Record ocean heat has taken a devastating toll on one of the world’s greatest natural wonders, with coral bleaching on Australia’s Great Barrier Reef reaching “catastrophic” levels, a new study has found. More than 50% of affected corals monitored near an island in the reef’s south were killed last year…
China’s navy has commissioned a new-generation frigate as competition rises with the US and other regional powers, saying the ship will “play a vital role in enhancing the overall combat effectiveness” of its forces. China already has the world’s largest navy in terms of number of hulls, although its technology…
At least 12 train passengers were killed in western India Wednesday after being struck by another train on an adjacent track after they jumped from their coaches in panic to escape a rumored fire incident, the Press Trust of India reported. At least six other people were injured, the news…
More than 32,000 people have fled to towns in northeast Colombia as they attempt to escape a sharp rise in fighting between militant factions, according to the country’s ombudsman. Iris Marín said the violence escalated last week in the Catatumbo region, displacing tens of thousands of people. Hundreds more remain…
When I look back at leading industry groups for the past day, week, month, 3-month, 6-month, and 1-year periods, only one industry group has been among the Top 20 industry groups for each of those 6 different periods. It’s a group that I liked heading into 2024 and it’s a…
Energy Replaces Technology At the end of this week, 1/17/2024, the Technology sector dropped out of the top 5 and will be replaced by Energy. The ranking in the top 5 has also changed. XLY is still number one but XLF raised to the #2 spot, pushing XLC down to…
Mid-caps show leadership and were the first to trigger a breadth thrust. Stocks surged this week with mid-caps showing the highest participation rate. Chartists can quantify the participation rate and identify breadth thrusts using the percentage of stocks above their 20-day SMAs. We will analyze these indicators for six broad…
So far, this has been a fairly entertaining start to the new year! The S&P 500 started off with a bounce to 6050, pushed briefly below our line-in-the-sand level of 5850, and then finished this week with a retest of 6000. While the VIX remains fairly low relative to historical levels, it…
As advancements in medical technology continue to shape the healthcare landscape, DexCom, Inc. (DXCM) stands out with its innovative continuous glucose monitoring solutions. Recent price action suggests that DXCM’s stock price has triggered a potentially new bullish run. In this article, I will examine the technical and fundamental factors behind…
In this video, Dave shares five charts from his ChartList of market ratios that investors can use to track changing market conditions through 2025. If you want to better track shifts in market leadership, identify where funds are flowing, and stay on top of evolving market trends, make sure to…