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The first batch of individuals jailed in the landmark Hong Kong national security trial of “47 democrats” accused of conspiracy to commit subversion was freed on Tuesday after being behind bars for more than four years.

Four former pro-democracy lawmakers, including Claudia Mo, Kwok Ka-ki, Jeremy Tam and Gary Fan were driven away from three separate prisons across Hong Kong around dawn. Security was tight with patrols of police officers, and access to some roads to the prisons restricted for hours beforehand.

A Reuters witness outside the maximum security Stanley Prison, where Kwok and Tam were held, was told by a police officer they had left.

Vehicles were also seen leaving the more remote Shek Pik Prison on Lantau Island and a women’s correctional institution at Lo Wu close to the border with mainland China.

Police blocked access to two roads leading to the entrance of Shek Kip Prison, so media could only stand on a bridge next to a reservoir overlooking the ocean-facing facility.

Fan, speaking to the press when he arrived at his home early on Tuesday, said: “I will go back home and reunite with family. Thank you Hong Kongers.”

Philip Bowring, Mo’s husband, said she was calm on her return home and needed time to rest, local media reported.

Since large and sustained pro-democracy protests erupted in Hong Kong for most of 2019, China has cracked down on the democratic opposition as well as liberal civil society and media outlets under sweeping national security laws.

The 47 pro-democracy campaigners were arrested and charged in early 2021 with conspiracy to commit subversion under a Beijing-imposed national law which carried sentences of up to life in prison.

Forty-five of these were convicted following a marathon trial, with sentences of up to 10 years. Only two were acquitted.

All four had been denied bail since being charged and were remanded in custody for nearly two years before the trial kicked off in early 2023. All four had pleaded guilty, and were sentenced to four years and two months imprisonment.

Mo, Kwok and Tam were former members of the Civic Party, once one of Hong Kong’s leading pro-democracy parties, which was disbanded in early 2024 amid the national security crackdown.

Mo resigned from the Civic Party in 2016 and founded the localist group HK First with Fan of the Neo Democrats.

The democrats were found guilty of organizing an unofficial “primary election” in 2020 to select candidates for a legislative election. Prosecutors accused the activists of plotting to paralyze the government by engaging in potentially disruptive acts had they been elected.

Western governments including the US called the trial politically motivated and had demanded the democrats be freed.

Hong Kong and Beijing, however, say all are equal under the national security laws and the democrats received a fair trial.

This post appeared first on cnn.com

A cardinal convicted of financial crimes by the Vatican said Tuesday he will not take part in the secret conclave to elect the new pope.

Cardinal Giovanni Angelo Becciu, once one of the most powerful figures in the Vatican, was ordered by Pope Francis in 2020 to resign the “rights and privileges” of a cardinal after he became embroiled in a Vatican financial scandal.

Following the pope’s death last week, Becciu launched an appeal in support of his right to be in the conclave, but on Tuesday, he issued a statement announcing he was formally pulling out. “I have decided to obey, as I have always done, Pope Francis’ will not to enter the Conclave while remaining convinced of my innocence,” he said.

Cardinals have chosen May 7 as the date to start conclave and elect a new leader for 1.4 billion Catholics around the world, the Vatican announced Monday.

Becciu’s decision to withdraw from the conclave comes just seven days after he told a Sardinian newspaper that “there was no explicit will to exclude me from the conclave nor a request for my explicit renunciation in writing.”

The Sardinian cardinal previously held the position of “sostituto” (“substitute”) in the Holy See’s Secretariat of State – a papal chief of staff equivalent. The role offered Becciu walk-in privileges to see the pope and he commanded huge authority across the church’s central government. He was later moved to a position running the Vatican’s saint-making department.

Becciu was convicted of embezzlement and fraud in 2023 and handed a five-and-a-half-year jail sentence. He is the first cardinal to be convicted by the Vatican’s criminal court.

But the cardinal, who has always maintained his innocence, launched an appeal that’s currently still under consideration. He’s allowed to continue to live in a Vatican apartment while this process is underway.

This post appeared first on cnn.com

The trial of a woman accused of murdering three elderly people after allegedly serving them a lunch of poisonous mushrooms began in Australia on Tuesday, as additional charges of the attempted murder of her husband were dropped by prosecutors.

Erin Patterson is charged with the 2023 murders of her mother-in-law Gail Patterson, father-in-law Donald Patterson and Gail’s sister Heather Wilkinson, along with the attempted murder of Ian Wilkinson, Heather’s husband, in a case that has gripped Australia.

All four became ill after the lunch hosted by the accused at her home in Leongatha, a town of around 6,000 people some 135 kilometers (84 miles) from Melbourne.

Prosecutors allege the mushrooms were served to the victims as part of a beef Wellington.

Fifteen jurors were selected on Tuesday at the Latrobe Valley Magistrates’ Court in nearby Morwell, with the opening arguments expected to begin on Wednesday morning.

Charges regarding the attempted murder of the accused’s husband, Simon Patterson, have been dropped by prosecutors, Justice Christopher Beale told the court on Tuesday.

“Those charges have been dropped and you must put them out of your mind,” he told the jury.

Erin Patterson has pleaded not guilty to all charges.

The case has generated huge interest both in Australia and internationally, with the six seats in the courtroom reserved for media allocated in a daily ballot. Dozens more are expected to watch proceedings in an overflow room set up at the court.

State broadcaster ABC is producing a daily podcast during the trial, which is expected to run for five to six weeks, while streaming service Stan has commissioned a documentary on what it says is “one of the highest profile criminal cases in recent history.”

This post appeared first on cnn.com

Real Estate and Healthcare Swapping Positions in Top 5

The top five sectors show remarkable stability, with Consumer Staples, Utilities, Financials, and Communication Services holding steady in the top four positions. The only change is Real Estate replacing Health Care, a shift that underscores the ongoing defensive tilt in the market. In the bottom half of the ranking, Materials and Consumer Discretionary swapped positions.

  1. (1) Consumer Staples – (XLP)
  2. (2) Utilities – (XLU)
  3. (3) Financials – (XLF)
  4. (4) Communication Services – (XLC)
  5. (6) Real-Estate – (XLRE)*
  6. (5) Healthcare – (XLV)*
  7. (7) Industrials – (XLI)
  8. (9) Materials – (XLB)*
  9. (8) Consumer Discretionary – (XLY)*
  10. (10) Energy – (XLE)
  11. (11) Technology – (XLK)

Weekly RRG

Looking at the weekly Relative Rotation Graph (RRG), we observe ongoing strength in Consumer Staples and Utilities. Both sectors are advancing further into the leading quadrant and continue to gain on the RS ratio axis.

Real Estate is also making a notable move deeper into the leading quadrant. Financials and Communication Services are positioned on the brink of the weakening quadrant. However, they are still sustaining elevated RS ratio levels, which keeps them securely in the top five — at least for now.

Daily RRG

  • Consumer Staples and Utilities: Both reside within the weakening quadrant, but at high RS ratio levels. This combination, along with their strength on the weekly RRG, keeps them well inside the top five.
  • Communication Services: Moved into the lagging quadrant but with a very short tail close to the benchmark. This positioning allows it to remain in the top five — for now.
  • Financials: Similar to Communication Services, close to the benchmark with a slightly longer tail but not showing significant loss of relative strength.
  • Real Estate: Made a significant move, pushing into the leading quadrant on the daily RRG, combining with its strong weekly tail to secure its spot in the top five.

Consumer Staples

The Consumer Staples sector remains range-bound on the weekly chart, causing relative strength to stabilize. With RRG lines at high levels, we might see some consolidation in the coming week — definitely something to keep an eye on.

Financials

Financials are picking up steam again, closing in the upper half of last week’s bar. This price strength is helping the relative strength line remain well within its rising channel. If the sector can maintain this momentum, it’s likely to stay among the top performers.

Utilities

Utilities are trading within their sideways channel, continuing to push relative strength against (or just above) resistance. This strength is keeping the RRG lines above 100. However, imho, we’ll need to see more relative strength in the coming weeks to keep Utilities at the top of the list.

Communication Services

Communication Services had a strong week, closing at the top of its range against former support, now acting as resistance. Based on the price chart, we might expect some resistance and difficulty for the sector to move higher this week. Despite this, the relative strength line remains within its rising channel, albeit losing some relative momentum at high RS ratio levels — not concerning at this time.

Real Estate

Real Estate — the new entrant in the top five — is benefiting from a strong bounce off the $36 low two weeks ago. It’s now starting to push relative strength higher, although not yet extremely strong. The RS momentum line is beginning to roll over while dragging the RS ratio higher.

For now, the combination of daily and weekly relative strength has been enough to displace Health Care and secure Real Estate’s spot in the top five.

Portfolio Performance

The defensive positioning of our portfolio has put a dent in performance relative to the broader market. We’re now trailing the S&P 500 by almost 3%. However, we’ve seen over the past few weeks that these differences can equalize rapidly when the market moves in the direction of the portfolio. So, I’m not too concerned at the moment — it’s all part of the ebb and flow of market dynamics.

#StayAlert and have a great week –Julius


Today, Carl and Erin made a big announcement! They are retiring at the end of June so today was the last free DecisionPoint Trading Room. It has been our pleasure educating you over the years and your participation in the trading room has been fantastic! Be sure and sign up to follow the DecisionPoint Blog on StockCharts.com where we do plan to publish articles periodically. (Subscribers: you will be notified via email as to how your subscription will be handled. Stay tuned.)

After the big announcement, Carl opened the show with the DP Signal Tables to give us a sense as to the market’s overall trend and condition.

Carl then went through his regular market overview that included Bitcoin, Bonds, Yields, Crude Oil, Gold, Gold Miners and the Dollar.

Once finished with the market overview, Carl walked us through the Magnificent Seven in the short and intermediate terms by looking at both the daily and weekly charts.

The pair took questions including a discussion on relative strength using the Silver Cross Index and Golden Cross Index.

Erin took the controls and went through the 26 indexes, sectors and industry groups that have under the hood indicators. She walked us through the CandleGlance and explained her findings along the way.

Questions popped up again with Carl discussing his strategy of using dividend paying stocks in retirement. He mentioned the Dividend Aristocrats and Dividend Kings lists as a great source to find good dividends. Also a shout out to The Bahnsen Group ETF (TBG).

Erin finished by looking at viewer symbol requests.

It has been a great run learning and teaching about technical analysis. Thank you again for your support over the years!

01:10 DP Signal Tables

03:48 Market Overview

16:18 Magnificent Seven

22:53 Questions (Relative Strength with Silver Cross and Golden Cross Indexes)

29:18 Sector Rotation and Market CandleGlance

34:57 Question regarding dividend paying stocks

39:51 Symbol Requests


Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin


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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.


Helpful DecisionPoint Links:

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Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules


“60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show’s executive producer who resigned last week, saying on the air that “none of us is happy” about the extra supervision that corporate leaders are imposing.

Pelley made his comments at the end of the evening’s CBS News telecast, saying that in quitting, Owens proved he was the right person for the job.

“It was hard on him and it was hard on us,” Pelley said. “But he did it for us — and you.”

His on-air statement was an unusual peek behind the scenes at the sort of inner turmoil that viewers seldom get the opportunity to see.

Owens, only the third top executive in the 57-year history of television’s most influential newscast, resigned last week, saying he no longer felt he had the independence to run the program as he had in the past, and felt necessary.

CBS News’ parent company, Paramount Global, is in the midst of a merger with Skydance Media that needs the approval of the Trump administration. Trump has sued “60 Minutes” for $20 billion, saying it unfairly edited a Kamala Harris interview last fall to her advantage. Owens and others at “60 Minutes” believe they did nothing wrong and have opposed a settlement.

As a result, Pelley explained to viewers on Sunday, Paramount has begun to supervise “60 Minutes” stories in new ways. Former CBS News President Susan Zirinsky, a longtime news producer, has reportedly been asked to look at the show’s stories before they air.

“None of our stories has been blocked,” Pelley said. “But Bill felt he lost the independence that honest journalism requires. No one here is happy about it. But in resigning, Bill proved he was the right person to lead ‘60 Minutes’ all along.”

Despite this, “60 Minutes” has done tough stories about the Trump administration almost every week since the inauguration in January, many of them reported by Pelley. On Sunday, “60 Minutes” correspondent Sharyn Alfonsi had the latest, interviewing scientists about cutbacks at the National Institutes for Health.

Trump was particularly angered by the show’s telecast two weeks ago, saying on social media that CBS News should “pay a big price” for going after him.

This post appeared first on NBC NEWS

MADISON, Wis. — Early voting kicked off in this battleground state this week with computer delays and long lines.

Voters waited as long as three hours Tuesday to cast ballots in West Bend, a city of about 32,000, city clerk Jilline Dobratz said. State computer issues reared up again Wednesday, and by midafternoon, voters had to wait about 90 minutes to vote in the community 40 miles northwest of Milwaukee, she said. Residents were not used to anything like it.

This post appeared first on washingtonpost.com

A former deputy Palm Beach County sheriff who fled to Moscow and became one of the Kremlin’s most prolific propagandists is working directly with Russian military intelligence to pump out deepfakes and circulate misinformation that targets Vice President Kamala Harris’s campaign, according to Russian documents obtained by a European intelligence service and reviewed by The Washington Post.

This post appeared first on washingtonpost.com

Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night.

The day before, a Republican operative in the battleground state falsely suggested to his nearly 58,000 followers on X that no one lived at the monastery and that mail ballots cast from there would be “illegal votes.” Cliff Maloney, who hired 120 people to go door-to-door across Pennsylvania urging Republican voters to return their mail ballots, wrote on X that one of those workers had “discovered” an Erie address where 53 people were registered to vote but “NO ONE lives there.”

This post appeared first on washingtonpost.com

DULUTH, Ga. — Former Fox News host Tucker Carlson warmed up the crowd at Donald Trump’s rally here Wednesday night with a dark metaphor, bashing Vice President Kamala Harris and declaring that “dad” was coming home to mete out discipline.

“He’s pissed!” Carlson said to extended cheers. “Dad is pissed. … And when dad gets home, you know what he says? ‘You’ve been a bad girl. You’ve been a bad little girl, and you’re getting a vigorous spanking right now.’”

This post appeared first on washingtonpost.com