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While the U.S. military has been conducting strikes against Iran-backed Houthi rebels, President Donald Trump and his White House have been engaging in a battle of their own, defending leaked texts detailing war plans about those very strikes in Yemen. 

This week, the Trump administration has fielded a litany of questions and criticism after the Atlantic published a story detailing how administration officials used a Signal group chat to discuss strikes in Yemen, and accidentally added a journalist to the group.  

The group chats included White House leaders, including Vice President JD Vance and National Security Advisor Mike Waltz, as well as other administration officials including Secretary of Defense Pete Hegseth. Additionally, the chat included Atlantic editor-in-chief, Jeffrey Goldberg. 

While the White House said that classified information was not shared via the encrypted messaging service, the Atlantic published the full exchange of messages Wednesday. The messages included certain attack details, including specific aircraft and times of the strikes. 

White House Press Secretary Karoline Leavitt maintained Wednesday no classified information was shared. 

‘We have said all along that no classified material was sent on this messaging thread,’ Leavitt told reporters. ‘There were no locations, no sources or methods revealed, and there were certainly no war plans discussed.’

Meanwhile, the episode has prompted backlash from lawmakers. Senate Armed Service Committee leaders Sen. Roger Wicker, R-Miss., and Jack Reed, D-R.I., said they are requesting an inspector general investigation into the use of the Signal app and as a classified briefing with a top administration official on the matter. 

Additionally, several lawmakers including Rep. Raja Krishnamoorthi, D-Ill., from the House Intelligence Committee have called for Hegseth’s resignation.

Here’s what also happened this week: 

Trump pardons Devon Archer

Trump issued a pardon Tuesday for Devon Archer, former first son Hunter Biden’s prior business associate, who was convicted in 2018 for defrauding a Native American tribe in a plot to issue and sell fraudulent tribal bonds.

Archer faced a sentence of more than a year in prison, but his conviction was overturned before later being reinstated in 2020. His appeal to the Supreme Court was rejected, and so his prison sentence was up in the air prior to the pardon. 

‘Many people have asked me to do this,’ Trump said Tuesday ahead of signing the pardon. ‘They think he was treated very unfairly. And I looked at the records, studied the records. And he was a victim of a crime, as far as I’m concerned. So we’re going to undo that. … Congratulations, Devon.’ 

Declassification of Crossfire Hurricane Russia investigation docs

Trump signed an executive order Tuesday directing the FBI to immediately declassify files concerning the Crossfire Hurricane investigation, the agency probe launched in 2016 that sought information on whether Trump campaign members colluded with Russia during the presidential race. 

After signing the order, Trump said that now the media can review previously withheld files pertaining to the investigation — although he cast doubt on whether many journalists would do so.

 

‘You probably won’t bother because you’re not going to like what you see,’ Trump said. ‘But this was total weaponization. It’s a disgrace. It should have never happened in this country. But now you’ll be able to see for yourselves. All declassified.’

The FBI on July 31, 2016, opened a counterintelligence investigation into whether Trump, then a presidential candidate, or members of his campaign were colluding or coordinating with Russia to influence the 2016 election. That investigation was referred to inside the bureau as ‘Crossfire Hurricane.’

The extensive probe yielded no evidence of criminal conspiracy or coordination between the Trump campaign and Russia.

Vance visits Greenland

Vance and second lady Usha Vance, along with National Security Advisor Mike Waltz, visited Pituffik Space Base in Greenland Friday, the Department of Defense’s northernmost military installation. The base is home to the Space Force’s 821st Space Base Group to conduct missile warning, missile defense and space surveillance operations.

The Trump administration is seeking to acquire Greenland for national security purposes, and has accused Denmark of neglecting Greenland. 

But leaders in Denmark and Greenland remain unequivocally opposed to Greenland becoming part of the U.S., although Greenland’s prime minister has called for independence from Copenhagen. 

Meanwhile, Denmark has come under scrutiny for its treatment of indigenous people from Greenland. A group of indigenous women from Greenland sued the Danish government in May 2024 and accused Danish health officials of fitting them with intrauterine devices without their knowledge between the 1960s and 1970s. 

Denmark and Greenland launched an investigation into the matter in 2022, and the report is expected for release this year.

The Associated Press and Fox News’ Emma Colton and Brooke Singman contributed to this report. 

This post appeared first on FOX NEWS

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Mark Twain’s famous advice to ‘buy land, they aren’t making it anymore’ couldn’t have found a more receptive audience than President Donald Trump, a real estate man at heart who covets a certain piece of property to our north.

Vice President JD Vance and Second Lady Usha traveled to the Island nation this week, visiting a U.S. Space Force base, in the firmest message yet that Trump means business when he says he wants to make Greenland part of America.

Notice that when Trump talks about foreign countries he almost always references the properties he owns there, a golf course in Scotland or a hotel in Dubai. He’s not merely boasting. He’s saying that he has skin in the game and therefore understands the country.

This is not a president who puts much store in intangible multilateral defense agreements that allow the United States to pay for the protection of Danish Greenland. No, he wants the land, not some complicated leasing agreement.

And is it such a crazy notion? We are the nation that pushed Lewis and Clark across the Rockies. We have acquired Alaska and Hawaii, Guam and all the little micro-islands nobody has been to.

The last time the United States grew in territory was in 1947 with the addition of the Marshall Islands and some others, but these last 78 years have been an outlier. Prior to that, America’s appetite for land was almost insatiable. 

So why not Greenland?

The only reason that Greenland is Danish to begin with is that 1,000 years ago some Vikings bumped into it. Since then it’s been too cold for anyone else to bother with it.

And while it ultimately should be up to the Greenlandic people to decide their sovereignty, that is not the only consideration in a world where control of the Arctic could mean control of the globe.

Trump’s interests, which is to say America’s interests, may well be best served by possessing the strategic nation.

More than anything else, what is standing in the way of a big beautiful deal to buy Greenland, something the United States tried to do after occupying and protecting the large island in World War II while Denmark was under German rule, is the post-Cold-War order of the past 40 years.

Under the neo-liberal bromides of leaders with good hair, the West, led by the U.S., came to view newly-minted borders in Europe and elsewhere as sacrosanct, fixed as the firmament, immovable, which runs counter to all of human history, including America’s. 

It kind of worked for a while. There has been no third world war, but even by the mid-1990s, the former Yugoslavia was descending into violent chaos, there is no peace in the Middle East, and Russia has spent decades redrawing its border with Ukraine in blood.

To Trump, and to many Americans who think like him, if countries like Russia are expanding, if China has an eye towards doing so, then we cannot sit on the sidelines, especially if the defense of the free world is conducted on our dime.

In chess, the early 20th century saw the emergence of the hyper-modern style in which the conventional wisdom that pawns must physically occupy the all-important center of the board was tossed aside in favor of powerful pieces controlling the center from a distance.

But unlike chess, geopolitics does not have a firm and discrete set of rules. So one can see why Trump prefers the idea of physically holding space, rather than allowing it to be protected by a vague collection of Western interests.

Because we have been conditioned by the post-Cold War order, it sounds strange when Trump refers to borders as ‘artificial lines.’ But it’s absolutely true: Borders are negotiated, and you might even think of them as a kind of real estate deal.

Nobody wants to go to war over Greenland, but that is no reason not to pitch this deal to the 57,000 people who live there. America has a lot to offer, and maybe Trump can make them an offer too good to refuse.

In any event, as Americans we should not be shocked by or shy about the idea of expanding our territory. It’s not just what Trump has always done, it’s in America’s DNA. 

This post appeared first on FOX NEWS

As federal judges exceed records with an onslaught of nationwide orders blocking President Donald Trump’s orders, some have revisited how each was confirmed, and whether Republicans could have foreseen their rulings or done anything more to block them. 

Sen. Josh Hawley, R-Mo., a member of the powerful Senate Judiciary Committee, told Fox News Digital in an interview, ‘This is why I think I voted against every Biden judge.’

He acknowledged that many of the judges in question were confirmed before his time, given he was first elected in 2018. 

‘People said to me, ‘Why don’t you ever vote for any of Biden’s judges?” he said. ‘This is why.’

‘Because if they’re not faithful to the rule of law, then you can bet they’ll just be looking for opportunities to intervene politically.’

Since Trump entered office, he has faced a slew of nationwide injunctions to halt actions of his administration, which exponentially outweighs the number his predecessors saw. So far in his new term, the courts have hit him with roughly 15 wide-ranging orders, more than former Presidents George W. Bush, Barack Obama and Joe Biden received during their entire tenures. 

Some of those who have ordered the Trump administration to halt certain actions are U.S. District Judges James Boasberg, Amir Ali, Loren AliKhan, William Alsup, Deborah Boardman, John Coughenour, Paul A. Engelmayer, Amy Berman Jackson, Angel Kelley, Brendan A. Hurson, Royce Lamberth, Joseph Laplante, John McConnell and Leo Sorokin. There are 94 districts in the U.S. and at least one district court in each state. These courts are where cases are first heard before potentially being appealed to higher courts. 

Several of these judges were confirmed in the Senate in a bipartisan manner, and some even prevailed with no opposition. There were others who were opposed by every Republican senator. 

One of the most controversial judges, Boasberg, known for blocking a key immigration action by the Trump administration, was confirmed by a roll call vote after being nominated by Obama in 2011. The vote was 96-0 and no Republicans opposed him. 

Former Trump attorney Jim Trusty told Fox News Digital, ‘I don’t think the Republicans ever expected quite the onslaught of lawfare that we’ve seen when President Trump is in office.’

‘The activist nature of some federal district court judges – issuing nationwide injunctions against the Executive Branch on a minute’s notice – is unfortunate and puts pressure on appellate courts, including SCOTUS, to fix these problems,’ he explained.

However, he said the real problem is ‘an army of lawyers’ who he said are trying to ‘bend and twist legal principles.’

‘They are spending their days devoted to stopping President Trump’s agenda even if it means siding with Venezuelan gang members who illegally entered the US,’ Trusty claimed. 

Andy McCarthy, a former assistant U.S. attorney and a Fox News contributor, told Fox News Digital, ‘Republicans could have done a much better job blocking Biden’s judicial appointments.’

He pointed to Biden’s recent time as a lame-duck president, specifically referring to nominees that ‘squeaked by’ due to Republican absences. 

‘Biden’s nominees were very radical and should have been opposed as vigorously as possible,’ he said. ‘These are lifetime appointments and the progressives filling these slots will be a thorn in the nation’s side for decades.’

However, former Deputy Assistant Attorney General John Yoo, made a point of saying, ‘There was no way to know how they would rule in future cases like these.’ 

He argued that senators can conduct their due diligence to the best of their abilities, but they can’t see into the future. 

‘The Senate has the right to reject nominees whom it thinks will interpret the Constitution incorrectly, but nominees also have an obligation not to promise how they might rule on cases once they join the bench,’ Yoo said. 

Thomas Jipping, senior legal fellow with the Edwin Meese III Center for Legal and Judicial Studies at the Heritage Foundation, noted to Fox News Digital that senators ‘can’t use the filibuster to defeat the judge,’ which makes blocking controversial nominees even more difficult. 

‘The only way to actually defeat someone’s confirmation is to have the majority of the votes,’ he explained. ‘If Republicans are in the minority, there has to be at least a few Democrats voting against the Democratic nominee to defeat someone.’

Fox News Digital reached out to former Republican Senate Leader Mitch McConnell, R-Ky., and Senate Judiciary Committee Chairman Chuck Grassley, R-Iowa, to comment on how these judges were able to get confirmed. 

The senators were asked if they were still happy with how the judges were confirmed and their individual votes. They were also asked whether there was anything alarming in the judges’ records and if Republicans did enough to block certain confirmations. 

McConnell’s office pointed Fox News Digital to comments he made over the legislative recess at a press conference in Kentucky. 

‘The way to look at all of these reorganization efforts by the Administration is what’s legal and what isn’t… they’ll be defined in the courts,’ he told reporters in response to the legality of potentially shutting down the Department of Education. ‘I can understand the desire to reduce government spending. Every Administration – some not quite as bold as this one – have tried to do that in one way or another. This is a different approach… and the courts will ultimately decide whether the president has the authority to take these various steps. Some may have different outcomes, I’m just going to wait – like all of us in effect are going to wait, and see whether this is permissible or not.’

Grassley’s office pointed to a previous statement from the senator’s spokesperson, Clare Slattery. 

‘The recent surge of sweeping decisions by district judges merits serious scrutiny. The Senate Judiciary Committee will be closely examining this topic in a hearing and exploring potential legislative solutions in the weeks ahead,’ she said. 

The committee has notably slated a hearing on nationwide injunctions for next week. 

This post appeared first on FOX NEWS

An American woman who had been detained by the Taliban since February has been freed, a source with knowledge of the release told Fox News on Saturday.

American citizen Faye Hall was released on Thursday and received at the Qatari embassy in Kabul. She has been confirmed to be in good health after undergoing a series of medical checks, the source said. Arrangements are currently underway for her return to the United States.

The Taliban agreed to release Hall after President Donald Trump removed multimillion-dollar bounties on senior members of the militant group, according to a report by the Telegraph.

Trump agreed to remove millions of dollars of bounties on three senior members of the Haqqani network, including Sirajuddin Haqqani, the Taliban government’s interior minister, the outlet reported, noting that Washington was offering a $10 million reward for information leading to his capture.

Fox News Digital wasn’t immediately able to confirm the nature of the agreement and has reached out to the White House and the State Department for comment.

Her release was initiated following a court order and with logistical support from Qatar serving in its role as the United States’ protecting power in Afghanistan, the Fox News source said. 

Hall, along with the British couple, Peter Reynolds, 79, his wife Barbie, 75, and their interpreter were arrested on Feb. 1, the outlet reported. 

The Associated Press previously reported that the British couple ran education programs in Afghanistan via Rebuild, an organization that provides education and training programs for businesses, government agencies, educational organizations and nongovernmental groups. 

The Sunday Times said one project was for mothers and children. The Taliban severely restricts women’s education and activities in the country.

It is unclear what relationship Hall had with the couple or their group.

The couple’s detention was not based on any violations of local laws or religious customs, but was a political move by a faction to increase international pressure on the government and Haibatullah Akhundzada, its supreme leader, the Telegraph reported. 

The couple’s children wrote a letter to the Taliban pleading for their release, saying that the couple respected and obeyed the laws.

‘They have chosen Afghanistan as their home, rather than with family in England, and they wish to spend the rest of their lives in Afghanistan,’ the letter reads in part, according to the Associated Press.

Hall’s release comes after the Taliban released American hostage George Glezmann, 65, last week after holding him for more than two years. That deal was also struck after negotiations between the Trump administration and Qatari officials. Glezmann was abducted while visiting Kabul as a tourist on Dec. 5, 2022.

Two other Americans, Ryan Corbett and William McKenty, were released earlier this year in exchange for a Taliban member in U.S. custody in a final-hour deal struck by the Biden administration.

Fox News’ Caitlin McFall and the Associated Press contributed to this report. 

This post appeared first on FOX NEWS

President Donald Trump commuted the criminal sentence of Ozy Media founder Carlos Watson on Friday, just hours before Watson was due to begin serving a 116-month prison term for a multi-million-dollar scheme that included falsely claiming the start-up had deals with Google and Oprah Winfrey, a senior White House official said.

Watson had expected to surrender Friday afternoon to the Federal Correctional Institution in Lompoc, California, before he received word of Trump granting him executive clemency, according to a source familiar with the situation.

Trump also commuted the sentence of one year of probation imposed on Ozy Media for the defunct news and entertainment company’s conviction in the same case.

Trump’s actions remove the criminal penalty imposed on Watson and Ozy.

Watson, 55, was convicted at trial in Brooklyn federal court last July of conspiracy to commit securities fraud, conspiracy to commit wire fraud, and aggravated identity theft. He was sentenced in December.

In February, a federal judge ordered Watson and Ozy to pay almost $60 million in forfeiture and more than $36 million in restitution.

Watson’s defense attorney, Arthur Aidala, declined to comment Friday when contacted by CNBC.

A spokesman for the Brooklyn U.S. Attorney’s Office, which prosecuted Watson, also declined to comment on the commutation of his sentence.

Glenn Martin, a criminal justice reform advocate, in a tweet on Friday wrote, “We did it,” above a photo of him and Watson.

“President Trump commuted the sentences of Ozy Media and Carlos Watson hours before his surrender,” the tweet said.

″@CarlosWatson is not going to prison today,” Martin wrote.

“First and foremost, thank God for His grace, mercy and the power of redemption. A very special note of appreciation to @AliceMarieFree,” he added, referring to his fellow criminal justice reform advocate Alice Marie Johnson.

“Your advocacy, compassion, and relentless pursuit of fairness have made this moment possible for people like Carlos.”

When Watson was sentenced, then-Brooklyn U.S. Attorney Breon Peace said, “Carlos Watson orchestrated a years-long, audacious scheme to defraud investors and lenders to his company, Ozy Media, out of tens of millions of dollars.”

Prosecutors said that Watson and his co-conspirators between 2018 and 2021 defrauded investors by misrepresenting Ozy’s financial performance, its ongoing business relationships and its acquisition prospects, as well as its contract negotiations.

Ozy abruptly shut down in October 2021, after The New York Times reported that the company’s chief operating officer, Samir Rao, had impersonated a YouTube executive on a conference call with Goldman Sachs.

The investment bank was considering a $40 million investment in Ozy at the time.


This post appeared first on NBC NEWS

This week, we get back to earnings and, sadly, the pickings are slim.

Given these turbulent times, we have two Consumer Staples stocks to examine — Lamb Weston (LW) and Conagra (CAG). They may not be the most exciting charts, but they show clear levels of interest that are worth noting.

There’s also the highly volatile stock Restoration Hardware (RH), which is trading close to a support level. This stock can be considered a high-risk, high-reward trade.

Let’s dive in…

Lamb Weston (LW)

Lamb Weston, best known for its iconic french fries, has gone on one of the wildest rides over the last four years. After a two-year uptrend, the stock has slowly and steadily gone on a two-year downtrend, giving back all its gains.

Earnings have been quite harsh over the last four quarters. There was one gain of 2.6%, with three losses that included a -19.4%, a -28.2%, and most recently a -20.1% decline. Shares now sit 54% off of all-time highs as the company heads into Thursday’s earnings report.

Technically, there is some hope.

Shares made a full roundabout from trough to peak and back to trough again, where they were able to find some major support. The $47.50/$48 level was the original double bottom that started the rally years ago, and now, when re-tested, it held again.

The risk/reward set-up appears to favor the bulls, barring another epic post-earnings drawdown. If shares sell off, the $47.50 level should get tested and could be a good entry point. However, the path to least resistance looks higher from this level. A mean reversion back to its long-term downtrend around the declining 200-day simple moving average would be good for a 23% gain.

Overall shares continue to act rather soggy, but one little quarter could spice things up and lead to a quick and satisfying return.

Restoration Hardware (RH)

Restoration Hardware has become one of the most volatile stocks after earnings over the last year-and-a-half and is one to watch with the report on Wednesday afternoon. Shares have moved an average of +/- 17% over the last six reports with gains of 17% and 25.5% over the last two.

Since last December’s 17% jump after results, the stock has declined as much as 50% from its recent highs. One major factor is the slowdown in the housing market, influenced by rising interest rates, which has dampened demand for home furnishings.

Technically, shares reached a major support level going back four years and held. It was the fourth time in four years that shares moved towards that $210 level and held. Clearly, we have a major level of interest to watch from a risk/reward set-up.

Shares hit extreme oversold levels in its relative strength index (RSI) in early March and have finally bounced. The rally back from oversold levels and a hold of key support should favor the bulls for now.

If you were to trade this into Wednesday afternoon’s earnings, you must watch that support level carefully. It has held time and again, and this would be a great area to dip into the stock with a stop-loss for protection just below support to minimize losses. Any positive reaction could see a fast snapback rally towards the 200-day moving average, which sits 35% above current levels. A simple mean reversion could equate to a nice return, while the stock remains in its longer-term downtrend.

ConAgra (CAG)

ConAgra, the parent company of Duncan Hines, Birds Eye, and Slim Jim, has struggled after earnings, as it has fallen five of the last six times it has reported.

Technically, shares sit in the middle of a range between its 50-day and 200-day moving averages. The consumer staple has held up relatively well compared to the overall market and has only declined -4.5% year-to-date. It pays a 5.3% dividend and is considered a safer haven in these turbulent times.

The $24.50/$25 level has acted as solid support and could be a good entry point given current market uncertainty. However, the upside has overhead resistance at the 200-day moving average and the $27.50/$28 level.

Overall, this may be a nice place to hide out during turbulent times, but the overall risk/reward is marginal, at best. It may be more rewarding to eat their products than to trade the stock.

One of the indicators that Carl Swenlin developed is the Silver Cross Index. It is one of the best participation indicators out there! Here’s how it works:

We consider a positive 20/50-day EMA crossover a “Silver Cross”. If a stock has a Silver Cross it has a bullish bias. The opposite of a Silver Cross is a Dark Cross. Stocks with a Dark Cross have a bearish bias.

The Silver Cross Index measures the percentage of stocks holding Silver Crosses. The current percentage on the Silver Cross Index is just 37% so this tells us that 63% have bearish biases. This condition suggests to us that the market has more downside to absorb.

The Silver Cross Index was nearing a Bullish Shift across its signal line, but instead has topped. It is likely to continue declining given less stocks are above their 20/50-day EMAs versus the Silver Cross Index percentage.

Participation measured by the percent of stocks above their key moving averages are all below our bullish 50% threshold. Stochastics have topped and the PMO topped Friday. The short-term rising trend has been broken. This looks like a textbook reverse flag formation that was confirmed with Friday’s decline. The minimum downside target of the pattern would put price near 480. This sure has the earmarks of a failed bear market rally.

Conclusion: The Silver Cross Index is at a very low 37% and has now topped beneath its signal line. Participation, as measured by the %Stocks > 20/50EMAs, is mediocre at best and reading below the Silver Cross Index. This looks like the end of a bear market rally based on the bear flag that was confirmed on Friday.

(Note: This chart is from our “Under the Hood” ChartList on DecisionPoint.com. We have these charts with the Silver Cross Index for all the major indexes, sectors and select industry groups. All subscriptions include access to these charts!)


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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

Is a new market uptrend on the horizon? In this video, Mary Ellen breaks down the latest stock market outlook, revealing key signals that could confirm a trend reversal. She dives into sector rotation, explains why defensive stocks are losing ground, and shares actionable short-term trading strategies for oversold stocks. Don’t miss these crucial market insights to spot the next rally before it takes off!

This video originally premiered March 28, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

Here’s a quick recap of the crypto landscape for Wednesday (March 26) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$86,622.95, a 1.7 percent decrease over the past 24 hours. The day’s trading range has seen a low of US$85,862.55 and a high of US$87,812.64.

The crypto market is under pressure following an executive order from US President Donald Trump to issue “secondary tariffs” of 25 percent on countries that purchase oil from Venezuela.

Bitcoin performance, March 26, 2025.

Chart via TradingView.

Ethereum (ETH) is priced at US$2,002.36, a 3.6 percent decrease over 24 hours. The cryptocurrency reached an intraday low of US$1.985.69 and a high of US$2,058.49.

Altcoin price update

  • Solana (SOL) is currently valued at US$137.76, down 5.2 percent over the past 24 hours. SOL experienced a low of US$136.39 and a high of US$144.21 on Wednesday.
  • XRP is trading at US$2.38, reflecting a 3.3 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.36 and a high of US$2.45.
  • Sui (SUI) is priced at US$2.58, showing a 4.6 percent increase over the past 24 hours. It achieved a daily low of US$2.52 and a high of US$2.64.
  • Cardano (ADA) is trading at US$0.7285, reflecting a 2.7 percent decrease over the past 24 hours. Its lowest price on Wednesday was US$0.722, with a high of US$0.7632.

Crypto news to know

GameStop’s Bitcoin bet sparks meme stock rally

GameStop (NYSE:GME) shares surged close to 20 percent on Wednesday after the company announced plans to add Bitcoin to its treasury reserve assets, mirroring Michael Saylor’s Strategy (NASDAQ:MSTR). The move comes as GameStop struggles with declining brick-and-mortar sales, having pivoted toward e-commerce under CEO Ryan Cohen.

Speculation around the retailer’s crypto ambitions grew after Cohen was seen with Saylor on social media last month. Analysts warn that GameStop’s exposure to Bitcoin could introduce more volatility to its stock.

The company, however, has been aggressive in cutting costs, doubling its fourth quarter net income to US$131.3 million despite a 30 percent revenue drop.

Microsoft declines after data center news

Shares of crypto miners and Microsoft (NASDAQ:MSFT) closed down after TD Cowen alleged that the tech conglomerate has abandoned plans for new data centers in the US and Europe.

Share prices for Bitcoin miners, including Bitfarms (NASDAQ:BITF), CleanSpark (NASDAQ:CLSK), Core Scientific (NASDAQ:CORZ), Hut 8 (NASDAQ:HUT) and Riot Platforms (NASDAQ:RIOT), dropped between 4 and 12 percent. Microsoft closed down 1.31 percent, while daily losses for the miners fell between 7 and 12 percent.

According to Bloomberg, Google (NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META) have picked up some of the leases Microsoft has allegedly canceled or deferred over the last six months, although neither company has confirmed. In a statement from Microsoft obtained by the publication, the company said “significant investments” have left it “well positioned to meet (its) current and increasing customer demand.”

“While we may strategically pace or adjust our infrastructure in some areas, we will continue to grow strongly in all regions,” the spokesperson said. “This allows us to invest and allocate resources to growth areas for our future.”

Ethereum’s Pectra upgrade launches on testnet

Ethereum’s Pectra upgrade launched on the Hoodi testnet on Wednesday after a series of technical issues delayed the mainnet launch, which was originally slated for sometime in March.

If the launch is successful, Pectra could hit the mainnet by April 25. The Pectra upgrade aims to improve Ethereum’s scalability, staking efficiency and developer capabilities.

USDC launches in Japan

Circle launched its stablecoin, USDC, in Japan on Wednesday. The launch was made possible through a strategic partnership with SBI Holdings (TSE:8473), a Japanese financial firm.

The launch comes after Circle and SBI received regulatory approval from Japan’s Financial Services Agency (FSA) earlier this month. The FSA’s green light paved the way for the companies to introduce USDC to the Japanese market, marking a significant step in the adoption of stablecoins in the country.

Following the regulatory approval, a launch date was announced on Monday (March 24).

At the time of this writing, USDC’s market capitalization was US$60.15 billion.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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