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Thank You!

I’ve been writing at StockCharts.com for nearly 20 years now and many of you have supported my company, EarningsBeats.com, and I certainly want to show my appreciation for all of your loyalty. I believe we’re at a major crossroads in the stock market as the S&P 500 tests the recent price low from earlier in March. I called for a 2025 correction at our MarketVision 2025 event on January 4, 2025, to start the year and now it’s a reality. We decided at that time to add quarterly updates to our MarketVision series and our first update (Q1 update) is being held today at 5:30pm ET. I would like to invite everyone to join EarningsBeats.com and join me later today. We will record the event for those who cannot attend live.

Even if you decide not to join as an EB.com member, I do want to provide you my latest Weekly Market Report that we send out to our members at the start of every week, in addition to our Daily Market Report, which is published Tuesdays through Fridays.

I hope you enjoy!

MarketVision 2025 Q1 Update

Join us for our MarketVision 2025 Q1 update at 5:30pm ET today. This is an exclusive event for our annual members. If you’re already an annual member, room instructions will be sent to you in a separate email.

Not yet an annual member? Save $200 on membership TODAY ONLY. This offer will expire at the start of today’s event, so CLICK HERE for more information and details!

If you recall, on Saturday, January 4, 2025, I provided my annual forecast, which included my belief that we’d see a 10% on the S&P 500. That 10% correction is now in the rear view mirror, but what will happen from here? A lot has changed and we must remain objective as to where we might go. I’ll provide you my latest thoughts on this during today’s event.

I hope to see you at 5:30pm ET!

ChartLists Updated

The following ChartLists were updated over the weekend:

  • Strong Earnings (SECL)
  • Strong Future Earnings (SFECL)
  • Raised Guidance (RGCL)

These ChartLists are available to download into your StockCharts Extra or Pro account, if you have a StockCharts membership. Otherwise, we can send you an Excel file with the stocks included in these ChartLists in order to download them into other platforms. If you have any questions, please reach out to us at “support@earningsbeats.com”.

Weekly Market Recap

Major Indices

Sectors

Top 10 Industries Last Week

Bottom 10 Industries Last Week

Top 10 Stocks – S&P 500/NASDAQ 100

Bottom 10 Stocks – S&P 500/NASDAQ 100

Big Picture

The monthly PPO and monthly RSI are both moving lower now, but remember, we have not ever seen a secular bear market that did not coincide with a negative monthly PPO and a monthly RSI below 40. I believe we’ll see this market weakness end LONG BEFORE we see either of those technical developments on the above chart.

Sustainability Ratios

Here’s the latest look at our key intraday ratios as we follow where the money is traveling on an INTRADAY basis (ignoring gaps):

QQQ:SPY

Relative weakness in the QQQ:SPY, including and excluding gaps, has turned back down in a big way. That’s not what you want to see from a bullish perspective. We must remain on guard for potential short-term downside action, especially if key closing price support at 5521 fails on the S&P 500.

IWM:QQQ

Small caps (IWM) seem to be performing better than the aggressive, Mag 7 led NASDAQ 100, but that’s not saying a lot when you look at the IWM’s absolute performance in the bottom panel. Perhaps we’ll still get the small-cap run that we’ve been looking for over the past year, but it’ll likely need to be accompanied by a much more dovish Fed and with the short-term fed funds rate falling.

XLY:XLP

I mentioned last week that this chart was the biggest positive of the prior week. I suppose I now need to say it’s the biggest negative of last week because it did an abrupt about-face. It appears that the options expiration and oversold bounce we enjoyed for over a week have ended. We haven’t broken back to new relative lows, which would obviously be bearish, but we did back a lot of ground that we had previously made up. The XLY:XLP ratio is one of the most important in the stock market, as far as I’m concerned. Watching it turn back down is not a great feeling, and a new upcoming relative low would only make it worse.

Sentiment

5-day SMA ($CPCE)

Sentiment indicators are contrarian indicators. When they show extreme bullishness, we need to be a bit cautious and when they show extreme pessimism, it could be time to become much more aggressive. Major market bottoms are carved out when pessimism is at its absolute highest level.

When an elevated Cboe Volatility Index ($VIX) sends a signal that we could see pain ahead, which is exactly the message sent recently as the VIX approached 30, I usually turn my attention to a rising 5-day SMA of the equity-only put-call ratio ($CPCE) to help identify market bottoms. Once the stock market turns emotionally and begins to show fear and panic, key price support levels tend to fail, and a high reading in the VIX, combined with a huge reversal on the S&P 500 (think capitulation), usually are typical ingredients to establish a key bottom.

We’re finally starting to see some higher daily CPCE readings, which suggests that options traders are growing much more nervous, and that’s a good thing if we’re going to try to carve out a meaningful market bottom. The last four days have seen readings of 0.65, 0.71, 0.72, and 0.68. That’s not quite high enough to grow more convinced of an impending bottom in stocks, but it’s light years better than what we’ve seen during any other recent market selloffs.

253-day SMA ($CPCE)

We’re coming off an extended run higher in the benchmark S&P 500, where we topped on February 19. The long-term picture with sentiment is much different than it was 1.5 to 2 years ago. Back then, everyone was bearish, leading to an important market bottom and a subsequent rally to new all-time highs. We could use more bearishness in options to set us up for another rally to all-time highs. Based on this chart, we’re not there yet.

Volatility ($VIX)

Here’s the current view of the VIX:

There was one key development in the VIX. From studying the VIX long-term, whenever a top has been reached, and significant selling ensues, the VIX typically spikes into the 20s or 30s before we see some sort of a rebound, like the one we saw recently. When these bounces have been part of bear market counter rallies, the VIX has never dropped below the 16-17 support range. So for those looking for this current correction to morph into a bear market, the hope is absolutely alive and kicking. My interpretation is that bear markets require a certain level of uncertainty and fear. The VIX remaining above that 16-17 level is our proof that the market environment for further selling still exists. In the above chart, the VIX fell to 17 and then quickly reversed and today hit a high of 24.80.

Based on this one signal alone, I cannot rule out further selling ahead and a possible cyclical bear market, as opposed to the much more palatable correction.

Long-Term Trade Setup

Since beginning this Weekly Market Report in September 2023, I’ve discussed the long-term trade candidates below that I really like. Generally, these stocks have excellent long-term track records, and many pay nice dividends that mostly grow every year. Only in specific cases (exceptions) would I consider a long-term entry into a stock that has a poor or limited long-term track record and/or pays no dividends. Below is a quick recap of how I viewed their long-term technical conditions as of one week ago:

  • JPM – nice bounce off the recent 50-week SMA test
  • BA – up more than 20% in less than 2 weeks; 190-192 likely to prove a difficult level to pierce
  • FFIV – 20-week EMA test successful thus far
  • MA – another with a 20-week SMA test holding
  • GS – 10% bounce off its recent 50-week SMA test
  • FDX – lengthy four-month decline finally tested, and held, price support near 220
  • AAPL – weakness has not cleared best price support on the chart at 200 or just below
  • CHRW – testing significant 95 level, where both price and 50-day SMA support reside
  • JBHT – has fallen slightly beneath MAJOR support around 150
  • STX – 85 support continues to hold
  • HSY – did it just print a reverse right shoulder bottom on its weekly chart?
  • DIS – trendless as weekly moving averages are not providing support or resistance
  • MSCI – 3-year uptrend remains in play, though it’s been in a rough 6-7 week stretch
  • SBUX – first critical price test at all-time high near 116 failed miserably; support resides at 85
  • KRE – looking to establish short-term bottom at 55, with 2-year uptrend intact
  • ED – showing strength in March for 9th time in 10 years, moving to new all-time high
  • AJG – continues one of most consistent and dependable uptrends, trading just below all-time high
  • NSC – testing 230 price support as transportation woes continue
  • RHI – has broken recent price support in upper-50s; searching for new bottom with 4.4% dividend yield
  • ADM – struggled again at 20-week EMA, 45 represents a significant test of long-term uptrend
  • BG – approaching 4-year price support at 65 after failed test of declining 20-week EMA
  • CVS – bottom now seems light years away as CVS trades nearly 1-year high
  • IPG – how long can it hold onto multi-year price support at 26?
  • HRL – still bound between price support at 27.50 and 20-week EMA resistance at 30.15
  • DE – still trending above its rising 20-week EMA

Keep in mind that our Weekly Market Reports favor those who are more interested in the long-term market picture. Therefore, the list of stocks above are stocks that we believe are safer (but nothing is ever 100% safe) to own with the long-term in mind. Nearly everything else we do at EarningsBeats.com favors short-term momentum trading, so I wanted to explain what we’re doing with this list and why it’s different.

Also, please keep in mind that I’m not a Registered Investment Advisor (and neither is EarningsBeats.com nor any of its employees) and am only providing (mostly) what I believe to be solid dividend-paying stocks for the long term. Companies periodically go through adjustments, new competition, restructuring, management changes, etc. that can have detrimental long-term impacts. Neither the stock price nor the dividend is ever guaranteed. I simply point out interesting stock candidates for longer-term investors. Do your due diligence and please consult with your financial advisor before making any purchases or sales of securities.

Looking Ahead

Upcoming Earnings

Very few companies will report quarterly results until mid-April. The following list of companies is NOT a list of all companies scheduled to report quarterly earnings, however, just key reports, so please be sure to check for earnings dates of any companies that you own. Any company in BOLD represents a stock in one of our portfolios and the amount in parenthesis represents the market capitalization of each company listed:

  • Monday: None
  • Tuesday: None
  • Wednesday: None
  • Thursday: None
  • Friday: None

Key Economic Reports

  • Monday: March Chicago PMI
  • Tuesday: March PMI manufacturing, March ISM manufacturing, February construction spending, Feb JOLTS
  • Wednesday: March ADP employment report, February factory orders
  • Thursday: Initial jobless claims, March ISM services
  • Friday: March nonfarm payrolls, unemployment rate, average hourly earnings

Historical Data

I’m a true stock market historian. I am absolutely PASSIONATE about studying stock market history to provide us more clues about likely stock market direction and potential sectors/industries/stocks to trade. While I don’t use history as a primary indicator, I’m always very aware of it as a secondary indicator. I love it when history lines up with my technical signals, providing me with much more confidence to make particular trades.

Below you’ll find the next two weeks of historical data and tendencies across the three key indices that I follow most closely:

S&P 500 (since 1950)

  • Mar 31: -7.16%
  • Apr 1: +67.49%
  • Apr 2: +17.08%
  • Apr 3: -0.40%
  • Apr 4: -17.99%
  • Apr 5: +68.25%
  • Apr 6: +45.38%
  • Apr 7: -48.59%
  • Apr 8: +62.64%
  • Apr 9: +60.32%
  • Apr 10: +47.37%
  • Apr 11: -29.33%
  • Apr 12: +63.88%
  • Apr 13: -21.35%

NASDAQ (since 1971)

  • Mar 31: +39.81%
  • Apr 1: +83.56%
  • Apr 2: +18.47%
  • Apr 3: -86.48%
  • Apr 4: -70.46%
  • Apr 5: +112.55%
  • Apr 6: +26.71%
  • Apr 7: -38.23%
  • Apr 8: +44.64%
  • Apr 9: +60.64%
  • Apr 10: +47.74%
  • Apr 11: -51.08%
  • Apr 12: +33.04%
  • Apr 13: -0.08%

Russell 2000 (since 1987)

  • Mar 31: +78.83%
  • Apr 1: +27.91%
  • Apr 2: +18.08%
  • Apr 3: -113.26%
  • Apr 4: -75.19%
  • Apr 5: +101.16
  • Apr 6: +51.29%
  • Apr 7: -90.50%
  • Apr 8: +59.63%
  • Apr 9: +137.22%
  • Apr 10: +5.20%
  • Apr 11: -80.66%
  • Apr 12: +45.00%
  • Apr 13: -37.09%

The S&P 500 data dates back to 1950, while the NASDAQ and Russell 2000 information date back to 1971 and 1987, respectively.

Final Thoughts

As I mentioned last week, I’m sticking with my belief that the S&P 500 ultimate low in 2025 will mark a correction (less than 20% drop) rather than a bear market (more than 20% drop). But a bear market cannot be ruled out. Honestly, I think sentiment ($CPCE) must turn much more bearish. This morning, we had another gap down and early selling and this is beginning to take a toll on options traders as they’re now starting to grow more bearish. As an example, check out this morning’s equity-only put call ratio at Cboe.com:

These Cboe.com readings are very high and show a definite shift in sentiment among options traders. Intense selling pressure and lots of equity puts being traded, relative to equity calls, help to mark bottoms.

Here are a few things to consider in the week ahead:

  • The Rebound. It ended rather quickly last week. I mentioned it’s a rebound until it isn’t. We moved right up to 5782 price resistance on the S&P 500 and the bears took over.
  • The Roll Over. We’re now in rollover mode, but the S&P 500 quickly lost 300 points from 5782 to today’s early low of 5488, which tested key short-term price support from March 13, where we printed a low close of 5521. Can the bulls hold onto support?
  • Nonfarm payrolls. This report will be out on Friday morning and current expectations are for March jobs (131,000) to fall below the February number of 151,000. Also, unemployment is expected to move up slightly from 4.1% to 4.2%. Should any of these numbers come in weaker than expected, the Fed could be in a box and Wall Street could sense it by selling off hard.
  • Sentiment. As I’ve said before, once the VIX moves beyond 20, not many good things happen to stocks. Selling can escalate very quickly as market makers go “on vacation.” Many times, we don’t find a bottom until retail options traders begin buying puts hand over fist. That could be underway right now.
  • Rotation. Rotation led us to where we are now, we need to continue to monitor where the money is going.
  • Seasonality. There is one real positive here. We’re about to move from the “2nd half of Q1”, which historically has produced annualized returns of +5.05% (4 percentage points BELOW the average annual S&P 500 return of +9%), to the “1st half of Q2”, which historically has produced annualized returns of 13.08% (4 percentage points ABOVE the average annual S&P 500 return of +9%). This half-quarter trails only the 1st and 2nd halves of Q4 in terms of half-quarter performance.
  • Manipulation. Yep, it’s starting again, just like it did during 2022’s cyclical bear market, which ultimately marked a critical S&P 500 bottom. We’ve done a ton of research on intraday trading behavior on our key indices, and many market-moving stocks like the Mag 7. Our Excel spreadsheet has been made available to all ANNUAL members, where you can see the manipulation for yourself.

Happy trading!

Tom

You may not know it, but all of the Magnificent Seven stocks are in bear markets. Given they are such an integral part of the major indexes, we have to believe that the market will follow suit and continue lower in its own bear market. The SP500 is in correction territory already.

Given the decline in the market it was especially interesting to see what the condition of the market is right now. Carl gave us his overview of market conditions with a review of the DP Signal Tables and key market indicators.

In the question period of the show, Carl and Erin gave their opinions on NVDA and Bonds in particular.

Erin caught us up on Sector Rotation where we are seeing clear patterns of market rotation from aggressive sectors to defensive sectors. She took a deep dive into key sectors to include Energy and Utilities.

Erin finished up the program taking viewer symbol requests to look for long candidates and determine key support and resistance levels.

01:02 Market Overview

13:45 Magnificent Seven

20:28 Questions

31:00 Sector Rotation & Under the Hood Sector Charts

39:00 Symbol Requests

Don’t forget! We are running a 2-week free trial on any of our products. Just use coupon code: DPTRIAL2 at checkout. Subscribe here: https://www.decisionpoint.com/products.html

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Amazon on Monday released a new AI model that can take actions in a web browser on a user’s behalf, a move that puts it in more direct competition with OpenAI, Anthropic and other companies that have developed the so-called “agents.”

The new model, called Nova Act, is designed to help developers build agents, or AI software that can complete multi-step tasks for users without supervision. Amazon showed Nova Act searching for “apartments by biking distance to the train station” as one example of a task it can complete.

A growing number of companies are building AI agents as they look beyond text and image generators.

Anthropic, the Amazon-backed AI startup founded by ex-OpenAI research executives, released its Computer Use tool in October. The startup said the tool can interpret what’s on a computer screen, select buttons, enter text, navigate websites and execute tasks through any software and real-time internet browsing.

In January, OpenAI released a similar feature called Operator that will automate tasks such as planning vacations, filling out forms, making restaurant reservations and ordering groceries. The Microsoft-backed startup described Operator as “an agent that can go to the web to perform tasks for you.”

OpenAI followed up that release in February with another tool called Deep Research, which allows an AI agent to compile complex research reports and analyze questions and topics of the user’s choice. 

Google launched a similar tool of the same name last December, which acts as a “research assistant, exploring complex topics and compiling reports on your behalf.”

Nova Act is initially launching in research preview for developers, Amazon said. The company is also launching a website that lets users experiment with its Nova AI models.

The release is part of a broader strategy within Amazon to invest heavily in generative AI software. Amazon has introduced a flurry of AI products, including its own set of Nova models, Trainium chips, shopping and health assistants, as well as a marketplace for third-party models called Bedrock. It’s also overhauling Alexa, the digital assistant it launched more than a decade ago, with AI capabilities.

Earlier this month, Amazon’s cloud unit said it’s forming a group dedicated to developing agentic AI that’s being led by longtime Amazon Web Services executive Swami Sivasubramanian. It’s also created an internal team focused on building artificial general intelligence, or AGI, which broadly refers to AI that is as smart or smarter than humans. The team reports directly to Amazon CEO Andy Jassy.

This post appeared first on NBC NEWS

Syria’s new transitional government was sworn in Saturday nearly four months after the Assad family was removed from power and as the new authorities in Damascus work to bring back stability to the war-torn country.

The 23-member Cabinet, which is religiously and ethnically mixed, is the first in the country’s five-year transitional period and replaces the interim government that was formed shortly after Bashar Assad was removed from power in early December.

The Cabinet does not have a prime minister since according to the temporary constitution signed by interim President Ahmad al-Sharaa earlier this month, the government will have a secretary general.

The government that was announced ahead of Eid el-Fitr, the feast that marks the end of the Muslim holy month of Ramadan that starts in Syria on Monday, includes new faces apart from the ministers of foreign affairs and defense. They kept the posts they held in the interim government. Syria’s new Interior Minister Anas Khattab was until recently the head of the intelligence department.

“The formation of a new government today is a declaration of our joint will to build a new state,” al-Sharaa said in a speech marking the formation of the government.

Defense Minister Murhaf Abu Qasra said his main goal will be to build a professional army “from the people and for the people.”

The government did not include members of the US-backed and Kurdish-led Syrian Democratic Forces or the autonomous civil administration in northeast Syria. Al-Sharaa and SDF commander Mazloum Abdi signed a breakthrough deal earlier this month in Damascus on a nationwide ceasefire and the merging of the US-backed force into the Syrian army.

Among the new ministers whose names were announced late Saturday night were Hind Kabawat, a Christian activist who was opposed to Assad since the conflict began in March 2011. Kabawat was named minister of minister of social affairs and labor.

Another minister is Raed Saleh, who for years headed the Syrian Civil Defense, also known as White Helmets, and was named minister for emergency disasters. A Damascus-based Syrian Kurd, Mohammed Terko was named minister of education.

Mohammed al-Bashir, who has headed Syria’s interim government since Assad’s fall, was named minister of energy whose main mission will be to restore the electricity and oil sectors that were badly damaged during the conflict.

The new government’s main mission is to try to end the war and bring stability to the country that witnessed clashes and revenge killings earlier this month in the coastal region that is home to members of the minority Alawite sect. The violence left more than 1,000 people, mostly Alawites, dead. Assad is an Alawite.

Most of Syria’s insurgent groups now running the country are Sunnis, but the presence of members of minority sects, including one woman and members of minority sects including an Alawite, is a message from al-Sharaa to Western countries that have been demanding that women and minorities be part of Syria’s political process.

The announcement of a religiously mixed government aims to try to convince Western countries to lift crippling economic sanctions that were imposed on Assad more than a decade ago. The UN says that 90% of Syrians are below the poverty line, while millions face cuts in food aid as a result of the war.

Hours before the government was announced, the US State Department cautioned U.S. citizens of the increased possibility of attacks during the Eid el-Fitr holiday, which it said could target embassies, international organizations and Syrian public institutions in Damascus. It added that methods of attack could include, but are not limited to, individual attackers, armed gunmen, or the use of explosive devices.

This post appeared first on cnn.com

A South Korean man tending a family grave is suspected of sparking one of the record wildfires that ravaged the southeastern part of the country last week, the National Police Agency said on Monday.

The multiple fires, which left 30 people dead and thousands of structures – including a centuries-old Buddhist temple – destroyed, were described as unprecedented in South Korea.

Police said the man, who is in his 50s, was booked in connection with the fires. In South Korea, a booking is not an arrest but rather indicates the man’s information was collected for the investigation.

He was looking after a family grave on a hill in Uiseong County, North Gyeonsang province, on March 22 when he was suspected of igniting a blaze amid windy conditions, police said.

Tending to family or ancestral graves is common in South Korea, especially during the spring and autumn months, and similar traditions exist across East and Southeast Asia.

The fires, which burned about 48,000 hectares in total, had been extinguished by Monday, the Korea Forest Service said in a statement.

More than 3,100 people were evacuated to 114 shelters due to the fires, and five areas – Uiseong, Andong, Cheongsong, Yeongyang, and Yeongdeok – have been declared special disaster zones, the service said.

South Korea’s military deployed approximately 7,500 ground troops and more than 420 helicopters, including four from US Forces Korea, to help in the wildfire fight, according to the Defense Ministry.

More than 10,000 firefighters, police and civil servants were deployed to multiple areas in the south last week since dozens of blazes broke out.

Among the casualties were civil servants dispatched to fight the wildfire. Many of the civilians killed were age 60 or older, including some who struggled to escape quickly or others who did not want to evacuate. A pilot was also killed when his helicopter crashed.

The 1,300-year-old Gounsa temple in Uiseong County, a major Buddhist landmark, was among the dozens of buildings that have burned to the ground with its ceremonial bell the only piece appearing somewhat intact, according to photos from the Jogye Order of Korean Buddhism.

Some of the artifacts that were in the historic site, including the seated stone Buddha designated a treasure by the state, were spared from the fire as they were relocated to other temples ahead of the approaching blazes, it added.

Han Duck-soo, South Korea’s prime minister and acting president, said the fires were the worst the country has seen in recent years and had caused “unprecedented damage.”

Wildfires are caused by a tangle of factors but as the climate crisis escalates, it’s fueling the hot and dry weather that helps fires burn faster and more intensely.

Unusually warm spring temperatures in South Korea dried out the landscape and, combined with strong winds, set the stage for fast moving fires to eat through the region’s dense forest.

This year alone, 244 wildfires have been reported in South Korea, 2.4 times higher than the same period last year, according to Han.

This post appeared first on cnn.com

The prime minister of Greenland pushed back Sunday against assertions by U.S. President Donald Trump that America will take control of the island territory.

Greenland, a huge, resource-rich island in the Atlantic, is a self-governing territory of Denmark, a NATO ally of the United States. Trump wants to annex the territory, claiming it’s needed for national security purposes.

“President Trump says that the United States ‘will get Greenland.’ Let me be clear: The United States will not get it. We do not belong to anyone else. We decide our own future,” Jens-Frederik Nielsen said in a Facebook post.

Nielsen’s post comes a day after the U.S. president told NBC News that military force wasn’t off the table with regard to acquiring Greenland.

In Saturday’s interview, Trump allowed that “I think there’s a good possibility that we could do it without military force.”

“This is world peace, this is international security,” he said, but added: “I don’t take anything off the table.”

Greenland’s residents and politicians have reacted with anger to Trump’s repeated suggestions, with Danish leaders also pushing back.

Trump also said “I don’t care,” when asked in the NBC interview what message this would send to Russian President Vladimir Putin, who has invaded Ukraine and annexed several of its provinces in defiance of international law.

This post appeared first on cnn.com

The bodies of more than a dozen aid workers have been recovered in southern Gaza from what a United Nations agency described as a “mass grave,” a week after they went missing following attacks by Israeli forces.

Eight of the 14 bodies recovered Sunday from the site in the southern Rafah area were identified as members of the Palestine Red Crescent Society (PRCS), five as civil defense, and one as a UN agency employee, PRCS said in a statement. One PRCS medic remains missing.

Last week, PRCS said nine of its emergency medical technicians had been missing since March 23 following an incident in which Israeli forces fired on ambulances and fire trucks in southern Rafah.

In response to the initial incident, the Israeli military said it had fired on the ambulances and fire trucks because they were being used as cover by Hamas and Palestinian Islamic Jihad militants.

Aid organizations and the UN have expressed outrage over the attacks, which the International Federation of Red Cross and Red Crescent said were the “single most deadly” for IFRC workers in almost a decade.

“This massacre of our team is a tragedy not only for us at the Palestine Red Crescent Society, but also for humanitarian work and humanity,” PCRS said in its statement, calling the targeting of its medics “a war crime” punishable under international law.

The attacks come amid Israel’s renewed assault on the enclave and as its complete blockade of humanitarian aid nears the one-month mark.

Buried beneath the sand

OCHA, the UN’s Office for the Coordination of Humanitarian Affairs, said the bodies were recovered after a “complex, week-long rescue operation” that involved using bulldozers and heavy machinery to unearth the victims and their battered vehicles from under sand.

“Health workers should never be a target. And yet, we’re here today, digging up a mass grave of first responders and paramedics,” Jonathan Whittall, the head of UNOCHA in the occupied Palestinian territories, said from the site.

Video shared by the UNOCHA showed a bulldozer digging through dirt and moving debris as emergency responders used shovels to reach the victims. Several bodies were seen being pulled from sand, some wearing PRCS vests and showing signs of decomposition.

Early information indicates the first team of aid workers dispatched to the area were killed by Israeli forces on March 23 and other emergency aid crews were struck over the following several hours as they searched for their missing colleagues, UNOCHA said.

“One by one, they were hit, they were struck, their bodies were gathered and buried,” Whittall said. “We’re digging them out in their uniforms, with their gloves on.”

Ambulances, as well as UN and civil defense vehicles, were found crushed and buried under the sand, Whittall added, accusing Israeli forces of trying to cover up the scene.

According to the PRCS, their aid workers were dispatched to Rafah’s Al-Hashashin area on March 23 to respond to Israeli attacks when they came under assault.

“Israeli forces besieged the area, leading to (the) complete loss of communication with our teams,” PRCS said.

Hours later, Gaza’s Civil Defense said that six of its staff also went missing after being dispatched to the same area following what it described as a “sudden incursion by the Israeli occupation forces, the killing and injuring of dozens, and the besieging” of PRCS vehicles.

It said it had “eliminated” a number of Hamas and Islamic Jihad militants by firing on the vehicles and condemned what it claimed was “the repeated use of civilian infrastructure by the terrorist organizations in the Gaza Strip, including the use of medical facilities and ambulances for terrorist purposes.”

The news also follows Israel’s decision before the ceasefire collapsed to block humanitarian aid from entering the enclave, in what it described as a move to pressure Hamas into accepting new terms for an extension of the ceasefire rather than proceed with phase two of the truce.

UNOCHA and aid groups accuse Israel of violating international law by blocking the flow of aid into Gaza and of using starvation as a weapon of war. The same organizations have accused Israel of restricting or creating hurdles to the entry of aid throughout the war.

‘Health services must be protected’

International aid and humanitarian organizations have repeatedly condemned the Israeli military’s attacks on medical facilities and personnel.

“Even in the most complex conflict zones, there are rules. These rules of International Humanitarian Law could not be clearer – civilians must be protected; humanitarians must be protected. Health services must be protected,” Jagan Chapagain, Secretary General of the IFRC, said in a statement on Sunday.

Hospitals in Gaza – including Nasser Medical Complex, the enclave’s largest functioning hospital – have seen intense bombardment and raids from Israeli forces accusing the facilities of harboring Hamas operatives.

About 400 aid workers, including teachers, doctors and nurses, have been killed in Israeli attacks in the enclave since October 7, 2023, according to OCHA’s latest update released Tuesday. The PRCS says the number of its staff killed in line of duty by Israeli forces in Gaza since October 2023 has now reached 27.

“The occupation’s targeting of Red Crescent medics … can only be considered a war crime punishable under international humanitarian law, which the occupation continues to violate before the eyes of the entire world,” PCRS said.

Meanwhile, Gaza health officials said the death toll in Gaza since October 7 has surpassed 50,000, marking a grim milestone for a war with no end in sight.

This post appeared first on cnn.com

Seven thousand head of cattle used to roam Ziwa ranch, a 27-square-mile (70-square-kilometer) expanse of grassland in central Uganda. Today, the cattle have gone and grazing in their place are rhinos – the only ones in the country living in their natural habitat.

Not long ago, Uganda used to be home to both the black and northern white species of rhinoceros. But by the early 1980s, due to poaching, trafficking and political turmoil under the dictatorship of Idi Amin, native populations – once thought to number around 700 – were wiped out.

More than a decade later, an initiative to bring back the majestic animals was born, with newly formed charity Rhino Fund Uganda approaching Captain Joseph Charles Roy, former pilot and owner of Ziwa cattle ranch, which they had targeted as prime rhino habitat, with the idea that he should move the herds of cattle out, and rhino in.

Roy – a lover of animals and an aspiring conservationist, according to his daughter – agreed, and in 2005 and 2006, six southern white rhinos were relocated to the ranch; four coming overland from Kenya and two flown over from Disney Animal Kingdom Florida on Roy’s own cargo airline. Numbers of northern white rhinos were so low (today, there are only two left in the world, both females) that the native subspecies could not be reintroduced.

No one fully expected what happened next. The team knew the ranch was an ideal habitat for the species – a mix of swamps, savannah and woodland – but they didn’t envisage the scale of success. Today, there are 48 rhinos at Ziwa, with five born in the last three months. In contrast, a pair of rhinos moved to Uganda’s Wildlife Conservation Education Center, formerly known as Entebbe Zoo, at the same time as the Ziwa rhinos were introduced, and have had no offspring whatsoever.

However, if the birthrate continues, the rhinos will soon outgrow the ranch – begging the question: where will they go, and will they be safe?

Rhino refuge

Wendy Roy, daughter of Captain Roy, has since taken over some of Ziwa’s management in collaboration with the Ugandan Wildlife Authority (UWA). The ranch has lodges for tourists and offers walking safaris to see rhinos, shoebills, leopards, antelopes, warthogs and other wildlife, with the funds generated going back into rhino conservation.

Brought up between the UK and Uganda, she is the first to admit that she was not born a conservationist, but now, as she gets more involved, she is starting to see the magic in it.

“Sometimes in the evenings, when I see the rhinos coming towards HQ, I think, ‘Wow, this looks like the Garden of Eden,’” she says. “It’s incredible: not just rhinos but zebras, antelopes, waterbucks. It’s surreal, it’s peaceful and, of course, you have to respect your environment and be equally as peaceful as the animals.”

Roy believes this serene environment is one of the secrets to Ziwa’s success: “It is just conducive for breeding: they’re not stressed.” Also key are the rangers who provide 24/7 protection. Each rhino family is monitored day in and day out by at least two wardens, while other rangers patrol Ziwa’s perimeter fences. This deters poachers seeking rhino horns for the illegal wildlife trade, and it allows wardens to monitor rhino behavior, gathering detailed data that can be used to inform rhino conservation globally.

Sharif Nsubaga has worked as a ranger at Ziwa for more than 10 years. “Every hour, we record the rhino activities and their behaviors, like feeding, urinating, defecating, resting, eating,” he says, adding that as a result, he has formed a close bond with the rhinos. “I know how each individual behaves: I know that this one is more aggressive, this one is unpredictable.”

His favorite, he confides, is Bella, one of the original rhinos brought over from Kenya who has birthed around seven calves and is now a grandmother. “She is one of the calmest rhinos in the sanctuary,” he says.

Right to roam

It has always been Ziwa’s central mission to breed enough rhinos so that they can be translocated to other areas of the country, such as national parks where rhinos once roamed. But the reality of replicating this stable environment has been a challenge.

Many of the national parks are unfenced and suffer from high levels of poaching from communities living nearby, as well as the encroachment of human settlements and resulting human-wildlife conflict.

The UWA has been preparing Ajai Wildlife Reserve, which was once a stronghold of the white rhino and lies 136 miles (220 kilometers) northwest of Ziwa, for reintroduction since 2021. But there have been several hold-ups, due to a lack of funding, challenges relocating people living within the park boundaries, and a shortage of rangers, says John Makombo, UWA’s conservation director.

Next month, community members who have agreed to compensation will be relocated to new homes outside of the reserve, he says, and in May, UWA will start constructing an electrified enclosure where the rhinos will be kept. He adds that they are already restoring the vegetation to make it a suitable habitat, and have started recruiting rangers, including people from the local community, who will be trained from June onwards.

Those at Ziwa are cautiously optimistic; they have been given dates before that have come and gone. This time however, there is more urgency. Roy estimates that Ziwa has the capacity for around 70 or 80 rhinos, but she adds that they are expecting a new intake of eight individuals from another African country soon, bringing its population to around 60. This new intake is much needed, she says, to diversify the gene pool and maintain a healthy population.

Symbol of stability

Moving rhinos from Ziwa to Uganda’s national parks is an exciting step, says Dr. Gladys Kalema-Zikusoka, a veterinarian who has revolutionized gorilla conservation in Uganda and is founder and CEO of the nonprofit Conservation Through Public Health, but she warns that it needs to be met with solid investment.

However, if the move is successful, the benefits could be significant. Makombo says that if rhinos start reproducing in Ajai, they will look to reintroduce them in Kidepo, Murchison Falls and other national parks across the country. This will not only help to enhance biodiversity, he says, but boost Uganda’s wildlife tourism.

There is also a symbolic importance, says Kalema-Zikusoka. “During the Idi Amin days, the elephants were almost poached to extinction; the rhino, sadly, was actually poached to extinction … By bringing back the rhino, it shows that Uganda is stable again and can look after rhinos in their natural setting, which will be amazing.”

This post appeared first on cnn.com

The key resistance level I’ve been watching on the S&P 500 hasn’t wavered. It’s 5782. The bulls had a real chance this past week to clear this important hurdle and they failed. Badly. If this was a heavyweight fight, the ref would have called it after the first round. It simply wasn’t close. Resistance failed, rotation turned bearish, volatility again expanded, and the bears are celebrating another short-term victory.

Check out this S&P 500 chart:

I’ve written about this to EarningsBeats.com members. I posted this exact chart in my StockCharts.com article a few days ago. I’ve discussed it on my YouTube shows. 5782 is THE key short-term price resistance and you can see above that the S&P 500 literally did an “about face” as soon as it touched this resistance. Sellers were lined up. Now that we’ve failed at 5782, it only makes this resistance level that much more important on any future rallies.

The serious technical damage occurred over the past 3 days as consumer discretionary stocks have been absolutely TROUNCED, while consumer staples hangs near its recent highs. If you recall, it was this HUGE disparity in consumer stocks on February 21st that triggered the massive selling episode. Now here we are again with consumer staples stocks (XLP) outperforming discretionary (XLY) by a mile. Check out this chart:

Doesn’t the action in consumer stocks the past 3 days exactly mirror the action we saw in the 2nd half of February and into the first week of March? Folks, this isn’t good.

This is just the tip of the iceberg.

Bear Market Ahead?

The S&P 500, from its recent all-time high to its subsequent low, fell 10.4%, which marks correction territory. The rally we saw off the March 13th low was likely due to oversold conditions, along with March options expiration. On Tuesday, March 18th, we discussed with our EB.com members that odds favored a short-term rally, based on max pain and we laid out key resistance from 5670 to 5782, with the 20-day EMA falling in the middle of this price range. Once we failed at 5782, it was very important to gauge the nature of any new selloff. That’s what I’ve been evaluating this week and it’s not pretty. As you can see in the chart above, money has once again started rotating into the XLP and out of the XLY. This is one of the most important intermarket relationships and it’s screaming BEARISH ACTION AHEAD!

It’s only one signal, however. I announced a few days ago that we’d be hosting a FREE webinar on Saturday morning, March 29th, at 10:00am ET. I plan to discuss several signals that are pointing to exactly what we saw on Friday – more selling. To get a better handle on current market conditions and where we’re heading, I’d encourage you to join me Saturday morning by REGISTERING HERE. If you can’t make the live webinar, we’ll still send out the recorded video to all who register, so ACT NOW!

And here’s a little secret. Shhhhhhh! Market makers are playing some serious games manipulating some of the biggest stocks. I’ll talk a bit about how we can take advantage of that Saturday morning. Hope to see you there!

Happy trading!

Tom

Myanmar was hit by a powerful 7.7-magnitude earthquake on Friday, with tremors felt across Thailand and in nearby Chinese provinces.

It was the most powerful earthquake to strike Myanmar in over a century, according to the United States Geological Survey, dealing a further blow to the civil war-ravaged country that has been cut off from much of the world since the military junta seized power in 2021.

Rescuers continue the desperate search for survivors after buildings were flattened and scores of people were killed as experts fear the extent of the devastation could take weeks to emerge.

Satellite images reveal the scale of the destruction.

Mahamuni Pagoda in Mandalay, Myanmar Maxar Technologies
Inwa Bridge in Mandalay, Myanmar Maxar Technologies
Buildings in Mandalay, Myanmar Maxar Technologies
Pagodas and an athletic field in Mandalay, Myanmar Maxar Technologies
Pagodas and monastery in Mandalay, Myanmar Maxar Technologies
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