up.

Indicator of the Week: The Zweig Breadth Thrust

One indicator all technical analysts should take note of is the Zweig Breadth Thrust indicator.  It’s a rare signal that flashes when market breadth shifts quickly from bearish to bullish.

The indicator is the 10-day exponential moving average (EMA) of net NYSE advances. The NYSE Breadth Thrust signal fires when the indicator moves from below 0.40 to above 0.615 in 10 days.

The weekly chart below shows that this is the third time the Zweig Breadth Thrust signal was fired in the last five years. The last two times this occurred were in 2023, when the NYSE recovered after dipping below its 40- and 150-week simple moving average (SMA). This time, the index bounced off its 150-week SMA.

FIGURE 2. ZWEIG BREADTH THRUST FIRES A REVERSAL SIGNAL. Previous signals have been followed by bullish moves in the NYSE. Will we see a similar scenario this time? Chart source: StockCharts.com. For educational purposes.The Zweig Breadth Thrust is a bullish reversal signal. Note that each time the signal was fired, the market moved higher. It doesn’t guarantee a bull run, but it’s a green flag.

What’s Coming Next Week?

If this weren’t a headline-driven market, I would be more confident about the possibility of the market moving higher. Next week is packed with potential market-moving headlines.

  • Big Tech earnings
  • Q1 GDP
  • PCE Inflation data (the Fed’s favorite inflation gauge)
  • ISM Manufacturing
  • Non-Farm Payrolls

At the Close

The underlying market conditions are improving and some key signals are flashing green. But, as noted, it’s still a headline-driven market, and that means all the more reason to stay alert. Focus on leading sectors, watch for confirmation in breadth, and keep your investment plan tight.


End-of-Week Wrap-Up

  • S&P 500 up 4.59% on the week, at 5525.21, Dow Jones Industrial Average up 2.48% on the week at 40,113.50; Nasdaq Composite up 6.73% on the week at 17,382.94.
  • $VIX down 16.22% on the week, closing at 24.84.
  • Best performing sector for the week: Technology
  • Worst performing sector for the week: Consumer Staples
  • Top 5 Large Cap SCTR stocks: Palantir Technologies, Inc. (PLTR); Rocket Lab USA, Inc. (RKLB); Robinhood Markets, Inc. (HOOD); Rubrik, Inc. (RBRK); MicroStrategy, Inc. (MSTR)

On the Radar Next Week

  • Earnings season continues with Meta (META), Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), and others reporting
  • March JOLTs Job Openings
  • Q1 GDP Growth Rate
  • March PCE
  • April ISM Manufacturing
  • April Non-Farm Payrolls


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 personal and financial situation, or without consulting a financial professional.