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The news cycle is in high gear lately, leading to some extra volatility. Traders reacting to the news are getting whipsawed, while chartists remain focused on what really matters. Price. Price isn’t everything, it’s the only thing. News, rumors, fundamentals, the Fed, government policy and everything else are reflected in price. And, perhaps more importantly, it is easier to follow price than to distill the news. 

As chartists, it is not our job to interpret news events or fundamentals. Our job is to set biases aside and focus on price action. We need to answer three questions in a matter-of-fact manner. What is the long-term trend? Is the ETF/stock showing relative strength? Are there any bullish patterns in play? We want to be long when the answer to all three is yes.

TrendInvestorPro specializes in unbiased analysis that focuses exclusively on price action. Each week we define the big trends, identify the leaders and highlight bullish trading setups. We are currently tracking breakouts from mid January (XLI, KRE, ITA) and leadership in several tech-related ETFs (CIBR, IGV, CLOU, AIQ). Click here to take a trial and gain full access.

So what do we do with the news? Ed Seykota, a legendary trend-follower, advocated a systematic approach to trading. His rules-based focused on riding the trend, setting stop-losses and filing the news. This strategy is summed up in his classic Whipsaw Song, which includes the lines:

What do we do when we get a hot news flash?

We stash that flash right in the trash.

Do yourself a favor and stash that flash right in the trash!

Here is a recent “matter-of-fact” example from our ETF Report. SPY is in a long-term uptrend as a bullish cup-with-handle pattern takes shape. First, SPY is trading near a new high and well above the rising 200-day SMA. Second, the middle window shows the SPY/IWM ratio breaking out in mid December and again in February. This ratio rises when SPY (large-caps) outperforms IWM (small-caps).

SPY is in a long-term uptrend and showing relative strength. This leaves us with the third question. Is there a bullish pattern or trading setup on the price chart? SPY corrected from mid December to mid January and broke out on January 21st. At the time, a falling wedge (pink lines) formed and this bullish breakout featured in our report/video that week. New patterns emerge as bars are added and I now see a cup-with-handle, which is a bullish continuation pattern (blue lines). Rim resistance is set at 610 and a breakout here would confirm the pattern.

For subscribers to TrendInvestorPro, this report continues with a video covering the cup-with-handle pattern in detail. We discuss the rationale behind the pattern, a confirmation level, the price target and the re-evaluation level. Click here to take a trial and gain full access.

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As part of the DP Alert, we cover Bitcoin and the Dollar every market day. We have been watching some bearish indications on both Bitcoin and the Dollar with the double top chart patterns.

On Bitcoin, price has been moving mostly sideways above support at 90,000. This happens to be the confirmation line of the double top formation. The chart pattern calls for a decline the height of the pattern, which would give us a minimum downside target at about 75,000. The PMO is now in negative territory, but we do see that Stochastics have turned up. Support could hold here and price could continue to meander sideways, but, with this pattern, it is highly vulnerable.

On the weekly chart we see a parabolic advance followed by high level consolidation that formed a bull flag. After the last rally powered price up, we aren’t seeing high level consolidation; it instead looks like a topping formation with the double top very visible. The weekly PMO is nearing a Crossover SELL Signal, which doesn’t bode well.

The Dollar also has a bearish double top visible on the daily and weekly charts. It looked pretty good for the Dollar coming out of a bullish flag formation, but the rally stalled and set up the second top. Technically, the confirmation line (middle of the “M”) has been broken with Friday’s action. The RSI is negative and the PMO is in decline. Unlike Bitcoin, Stochastics are moving lower, suggesting we will see more downside out of the Dollar. That would be good for Gold, which is already enjoying a strong rally. The minimum downside target of the pattern would be around 28.25.

We had an especially bullish breakout from a bearish rising wedge, but now we have that double top. The weekly PMO has turned down, and price looks as if it will be back within the wedge soon.

Conclusion: We have bearish double tops on Bitcoin and the Dollar. Bitcoin has an opportunity to avoid the breakdown given rising Stochastics, but the Dollar seems destined to continue to make its way lower with dropping Stochastics. Downside targets are 75,000 for Bitcoin and 28.25 for the Dollar.


The DP Alert: Your First Stop to a Great Trade!

Before you trade any stock or ETF, you need to know the trend and condition of the market. The DP Alert gives you all you need to know with an executive summary of the market’s current trend and condition. It covers more than the market! We look at Bitcoin, Yields, Bonds, Gold, the Dollar, Gold Miners and Crude Oil! Only $50/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!


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Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


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Bear Market Rules


How can we define the market trend on multiple time frames, so we can better identify trend changes and ensure we are following the drive of market forces?  Today I’ll describe my proprietary Market Trend Model to define the short-term, medium-term, and long-term trends, and share what it’s telling us about market conditions in February 2025.

Using Moving Averages to Define the Trend

Using a simple daily chart with the 50-day and 200-day moving averages, we can show why the slope of the moving average can provide valuable insights on trend direction.  Let’s look at the daily chart of Apple (AAPL), and we’ll focus on a highlighted period in 2023-2024.

Starting with the 200-day moving average, we can see that the 200-day tends to slope higher during uptrends and lower during downtrends.  So for the highlighted period in 2023 and 2024, the 200-day moving average tended to slope higher through that entire trend.

Note how there were a couple meaningful pullbacks in the price of AAPL in Q3 2023 and Q2 2024.  While the 200-day moving average was still sloping higher, the 50-day moving average sloped downward in each of those pullbacks.  So by using two moving averages of varying periods, we can define the trend by simply looking at the slope of the moving averages.

We can also use a crossover technique and look for golden crosses (short-term moving average crosses above long-term moving average) and death crosses (short-term moving average crosses below long-term moving average) as a way of determining changes in those trends.

Exponential Moving Averages Improve Trend Detection

The problem with simple moving averages, as used above, is that they weigh all the data points equally in the calculation.  So what happened two days ago has the same impact as what happened 192 days ago!  By using exponential moving averages, which weight the most recent data the most, our charts will react more quickly to changes in the trend.

My Market Trend Model uses a series of exponential moving averages on a weekly chart of the S&P 500 to define the secular (long-term), cyclical (medium-term), and tactical (short-term) time frames.  By using the PPO indicator, I can chart the trends using a histogram and simply check if the comparison is above or below the zero line.

Based on my model, the long-term trend has been bullish since March 2023.  The medium-term trend, which is the most important one for my own portfolio analysis, turned bullish in November 2023.  And the short-term trend just turned bullish in early January after flipping bearish in early December of last year.

Tracking the Market Trend Model in February 2025

When my Market Trend Model is bullish on all three time frames, as it is as of this Friday’s closing price data, it tells me to be looking for long ideas and make sure I am taking on risk in my portfolio.  If the short-term trend would turn bearish, that would indicate a pullback phase within the long-term uptrend, as we observed a number of times in 2024.

The key signal I’m looking for would be the medium-term trend turning bearish, which last occurred in September 2023.  That signal would tell me to go more risk-off, to get more defensive, and to focus more on capital preservation than capital appreciation.  For now, my Market Trend Model is suggesting a market trending higher.  And until the medium-term trend turns bearish, I’m inclined to assume the market trend is innocent until proven guilty!

RR#6,

Dave

PS- 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.

The stock market is like a river — constantly changing without knowing what lies ahead. Sometimes it’s calm. Other times it’s choppy. And when the stock market is choppy, it can leave investors in a dilemma, leading them to make irrational investment decisions.

The broader stock market indexes have been choppy lately, going up one day and down the next. Frequent news headlines such as tariffs, inflation data, and earnings influence market price action. This makes it a very challenging environment for investors. So how should you position your portfolio in this type of market?

Instead of chasing headlines, navigate the market by analyzing the overall trend and momentum. Start with the big picture before diving into individual stocks or exchange-traded funds.

The View From the Top

The S&P 500 ($SPX) has seen a lot of sideways choppiness (see daily chart of the S&P 500 below). After it broke out of the downward channel (blue dashed lines), it continued moving sideways with a series of lower highs. The up-and-down price action reflects the headline-driven characteristic of the market.

FIGURE 1. DAILY CHART OF THE S&P 500 INDEX. The overall trend remains bullish, but don’t be surprised if the consolidation extends further.Chart source: StockCharts.com. For educational purposes.

The index looks like it wants to reverse the “lower highs” series and resume its uptrend. It tried hard to hit a record close but, alas, closed shy of it on Friday. The new 52-week highs outnumber the new 52-week lows, which is a sign of healthy market breadth.

The overall trend is in favor of the bulls, as of this writing, but there’s a lot of hesitancy among investors. If we continue to see a headline-driven market, there’s a chance of an extended consolidation period. We need to see a breakout of the consolidation, with a series of higher highs and higher lows to confirm the continuation of the uptrend.

Expect to see more headlines in the near term. So far, we’ve seen the news rattling the market sometimes and, at other times, not impacting the markets at all. Tariffs, inflation, tax cuts, and deregulation are a handful of topics you’re likely to hear about in the near term. Let’s analyze how each of these factors will impact your investment portfolio.

Trade Tariffs

Trump has imposed 10% tariffs on China and 25% on steel and aluminum imports. He has delayed tariffs on Canada and Mexico but is still scheduled to impose them in early March. President Trump was expected to sign an order for reciprocal tariffs, but that turned into a memo requesting a plan of action for these tariffs. This could take a few months to get implemented. The market was quick to shrug this off.

There’s no doubt that tariffs are front and center in investors’ minds. Trump’s main objectives of tariffs are to collect revenues for the government, protect specific industries, and curtail the flow of illegal drugs into the US. But there are headwinds, the biggest of which is inflation. A restriction in global trade could send ripples through complex supply chains, resulting in higher prices.

Inflation: Will It Create Waves?

The Federal Reserve is already planning to pause rate cuts in 2025, and January’s hot CPI increased the probability of this happening. The dot plot now suggests one rate cut in 2025, which, according to the CME FedWatch Tool, is pushed out until the July Fed meeting, as of this writing.

A rise in inflation would mean the Fed would be more cautious with interest rate cuts. Tariffs and an expansion of the federal deficit could impact the interest rate cut path. A good chart to monitor inflation is the chart of the ProShares Inflation Expectations ETF/iShares TIPS Bond ETF (RINF:TIP), which approximates the market’s inflation expectations.

FIGURE 2. THE STOCK MARKET’S INFLATION EXPECTATIONS. Inflation expectations seem to be lowered after the market shrugged off recent inflation reports and tariff news.Chart source: StockCharts.com. For educational purposes.

Inflation expectations aren’t as low as they were in September 2024 but are below the January highs.

Why impose tariffs when it upsets global trade and results in inflation? One of President Trump’s tariff objectives is that tariff revenues will offset his planned tax cuts. 

Lower Taxes and Deregulation

Trump plans to extend the 2017 Tax Cuts and Jobs Act (TCJA) provisions. He also plans to add other tax cuts — eliminating taxes on tips, overtime pay, and Social Security benefits. Lower taxes means more money for consumers and corporations. But will the tax cuts be enough to make up for the higher prices consumers will have to pay for goods?

These are just one piece of the change puzzle. Other policy changes include less oversight across different industries. Three sectors that could benefit from deregulation are Financials, Industrials, and Energy.

  • Financial companies can benefit the most, especially if rules for banks, credit card companies, etc. are more relaxed. The biggest beneficiary could be the big banks.
  • Dialing back on environmental regulations such as carbon emissions will benefit oil and gas companies.
  • Less compliance costs would mean more productivity. As a result, the Industrials sector could see gains.

The PerfChart below compares the one-year performance of the Financial Select Sector SPDR ETF (XLF), Industrial Select Sector SPDR ETF (XLI), and Energy Select Sector SPDR ETF (XLE).

FIGURE 3. PERFCHART OF FINANCIALS, INDUSTRIALS, AND ENERGY. A deregulatory environment would benefit certain industries more than others. Financials are in the lead and are likely to benefit the most from deregulation.Chart source: StockCharts.com. For educational purposes.

The Financials are leading the pack, while the Energy sector is lagging. In a deregulatory environment, the Financials could remain in the lead.

The Bottom Line

Expect to see a boatload of news stories as the year unfolds. As a smart investor, the best way to navigate the stock market’s up and down waves is to follow the charts discussed in this article. There are many uncertainties in the market, so don’t sway your investment decisions based on what you hear in the news.

You never know what lies ahead, just like a river. But if you look at the overall trends, determine which sectors are being impacted by policy changes, and keep an eye on inflation expectations, you’ll be able to navigate steadily through the rough patches.


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.

A man from Memphis, Tennessee, was sentenced to life in prison for murdering his wife during their honeymoon in Fiji in 2022, a court official said on Friday.

Bradley Robert Dawson, 40, will have to serve at least 18 years in prison before he can be considered for release, a Fiji High Court registry official in Lautoka said.

Dawson was convicted in December of murdering his wife, Christe Chen, who was 36, at the exclusive Turtle Island resort in the Yasawa archipelago two days after the newlyweds arrived in the South Pacific nation. He then fled by kayak to a nearby island.

He was sentenced by Justice Riyaz Hamza on Wednesday.

Hamza told Dawson he had shown disregard for Chen’s right to life and her personal liberty.

“Your conduct after the incident was appalling. Having inflicted serious and life-threatening injuries to the deceased you fled the scene of the crime, leaving the deceased alone and helpless,” Hamza said, according to The Fiji Times newspaper.

Chen’s body was discovered in the couple’s room by resort staff with multiple blunt trauma wounds to her head after the couple was heard arguing and did not appear at breakfast or lunch the next day.

Dawson pleaded not guilty to the charge and was tried over eight days.

His lawyer Anil Prasad told the court that prosecutors had failed provide sufficient evidence to convict Dawson, the Fijian Broadcasting Corp. reported.

Prasad said that while the prosecution alleged that Dawson was planning to flee Fiji, authorities failed to acknowledge that many of the couple’s personal belongings remained at the resort.

Prasad also said Dawson had no injuries to suggest he had been involved in a physical altercation with his wife.

But the judge said he was satisfied beyond reasonable doubt that Dawson and no one else had committed the crime.

Under Fijian law, prisoners can apply for parole after serving a minimum term set by a court, although the parole board is currently unstaffed. Critics argue the lack of an effective parole option is a cause of prison overcrowding.

David Naylor, an Australian National University expert on Pacific law and regulation who has lectured in Fiji, said that after serving 18 years in prison, Dawson could apply to the national Mercy Commission to be released with a pardon from the Fijian president.

He could also apply for his life sentence to be reduced to a fixed term, which would set a release date, Naylor said.

Dawson worked in the information technology department at Youth Villages, a nonprofit child welfare and support organization based in Memphis. An online records search showed no criminal arrests for Dawson in Shelby County, which includes Memphis.

The Turtle Island resort, where the pair stayed, is an exclusive and remote 500-acre island that accommodates only 14 couples at a time. Yasawa is a group of about 20 volcanic islands in the west of Fiji, a nation of 930,000 people.

This post appeared first on cnn.com

A woman suspected of killing three members of the same family by poisoning a Christmas cake has been found dead in her prison cell in Brazil.

“Immediately, the staff provided first aid” and called the emergency medical service, “which, upon arriving at the scene, confirmed her death,” the criminal police said in a statement.

“Deise was alone in the cell. The circumstances will be investigated by the Civil Police and the General Institute of Expertise,” the statement added.

The cake poisoning, which killed three people and hospitalized three others, occurred on Christmas Eve in the city of Torres in Rio Grande do Sul.

Large amounts of arsenic were found in the bodies of the women who died, and arsenic at levels 2,700 times higher than the permitted limit was found in the flour used to make the cake, according to the police.

This post appeared first on cnn.com

Buried deep in a Welsh landfill, beneath layers of years-old garbage, there is a hard drive that holds the key to almost $800 million in bitcoin – or so James Howells believes, after accidentally throwing the drive away in 2013.

And now, after years of battling the local authority in court to retrieve the hard drive, Howells has come up with a new plan: to simply buy the landfill.

“Am considering purchasing a landfill site. Funding secured,” he wrote Thursday on X, echoing comments by him that were widely reported in the UK media on Monday, though he didn’t say who was providing the funding.

Howells has tried almost everything to access the Docksway Landfill in Newport, a city 12 miles (19 kilometers) northeast of the Welsh capital, Cardiff, including offering Newport City Council more than $70 million in 2021 for permission to dig up the site.

His latest plan comes after a British High Court judge stopped his case from going to trial, issuing a judgment in January that dismissed his attempts to force the council to allow him to search the landfill.

Howells accidentally threw out that crucial hard drive in August 2013 when he was clearing out his house, thinking it was a blank drive that contained no data. He put it in a trash bag that he left in the hallway for his then-partner to take to the garbage dump, before he realised, as the value of the bitcoin rose, that he had disposed of the wrong one.

Since then, the value of the bitcoin Howells says is loaded onto the hard drive has skyrocketed from around $9 million to almost $800 million, as prices of cryptocurrency have soared in recent years.

Every bitcoin transaction requires a private key, a secret piece of data contained within each individual bitcoin wallet that mathematically proves the transaction has come from that wallet.

Howells’ hard drive contains “a record” of that private key, Judge Andrew Keyser wrote in his judgement issued in January.

“The position is no different in principle from what it would be if the record of the private key had been written on a piece of paper that had been put into the landfill,” Keyser added.

Without knowing the private key, Howells can’t access the bitcoin he mined all those years ago, when the cryptocurrency was little known beyond the tech world.

“The council has told Mr Howells on a number of occasions that excavation is not possible under our licencing permit and excavation itself would have a huge environmental impact on the surrounding area,” a spokeswoman said at the time.

“The cost of digging up the landfill, storing and treating the waste could run into millions of pounds – without any guarantee of either finding it or it still being in working order.”

This post appeared first on cnn.com

Kirill Dmitriev, a close Putin adviser, will focus on restoring economic ties between the US and Russia as the two sides attempt to forge a Russia-Ukraine peace agreement, according to sources with knowledge of the appointment.

Dmitriev, the head of Russia’s sanctioned sovereign wealth fund, has been an outspoken Trump supporter from within Russia’s political elite, saying his US presidential election victory “shows that ordinary Americans are tired of the unprecedented lies, incompetence, and malice of the Biden administration.” He added that Trump’s win “opens up new opportunities for resetting relations between Russia and the United States.”

Born in Soviet-era Ukraine and educated at Harvard and Stanford in the US, Dmitriev worked as consultant at US consultancy firm McKinsey and as an investment banker at Goldman Sachs.

The Kremlin’s inclusion of Dmitriev, indicates that a key focus of Russia’s negotiating strategy in likely to be on sanctions reduction, as well as on repairing battered economic ties with the West.

Dmitriev has been a prominent Russian contact point with both the first and current Trump administrations, consistently calling for closer US-Russian ties, and engaging in private back-channel talks with US officials.

After Russia’s full-scale invasion of Ukraine in February 2022, Dmitriev was sanctioned by the US Treasury Department, which designated him a “close associate of Putin” and his family.

This post appeared first on cnn.com

Fighters from Sudan’s paramilitary Rapid Support Forces (RSF) have torched swathes of the country’s largest refugee camp, firing indiscriminately at civilians, according to open-source data and an eyewitness account.

At least seven people have been killed and 40 injured in the attacks which began on Tuesday, according to Médecins Sans Frontières (MSF), which operates one of the last remaining healthcare facilities in Zamzam camp, which hosts nearly half a million displaced people suffering from famine. Approximately 50% of Zamzam’s central market was burned in the attacks, according to a new Yale HRL report.

Once a refuge for civilians fleeing violence in North Darfur’s capital city of al-Fasher and neighboring towns, Zamzam has been under fire since December 1, according to Yale’s Humanitarian Research Lab (HRL) which monitors the conflict, and MSF. Indiscriminate artillery fire has killed and injured dozens of residents since, the medical relief group says.

The RSF and its rival, the Sudanese Armed Forces (SAF), have been locked in a brutal civil war since April of 2023. Since then, the RSF has been campaigning to capture al-Fasher —the last remaining SAF stronghold in the region — 15km north of Zamzam. However, this is the first time that RSF fighters appear to have entered the camp.

‘I saw people fleeing, and I was among them’

Footage verified from social media illustrates the RSF’s advance; videos show armed fighters wearing the RSF’s hallmark tan camouflage and insignia capturing a militia outpost on the edge of the camp.

Then, less than half a kilometer south, fighters appear closer to the camp, perched atop pickup trucks with mounted belt-fed machine guns. The camera pans across the ground, littered with bullet casings, and briefly shows a plume of dark black smoke which appears to emanate from Zamzam’s central market.

The eyewitness described how the fighters set several shops ablaze before he fled the camp in terror.

“I saw people fleeing, and I was among them—some in their private vehicles and others on foot for hundreds of meters. Several stray bullets flew over our heads, and a victim fell right in front of me,” he recounted.

Dozens of children, women, and elderly people were killed and injured in the attacks, according to a statement released by Zamzam camp administrators on Thursday. The statement calls on the United Nations to deploy an international protection mission after “the [RSF] resorted to the scorched land policy, brutally targeting Zamzam.”

Approximately 50% of Zamzam’s central market was burned in the attacks, according to a new Yale HRL report. Maxar Technologies

Satellite imagery shared by Maxar Technologies and footage posted on social media by North Darfur’s governor show the aftermath of large-scale burning throughout Zamzam’s central marketplace. Among the ash, remnants of the stands, chairs, and tables piled with charred vegetables can be seen.

Heat signatures recorded by NASA’s Fire Information for Resource Management System show that the fire ignited on Tuesday, causing damage that HRL says is “consistent with intentional razing” identified after nearby arson attacks perpetrated by the RSF.

“We categorically affirm that no violations have occurred, and our forces have never targeted civilians. Rather, our forces operated with military professionalism, swiftly defeating the armed elements, seizing their weapons stockpiles, forcing them to flee the camp, and thwarting their plan to use civilians as human shields.”

The attack, which unfolded over two days, was launched weeks after the RSF began targeting the camp with long-range artillery in early December, according to a Yale HRL report.

The RSF claims that the camp is a “military base, housing weapons and ammunition depots as well as operations command rooms,” in the context of the paramilitary group’s wider offensive to capture al-Fasher — the last remaining bastion for government forces in North Darfur, according to Liam Karr, Africa team lead at the Institute for the Study of War. But these attacks on Zamzam extend “beyond military objectives into ethnic cleansing and genocide,” Karr says.

Last month, former U.S. Secretary of State Antony Blinken accused the RSF of committing genocide in Sudan, and imposed sanctions on its leader, Mohamed Hamdan Dagalo, also known as Hemedti.

The RSF called the Biden Administration’s sanctions “regrettable and unjust” in a statement posted to Telegram, claiming that they were “politically motivated and… without an independent and thorough investigation.”

In the midst of a raging malnutrition crisis

Zamzam has long been at the epicenter of the malnutrition crisis in Sudan. Last August, the World Food Program declared that the camp had been pushed into famine.

One mother, holding her crying two-year-old child, explained the challenge of finding fresh water: “When we need water, we need to pay. And we don’t have money, so we ask Allah to sustain us,” she says.

About 34% of children living in Zamzam camp suffer from acute malnutrition—more than twice the emergency threshold—according to an MSF survey conducted in the fall.

Since the famine declaration, malnutrition has persisted and spread to two additional camps in North Darfur and the Western Nuba Mountains and is predicted to reach five additional localities in the state before May.

Faced with continuing security threats, he says, “it’s simply too dangerous” to operate in certain areas of North Darfur. It is immediately unclear how this recent spate of violence will affect the malnutrition crisis in Zamzam.

“As the camp is surrounded [by RSF fighters], there is no possibility for the population to flee or for humanitarian aid to enter,” MSF’s Project Coordinator in North Darfur Marion Ramstein predicts. “People are left with nothing.”

Mounira Elsamra, Eyad Kourdi, and Thomas Bordeaux contributed to this report.

This post appeared first on cnn.com

The Prince and Princess of Wales have publicly marked Valentine’s Day by sharing a sweetly romantic photograph of themselves.

In the photo, posted on their official social media channels Friday, William and Kate can be seen sitting on a blanket on grass, surrounded by trees.

They are holding hands and are both dressed in blue.

Kate appears to be laughing as William is turned toward her, kissing her cheek.

They captioned the image with a red heart emoji.

The photo appears to be a still from a video Kate shared in September to announce that she had completed her chemotherapy treatment for cancer.

Catherine Middleton met Prince William in 2001 at Scotland’s University of St. Andrews, where they were both studying art history.

The following year, they shared living quarters, along with a few other students.

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    They were “very close friends” for about a year, according to Kate, before their relationship turned romantic.

    It wasn’t always straightforward, though, and they briefly called it quits in March 2007.

    The couple got engaged while on a trip to Kenya in October 2010, and tied the knot at Westminster Abbey in London on April 29, 2011.

    They have three children together: Prince George, born in 2013, Princess Charlotte, born in 2015, and Prince Louis, born in 2018.

    Last month, on Kate’s birthday, William praised “the most incredible wife and mother,” and commended her for the “remarkable” strength she has shown “over the last year” while undergoing treatment for cancer.

    This post appeared first on cnn.com