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In this exclusive StockCharts video, Joe revisits a critical ADX signal that gave a major market warning, explaining the pattern and a new low ADX setup to watch. He breaks down SPY and QQQ support zones, sector rotation, and reviews viewer symbol requests including T, WBD, and more. Don’t miss this technical analysis update to stay ahead of the market!

This video was originally published on March 12, 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.

The Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of duping consumers into signing up for its Prime program, citing resource constraints.

Attorneys for the FTC made the request during a status hearing on Wednesday before Judge John Chun in the U.S. District Court for the Western District of Washington. Chun had set a Sept. 22 start date for the trial.

Jonathan Cohen, an attorney for the FTC, asked Chun for a two-month continuance on the case due to staffing and budgetary shortfalls.

The FTC’s request to delay due to staffing constraints comes amid a push by the Trump administration’s Department of Government Efficiency to reduce spending. DOGE, which is led by tech baron Elon Musk, has slashed the federal government’s workforce by more than 62,000 workers in February alone.

“We have lost employees in the agency, in our division and on our case team,” Cohen said.

Chun asked Cohen how the FTC’s situation “will be different in two months” if the agency is “in crisis now, as far as resources.” Cohen responded by saying that he “cannot guarantee if things won’t be even worse.” He pointed to the possibility that the FTC may have to move to another office “unexpectedly,” which could hamper its ability to prepare for the trial.

“But there’s a lot of reason to believe … we may have been through the brunt of it, at least for a little while,” Cohen said.

John Hueston, an attorney for Amazon, disputed Cohen’s request to push back the trial date.

“There has been no showing on this call that the government does not have the resources to proceed to trial with the trial date as presently set,” Hueston said. “What I heard is that they’ve got the whole trial team still intact. Maybe there’s going to be an office move. And by the way, both in government and private sector, I’ve never heard of an office move being more than a few days disruptive.”

The FTC sued Amazon in June 2023, alleging that the online retailer was deceiving millions of customers into signing up for its Prime program and sabotaging their attempts to cancel it.

“Amazon tricked and trapped people into recurring subscriptions without their consent, not only frustrating users but also costing them significant money,” former FTC Chair Lina Khan said at the time.

The FTC has also brought a separate case against Amazon, accusing it of wielding an illegal monopoly, in part by preventing sellers from offering cheaper prices elsewhere through its anti-discounting measures. That case, which the FTC filed in September 2023, is set to go to trial in October 2026.

This post appeared first on NBC NEWS

Greenland’s pro-business Demokraatit opposition party won Tuesday’s closely-watched parliamentary election with 29.9% of the vote, according to official results.

US President Donald Trump’s idea to annex the territory has thrown an international spotlight on the election and raised questions about the island’s future security as the United States, Russia and China vie for influence in the Arctic.

All the dominant parties in Greenland, a Danish autonomous region rich in oil and gas, agree on the desire for independence from Denmark.

Demokraatit takes a slower approach to the question of independence that has loomed over this election, according to Reuters.

The ousted ruling democratic socialist party, Inuit Ataqatigiit, view independence it as a long-term project requiring years of negotiation with Denmark and further economic improvement.

The main opposition party Naleraq – which has campaigned to sever ties with Denmark more quickly and wants to pursue a defense agreement with the US – fell behind in the polls, winning 24.5% of the vote, results showed.

Denmark ruled Greenland as a colony until 1953, when the island achieved greater powers of self-governance. Then, in 2009, it gained more powers pertaining to minerals, policing and courts of law. But Denmark still controls security, defense, foreign and monetary policy. Greenland also benefits from Denmark’s European Union and NATO memberships.

Greenland holds elections every four years, with 31 seats in parliament at stake. With Tuesday’s results, the previous two-party coalition – Inuit Ataqatigiit and the Siumut party – is expected to lose their parliamentary majority, Reuters reported. They won a combined 36.1% of the vote, down from 66.1% in 2021.

Trump rhetoric

In almost every election in recent years, Greenland’s politicians have promised to take steps to achieve autonomy. None of them have offered a concrete timeline, though.

But Trump’s aggressive stance has actually given the Arctic territory more bargaining power with Denmark, analysts say, and kicked the independence movement into high gear.

A poll in January, commissioned by Danish and Greenlandic newspapers, found that 85% of Greenlanders did not want to become part of the US, with nearly half saying Trump’s interest was a threat, Reuters reported.

“I strongly believe that we will very soon start to live a life more based on who we are, based on our culture, based on our own language, and start to make regulations based on us, not based on Denmark,” said Naleraq candidate Qupanuk Olsen, according to Reuters.

While Greenlandic politicians have repeatedly signaled that they’re uninterested in annexation, they are open to deals with the United States for rare earth mining, expanding tourism, stronger diplomatic connections and other investments.

The United States already has a military base in the Arctic Circle in far northwest Greenland.

This post appeared first on cnn.com

An elected leader once dubbed “The Punisher” is on his way to The Hague to face trial for crimes against humanity during a brutal war on drugs, in a breathtaking reversal of fortune for a politician who once openly boasted about killing people and placing opponents on hit lists.

Rodrigo Duterte ran the Philippines for six turbulent years, during which he oversaw a brutal crackdown on drugs, openly threatened critics with death and tongue-lashed a host of global leaders from the Pope to former US President Barack Obama.

A former prosecutor, congressman and mayor, Duterte built his no-holds-bared reputation in the southern Philippine city of Davao. He swept to the presidency in 2016 on a populist – and popular – promise to replicate the hardline tactics of his hometown and wage war against drugs and drug pushers across the Southeast Asian nation.

“All of you who are into drugs, you sons of b**ches, I will really kill you,” he told a huge crowd in one of his many characteristically profane-laced 2016 campaign speeches. “I have no patience, I have no middle ground. Either you kill me or I will kill you idiots.”

Once in power he unleashed what rights groups called “death squads” to eradicate drug pushers – many of the victims young men from impoverished shanty towns, shot by police and rogue gunmen as part of a campaign to target dealers.

Police data said 6,000 people were killed. Some rights groups say the death toll could be as high as 30,000 with innocents and bystanders often caught in the crossfire.

Duterte’s blood-soaked presidency ended in 2022. Three years later, only 8 policemen had been convicted for 5 of the victims killed in the war on drugs, according to court documents.

The ICC launched an investigation into allegations of “crimes against humanity” committed by Duterte during both his time as national leader and mayor of Davao.

Duterte has long denied the accusations of human rights abuses and contends the drug issue is one for domestic law enforcement. He has repeatedly said he will not kowtow to foreign jurisdiction and taunted the ICC, urging prosecutors to “hurry up” and move on him.

Two days before his arrest, he slammed the ICC in a typically fiery speech to supporters in Hong Kong.

“From my own news, I have a warrant…from the ICC or something… these motherf***ers have been chasing me for a long time. What did I do wrong ?” he said.

A sudden arrest

But the tide had suddenly turned. Authorities were waiting for Duterte to return from Hong Kong, and arrested him at the main airport in Manila, sparking chaotic scenes.

As the news filtered out, many were left in shock.

Some flocked to churches in the majority Catholic country to attend impromptu mass to commemorate the thousands of victims of his drug war, seeing the move as a first step towards overdue justice.

And just before midnight, Duterte was back on a plane – this time bound for the Netherlands what appeared to be a stunning end to stormy and violent stint at the top of Philippine politics.

Why now?

The arrest likely owes more to Duterte being on the wrong side of a feud between two of the Philippine’s most high-profile families than the might of the ICC, which cannot carry out arrests on its own and relies on the cooperation of national governments to execute warrants

Duterte’s clan was previously in an alliance with the famed Marcos political dynasty, with his daughter his daughter Sara Duterte-Carpio serving as deputy to current President Ferdinand Marcos Jr.

But in recent months the alliance collapsed, descending into public tirades and name-calling.

In October, Duterte-Carpio aired a litany of grievances against the president in a two-hour livestreamed press conference, saying she “wanted to chop his head off.”

Then she said in an online news conference on November 23 that she had contracted an assassin to kill Marcos, his wife and Romualdez if she were killed, a threat she warned wasn’t a joke.

Marcos had said the Philippines will “disengage” from any contact with the ICC, as Manila does not recognize its authority over matters of national sovereignty.

That’s because Duterte withdrew the Philippines from the court in 2019.

But under the ICC’s withdrawal mechanism, the court keeps jurisdiction over crimes committed during the membership period of a state.

But President Marcos said he was obliged to follow Interpol’s request to arrest Duterte.

“Interpol asked for help, and we obliged because we have commitments to the Interpol, which we have to fulfil. If we don’t do that, they will not, they will no longer help us with other cases involving Filipino fugitives abroad,” Marcos said in a late-night presser after the plane carrying Duterte took off.

What comes next?

Carlos Conde, a Philippines researcher for Human Rights Watch (HRW) Conde said Duterte’s swift arrest and removal was a “pleasant surprise” that caught also a lot of people off guard.

“But there is this mixed feeling of joy and hope and anxiety because we do not exactly know where this will end up to what will be the outcome. Will there really be accountability?” said Parong, who is also co-chair of the Philippine Coalition for the ICC (PCICC).

But she cautioned it would be an excruciatingly long road to justice.

“It is time consuming. It will take years before there will be a conviction at the International Criminal Court. The waiting is really difficult for the victims and the families of the victims of the bloody war on drugs.”

What is the ICC?

Located in The Hague in the Netherlands, the ICC investigates and prosecutes individuals for war crimes, crimes against humanity, genocide and crimes of aggression against the territory of its member states, of which there are 125.

Duterte’s arrest and transfer is a significant victory for the body. The court cannot carry out arrests on its own and relies on the cooperation of national governments to execute warrants – which often rests on domestic politics and political will on whether to follow through.

Many of those on its wanted list remain at large, unruffled by the serious charges laid against them.

The court has been rounded on by the United States for seeking the arrests of Israeli Prime Minister Benjamin Netanyahu on charges of war crimes and crimes against humanity for Israel’s military actions in Gaza following Hamas’ October 7, 2023, attack.

The ICC simultaneously sought the arrests of top Hamas leaders, including Yahya Sinwar, who was later killed.

Neither the US nor Israel are members of the ICC.

The court has also issued a warrant for Russian President Vladimir Putin for his invasion of Ukraine, although it is unlikely the warrant will be served any time soon. Putin travelled to ICC member Mongolia last year, but was not arrested.

This post appeared first on cnn.com

Armed groups killed entire families, including women and children, during an outbreak of sectarian violence in Syria last week, the United Nations’ human rights office said on Tuesday.

The bloodshed in the coastal heartland of former ruler Bashar al-Assad saw more than 800 people killed in clashes between armed groups loyal to the toppled dictator and forces loyal to the new Syrian regime, according to a war monitor.

Office of the UN High Commissioner for Human Rights (OHCR) spokesperson Thameen Al-Kheetan said the agency had documented at least 111 killings, though the number was believed to be far higher.

“Some survivors told us that many men were shot dead in front of their families,” Al-Kheetan told a regular press briefing in Geneva, adding that many of the “summary executions” targeted members of the Alawite minority.

The Assad family, which ruled Syria for more than half a century, are members of the minority Shiite Muslim sect, which lives predominantly in Sunni-majority Syria.

Al-Kheetan said the killings “appear to have been carried out on a sectarian basis, in Tartus, Latakia and Hama governorates – reportedly by unidentified armed individuals, members of armed groups allegedly supporting the caretaker authorities’ security forces.”

“In a number of extremely disturbing instances, entire families – including women, children and individuals hors de combat – were killed, with predominantly Alawite cities and villages targeted in particular,” he said.

The United Kingdom-based Syrian Network for Human Rights (SNHR) said on Tuesday that among the 803 killed, “non-state armed groups” loyal to Assad were responsible for the deaths of 383 people, including 172 members of state security forces and 211 civilians.

The men abducted Mousa and he was found five hours later lying in the street with gunshot wounds to his chest and abdomen, the relative said. Mousa died in hospital the next day, they said.

Throughout Assad’s rule, the Alawite sect became increasingly linked, in the eyes of his opponents, to the atrocities committed by his regime during the Syrian civil war.

Interim Syrian President Ahmad al-Sharaa, who once led the al Qaeda-linked group that toppled Assad late last year, has previously promised political equality and representation to the various sects of Syria’s diverse ethnic and religious populations.

The caretaker authorities announced the end of security operations in the coastal areas on March 10, but intermittent clashes continue to be reported.

Sharaa has blamed the violence on the remains of Assad’s forces, claiming they were trying to incite sectarian strife.

On Sunday, Sharaa said his government would hold accountable anyone involved in the deaths of civilians during the heavy fighting. Sharaa had previously described the violence as “expected challenges.”

Syria’s interim government has vowed to form an independent committee to investigate the violence and submit a report to the presidency within 30 days.

This post appeared first on cnn.com

Pakistan’s military have been engaged in a deadly standoff for more than 24 hours with armed militants who hijacked a train and took hostages, in a dramatic escalation of an insurgency that has plagued the region for decades.

The Baloch Liberation Army (BLA), a militant separatist group active in the restive and mineral-rich southwestern Balochistan province, claimed responsibility for the attack.

Around 450 passengers were on the Jaffer Express enroute from Balochistan’s capital Quetta to Peshawar in the north, when militants opened “intense gunfire” as the train traveled through a tunnel early in its journey, according to officials.

By early Wednesday morning, 155 hostages had been rescued and 27 militants killed, according to the security sources, with video showing elderly women, men and children looking pale, frightened – but relieved – as they reunited with their families. It’s unclear how many people are still being held.

At least 10 civilians and members of Pakistan’s security forces had been killed, according to government and railway officials.

The security sources accused the militants of being in contact with handlers in Afghanistan.

Pakistan’s military and government have long accused Afghanistan of providing sanctuary to militant groups, something its Taliban leaders have denied.

Scores of injured hostages have been taken to hospital for treatment, with an effort to rescue those still kidnapped underway.

An evolving insurgency

Tuesday’s kidnapping is an audacious moment for a separatist insurgency who seeks greater political autonomy and economic development in the strategically important and mineral-rich mountainous region.

But it also highlights the ever-deteriorating security situation there – one that Pakistan’s government has been grappling with for decades.

Balochistan’s population – made up mostly of the ethnic Baloch group – is deeply disenfranchised, impoverished, and has been growing increasingly alienated from the federal government by decades of policies widely seen as discriminatory.

An insurgency there has been ongoing for decades but has gained traction in recent years since the province’s deep-water Gwadar port was leased to China, the jewel in the crown of Beijing’s “Belt and Road” infrastructure push in Pakistan.

The port, often touted as “the next Dubai,” has become a security nightmare with persistent bombings of vehicles carrying Chinese workers, resulting in many deaths.

Some analysts said Tuesday’s attack marked an escalation in the sophistication of attacks by the insurgents.

The “larger point that the Pakistani state is not grasping … is that it’s not business as usual anymore,” said Abdul Basit, a Senior Associate Fellow at the S. Rajaratnam School of International Studies in Singapore.

“The insurgency has evolved both in its strategy and scale,” he added, saying Pakistan’s approach to tackle the Baloch militants’ “seem to have run its course.”

“Instead of revising its counterproductive policies, it is persisting with them, resulting in recurrent security and intelligence failures,” Basit said.

The BLA has been responsible for the deadliest attacks in Pakistan in the past year.

A suicide bombing by the BLA at a train station in Quetta killed more than two dozen people last November. The previous month, it claimed responsibility for an attack on a convoy of Chinese engineers, resulting in two deaths.

In the wake of Tuesday’s attack, Pakistan’s Prime Minister Shehbaz Sharif vowed to “continue to fight against the monster of terrorism until it is completely eradicated from the country.”

In a statement, he said the “terrorists’ targeting of innocent passengers during the peaceful and blessed month of Ramadan is a clear reflection that these terrorists have no connection with the religion of Islam, Pakistan and Balochistan.”

Analysts say such attacks need urgent attention from the federal government.

“(Tuesday’s attack) has gained global attention and it will worry China, which has its investments in the province – more than any other state,” said Basit. “A major reset of existing security paradigm is required in Balochistan.”

This post appeared first on cnn.com

The captain of the Solong cargo ship who was arrested after crashing into a US-flagged tanker off the English coast is a Russian national, the vessel’s owner said Wednesday, as maritime experts search for answers.

The Solong careered into the Stena Immaculate while it was at anchor in the North Sea and carrying huge amounts of jet fuel for the US military, setting fire to both vessels and prompting emergency rescue efforts by the British coastguard.

British police have since opened a criminal investigation into the crash and arrested a 59-year-old man on suspicion of gross negligence manslaughter.

The rest of the crew are a mix of Russians and Filipinos, the spokesperson added.

Martyn Boyers, chief executive of the nearby Port of Grimsby East, had expressed disbelief that such a crash could have happened, given the sophistication of modern shipping technology.

The Portuguese-flagged Solong was still burning more than a day on from the crash, while the fire on the Stena Immaculate was put out earlier Tuesday.

A missing crew member from the Solong is presumed dead, according to Britain’s maritime minister Mike Kane, after a search and rescue operation was called off late Monday.

The cargo ship’s other 13 crew members were rescued, along with the full 23-person crew of the Stena Immaculate, Kane said.

The Stena Immaculate, which is managed by the United States logistics firm Crowley, is part of a fleet of 10 tankers involved in a US government program to supply its military with fuel. The Department of Defense’s “Tanker Security Program,” according to Crowley, “ensures a commercial fleet can readily transport liquid fuel supplies in times of need.”

This post appeared first on cnn.com

In this video, Dave analyzes the bearish rotation in his Market Trend Model, highlighting the S&P 500 breakdown below the 200-day moving average and its downside potential. He also identifies five strong stocks with bullish technical setups despite market weakness. Watch now for key technical analysis insights to navigate this volatile market!

This video originally premiered on March 10, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

The S&P 500 ($SPX), Nasdaq Composite ($COMPQ), and DJIA ($INDU) are trading below their 200-day simple moving averages (SMAs). It doesn’t paint an optimistic picture, but the reality is that the stock market’s price action is more unpredictable than usual.

When President Trump imposed an additional 25% tariff on steel and aluminum imports from Canada, the stock market sold off. However, the selloff eased in afternoon trading, when there was a narrative shift in the tariff and Ukraine/Russia tensions front. But that changed towards the end of Tuesday’s close, with the broader indexes closing lower.

Navigating a headline-driven market is challenging. The Cboe Volatility Index ($VIX), the market’s fear gauge, eased a little on Tuesday, but has risen relatively steeply since February 21. All investors should monitor this closely, especially in a market that fluctuates several times on any given trading day.

Percentage Performance

It’s also important not to lose sight of the bigger picture. From a percentage performance point of view, how much damage has been done? To answer this question, it helps to view a PerfChart of the three broader indexes, S&P 500, Nasdaq, and Dow (see chart below).

FIGURE 1. ONE-YEAR PERFORMANCE OF S&P500, DOW JONES INDUSTRIAL AVERAGE, AND NASDAQ COMPOSITE. All three indexes are displaying weakening performance, but are still in positive territory.Chart source: StockCharts.com. For educational purposes.

Over the last year, the performance of the three indexes is in positive territory. The Dow is the weakest of the three, with a 6.87% gain. During the April 2024 low, performance was negative, but during the August low, the Dow skirted the zero level but was able to hang on. Given the trend in the performance of all three indexes is pointing lower, investors should be cautious when it comes to making decisions.

Value Performance

The daily chart of any of the three indexes is bleak. The one that looks the bleakest is probably the tech-heavy Nasdaq. Tech stocks have taken a beating of late, and the Nasdaq has been trading below its 200-day SMA for a few days (see chart below).

The bottom panel displays the percentage of Nasdaq stocks trading below their 200-day SMA. As you can see, it’s below 30%, which indicates an oversold level. There are no signs of reversal on this chart. In August, when the Nasdaq slipped below its 200-day SMA, it quickly recovered.

On Wednesday morning, investors will be tuned in to the February CPI data. Be sure to save the PerfChart in Figure 1 and the chart of the Nasdaq Composite in Figure 2 to your ChartLists. Click on the charts to see the live chart. Monitor them closely, since we’re likely to see a seesawing stock market for a while.

Closing Position

Note that when viewing a PerfChart, you can also compare the performance of different sectors or industry groups in addition to the broader indexes. All you have to do is change the symbols on the chart. If you see confirmed signals of a reversal in any asset class or group, it may be time to reevaluate your portfolio allocations.


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.

If you receive more Social Security benefits than you are owed, you may face a 100% default withholding rate from your monthly checks once a new policy goes into effect.

The change announced last week by the Social Security Administration marks a reversal from a 10% default withholding rate that was put in place last year after some beneficiaries received letters demanding immediate repayments for sums that were sometimes tens of thousands of dollars.

The discrepancy — called overpayments — happens when Social Security beneficiaries receive more money than they are owed.

The erroneous payment amounts may occur when beneficiaries fail to report to the Social Security Administration changes in their circumstances that may affect their benefits, according to a 2024 Congressional Research Service report. Overpayments can also happen if the agency does not process the information promptly or due to errors in the way data was entered, how a policy was applied or in the administrative process, according to the report.

The Social Security Administration paid about $6.5 billion in retirement and disability benefit overpayments in fiscal year 2022, which represents 0.5% of total benefits paid, the Congressional Research Service said in its 2024 report. The agency also paid about $4.6 billion in overpayments for Supplemental Security Income, or SSI, benefits in that year, or about 8% of total benefits paid.

The Social Security Administration recovered about $4.9 billion in Social Security and SSI overpayments in fiscal year 2023. However, the agency had about $23 billion in uncollected overpayments at the end of the 2023 fiscal year, according to the Congressional Research Service.

By defaulting to a 100% withholding rate for overpayments, the Social Security Administration said it may recover about $7 billion in the next decade. 

“We have the significant responsibility to be good stewards of the trust funds for the American people,” Lee Dudek, acting commissioner of the Social Security Administration, said in a statement. “It is our duty to revise the overpayment repayment policy back to full withholding, as it was during the Obama administration and first Trump administration, to properly safeguard taxpayer funds.”

The new 100% withholding rate will apply to new overpayments of Social Security benefits, according to the agency. The withholding rate for SSI overpayments will remain at 10%.

Social Security beneficiaries who are overpaid benefits after March 27 will automatically be subject to the new 100% withholding rate.

Individuals affected will have the right to appeal both the overpayment decision and the amount, according to the agency. They may also ask for a waiver of the overpayment, if either they cannot afford to pay the money back or if they believe they are not at fault. While an initial appeal or waiver is pending, the agency will not require repayment.

Beneficiaries who cannot afford to fully repay the Social Security Administration may also request a lower recovery rate either by calling the agency or visiting their local office.

For beneficiaries who had an overpayment before March 27, the withholding rate will stay the same and no action is required, the agency said.

The new overpayment policy goes into effect about one year after former Social Security Commissioner Martin O’Malley implemented a 10% default withholding rate.

The change was prompted by financial struggles some beneficiaries faced in repaying large sums to the Social Security Administration.

At a March 2024 Senate committee hearing, O’Malley called the policy of intercepting 100% of a benefit check “clawback cruelty.”

At the same hearing, Sen. Raphael Warnock, D-Georgia, recalled how one constituent who was overpaid $58,000 could not afford to pay her rent after the Social Security Administration reduced her monthly checks.

Following the Social Security Administration’s announcement that it will return to 100% as the default withholding rate, the National Committee to Preserve Social Security and Medicare said it is concerned the agency may be more susceptible to overpayment errors as it cuts staff.

“This action, ostensibly taken to cut costs at SSA, needlessly punishes beneficiaries who receive overpayment notices — usually through no fault of their own,” the National Committee to Preserve Social Security and Medicare, an advocacy organization, said in a statement.

This post appeared first on NBC NEWS