Author

admin

Browsing

China showed off its rapidly advancing military technology by unveiling a string of cutting-edge hardware at the country’s largest airshow last week.

The biennial event in the southern city of Zhuhai has become a rare public window into the military and industrial might of the rising communist-controlled superpower, while also providing international experts with an opportunity to assess its capabilities.

Many of the new Chinese weapons are seen by experts as having been developed to match the United States, as authoritarian Beijing pushes to modernize its armed forces and assert its growing military presence in Asia.

This year’s event featured a range of new weapons systems, including fighter jets and missiles. It also for the first time featured a dedicated area for drones, in a sign of their increasingly critical role on battlefields, including in the Ukraine war – and any potential future conflict over the self-governing island of Taiwan.

The six-day exhibition drew in nearly 600,000 visitors and more than 280 billion yuan ($39 billion) in global orders – as well as a stopover by Russia’s former defense chief, according to state media.

Here are some of the most notable new weapon systems put on public display at the show.

J35-A stealth fighter

More than a decade in the making, China’s much-anticipated new stealth fighter jet, the J-35A, is widely seen as part of Beijing’s bid to match the United States’ stealth fighter capabilities.

The J-35A is China’s second stealth fighter, after the J-20 entered service in 2017. Its commission makes China the second country after the US to have two types of stealth fighter jets.

Some observers have noted a resemblance in appearance between the J-35A and the US’ F-35. Though unlike the F-35, which features a single turbofan engine, the J-35A is equipped with two engines.

Its maximum takeoff weight is likely to be approaching 30 tons, Song Xinzhi, a Chinese military expert and former researcher in the PLA Air Force, told state broadcaster CCTV, hailing it a “breakthrough” for China’s new generation of medium-sized stealth fighters.

He added that the J-35A is an air force variant of the fighter. “(It) also has a twin navy variant, which is expected to be unveiled to the public soon,” Song said.

Wei Dongxu, a military commentator, claimed a key feature of the J-35A is its apparent versatility.

“It can not only perform air combat missions, but also … execute precise strikes on both ground and maritime targets,” he told CCTV, noting that the jet can carry a wide range of precision-guided munitions within its internal weapons bay, including small air-launched cruise missiles.

HQ-19 anti-ballistic missile system

Experts have been quick to compare the HQ-19, China’s new-generation surface-to-air missile system, to the US’ Terminal High Altitude Air Defense (THAAD) system.

Mounted on an 8×8 high-mobility vehicle, the HQ-19 carries six interceptor missiles and uses a “cold launch” mechanism that reduces the stress on the launcher and allows it to rapidly redeploy interceptors, according to state media reports.

China has not revealed the technical specifics of the system, and it remains unclear whether it can match the operational range or hit speed of THAAD. The US Defense Department’s annual report on China’s military in 2020 said the HQ-19 interceptor has undergone tests to verify its capability against 3,000 kilometer-range ballistic missiles.

Chinese military experts say it is tasked with intercepting ballistic missiles outside the atmosphere, significantly extending the interception range of previous models like the HQ-9.

Most notably, Chinese experts and state media have also claimed the HQ-19 is capable of intercepting hypersonic glide vehicles in the atmosphere.

Such weapons are “challenging due to their unpredictable trajectory,” said PLA Senior Col. Du Wenlong of the PLA Academy of Military Sciences.

“Our radar system, however, can track these complex trajectories and guide missiles for a final strike. Many countries address hypersonic warheads by deploying multiple rapid warheads, ensuring at least one hit. But with the combination of the HQ-19 missile and our radar system, we’ve resolved this issue with a single radar and a single missile,” he told CCTV.

Drone mothership ‘Jetank’

A massive mothership drone that can carry a payload of up to six tons, Jetank has a wingspan of 25 meters (82 feet) and a maximum takeoff weight of 16 tons, according to state media, making it among the largest such weapons in China’s arsenal.

The jet-powered attack and reconnaissance unmanned aerial vehicle (UAV), features eight external hardpoints to carry missiles and bombs, as well as a quickly replaceable mission module that can carry different types of smaller drones.

“It takes the concept of an aircraft carrier from the sea to the air, enabling the deployment of numerous drones onto the battlefield by launching them in the air,” Chinese military expert Du Wenlong claimed, hailing it a “significant innovation.”

Stealth drone ship ‘Orca’

Known as the “Orca” the JARI-USV-A is a high-speed stealth unmanned surface combat vessel.

The 500-ton vessel is designed to be highly radar resistant and features a unique trimaran structure that gives it stability in harsh seas, state media reports say.

Measuring 58 meters (190 feet) in length, 23 meters (75 feet) in beam and 4 meters (13 feet) in depth, the “Orca” can operate at speeds up to 40 knots with a range of 4,000 nautical miles, allowing for prolonged missions without resupply, according to China Military Online, the official English-language news website of the Chinese military.

“As an autonomous combat vessel, it is like a mobile fortress on the sea which is capable of undertaking tasks such as beyond visual range fire strike, air and missile defense, and anti-submarine search and strike,” the China Military Online claimed in an article Tuesday.

“Such platforms can regularly carry out non-military and military operations of low to medium intensity, such as patrol and guard around strategic points, base ports, islands and reefs, and key waterways,” it added.

Equipped with four phased array radars and a vertical launch system, the vessel is said to be able to carry rockets, anti-ship missiles, air defense missiles and remote-control weapon stations. It also features a takeoff and landing platform for unmanned helicopters in the rear and a small docking bay at the stern, which can be used to launch small underwater devices or sensors for submarine detection, the article said.

PL-15E Air-To-Air Missile

China also unveiled a new version of its PL-15 long-range air-to-air missile. It comes with folding tailfins, a design that allows for more compact stowage to fit the country’s stealth fighter jets.

At the airshow, the PL-15E was displayed next to a model of the J35-A steal fighter jet.

The PL-15 is one of China’s most potent air-to-air missiles, with a range of around 200 kilometers and a peak speed above five times the speed of sound, according to the International Institute for Strategic Studies.

It’s often compared to the US’ AIM-120 Advanced Medium-Range Air-to-Air Missile.

Su-57 stealth fighter

Also on display at the airshow was the Su-57, Russia’s most advanced fighter jet, which made its first appearance away from home.

The overseas debut of the Su-57 in Zhuhai sent an unequivocal message about the close military cooperation between China and Russia.

Sergei Shoigu, Russia’s former defense minister who was in China for annual strategic security consultations, stopped by airshow to check out the Su-57 on display, according to the state-run Global Times.

At the airshow, the first contracts were signed for Russia to export its Su-57 to overseas customers, Russian news agency Tass reported, though it did not disclose the identity of the buyers.

This post appeared first on cnn.com

A vital humanitarian organization said it will suspend activities in Haiti’s capital on Wednesday following a “series of threats” by local police, in a move that threatens to bring a further deterioration of conditions in the Caribbean nation that has struggled for years with gang warfare and political turmoil.

Doctors Without Borders, also known as Médecins Sans Frontières (MSF), accused authorities of repeatedly stopping its vehicles and threatening its staff with violence, including death and rape.

Following that attack, the organization said it faced four additional encounters with police.

“This series of incidents have left us with no choice but to suspend our activities in Port-au-Prince,” MSF said in a statement.

In recent years, police, civilian vigilante groups and even rival gangs in the lawless capital have been repeatedly accused by doctors and medical staff of breaking into health care facilities where they suspect wounded gang members to be seeking treatment.

“As MSF, we accept working in conditions of insecurity, but when even law enforcement becomes a direct threat, we have no choice but to suspend admissions of patients in Port-au-Prince until the conditions are met for us to resume,” MSF head of mission Christophe Garnier said.

MSF said it will stop admitting and transferring patients to its five medical facilities in the Haitian capital from Wednesday, impacting thousands of people in need of treatment.

“MSF provides care to everyone on the basis of medical needs alone. Each week on average in the Port-au-Prince metropolitan area, MSF provides care to more than 1,100 patients on an outpatient basis, 54 children with emergency conditions, and more than 80 new survivors of sexual and gender-based violence,” the organization said in a statement.

Brutal gang violence in the capital has resulted in the kidnappings of hundreds of people, and the displacement of hundreds of thousands of Haitians from their homes.

MSF is the latest international group to halt operations in the Caribbean nation.

Last week, US-based airlines suspended flights to Haiti after three of their jets were struck by bullets while flying over Port-au-Prince. Haiti’s transitional presidential council blamed armed gangs for the gunfire that struck one of the flights, accusing them of aiming “to isolate our country on the international stage.”

Last month, a United Nations helicopter was also hit by bullets while flying over Port-au-Prince. And in a separate incident in October, gangs targeted US Embassy vehicles with gunfire, later prompting the evacuation of 20 embassy staff.

In late February and early March, coordinated gang attacks forced the closure of both the airport and main seaport in the Haitian capital, choking off vital supplies of food and humanitarian aid to the Caribbean nation.

This post appeared first on cnn.com

Brazilian police have arrested five people, including a former adviser to ex-President Jair Bolsonaro, over an alleged plot to assassinate President Luiz Inácio Lula da Silva in 2022, authorities said.

The coup plot was conceived in late 2022, before Lula took office, according to Federal Police. In addition to killing the then-president-elect, the plot also included plans to capture or kill Lula’s Vice President Geraldo Alckmin and Supreme Court Justice Alexandre de Moraes, the Supreme Court said in its arrest order.

The order, signed by Moraes on Sunday, authorizes the preventative detention of the five suspects, including retired general Mário Fernandes.

The alleged plot also involved other military personnel with training in special forces, the Federal Police said.

“The planning drawn up by those under investigation detailed the human and military resources needed to carry out the actions, using advanced military operational techniques,” police said.

The plan envisioned the eventual creation of an “Institutional Crisis Management Office” in Brazil’s government that the coup plotters would control, according to the police.

According to the court order, the alleged plotters also considered several methods to carry out the political assassinations, including the use of poison or explosive devices.

“For the execution of President Lula, the document describes, considering his health vulnerability and frequent visits to hospitals, the possibility of using poisoning or chemicals to cause an organic collapse,” reads Moraes’ order, citing an investigation into the plot.

In addition to the five arrests, police said the suspects would be prohibited from leaving the country or contacting other people suspected of involvement in the plot, documents show.

In February of this year, Bolsonaro was placed under investigation over the alleged plot. The investigation is expected to be finished later this month, Reuters reported, citing a source with direct knowledge of the probe.

According to a police warrant carried out on Tuesday, Bolsonaro allegedly met with officials from the army and navy as well as the minister of defense in December 2022 to present a document detailing the legal framework that would keep him in power.

The former president has repeatedly denied allegations of attempting a coup. His son, Flavio Bolsonaro, who is a senator in the Brazilian Congress, suggested in a post on X that the five suspects had not committed a crime.

“As disgusting as it may be to think about killing someone, it is not a crime. And for there to be an attempt, the execution must be interrupted by some situation beyond the control of the perpetrators. Which does not appear to have happened,” he wrote.

In October 2022, Lula narrowly beat Bolsonaro in the presidential election. Bolsonaro’s supporters rejected the results and rioted in the capital Brasilia, storming government buildings on January 8, 2023.

This post appeared first on cnn.com

Jimmy Lai, the pugnacious Hong Kong media tycoon whose now shuttered tabloid Apple Daily was a regular thorn in Beijing’s side, is expected to testify on Wednesday at his own national security trial in a high stakes court battle that could see him spend the rest of his life behind bars.

The 77-year-old, known for his decades-long support of the city’s pro-democracy movement and outspoken criticism of China’s leaders, hasn’t been heard from since he was arrested nearly four years ago amid a deepening crackdown on dissent.

But he will take the stand to defend himself for the first time later on Wednesday.

In US court rooms, defense lawyers often advise their clients against testifying in court. But in Hong Kong, court testimony offers a rare chance for detained democracy figures to have their voices heard in a system where national security charges have resulted in months and years of pre-trial detention as well as restrictions on speaking out.

On Tuesday, more than 40 of Hong Kong’s best known pro-democracy figures were sentenced to prison terms of up to 10 years on subversion charges at a separate national security trial. Among them was Joshua Wong, a former student leader and poster child of the city’s once thriving pro-democracy movement, who shouted “I love Hong Kong” before he left the dock.

Lai’s testimony comes just weeks after Donald Trump, who has previously vowed to free the media tycoon, won the White House and has announced a proposed cabinet stacked with multiple China hawks.

Britain has also called for the release of Lai, who has a British passport. On Monday, UK Prime Minister Keir Starmer raised the issue with Chinese leader Xi Jinping on the sidelines of the G20 summit in Brazil. “We’re concerned by reports of Jimmy Lai’s deterioration,” Starmer told Xi in their first meeting.

Lai has been in jail since December 2020 awaiting trial on multiple charges linked to his support for Hong Kong’s democracy protest movement through his media business. He was the founder of Apple Daily, a pro-democracy, anti-Beijing newspaper that was forced to shut down in 2021.

Lai faces two counts of colluding with foreign forces, a crime under a sweeping national security law introduced in 2020 that has transformed Hong Kong, as well as a separate sedition charge. He has pleaded not guilty to all charges and faces a maximum sentence of life in prison if convicted.

The trial, which began in December 2023, is the most high-profile prosecution of a Hong Kong media figure since the city was handed over from British to Chinese control in 1997. It is resuming from a lengthy pause after Lai’s attorneys’ unsuccessful attempt to have the charges dismissed.

Around 100 people waited in line under cold rain on Wednesday morning ahead of the trial testimony, with some expressing support for the media tycoon.

Prosecutors allege that articles published by Apple Daily violated Hong Kong’s national security law by calling for overseas sanctions against the city’s leaders following the imposition of a landmark national security law in 2020.

Chinese and Hong Kong officials say the law, enacted in the wake of anti-government protests in 2019, has “restored stability” and closed loopholes that allowed “foreign forces” to undermine China.

But critics say it has decimated Hong Kong’s freedoms and altered the city’s legal landscape.

Like all national security trials in Hong Kong, Lai’s trial does not have a jury and is presided over by three judges picked from a national security committee that is approved by Hong Kong’s leader.

Lai reached out to Trump

Lai, a businessman who made a fortune selling clothing before becoming a publisher, has long been an unapologetic thorn in Beijing’s side, openly using Apple Daily as a vehicle to criticize Chinese leaders since its founding in 1995.

A devout Catholic and a known vocal supporter of Trump, Lai had lobbied extensively overseas for foreign governments to apply pressure on China over Hong Kong, something that infuriated leaders in Beijing. At the height of the protests in 2019, Lai traveled to Washington, where he met with then Vice President Mike Pence and other US politicians to discuss the political situation in Hong Kong.

Lai had long held a conviction that Trump and the US government should not shy away from supporting Hong Kong’s civil liberties, which are key for the city’s status as a conduit between China and international markets.

Prosecutors have argued that Lai’s actions and his newspaper’s publishing amounted to lobbying for sanctions against Beijing and Hong Kong, something that is prohibited by the national security law. His lawyers have countered that Lai stopped doing so after the national security law came into effect on June 30, 2020.

During Trump’s first term as president, the US government ended Hong Kong’s special trade status and signed into law an act that authorized sanctions on the city’s officials over China’s crackdown in Hong Kong.

Hong Kong’s current leader, John Lee, the city’s security chief during the landmark 2019 protests, is among those on the US sanctions list, which also includes the city’s former leader and current chief justice.

At a news conference earlier this month, Lee did not directly answer questions about how he would deal with Trump’s return to the presidency.

Lee said there should be “respect for the non-interference with local affairs, internal affairs” of the city, and said Hong Kong values the rule of law.

“We desire mutual respect with all countries, including the US, because trade is beneficial for both sides,” he said.

Last month, conservative podcast host Hugh Hewitt asked Trump whether he can speak with Xi and free Lai, if he is re-elected.

Trump replied “100%, I’ll get him out” and said that it would be “so easy” to free the detained media tycoon, without providing further details.

But Chinese and Hong Kong leaders have long bristled at any criticism leveled by Western governments at the national security crackdown in Hong Kong and have repeatedly condemned Lai in statements issued both before and throughout his trial.

“Jimmy Lai is a key instigator of anti-China activities, and his collusion with external forces to disrupt Hong Kong and incite division is well-known,” China’s foreign ministry office in Hong Kong said in a statement last week. “Hong Kong courts are conducting fair trials on actions that threaten national security, which is a necessary step to uphold both national security and the rule of law.”

How Hong Kong has changed

After the national security law was imposed, many opposition and pro-democracy figures responsible for organizing the protests were arrested without bail, and many civil organizations have since shut down.

A once outspoken city of 7.5 million, where protests were once common, has turned into something resembling a mirror of the authoritarian Chinese mainland with a who’s who of opposition figures behind bars and other critical voices silenced or fled overseas.

In March, Hong Kong lawmakers unanimously passed a second national security law, known as Article 23, expanding powers to cover acts of treason, espionage, external interference and unlawful handling of state secrets, following an unusually hasty debate that lasted just 11 days.

Dozens of pro-democracy leaders have been sentenced to lengthy jail terms in recent years, while Hong Kong police have issued HK$1 million ($128,000) bounties for self-exiled activists.

The day before Lai began his testimony, more than 40 of Hong Kong’s best known pro-democracy figures were sentenced to jail terms of up to 10 years on subversion charges at the largest national security trial to date.

Once a bastion of press freedom in China, Hong Kong has seen its once vibrant local media landscape wither since Beijing imposed the national security law on the city, with Chinese-language media hit particularly hard.

Outspoken local news outlets, such as Apple Daily and Stand News, were forced to shut down in recent years.

Several foreign media and non-governmental organizations have also since chosen to relocate their headquarters elsewhere, citing the changing political landscape. However, many international media outlets still operate in the city – and it remains home to many foreign journalists.

Reporters Without Borders (RSF) ranked Hong Kong at 135 out of 180 places in its annual press freedom ranking. Its 2023 ranking was a big drop from 73rd in 2019 and 18th in 2002. China ranked 179, according to the press rights organization.

Lee, has repeatedly denied media freedoms have faded, and urged both local and foreign press to “tell good stories” about the city.

This post appeared first on cnn.com

Dental care supplier Henry Schein advanced in Monday trading as investors bet that Robert F. Kennedy Jr., President-elect Donald Trump’s pick for Health and Human Services secretary, could recommend removing fluoride from the U.S. water system, a move that would lead to a boom in dental visits.

Shares of Henry Schein shares jumped nearly 5%, on track for its best day since July. Fellow dental product makers Dentsply Sirona and Envista also edged higher in the session.

Monday’s moves come as investors ready for public health changes under a second Trump administration. Kennedy posted on X before the presidential election this month that a “Trump White House will advise all U.S. water systems to remove fluoride from public water.”

Fluoride has long been shown as an effective method for fighting cavities. But the mineral has found itself at the center of a nationwide fight that’s led some local communities to end programs centered on its insertion into public water.

While Kennedy will need to win Senate approval to take the job, market participants are already zeroing in on a group of stocks that make dental hygiene products as potential beneficiaries of his policies. That’s because taking fluoride out of water would actually put the tooth cleaning industry in higher demand as consumers look elsewhere to fight cavities, according to firm Gordon Haskett.

“The thought here is RFK will bring to HHS a voice that is in favor of reducing, or eliminating, the amount of fluoridation that is added to drinking water,” Don Bilson, Gordon Haskett’s head of event-driven research, told clients in a Monday note. “This will, in turn, lead to an acceleration of tooth decay and more dental visits.”

Given this, Henry Schein and other stocks in the space offer a bright spot within a sector that has largely struggled since the election. The Health Care Select Sector SPDR Fund (XLV) has tumbled around 3.5% in November, putting it on track for its first three-month losing steak since last year. By comparison, the broad S&P 500 has climbed more than 3% in the month.

Gordon Haskett’s Bilson also pointed out that dental stocks were some of the few “spared” health-focused equities as investors responded to the announcement of Kennedy’s nomination last week. Pharmaceutical names were under pressure given Kennedy’s reputation as a vaccine skeptic, while processed food stocks took a hit as traders geared up for increased scrutiny of so-called junk food.

“It caused widespread selling across the healthcare landscape,” Bilson said of the decision to select Kennedy. “Drugmakers, contract research organizations, and health insurers all felt the quake. Rather than stop there, the damage spilled into packaged foods. And advertising.”

While the market appears to be moving on Kennedy’s nomination, Bilson said that regulatory changes would likely take years to come into effect. He also noted that drinking water should fall more under the Environmental Protection Agency than Health and Human Services.

This post appeared first on NBC NEWS

Trump Media is reportedly in “advanced talks” to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the talks.

The news sent shares of both companies soaring.

Trump Media, which is majority-owned by President-elect Donald Trump, shot up by double digits minutes after the FT report was published.

The company, which operates the Truth Social app and trades on the Nasdaq as DJT, closed more than 16% higher.

Shares of Bakkt — which was created by Intercontinental Exchange, the owner of the New York Stock Exchange — skyrocketed more than 162% amid repeated trading halts due to volatility.

Kelly Loeffler, a previous CEO of Bakkt, is the co-chair of Trump’s inauguration committee.

Loeffler, who is married to Intercontinental Exchange CEO Jeffrey Sprecher, left as Bakkt’s top executive in 2019 when Georgia Gov. Brian Kemp appointed her to the U.S. Senate seat vacated by Sen. Johnny Isakson, who resigned due to health reasons.

Loeffler was defeated by Democratic Sen. Raphael Warnock in a runoff for a special election for her Senate seat.

Trump Media has seen its market value rise and fall by billions of dollars in the run-up to the 2024 presidential election, as retail investors bet on the Republican’s momentum and political prospects.

While Trump Media has reported a $363 million net loss on revenues of just $2.6 million so far this year, it boasts a market cap above $7 billion.

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

This post appeared first on NBC NEWS

Walmart’s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect.

“We never want to raise prices,” he said in an interview with CNBC on Tuesday. “Our model is everyday low prices. But there probably will be cases where prices will go up for consumers.”

Rainey added that it’s too soon to say which products could cost more due to the tariffs.

Walmart’s CFO weighed in on the potential policy change as the company beat Wall Street’s earnings and sales expectations and hiked its full-year forecast.

Walmart’s comments are the latest warning from U.S. retail leaders about the potential blowback from from the duties. During Trump’s presidential campaign, he said he would impose a 10% to 20% tariff on all imports, including levies as high as 60% to 100% for goods from China.

In a statement earlier this month, National Retail Federation CEO Matthew Shay described across-the-board tariffs as “a tax on American families.” He said it “will drive inflation and price increases and will result in job losses.”

The prospect of increased prices comes as inflation has moderated in the U.S., after years of stretching consumers’ wallets.

Other retailers and brands have also spoken out about the potential drawbacks of the tariffs. E.l.f. Beauty CEO Tarang Amin told CNBC in an interview earlier this month that the company could be forced to raise prices if the higher duties take effect. Footwear maker Steve Madden said it will reduce the goods it imports from China by as much as 45% over the next year to try to avoid the financial impact.

The majority of goods Walmart sells are not at risk of tariffs. Rainey said about two-thirds of the items that Walmart sells are made, grown or assembled in the U.S.

Like other companies, Walmart has tried to import from different parts of the world rather than rely heavily on China or any one country, he said. Rainey added that levies placed during Trump’s first administration already caused the company to adjust.

“We’ve been living under a tariff environment for seven years, so we’re pretty familiar with that,” he said. “Tariffs, though, are inflationary for customers, so we want to work with suppliers and with our own private brand assortment to try to bring down prices.”

Like Walmart, Lowe’s said it’s also made moves to diversify its supply chain. The home improvement retailer addressed the potential levies as it reported earnings on Tuesday.

CFO Brandon Sink said about 40% of the company’s cost of goods sold comes from outside of the U.S., including direct imports and merchandise from national brands. He said tariffs “certainly would add product costs,” but added “timing and details remain uncertain at this point.”

“We believe we’re well prepared to respond when and if it does happen,” he said.

— CNBC’s Gabrielle Fonrouge contributed to this report.

This post appeared first on NBC NEWS

Good morning and welcome to this week’s Flight Path. Equities saw the “Go” trend continue this week but we saw weaker aqua bars at the end of the week. Treasury bond prices painted strong purple “NoGo” bars as the weight of the evidence suggested the “NoGo” will continue. U.S. commodities painted aqua “Go” bars after flirting with amber “Go Fish” bars of uncertainty last week. The dollar showed no weakness this week with an uninterrupted string of bright blue “Go” bars.

$SPY Paints Weaker “Go” Bars after High

The GoNoGo chart below shows that after hitting a new higher high on strong blue “Go” bars we saw a Go Countertrend Correction Icon (red arrow) signaling that price may struggle to go higher in the short term. Indeed, price fell in the following days, and GoNoGo Trend has painted weaker aqua bars. We will watch to see if price finds support at last month’s high. GoNoGo Oscillator also has fallen to test the zero line from above and we will watch to see if it finds support here as well. If the oscillator rallies back into positive territory we will look for price to make an attempt at another higher high.

A Go Countertrend Correction Icon (red arrow) has showed itself on the weekly chart after last week saw price fall into the end of the week. GoNoGo oscillator is in positive territory at a value of 3 and so no longer overbought. We will watch to see if it falls toward the zero line from here and if it does we will monitor for signs of support. GoNoGo Trend is painting strong blue “Go” bars as momentum remains positive confirming the direction of the trend.

Treasury Rates See Continued Strength

Treasury bond yields saw the “Go” trend continue this week and after a couple of weaker aqua bars the indicator showed a return to strength with bright blue bars all week as price rallied to challenge for new highs. GoNoGo Oscillator was perhaps responsible for the rally as we saw it bounce of the zero line into positive territory at the beginning of the week. Now, with GoNoGo Trend painting strong blue bars the oscillator is in positive territory at a value of 2.

The Dollar Remains at Elevated Levels

A week of strength propelled price to new highs again this week as GoNoGo Trend painted a string of unbroken bright blue “Go” bars. We are seeing a Go Countertrend Correction icon (red arrow) on the current bar as there is some waning momentum finally.  GoNoGo Oscillator has fallen out of overbought territory and is approaching the zero line. We will watch to see if it finds support as and when it gets there. If it rallies quickly back into positive territory we will see that as a sign of trend continuation for the greenback.

Today we explore the bullish sentiment that has taken SPX valuations to the moon. There are many out there that believe we have hit a plateau on prices that will continue permanently. We talk about the quote: “Stock prices have reached ‘what looks like a permanently high plateau,’ Irving Fisher, Yale economist, told members of the Purchasing Agents Association at its monthly dinner meeting…” When did this quote come out? Carl reviews our earnings chart.

Carl looks at our signal tables to get a sense of the condition of the market. Then he discusses his outlook for the market as well as covering Bitcoin, Yields, Bonds, Gold, the Dollar, among others.

After covering the market, Carl analyzes the short- and intermediate-term charts of the Magnificent Seven. NVDA reports earnings on November 18th.

Carl takes some time to look at Real Estate (XLRE) “under the hood” and discusses its nearing Dark Cross Neutral Signal that is on tap.

Erin covers sector rotation, comparing defensive sectors to aggressive sectors. She looks under the hood at Utilities which is a sector that is showing new momentum among the sectors. With a possible market decline continuing, this defensive area of the market could find favor and continue higher.

The pair finish with looking at viewer symbol requests with an eye toward the intermediate term today.

JOIN US LIVE on Mondays at Noon ET by registering to attend here: https://us06web.zoom.us/webinar/register/WN_D6iAp-C1S6SebVpQIYcC6g

TRY OUT any of our subscriptions for two week FREE using coupon code: DPTRIAL2 at checkout here: https://www.decisionpoint.com/products.html

01:03 “…a permanently high plateau”?

03:35 DP Signal Tables

05:50 Market Analysis

15:44 Magnificent Seven

21:44 Real Estate Sector

23:12 Questions

28:06 Sector Rotation

40:06 Symbol Requests


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


When looking for stocks to invest in, spotting strong stocks in promising sectors poised to bounce can be tricky and complicated. You have to forecast a sector’s likely position in the coming months, find stocks within those sectors that are relatively strong, and then dentify which ones are declining and which are near a bullish reversal.

Rather than following each stock individually to check if it meets the criteria, you can get a big-picture view with fewer steps using this tip for StockCharts’ highly useful MarketCarpets tool.

The first step is to analyze each sector, which you’ve hopefully included as part of your ChartLists. If you don’t have an S&P Sectors ChartList, it’s time to create one. If you read my article last week, you’d know that the strongest month for the Communications Services sector (using XLC as our proxy) is January. Right now, the sector is starting to pull back, yet XLC’s StockChartsTechnicalRank (SCTR) stands at 94, above the ultra-bullish 90 range.

You can also confirm this by opening up your MarketCarpets, selecting S&P Sector ETFs in the Select Group menu, selecting Bollinger Band Position in the Measurements menu, and selecting Latest Value in the Color By menu.

FIGURE 1 MARKETCARPETS CHART OF SECTOR ETFS. Notice that XLC is between +100 and -100, meaning it’s above the middle Bollinger Band.Image source: StockCharts.com. For educational purposes.

The Bollinger Band Position tells you where the stock is within the indicator:

  • If the stock is near the top line, it’s close to +100.
  • If it’s near the bottom line, it’s closer to -100.
  • If it’s around the middle line (the average), it’s near 0.

XLC, the Communications sector proxy, is above the middle band and declining. So, why choose XLC over other sectors that are also declining but likely to bounce? Because XLC has an SCTR score of 94, and its seasonality profile is more favorable than the others.

FIGURE 2. SEASONALITY CHART OF XLC. January is a strong month for XLC and tends to outperform the S&P 500.Image source: StockCharts.com. For educational purposes.

The sector tends to decline in November but rises in December and January, its strongest seasonal month relative to the S&P 500.

Now go back to MarketCarpets and, under the Select Group menu, click on the Communications Sector.

FIGURE 3. MARKETCARPETS CHART OF THE COMMUNICATIONS SECTOR. Quite a mixed bag of stocks spread all over the upper and bottom bands.Image source: StockCharts.com. For educational purposes.

Remember the objective of this particular stage: You’re looking for strong stocks near the middle Bollinger band.

Now that you can see where each stock is positioned relative to the middle band, you’ll want to check their SCTR scores and overall momentum on a daily chart. Review each stock that meets the criteria and catches your interest.

This morning, I found DoorDash (DASH), part of the Internet industry group, to be particularly interesting. It currently has a Bollinger Band Position of 53%. While DoorDash may not be the flashiest stock on Wall Street, it plays a key role in helping families by providing meal delivery when they’re short on time. Take a look at a daily chart of DoorDash below.

FIGURE 4. DAILY CHART OF DASH. The stock may be bound for a pullback. However, it also displays more buying pressure than its other sector peers.Chart source: StockCharts.com. For educational purposes.

If you go through the list of stocks in the previous MarketCarpets chart, you’ll find that many of the bigger names either lack buying pressure or display selling pressure based on the Chaikin Money Flow (CMF). The CMF may be receding a bit here, and surprisingly, buyers jumped in to scoop up shares of DASH as soon as it began dipping. However, DASH is in overbought territory according to the Money Flow Index (MFI), suggesting that further declines might be possible (unless buyers en masse decide that now’s the time to jump in).

Ideally, the price would fall closer to the middle Bollinger Band, which coincides with the second and third quadrant lines, both levels indicating strength within a pullback (see green rectangle). The bottom quadrant line marks the lowest swing point. If DASH closes below this level, then the current uptrend will no longer be valid.

Closing Bell

Finding the right stocks is all about following a structured process. By combining MarketCarpets with the Bollinger Band Position view, you can get a clearer picture of stocks positioned for a potential bounce. Start with sector analysis and drill down to find the best picks. Not only does this approach save time, it’s one of the few efficient ways to go through this process both quickly and effectively, which is a key advantage in a rapidly changing market.


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.