Author

admin

Browsing

Sipping a hazy beer in a dimly lit Shanghai pub, Liang Xiao found himself immersed in a sociology lecture that astounded him.

Beneath a projector screen, a Chinese PhD student at an elite American university was explaining how modern states were built to a crowd of more than 40 young urbanites who packed the tiny venue in China’s most cosmopolitan city.

Though the talk did not cover China specifically, Liang was struck by the frankness with which the academic laid out how state power works – including the use of brute force – something rarely discussed openly today in the country’s stifled political environment.

“I was completely stunned when he mentioned violence so bluntly,” said the 32-year-old, who was born and raised in China.

“In China, you just can’t talk about the nature of a country so openly.”

In recent months, “academic pubs” hosting free lectures by Chinese scholars from universities worldwide have sprung up in China’s major cities – such as Shanghai, Beijing and Guangzhou – offering a rare open space for free-flowing intellectual conversation in a country where the public sphere is shrinking as censorship tightens.

These alcohol-with-academics sessions delve into a range of topics in the humanities and social sciences. They include issues deemed politically sensitive and often censored online, such as feminism, but also more innocuous subjects like social anxiety and cats in ancient Chinese paintings.

Similar initiatives have been popular in the West for nearly three decades. In Britain, “Cafe Scientifique,” a laid-back science debate forum, kicked off in 1998 and “Pint of Science,” a three-day science festival, launched in May 2013. Both have since gone global.

Now, these brain-expanding happy-hour huddles are catching on in China as its urban, educated youth – emerging from three-year pandemic lockdowns and restrictions – are desperate to reconnect in person.

“Once you leave campus, it’s difficult to find social science talks elsewhere… That’s part of why we’re so eager to make it happen ourselves,” the Shanghai pub posted on its official social media account in late August, wrapping up its first series of pub lectures.

Unlike Western universities, which generally welcome the public, most Chinese campuses remain fenced off, keeping their academic resources exclusive to students, faculty and authorized personnel.

“The rise of academic pubs shows China’s youth are still hunting for places to talk and share ideas, even as the public sphere is shrinking,” said Lei Ya-wen, a sociology professor at Harvard University.

‘Place without authority’

Recent arts graduate Cinnamon Wu attended a talk on the evolution of Chinese-American literature in a Beijing bar just a 10-minute drive from China’s two top universities.

The session, which focused on how Chinese-American immigrants found their place in a strange, sometimes hostile land, elicited a wide-ranging discussion. But Wu, using his English nickname for privacy reasons, was surprised when some participants criticized the apparent influence of political correctness in American popular culture. He didn’t expect attendees of such intellectual events to hold what he saw as conservative views.

While Chinese cyberspace is filled with critiques of political correctness and “wokeness” in American culture, Wu had never heard such opinions voiced so openly in a physical public setting, including on campus.

“It’s actually tough for us to air any political views in class – unless they’re extremely mainstream and unshakable,” Wu said.

“But in the pub, a place without authority… People are more likely to speak their mind.”

The belief that “teachers are always right” is instilled in Chinese students from a young age, he added. Even in college, where critical thinking should be encouraged, he said, he feels “teachers remain unchallengeable authorities.”

University teachers in China, tasked by Beijing with “educating for the Communist Party,” rarely encourage political discussion as they have to steer clear of any controversies that might cross political “red lines.”

Despite finding some views unsettling in the open discussion, Wu still said the academic pub was “worth a visit.”

“It’s refreshing to see people huddled offline in a casual setting, discussing literature and society… It makes me feel like we ordinary folks can also engage in public conversations.”

Elephant in the room?

As the academic pub and bar trend gains momentum, concerns are bubbling up on Chinese social media about the future of this nascent public sphere for intellectuals in the heavily censored country, especially following a string of cultural crackdowns.

Last year, China’s stand-up comedy scene came to a brief halt with shows canceled nationwide after a comedian’s army-themed joke was deemed a “severe insult” to the military, leading authorities to slap a hefty fine on the entertainment firm representing him. Earlier this year, an artist was detained over sculptures he created over a decade ago that featured political critiques.

Nationalist voices online have also grown into a powerful unofficial force policing speech across Chinese social media. They’ve gone after bloggers, journalists, celebrity chefs and even a Nobel laureate, trying to hold people accountable for any remarks or behaviors they see as slighting China.

The trend has extended into university classrooms, with students – in a sign that political loyalty often trumps cultural reverence for educators – reporting their teachers for expressing any view not aligned with party orthodoxy.

Liang, who deemed the state-building talk “bold,” said he loves these academic pub sessions but suspects they will eventually face restriction.

“In a country with such strict governance, it’s common for people to self-censor, scrutinizing their own words – and those of others – from the government’s perspective,” said Lei, the Harvard professor.

“These events are safe for now as they are not organized gatherings by nature,” noted Kang Siqin, an assistant professor from the Chinese University of Hong Kong, Shenzhen.

Kang, who mainly studies state capacity, gave the first lecture in the Shanghai pub talk series, introducing social science research methods themed around “socializing over drinks.”

“But in China’s context, any kind of gathering can be perceived as presenting challenges to public security,” Kang added.

As for the future of the pub lecture trend, Kang said it “all depends on if anyone wants to target them.”

This post appeared first on cnn.com

Lucknow, India (AP) — A fire tore through a neonatal intensive care unit in a hospital in northern India, killing 10 newborn babies and injuring 16 others, authorities said.

The fire occurred late Friday at a hospital in Jhansi city, Uttar Pradesh state. Officials said the blaze spread quickly through the ward, where 55 infants were being treated. Forty-five babies were rescued and are receiving medical care, said Bimal Kumar Dubey, a local official.

It was not immediately clear what sparked the blaze. Brajesh Pathak, the deputy chief minister of the state, visited the hospital and met with families on Saturday. He pledged government support for the victims’ families and promised a thorough investigation.

“We will identify those responsible for this tragedy and take strict action. The government stands with families during this difficult time,” he said.

When the firefighters arrived, the ward was engulfed in flames and plumes of smoke. Rescuers had to break through windows to reach the newborn babies. Eyewitnesses said the rescue operation began about 30 minutes after the fire erupted, delaying evacuation efforts.

The incident has raised questions over the hospital’s safety measures. While fire alarms had been installed in the intensive care unit, parents and witnesses said they did not activate during the blaze. Hospital staff acted only after they saw signs of smoke and fire.

“If the safety alarm had worked, we could have acted sooner and saved more lives,” said Naresh Kumar, a parent who lost his baby.

Akhtar Hussain, whose son was rescued and is receiving treatment in an adjacent ward, agreed that the tragedy could have been prevented if the hospital had better safety protocols.

Fires are common in India, where building laws and safety norms are often flouted by builders and residents. Poor maintenance and lack of proper firefighting equipment in the country also leads to deaths.

In May, at least six newborn babies died in a fire at a children’s hospital in New Delhi, three years after a hospital fire in the western state of Maharashtra killed 10 newborns.

This post appeared first on cnn.com

The chief financial officer of Trump Media and two other corporate insiders sold more than $16 million worth of company stock in the week following the presidential election, according to new disclosures.

Most of the stock was sold by CFO Phillip Juhan, who in August adopted a trading plan that revealed his intention to sell 400,000 DJT shares by December 2025.

Trump Media director Eric Swider and Scott Glabe, the company’s general counsel, each sold fewer shares of the company, whose majority owner Donald Trump was elected president on Nov. 5.

Trump Media, which operates the Truth Social app, has a market capitalization of $6.3 billion despite reporting revenue of slightly more than just $1 million in the third quarter of this year.

The company, whose share price has dramatically fluctuated since the stock became publicly traded in late March, reported losses of $19.2 million for the quarter.

Truth Social’s daily active user rate is minuscule compared to other social media apps.

Similarweb, a digital intelligence platform, reported that Truth Social had about 200,000 daily active users on Nov. 6, the day after Election Day. By contrast, the social media site X had 36.7 million users that day, Threads had 4.7 million users and Bluesky had about one million users.

Juhan, who is also Trump Media’s treasurer, sold 320,000 shares on Friday at a price of $30.65 per share, or a total of $9.8 million worth of stock according to a Form 4 filing with the U.S. Securities and Exchange Commission.

On Monday, Juhan sold another 64,000 shares at $32.97 per share, another $2.11 million worth, the same filing said.

After the second sale, Juhan still had 265,798 shares of DJT, according to the filing. All but about 20,000 of those shares are restricted stock units, which were awarded to him on Nov. 5, Election Day, and which cannot be immediately sold.

One-quarter of that awarded stock will vest, and become eligible for sale, on Dec. 25, a filing showed. The remaining shares will vest in quarterly installments through March 2027.

Swider sold 136,183 shares of DJT on Friday at $28.23 per share, for a total of $3.84 million worth, according to his new Form 4 filing.

The sale disposed of all of Swider’s Trump Media shares, the filing indicated. Swider controls a company, Renatus Advisors, that still owns 18,043 shares of Trump Media.

Glabe, the general counsel, on Friday sold 15,917 shares for $32.19 per share, or a total of $512,368, a filing shows.

Glabe, who is also the company’s secretary, still owns 336,576 restricted stock units in Trump Media after that sale. That stock was awarded to him on Nov. 5, and will vest according to the same schedule as Juhan’s RSUs.

On the same day that Juhan and Scott received the RSUs, Trump Media CEO Devin Nunes received 1.3 million RSUs, which as of Wednesday were worth nearly $38 million on paper.

Nunes’ RSUs are subject to the same vesting schedules as those owned by Juhan and Scott.

A Trump Media spokeswoman did not immediately respond to CNBC’s request for comment on the stock sales.

This post appeared first on NBC NEWS

In this exclusive StockCharts video, Joe explains how to use an 18 simple moving average in multiple timeframes to identify when a stock has confluence amongst 2-3 timeframes. He shows how to start with the higher timeframes first, before working down to the lower ones. Joe then covers the shifts that are taking place in the sectors; in addition, he shows a nice feature in StockChartsACP that can help zero you in on new emerging strength. Finally, he goes through the symbol requests that came through this week.

This video was originally published on November 13, 2024. Click this link to watch on StockCharts TV.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

In today’s DP Alert short video we discuss the key support levels for Gold as it has likely begun a longer-term correction. We also take a look at Gold Miners under the hood! Charts and commentary are taken from our subscriber-only DP Alert publication. Subscribe now and try us out for 2 weeks using coupon code: DPTRIAL2.

Below are the charts that we used in the video for your review:


Introducing the new Scan Alert System!

Delivered to your email box at the end of the market day. You’ll get the results of our proprietary scans that Erin uses to pick her “Diamonds in the Rough” for the DecisionPoint Diamonds Report. Get all of the results and see which ones you like best! Only $29/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!


Learn more about DecisionPoint.com:


Watch the latest episode of the DecisionPointTrading Room on DP’s YouTube channel here!


Try us out for two weeks with a trial subscription!

Use coupon code: DPTRIAL2 Subscribe HERE!


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


(c) Copyright 2024 DecisionPoint.com


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:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

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

ITBM and ITVM

SCTR Ranking

Bear Market Rules


I was originally taught to use RSI as a swing trading tool, helping me to identify when the price of a particular asset was overextended to the upside and downside. And, on the swing trading time frame, that approach very much works, especially if you employ a shorter time period for the indicator. However, RSI can also be used for longer-term time frames, helping investors to better define trend phases and identify broader shifts in momentum, and today we’ll break down three charts that show how this application of the RSI could help you stay on the right side of strong uptrends!

HubSpot Inc. (HUBS)

Earlier this week, on my daily market recap show, I was asked about HubSpot, which has recently become overbought. The viewer was concerned about potential downside given the overbought conditions.

What we reviewed was that while an RSI above 70 is considered overbought, an RSI above 80 is considered “extremely overbought”, or what we would often call “the good kind of overbought.” Why consider such a high RSI to be a bullish tell? Just look to the left on the chart of HUBS, at similar readings in June 2023 and December 2023. In both cases, the stock briefly pulled back soon after. And in both cases, the stock went on to make a new 52-week high within a month.

NVIDIA Corp. (NVDA)

Another stock that has shown a similar run of “the good kind of overbought” signals is Nvidia. There have been three such occurrences over the last two years, and, in every instance, these signals have occurred not at the end of the uptrend phase, but in the middle!

It’s worth noting here that Nvidia, along with most other semiconductor stocks, are nowhere near the overbought region given their recent weakness. NVDA is actually featuring the dreaded “bearish momentum divergence” which often serves as a leading indicator of a bearish rotation!

GoDaddy Inc. (GDDY)

GoDaddy is another chart which has recently shown an RSI level above the 80 threshold. And while that could mean a brief countertrend pullback is in store, it also suggests that the long-term uptrend may still be in place.

The last time GDDY saw an RSI above 80 was in November 2023, just before an incredible bullish phase that arguably is still in place in November 2024. So while I could see a short-term pullback as a reasonable expectation between now and year-end, this configuration also serves to reinforce the broader uptrend phase that is still active.

As I was first learning technical analysis back in the day, I thought chart reading was all about finding signals and just blindly following them. Over the years, I’ve come to appreciate that indicators like RSI have layers of value.  Mindless investors take indicators at face value. Mindful investors have learned to dig deeper and appreciate the values of learning from previous market cycles!

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC


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.

The author does not have a position in mentioned securities at the time of publication. 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.

Now that Q4 historical bullishness has kicked in, it’s time to allow the bears to go into hibernation, while the bulls search for key leadership to drive prices higher. Before I highlight a key industry group that just moved into all-time high territory, it’s important to understand the history of the stock market and which groups tend to carry the S&P 500 higher. In other words, since the S&P 500’s 2013 breakout above the 2000 and 2007 highs, which groups have led this secular bull market advance? Well, here you go. These are the 12 best-performing industry groups since April 2013 (as you check these out, keep in mind that the S&P 500 has gained 266% over the same period):

  1. Semiconductors ($DJUSSC): +1488%
  2. Computer Hardware ($DJUSCR): +1019%
  3. Software ($DJUSSW): +774%
  4. Specialty Finance ($DJUSSP): +709%
  5. Internet ($DJUSNS): +683%
  6. Broadliine Retailers ($DJUSRB): +653%
  7. Automobiles ($DJUSAU): +480%
  8. Home Construction ($DJUSHB): +459%
  9. Insurance Brokers ($DJUSIB): +434%
  10. Home Improvement ($DJUSHI): +424%
  11. Hotels ($DJUSLG): +419%
  12. Consumer Finance ($DJUSSF): +416%

This isn’t opinion. This isn’t a list based on current technical conditions or my favorite groups. This list is HISTORICAL FACT. These are the “risk on” groups that have led this bull market. If you’re still clinging to the hopes of a secular, or even cyclical, bear market right now, I think you need to leave personal biases at the door and look at this market objectively. All-time highs nearly always beget more all-time highs. In my lifetime, I’ve only seen TWO all-time highs that marked major tops – one in 1973 and the other in year 2000. Constantly searching for that major top is what leads to significant underperformance. Personally, I believe the next major top (leading to a secular bear market) is most likely a decade away. We’ll all find out together.

So I’m in a position believing that stock prices are going to go higher. I’m also of the belief that many of the same leaders shown above in the Top 12 groups since 2013 are going to lead the next leg higher in this secular bull market. Therefore, I’m paying particularly close attention to these charts……and one of them just broke out and started to lead on a relative basis during the past week.

Enter Software:

The absolute price breakout has already occurred. Now I’m waiting to see the relative breakout on the DJUSSW. Once that happens, I see a melt up in software stocks, especially among small and mid cap software stocks. It’s important to point out that in this environment of falling short-term fed funds rates, small and mid caps are showing tremendous leadership. As I look ahead, I believe small and mid caps will TROUNCE the S&P 500. All of this will lead to many small/mid cap software stocks tripling or quadrupling within a year. I’m going to uncover them.

On Saturday morning at 11am ET, I will be hosting a webinar, “Capitalizing On Small- and Mid-Cap Strength”. The objective of this event is to illustrate the strength in these two asset classes and to discuss potential levels of outperformance and to point out many stocks poised to lead. If you want to find stocks capable of tripling, quadrupling, or even more, then this webinar is for YOU! The webinar is completely FREE (no credit card required), but you must register for the event to save your seat – and seats are limited. For more information and to register NOW, CLICK HERE.

Happy trading!

Tom

Should you buy calls/puts? Should you write covered calls? Or should you trade bull/bear vertical spreads?

That’s a lot to chew on — and it’s just the beginning. Once you decide on a strategy, you’ll have to decide on which strikes and expirations to choose. Trading options, after all involves analyzing a lot of data points, which can be very time-consuming.

Luckily for you, the new OptionsPlay Add-On from StockCharts.com can do all the heavy lifting you need. With just a few mouse clicks, you can identify stocks and ETFs that meet specific technical criteria and view the optimal options trading scenarios. In this instructive video, Tony Zhang, Chief Strategist at OptionsPlay, and Grayson Roze, Director of Operations at StockCharts, walk you through the following features available in the OptionsPlay Add-On:

  • The daily OptionsPlay ChartLists
  • OptionsPlay Strategy Center
  • OptionsPlay Explorer

And keep in mind, some of these features are available only on StockCharts! So whether you’re a seasoned options trader or a newbie, this video is worth a must-see. Check it out below!

This video premiered on November 14, 2024.

With cryptocurrencies evolving from speculative assets to a global economic force, investors face a critical question: how can you filter out the noise to pinpoint coins that truly matter?

Whether cryptocurrency trading is part of your financial strategy or not, it’s becoming clear that certain coins have moved beyond speculation and are now positioned as potential drivers of the future global economy.

Still, there’s a lot of market noise in the crypto space. You need to distinguish real geopolitical developments surrounding certain coins, domestic developments affecting crypto (like Trump’s proposal to scale back the SEC’s ability to regulate crypto), and market speculation in response to the above, which can affect many cryptocurrencies, even the most obscure ones.

A Snapshot of Crypto Leaders Over Time

Given cryptocurrencies’ sensitivity to the political and economic landscape, there will be a lot of volatility. One way to sort out the leaders is to view the StockCharts MarketCarpets for Cryptocurrencies (use the Select Group dropdown menu) over lookback periods, say, from one day to three months or more.

I like to measure Up Days minus Down Days to get a general sense of the crypto market’s performance in breadth. To do this, go to the Measurements drop-down menu and select [Up Days] – [Down Days]. Scrolling over each square will show how many up or down days are prevalent over a specified period. For instance, in 5 days, if there are 3 up days and 2 down days, the “score,” if we can call it that, will be +1 (as 3 – 2 = 1). The point here is that this view might give you a better filter for identifying market leaders.

Here’s a 5-day view of market leaders in the crypto space.

FIGURE 1. 5-DAY MARKETCARPETS VIEW OF THE CRYPTO MARKET MEASURING UP MINUS DOWN DAYS.Image source: StockCharts.com. For educational purposes.

Don’t mind the particulars for now. Just note the overall performance of the market. Compare it to this 1-month view.

FIGURE 2. 1-MONTH MARKETCARPETS VIEW OF THE CRYPTO MARKET MEASURING UP MINUS DOWN DAYS. Image source: StockCharts.com. For educational purposes.

Now, notice how there are fewer deep “greens” indicating fewer outperformers. The only coin of significance is Dogecoin ($DOGEUSD). The rest are relatively obscure. Keep that in mind as I zoom out to a 3-month view.

FIGURE 3. 3-MONTH MARKETCARPETS VIEW OF THE CRYPTO MARKET MEASURING UP MINUS DOWN DAYS.Image source: StockCharts.com. For educational purposes.

You have a few more market leaders going back a quarter. But the only liquidly-traded one is still Dogecoin. DOGE stands out as one of the top three non-stablecoin cryptocurrencies worth watching, with a unique connection to the potential “Trump 2.0” economy.

Three Crytpos to Watch Ahead of Trump 2.0

So, here they are—Bitcoin ($BTCUSD), Ethereum ($ETHUSD), and, strangely, Dogecoin ($DOGEUSD). Why?

Trump has talked about creating a strategic Bitcoin reserve as he aims to make the US the “crypto capital of the planet.” With a crypto-friendly administration and, presumably, fewer regulatory barriers, Ethereum—the second-largest cryptocurrency by market cap—will likely see growth alongside Bitcoin.

The Dogecoin case sounds a little weird. Its boost seems to be a speculative conflation of DOGE, the crypto’s ticker, and DOGE, the acronym for the proposed Department of Governmental Efficiency, co-led by Elon Musk, who happens to be a strong proponent of Dogecoin. Whatever the investment case may be, this symbolic conflation was enough to fuel the coin’s record three-year high.

Let’s look at the technicals, starting with a daily chart of Bitcoin.

FIGURE 4. DAILY CHART OF $BTCUSD. Did broad retail buying just kick in?Chart source: StockCharts.com. For educational purposes.

According to the Relative Strength Index (RSI), Bitcoin, which closed above a record-high $90K level, is well within the overbought range, hinting at a potential pullback. You’re starting to see that potentially taking shape.

Looking at our two momentum indicators below, the Chaikin Money Flow (CMF) shows three deep yet flattening surges suggesting high buying pressure, yet, in the On Balance Volume (OBV), the last surge shows a breakout (see green circle). Could this suggest that institutional buying occurred in September and October, followed by increased retail participation in November? If that’s the case, it will be interesting to observe how Bitcoin performs after taking a breather.

On the chart, there are three Quadrant Lines. The first two demonstrate how prices, in an uptrend, tend to bounce between the 50% or 75% lines (2nd or 3rd quadrants). The third quadrant line on the right is the one you should keep an eye on. If Bitcoin pulls back, it should bounce above the last quadrant, which also coincides with two critical levels of resistance-turned-support (see dotted magenta lines).

Let’s shift over to a daily chart of Ethereum ($ETHUSD).

FIGURE 5. DAILY CHART OF $ETHUSD. Smart money selling as retail investors scoop it up?Chart source: StockCharts.com. For educational purposes.

Like Bitcoin, Ethereum ($ETHUSD) is pulling back from its RSI-measured overbought level. However, unlike Bitcoin, the CMF and OBV are in stark divergence, possibly indicating that “smart money” buying has declined while retail buying has ramped up. If anything, this confirms forecasts of near-term weakness.

Unlike Bitcoin, Ethereum did not hit an all-time high, but this can also mean the crypto has room to run. You might expect a bounce at the 50% and 61.8% Fibonacci retracement levels (see green circle on the chart) which is further buffered by support at $2,730 (see green dotted line). However, if the uptrend resumes, take note of the three resistance levels ahead, highlighted by the magenta lines where you may see profit-taking and selling.

Let’s now look at a daily chart of Dogecoin ($DOGEUSD).

Figure 6. DAILY CHART OF $DOGEUSD. This chart looks like a meme stock, but the divergence between the CMF and OBV shows the difference between smart money and retail accumulation.Chart source: StockCharts.com. For educational purposes.

Similar to Bitcoin, Dogecoin also has a three-year high. But unlike Bitcoin and Ethereum, there’s no indication that Dogecoin will be a reserve asset, nor does it share Ethereum’s reputation for technological innovation. It started as a meme coin, and the only thing that seems to be driving its recent surge is its association with Elon Musk.

The RSI shows that Dogecoin is well-overbought. If you look at the CMF and OBV, note how larger players began accumulating Dogecoin with tremendous buying pressure long before the retail crowd noticed (see magenta square).  Now, the sharp divergence shows how “smart money” may be pulling back while retail traders are jumping in.

If you find a reason to buy Dogecoin beyond pure speculation, be aware that it has plenty of room to tumble. Note the 61.8% Fib retracement level coinciding with the coin’s 2024 high of $0.22. If it fails to bounce at this level, then the meme is over. But considering how unpredictable this coin is, look for a bounce near the 50% Fib retracement.

At the Close

In a market buzzing with hype, separating the legit from the noise takes more than following news and taking a quick glance—it’s all about using the right tools. For me, it’s about viewing MarketCarpets over different timeframes, checking up and down days to see which crypto is leading the pack. With Bitcoin and Ethereum, there’s solid institutional backing, showing they’ve got potential staying power. Dogecoin, though, feels more like a meme-fueled thrill ride, getting its boost from Elon Musk’s influence rather than fundamentals.

By looking at the daily charts and contrasting the CMF with the OBV, you can spot where the real buying pressure is—seeing institutional money flow versus the retail players. In the end, separating the signal from the noise comes down to reading the charts using the right tools.


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.

French prosecutors have asked for prison time and a five-year ban from politics for far-right leader Marine Le Pen, potentially derailing her bid to become president in 2027.

Le Pen, her National Rally (RN) party and more than 20 of its members are accused of using European Parliament money to pay staff who were in fact working for RN in France, allegations they deny.

After almost six weeks of hearings at the Paris criminal court, French prosecutors announced on Wednesday that they were requesting a sentence for Le Pen of five years of imprisonment (with three years suspended) and the imposition of five years of ineligibility from politics.

The prosecution also asked that the RN should be fined €2 million ($2.1 million) and Le Pen herself €300,000 ($316,000).

The prosecutors also asked that the ineligibility sentence was given “with provisional execution,” meaning it would take place immediately and Le Pen could not stand for new elections during this period, even if appeals were filed against the court’s decision.

Speaking to journalists after the hearing, Le Pen claimed this was an attack on democracy and an attempt by the prosecutor to bar her from the political scene: “The only thing that interested the prosecution was ‘Marine Le Pen’… asking once again for her exclusion from political life and to deprive the French… of the ability to vote for whoever they want.”

Patrick Maisonneuve, a lawyer for the European Parliament, told reporters on Wednesday: “I often hear the elected members of the National Rally when it comes to a theft of €50, saying that justice must be swift, it must be firm, it must be severe.”

He added, “So, when we have embezzled, because that is what it is, €4.5 million to the detriment of the European Parliament, therefore of taxpayers and in particular French taxpayers. Let’s not cry scandal.”

Maisonneuve said that the prosecutors explained that case was not about preventing anyone running for election but establishing that every citizen was equal before the law.

Meanwhile, the severity of the proposed sentence prompted RN to launch the hashtag #jesoutiensmarine (“I am behind Marine”) on X that party officials have used with a photo of themselves with Le Pen.

The far-right leader also received support from her political allies and elsewhere. Italy’s Deputy Prime Minister Matteo Salvini, who wrote on X that the prosecutors’ move was an attempt to “stop the popular will and the democratic wind of change.”

A more unexpected supporter of Le Pen was former French interior minister Gerald Darmanin who wrote on X that that it would be “deeply shocking” if she was deemed ineligible. “Fighting Madame Le Pen is done at the ballot box, not elsewhere,” Darmanin added.

Despite the support, an ineligibility sentence – if confirmed by the court decision – could be very bad news for Le Pen, who is seen as a prime contender in France’s next presidential elections in 2027.

Le Pen has already run in three presidential elections, and increased her share of the vote each time. She finished third behind François Hollande and Nicolas Sarkozy in 2012 with 17.9% of the vote. Then she lost to French President Emmanuel Macron in both 2017 and 2022 with 33.9% and 41.5% of the vote respectively.

Macron called a stunning snap election in June after his party was trounced by Le Pen’s RN in the European parliamentary elections. In the subsequent national vote a month later, the left-wing bloc New Popular Front (NFP) won the most seats but not enough for an absolute majority. Macron’s centrist Ensemble came second and Le Pen’s RN placed third.

Initially, RN was closer to the gates of power than ever before, then foiled mainly due to scores of left-wing and centrist candidates withdrawing from the second round of the election in a strategic bid to avoid splitting the vote.

The hung parliament led to months of stalemate before Macron finally revealed his cabinet in September, with a noticeable shift to the right.

This post appeared first on cnn.com