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SP600 (IJR) Silver Cross BUY Signal May Arrive Too Late

Today on the SP600 (IJR) the 20-day EMA nearly crossed above the 50-day EMA for a “Silver Cross” IT Trend Model BUY Signal. Price is really going nowhere. Bulls might look at it as a bull flag, but the ‘flag’ is horizontal, not trending lower. That setup doesn’t usually execute as you’d expect with a breakout move that flag formations call for. The announcement of tariffs on Friday did set the market up for a strong downside reversal and IJR was hit fairly hard.

This signal will definitely be late to the party should it trigger as we had expected it to today. The signal may not occur as a drop beneath the 50-day EMA would likely negate a Silver Cross. The PMO is still rising and is above the zero line now, but price just doesn’t look healthy. Participation of stocks above their key moving averages is trending somewhat lower. They do read above our bullish 50% threshold but not by much. This looks like an index that is weakening, not strengthening on a BUY Signal.

Conclusion: The index opened higher, but IJR struggled after the tariff announcement, more so than the SPY. It may be close to a Silver Cross BUY Signal, but it doesn’t look ready to breakout. Participation is slowly thinning. We would be careful with the market as a whole right now, but IJR looks especially weak.

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Legal experts say Kash Patel’s opposition to warrant requirement is not a major split

Kash Patel, President Donald Trump’s pick for FBI director, claimed Thursday that he won’t stand for federal law enforcement needing a warrant for surveillance in some scenarios because it’s plainly impractical in real-time practices. Despite lawmakers’ surprise at his opposition, legal experts say his take is far from unusual within the law enforcement arena.

Patel was peppered with questions Thursday on a provision called Section 702 of the Foreign Intelligence Surveillance Act. When asked if he believed that a warrant requirement is ‘practical and workable or even a necessary element of 702,’ Patel said he had issues with ‘those that have been in government service and abused it in the past.’ Patel said that because of the viability of abuse, ‘we must work with Congress to provide the protections necessary for American citizens dealing with these matters.’

‘Having a warrant requirement to go through that information in real time is just not comported with the requirement to protect American citizenry,’ Patel said during his Senate hearing. ‘I’m all open to working with Congress on finding a better way forward. But right now, these improvements that you’ve made go a long way.’

‘The fact that the soon-to-be head of the nation’s, sort of, top law enforcement agency takes the position that is favored by law enforcement shouldn’t surprise anybody,’ former assistant district attorney and criminal defense attorney Phil Holloway told Fox News Digital. 

‘When Mr. Patel answered the question the way that he did, that answer is adverse to the public positions taken by lawmakers on both sides of the aisle.’ 

Patel, throughout his testimony, emphasized his interest in working with Congress if he were to head the FBI.

‘Some lawmakers have absolutely called for the necessity of a warrant in these situations. And so it makes sense that the senators would ask the nominee to run the FBI whether or not he has an opinion on it,’ Holloway continued. ‘But, ultimately, it’s not his call.’

‘I’ve always thought that there’s a middle ground here where you don’t have to. And I think there are some situations that warrant a warrant and deserve a warrantless search,’ Palm Beach County, Fla., state attorney Dave Aronberg told Fox News Digital. ‘And I think Patel’s remarks show that he thinks the same way.’

Aronberg noted that under U.S. law, there is a warrant exception under exigent circumstances, i.e. emergency situations, where it is impractical to obtain a warrant. 

‘What Kash Patel is saying is that there may be some situations that may be in that gray area where you shouldn’t have to get a warrant,’ Aronberg said. ‘And I am encouraged by his comments because I do think that law enforcement needs flexibility when it comes to national security matters, especially with the very real threat of terrorism here on our shores.’

Congress voted to pass a renewal of FISA’s Section 702 last April. The legislation serves as a governmental tool in gathering intelligence on foreign subjects using the compelled assistance of electronic communication service providers. 

If the renewal had not been passed, the expiration would have meant companies would not be forced to comply with the government’s requests for surveillance aid under the bill. 

Without the FISA section’s reauthorization, the government would be required to seek a warrant to compel any such assistance, which is a process that can span extended periods of time. 

Earlier this month, a federal district court ruled that the federal government had violated the Fourth Amendment when it searched the communications of an Albanian citizen residing in the U.S. at the time of his arrest without a warrant. The information had been collected under FISA’s Section 702. 

‘The individual rights of people in the United States under our Constitution come first,’ Holloway said. ‘So having constitutional requirements that sort of frustrate or perhaps slow down law enforcement, this is a tension that is not new at all. And so what we’re seeing is this playing out.’

Fox News Digital’s Liz Elkind and Julia Johnson contributed to this report. 

This post appeared first on FOX NEWS
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‘Important lesson’: Conservative activist reveals ‘fascinating’ experience at liberal Sundance Film Festival

A documentary about bridging the political divide in one of the most hotly contested battleground counties in the United States debuted at the Sundance Film Festival this week, leading some to conclude that the historically liberal festival is moving toward the center. 

‘One of the things that is fascinating about ‘Bucks County, USA’ being chosen as an official selection at Sundance is it appears, in the era of Trump being re-elected, the well-known left-leaning Sundance Film Festival is moving to the middle,’ Paul Martino said. ‘There is a new openness to dialogue,’ 

Martino, the founder of Bullpen Capital, told Fox News Digital about the documentary series ‘Bucks County, USA’ being screened at Sundance, a Utah festival known for screening films promoting liberal causes and being a place for anti-Trump demonstrations.

Martino, who is featured in the film, told Fox News Digital that the five-part docuseries is ‘all about the political divisions that happen in the United States focused on where I live, Bucks County, USA.’

It is about all of the post-COVID policies and all of the things that happened at the school board level once a lot of the parents’ rights movement started, and the film dives into a lot of detail about the political division that happened, and it focuses, ironically, on the friendship of my daughter and her best friend, who is what I would describe as my political rival’s daughter,’ Martino explained. 

Martino, a conservative, told Fox News Digital walking around Sundance was a ‘fascinating’ experience and that he encountered many people who seemed to be open to the movie’s message of listening to the other side.

‘Obviously, it is a rather left-leaning crowd in general. But even the people behind Sundance, the people who pick the films this year, said that they felt this film, ‘Bucks County, USA,’ was very important because it was in a Trump re-elected era,’ Martino said. 

‘Understanding and speaking to the other side and understanding who the other side is is important.

‘One of the amazing stories told by one of the filmmakers at Sundance was there’s a guy sitting next to me in a MAGA hat who I would have never talked to on the plane had I not made this movie and realized he had a lot to say to me. And the fact that this film affected even the filmmakers, I think, is a really interesting and important lesson for the rest of the country.’

While many people at Sundance were receptive to the film, Martino told Fox News Digital he did encounter some opposition from people at a question-and-answer session after the screening. 

‘I would say one of the only disappointments of the experience was I felt that some people in the crowd, you know, it’s an honor to be in the Q&A at the end of the series and, look, we had everybody up there. We had people who really don’t like each other, who disagree vehemently, and I think it was lost on the audience that all of us were standing there,’ Martino said. 

‘The fact that we all agreed to be part of this, the fact that we were all there and I got asked a question or two that were directed in my direction that I felt were a little bit inflammatory and I kind of chuckled to myself thinking, ‘Did you just watch the movie? And did you just see the fact that we’re all here? Maybe you missed a little something there.”

This post appeared first on FOX NEWS
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Trump official travels to Venezuela to negotiate deal for deporting Tren de Aragua gang members

President Donald Trump’s envoy for special missions, Richard Grenell, has traveled to Venezuela to deliver an in-person message to socialist dictator Nicolás Maduro about accepting violent criminals deported from the United States.

On a call with reporters Friday, Mauricio Claver-Carone, the U.S. special envoy to Latin America, said Grenell will tell Maduro to take back all the Venezuelan criminals and Tren de Aragua gang members that have been ‘exported to the United States, and to do so unequivocally and without condition.’ 

Grenell will also demand that Veneuzeula immediately release American hostages being held in that country, Claver-Carone said.

The trip ‘focuses on two very specific issues. That we expect that Venezuelan criminals and gangs will be returned, as they are, to every country in the world, without conditions, and two, that American hostages need to be released immediately, unequivocally,’ he explained. 

‘This is not a quid pro quo. It’s not a negotiation in exchange for anything. President Trump himself has made that very clear.’ 

White House press secretary Karoline Leavitt confirmed Friday that Grenell had arrived in Venezuela on orders from the president. 

Despite widespread belief among Venezuelans and much of the international community that Maduro lost the 2024 Venezuelan presidential election to opposition candidate Edmundo González Urrutia, he was sworn into his third six-year term earlier this month.

The U.S. does not recognize Maduro as the legitimate head of state of Venezuela.

Opposition leader María Corina Machado has called on Venezuelan citizens to protest the Maduro regime and demand that González be installed as the rightful president of Venezuela.

As many as 10 Americans are currently detained in Venezuela, although the State Department has not declared them wrongfully detained. Three are U.S. citizens who allegedly participated in a plot to destabilize the country, according to Venezuelan Interior Minister Diosdado Cabello.

The State Department has denied any U.S. involvement with a plot to overthrow Maduro. 

It remains unclear how many Americans are currently held in Venezuela following the significant prisoner swap in 2023 when Washington and Caracas negotiated the release of dozens of prisoners, including 10 Americans, in exchange for Colombian businessman Alex Saab, a close ally of Maduro.

Saab was arrested during the first Trump administration on charges related to a $350 million bribery scheme. 

This post appeared first on FOX NEWS
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Since taking office, what are the legal challenges launched against the Trump admin?

Since taking office, President Donald Trump and his administration have become the target of multiple lawsuits over the president’s agenda and policies. 

The Trump White House has faced numerous legal challenges, including deportation policies, an executive order to end birthright citizenship and a directive to freeze federal funding.

Birthright citizenship 

On the day of his inauguration, Trump signed an executive order ending birthright citizenship for children of illegal immigrants, with many legal experts arguing that the right is enshrined in the Constitution under the 14th Amendment.

‘The privilege of United States citizenship is a priceless and profound gift,’ Trump says in the order, titled, ‘Protecting the Meaning and Value of American Citizenship.’

The American Civil Liberties Union (ACLU) filed a lawsuit against the Trump administration that same day ‘on behalf of organizations with members whose babies born on U.S. soil will be denied citizenship under the order.’ The ACLU also claimed the order is unconstitutional and against congressional intent and Supreme Court precedent.

Eighteen Democrat-led states then launched their own lawsuit, also claiming the order is unconstitutional and ‘unprecedented.’ 

‘The President has no authority to rewrite or nullify a constitutional amendment or duly enacted statute. Nor is he empowered by any other source of law to limit who receives United States citizenship at birth,’ the lawsuit reads.

Attorneys general from New Jersey, Massachusetts, California, Colorado, Connecticut, Delaware, Hawaii, Maine and others signed on to the suit, along with the city and county of San Francisco, Calif., and Washington, D.C.

A U.S. district judge also temporarily blocked Trump’s order in a separate lawsuit filed by the states of Arizona, Illinois, Oregon and Washington, describing the action as ‘blatantly unconstitutional.’

Mass deportations

Several Chicago sanctuary city groups filed a lawsuit against the Trump administration over its mass deportation policy, saying it violates their First Amendment rights. 

The suit, filed by Brighton Park Neighborhood Council, Organized Communities Against Deportations, Illinois Coalition for Immigrant and Refugee Rights Inc., and Raise the Floor Alliance, states that ‘the threat of ICE agents flooding into communities has already impacted Chicagoans and chilled their rights to freely exercise their religion and assemble.’

Ending DEI policies

Trump also signed an executive order ending all federal diversity, equity and inclusion (DEI) programs. On Monday, the president signed an order stating that the ‘adoption of a gender identity inconsistent with an individual’s sex conflicts with a soldier’s commitment to an honorable, truthful, and disciplined lifestyle, even in one’s personal life.’

Six transgender military members filed suit against the Trump administration, arguing that the order is unconstitutional and violates the Equal Protection component of the Fifth Amendment.

‘Rather than being based on any legitimate governmental purpose, the ban reflects animosity toward transgender people because of their transgender status,’ the suit claims. 

Freezing federal aid funding 

The Office of Management and Budget issued a memo on Monday with a directive to pause all federal grants and loans aiming to eradicate ‘wokeness’ and the ‘weaponization of government’ in an effort to improve government efficiency. The memo claims that nearly $3 trillion was spent in 2024 on such assistance programs. 

The White House shortly thereafter insisted that the freeze did not affect programs such as Social Security, Medicare or other entitlement payments.

Alongside Senate Democrats announcing a coordinated response with Democratic governors, blue state attorneys general, along with advocacy and non-profit groups, filed their own suits over the directive. 

On Tuesday, New York Attorney General Letitia James led a coalition of 22 other attorneys general suing to stop the implementation of the memo.

Likewise, a handful of non-profit organizations and health associations, including a LGBTQ+ advocacy group, filed a lawsuit Tuesday over the directive.

A federal judge on Tuesday imposed a stay on Trump’s action, delaying it until Monday.

Fox News Digital’s Adam Shaw, Breanne Deppisch and Chris Pandolfo contributed to this report. 

This post appeared first on FOX NEWS
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NHL salary cap to take significant jump next three seasons

The NHL salary cap is set to take a significant leap during the next three seasons.

Currently sitting at $88 million, the upper limit of the salary cap is projected to rise to $113.5 million by the 2027-28 season, according to an agreement between the league and the NHL Players’ Association announced on Friday.

The annual increases will be $7.5 million next season, $8.5 million for 2026-27 and $9.5 million for 2027-28.

That’s a major change from 2020-24 when the salary cap was mostly flat ($81.5 million to $83.5 million) because of the lost revenue from the COVID pandemic. This season, the cap ceiling jumped by $4.5 million.

The league and players association said they intend to meet to discuss other aspects of the collective-bargaining agreement, which expires in September 2026.

NHL PAY: Top players by cap hit, salaries

NHL salary cap for the next three seasons

The 2026-27 and 2027-28 seasons could have minor adjustments up or down based on revenues:

2025-26

  • Upper limit: $95.5 million
  • Lower limit: $70.6 million

2026-27

  • Upper limit: $104 million
  • Lower limit: $76.9 million

2027-28

  • Upper limit: $113.5 million
  • Lower limit: $83.9 million
This post appeared first on USA TODAY
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NHL tracker: Flyers, Flames swap forwards in four-player trade

Fewer than six weeks remain before the NHL trade deadline.

So far, there have been 19 trades (including a January blockbuster between the Colorado Avalanche and Carolina Hurricanes), four coaching changes, plus extensions signed by Igor Shesterkin, Jake Oettinger, Logan Thompson, Alexis Lafreniere, Linus Ullmark and others this season. Other top players also remain eligible for extensions, including Mitch Marner, John Tavares and Brock Boeser plus just-traded Mikko Rantanen.

There will be more trades as teams build toward a Stanley Cup run or make moves for their long-term future. The trade deadline is March 7.

Follow along here this season for signings, trades, transactions and other news from the NHL:

Jan. 31: Flyers, Flames swap forwards in four-player trade

Joel Farabee and Morgan Frost went to Calgary and Andrei Kuzmenko, Jakob Pelletier, a 2025 second round pick and a 2028 seventh-rounder went to Philadelphia. The deal was announced early Friday morning following the two teams’ games.

Farabee, a two-time 20-goal scorer, and Frost, who has hit double digits three times, can give the Flames scoring depth as the team tries to hold on to a playoff spot. Both are 24. Farabee is signed through 2027-28 and Frost is a pending restricted free agent.

Kuzmenko, a pending unrestricted free agent, wasn’t going to be re-signed in Calgary after the former 39-goal scorer (with Vancouver) had four goals this season. But it gives the Flyers a chance to see how he fares with Russian rookie Matvei Michkov, a fellow former Kontinental Hockey League player. Pelletier can fit in the Flyers’ bottom six forward group and kills penalties. He’ll be a restricted free agent.

Also: The New York Islanders claimed defenseman Adam Boqvist off waivers from the Florida Panthers and sent rookie Isaiah George to the American Hockey League. The Islanders recently added defensemen Tony DeAngelo and Scott Perunovich after injuries to Noah Dobson and Ryan Pulock.

Jan. 29: Kraken waive goalie Philipp Grubauer

The Seattle Kraken placed former No. 1 goalie Philipp Grubauer on waivers and plan to send him to the American Hockey League if he clears. Grubauer, who was the team’s top goalie early in the franchise’s history, has been supplanted by Joey Daccord. Grubauer has lost six in a row for the second time this season and has a 3.83 goals-against average and .866 save percentage in 21 appearances. He’s signed through 2026-27 at a $5.9 million cap hit.

Jan. 29: Kings’ Drew Doughty to make season debut

The Los Angeles Kings get a key player back with defenseman Drew Doughty scheduled to make his season debut Wednesday night against the Florida Panthers. The 2016 Norris Trophy winner, who broke his ankle in the preseason, has had at least 50 points the past two seasons and Brandt Clarke is the only Kings defenseman close to that pace this season. Los Angeles’ power play has also dropped from 12th last season to 29th this season. Doughty’s return also puts him in the mix for a spot on Team Canada at the 4 Nations Face-Off after the withdrawal of Alex Pietrangelo. Doughty won gold medals at the 2010 and 2014 Olympics and the 2016 World Cup.

Also: Philadelphia Flyers goalie Samuel Ersson will replace injured New Jersey Devils netminder Jacob Markstrom for Team Sweden at the 4 Nations Face-Off. … Devils coach Sheldon Keefe announced that captain Nico Hischier is week-to-week with an unspecified injury.

Jan. 28: Wild’s Kirill Kaprizov needs surgery for lower-body injury

Minnesota Wild star Kirill Kaprizov will have surgery for the lower-body injury that had kept him out of the lineup for 12 games after Christmas. General manager Bill Guerin said the surgery isn’t season-ending, but will keep him out the lineup for a minimum of four weeks. Kaprizov had 50 points in 34 games before the injury and two assists in three games after he returned but was ‘very uncomfortable,’ coach John Hynes said. The Wild went 7-5 without Kaprizov and are third in the Central Division.

‘It’s not the end of the world,’ Guerin said. ‘We’re going to keep playing and continue to get better. When Kirill’s healthy and all healed up, he’ll be back and we’ll be even better.’

Also: The St. Louis Blues placed forward Brandon Saad on waivers and will send him to the American Hockey League if he clears. Saad, 32, who had 26 goals last season, has seven in 43 games. He’s signed through next season at a $4.5 million cap hit.

Jan. 27: Capitals’ Logan Thompson gets six-year extension

Washington Capitals goaltender Logan Thompson will average $5.85 million in the extension, up from his current $766,667 cap hit. Thompson has been one of the top stories and goaltenders this season. Acquired in the offseason, he has put together a 22-2-3 record, 2.09 goals-against average and .925 save percentage. He ranks second in the league in MoneyPuck’s goals saved above expected. Thompson, 27, mostly has split time with Charlie Lindgren (11-9-2), who’s a pending unrestricted free agent, and the pairing has helped lift the Capitals to the top record in the league. ‘With his size (6-4) and exceptional athleticism, we are confident that this signing will enhance one of the most critical positions on our team, especially as he enters the prime years of his career,’ Capitals general manager Chris Patrick said in a statement.

Jan. 27: Islanders acquire Scott Perunovich from Blues

The New York Islanders give up a conditional 2026 fifth-round pick for Scott Perunovich to address another injury on their blue line. The trade was announced after Ryan Pulock (upper body) was placed on the injured list. Perunovich had six points in 24 games with the St. Louis Blues this season. Last week, the Islanders signed free agent defenseman Tony DeAngelo for the remainder of the season because Noah Dobson is out with a lower-body injury.

Jan. 26: Rangers sign Will Borgen to five-year extension

New York Rangers defenseman Will Borgen, who was acquired in the Kaapo Kakko trade, will average $4.1 million in the deal, according to ESPN. Borgen has three points, 29 hits and 29 blocked shots since arriving in New York.

Also: The Vegas Golden Knights announced that defenseman Alex Pietrangelo was withdrawing from the 4 Nations Face-Off to ‘tend to an ailment and prepare for the remainder of the regular season with Vegas.’ Team Canada will need to announce a replacement before the Feb. 12-20 tournament.

Jan. 24: Mikko Rantanen traded in blockbuster deal

The Colorado Avalanche no longer have to worry whether they can fit pending free agent Mikko Rantanen in their salary structure. The two-time 100-point scorer was traded to the Carolina Hurricanes for Martin Necas, Jack Drury, a 2025 second-round pick and a 2026 fourth-rounder. The Hurricanes also get Taylor Hall from the Chicago Blackhawks, who retained 50% of Rantanen’s salary.

The Avalanche pay MVP Nathan MacKinnon $12.6 million a year, and that was likely their top limit for Rantanen. Though Colorado loses a prolific scorer, Necas is the Hurricanes’ top scorer and is signed through next season. Drury is also signed through 2025-26 and will be a restricted free agent.

Last year, the Hurricanes were also aggressive before the deadline, but they lost in the second round and weren’t able to re-sign Jake Guentzel.

TRADE GRADES: Who won blockbuster deal?

Jan. 24: Devils’ Jacob Markstrom out with knee sprain

Jan. 17: Oilers sign John Klingberg for one year

The Edmonton Oilers added defensive depth by signing veteran John Klingberg for the remainder of the season. Terms weren’t disclosed.

Klingberg, 32, who had season-ending hip surgery in November 2023, is known for his puck-moving ability and work on the power play. He has 412 points in 633 games, plus 39 points in 63 playoff games.

The 2024 Stanley Cup finalists traded Cody Ceci and chose not to match an offer sheet to Philip Broberg during the offseason.

Jan. 15: Penguins place goalie Tristan Jarry on waivers

The Pittsburgh Penguins placed goalie Tristan Jarry on waivers after Tuesday’s 4-2 loss to the Seattle Kraken in which he gave up three goals on 17 shots. A Kraken short-handed goal leaked through him in the first period, and Seattle scored twice in 50 seconds in the third period to overcome a 2-1 deficit.

The veteran two-time All-Star was sent to the American Hockey League in late October and recalled on Nov. 9. Jarry is in the second season of a five-year contract that carries a $5.375 million cap hit. He has a 3.32 goals-against average and .886 save percentage.

‘He’s continued to come in here, put the work in and that’s not been a question at all,’ general manager Kyle Dubas said. ‘That just hasn’t materialized the way we would like it to on the ice. At this level, you get to the point where you have to do what’s right … for him and for us.’

Jan. 14: Canadiens’ Emil Heineman out after accident

Montreal Canadiens forward Emil Heineman will be out three to four weeks after being hit while crossing a street in Utah. The team said the accident occurred Monday and Heineman suffered an upper-body injury. ‘He got hurt crossing a street yesterday,’ coach Martin St. Louis told reporters on Tuesday. ‘I don’t think it was at a high speed but enough to cause some damage. It’s unfortunate.’ The Canadiens are in Salt Lake City to play the Utah Hockey Club. Heineman, 23, has 17 points in 41 games this season. He ranks third among NHL rookies with 10 goals.

Jan. 10: Oilers’ Evander Kane has knee surgery

Evander Kane will need more time before he makes his season debut after he had knee surgery on Thursday. The Edmonton Oilers said Kane would need four to eight weeks of recovery time, which will pause his rehab from the abdominal surgery he had in September. Kane, 33, had 24 goals last season plus eight points in the Oilers’ run to the Stanley Cup Final. He was unable to play the final five games of that round because he had been slowed in the playoffs by a sports hernia. He has another year left on his contract at a $5.125 million cap hit.

Also: The Ottawa Senators signed forward Ridly Greig to a four-year, $13 million contract extension.

Jan. 6: Rangers claim Arthur Kaliyev off waivers from Kings

Arthur Kaliyev, 23, had two seasons of double-digit goals, though he dropped to seven goals last season. He has yet to play in the NHL this season because of injury but completed a five-game conditioning stint. The former second-round pick averages about 12 minutes a game. He’ll likely fill a bottom-six role after the Rangers’ earlier trade of Kaapo Kakko.

Jan. 5: Ducks re-sign Frank Vatrano for three years

The Anaheim Ducks are often sellers leading up to the trade deadline, but they lock in their third-leading scorer, Frank Vatrano, for three years. He would have drawn a lot of interest if the Ducks had made him available. TSN’s Pierre LeBrun reports that the deal is worth $18 million but deferred money lowers the salary cap hit to $4.57 million. He scored 37 goals last season and has 20 points this season. He had a three-point night after the signing was announced.

Jan. 3: Bruins re-sign Mark Kastelic

The rugged forward’s deal averages $1.567 million a year. He was tied for the team lead with 76 penalty minutes and had 151 hits.

Dec. 28: Nashville Predators, Colorado Avalanche make trade

The Nashville Predators called up forward Vinnie Hinostroza, the American Hockey League’s leading scorer, then traded forward Juuso Parssinen to the Colorado Avalanche. The Avalanche also get a 2026 seventh-round pick and the Predators get back forward Ondrej Pavel and a 2027 third-round pick.

Hinostroza, a 374-game NHL veteran, signed a two-year deal with the Predators in the offseason but had spent the entire season in the AHL. So has Pavel. Parssinen had five points in 15 games with Nashville this season. The Predators and Avalanche swapped backup goaltenders earlier in the season.

Dec. 27: Avalanche give extension to Mackenzie Blackwood

The Colorado Avalanche gave goalie Mackenzie Blackwood a five-year extension 18 days after acquiring him in a trade. Terms weren’t disclosed, but reports said it was worth $5.25 million a year, up from the current cap hit of $2.35 million in his contract that expires this summer.

The Avalanche goaltending struggled at the beginning of the season, and Colorado traded Justus Annunen to the Nashville Predators for Scott Wedgewood on Nov. 30. The Avalanche shipped out Alexandar Georgiev to the San Jose Sharks on Dec. 9 for Blackwood.

Blackwood has gone 3-1 with a 2.03 goals-against average and .931 save percentage since arriving.

Dec. 26: Red Wings fire coach Derek Lalonde, hire Todd McLellan

The Detroit Red Wings fired coach Derek Lalonde on Thursday after two-plus seasons and brought in veteran Todd McLellan to try to turn around the season.

McLellan, 57, who won a Stanley Cup with the Red Wings as an assistant coach in 2008, was signed to a multi-year contract as the franchise’s 29th head coach. He has a 598-412-134 regular-season record over 16 seasons with the Los Angeles Kings, Edmonton Oilers and San Jose Sharks, making the playoffs nine times. He was with the Red Wings from 2005-08 and left after the championship season to join the Sharks.

Associate coach Bob Boughner also was fired, and Trent Yawney was hired as an assistant coach. The Red Wings had lost nine of their last 12 games to follow to seventh place in the Atlantic Division

Dec. 19: Bruins waive forward Tyler Johnson

The Boston Bruins placed forward Tyler Johnson on unconditional waivers for the purpose of terminating the one-year contract he signed in November. That would make him free to pursue opportunities with other teams. Johnson had two points in nine games this season and the move follows the Bruins claiming Oliver Wahlstrom off waivers.

Dec. 18: Rangers trade Kaapo Kakko to Kraken

The New York Rangers get back defenseman Will Borgen and 2025 third- and sixth-round picks in exchange for Kaapo Kakko, the No. 2 overall pick of 2019. The trade happened less than a day after Kakko complained about being a healthy scratch. ‘It’s just easy to take the young guy and put him out,’ he said Tuesday. ‘That’s how I feel.’

Kakko, 23, has never matched the expectation of being that high a pick, getting 40 points in his top season in 2022-23. He has 14 points this season and was named by Finland to the 4 Nations Face-Off.

The trade is the second recent shake-up move by the sliding Rangers, who dealt captain Jacob Trouba, a defenseman, to the Anaheim Ducks on Dec. 6. Borgen, who was taken by the Seattle Kraken in the expansion draft, had 20 or more points and averaged nearly 200 hits the past two seasons but has just two points and a minus-13 rating this season.

In other trades Wednesday:

The Montreal Canadiens and Nashville Predators swapped defensemen with Alexandre Carrier, 28, heading to Montreal in exchange for Justin Barron, 23. Carrier gives the Canadiens an experienced right-shot defenseman. He signed a three-year deal this offseason and the Predators save $2.6 million in cap space with the trade.

The Pittsburgh Penguins acquired defenseman P.O. Joseph from the St. Louis Blues for future considerations. Joseph will help the Penguins with defenseman Marcus Pettersson out with an injury. Joseph played his first four NHL seasons with Pittsburgh.

Dec. 18: Justin Schultz retires after 12 NHL seasons

Defenseman Justin Schultz, 34, who won back-to-back Stanley Cup titles with the Pittsburgh Penguins, announced his retirement after 12 seasons with four NHL teams. Originally drafted by the Anaheim Ducks in 2008, he couldn’t reach terms with that team and joined the Edmonton Oilers as a free agent in 2012, making the all-rookie team. Schultz was traded to the Penguins in 2016 and won championships that season and the following season. He played two seasons each with the Washington Capitals and Seattle Kraken, finishing his NHL career with 71 goals and 324 points in 745 games. Schultz signed to play in Switzerland this season but stepped down after eight games.

Dec. 14: Blues acquire Ducks’ Cam Fowler in trade

The St. Louis Blues give up minor league defenseman Jeremie Biakabutuka and a 2027 second-round pick to land defenseman Cam Fowler, 33, who spent his entire NHL career with the Anaheim Ducks. St. Louis also gets a 2027 fourth-round pick and the Ducks retain about 38.5% of Fowler’s remaining salary.

The Blues, who will be without Torey Krug (ankle) this season, get a veteran defenseman who averages more than 21 minutes a game in ice time. Fowler was moved eight days after the Ducks acquired defenseman Jacob Trouba in a trade.

“This was a difficult trade to make considering what Cam has meant to this organization,” general manager Pat Verbeek said. “He has been a valuable and respected member of our team for 15 seasons, representing the Ducks with ultimate class. … After meeting with Cam several times over the last few months, it became clear to both of us it may be time for a change.”

Also: The Boston Bruins claimed forward Oliver Wahlstrom off waivers from the New York Islanders. The Maine native had played for Boston College in 2018-19.

Dec. 13: Islanders waive Oliver Wahlstrom, Pierre Engvall

The New York Islanders have placed forwards Oliver Wahlstrom and Pierre Engvall on waivers, Sportsnet’s Elliotte Friedman reports. The move happened after injured forwards Mat Barzal and Anthony Duclair returned to practice. Engvall, who signed a seven-year contract in 2023, passed through waivers earlier this season and played six games in the American Hockey League. He has six points in 20 games. Wahlstrom, a 2018 first-round pick, has four points in 27 games.

Also: The Minnesota Wild claimed defenseman Travis Dermott off waivers from the Edmonton Oilers. The Wild placed defenseman Jake Middleton on long-term injured reserve after he was hit in the hand by a shot on Thursday night. … The Vegas Golden Knights signed forward Keegan Kolesar to a three-year, $7.5 million contract extension.

Dec. 12: Canucks’ J.T. Miller returns from personal leave

Vancouver Canucks forward J.T. Miller said he was returning from his personal leave and played Thursday night against the Florida Panthers. The Canucks announced his leave of absence on Nov. 19. The team went 5-3-2 while he was away.

Miller, who has 16 points in 17 games this season and topped 100 last season, said he wouldn’t answer questions about why he was away from the team.

‘I’m excited to play,’ he said. ‘I want to play and obviously a fun game against the defending champions. Just happy to be around the guys and looking forward to tonight.’

Miller skated a little more than 14 minutes, had two assists and won 60% of his faceoffs.

While he was away, he was named to Team USA for February’s 4 Nations Face-Off.

Also: Anaheim Ducks forward Travis Zegras had surgery for torn meniscus in his right knee and is expected to miss six weeks. … The Utah Hockey Club claimed defenseman Dakota Mermis off waivers from the Toronto Maple Leafs.

Dec. 10: Kevin Shattenkirk announces retirement

Defenseman Kevin Shattenkirk announced his retirement on Tuesday after 14 NHL seasons with seven teams. He won a Stanley Cup in 2020 with the Tampa Bay Lightning. Drafted 14th overall by the Colorado Avalanche in 2007, he also played for the St. Louis Blues (five 40-point seasons), Washington Capitals, New York Rangers and Anaheim Ducks before joining the Boston Bruins in 2023-24 for what would be his final season.

Shattenkirk, 35, finishes with 103 goals, 381 assists and 484 points in 952 career games, plus 48 points in 91 playoff games. He scored in overtime during Game 4 of the 2020 Stanley Cup Final.

Dec. 9: Avalanche land Mackenzie Blackwood in goalie trade with Sharks

The Colorado Avalanche’s season-opening goaltending tandem of Alexandar Georgiev and Justus Annunen is out after a subpar start. Now they’re running with Mackenzie Blackwood and Scott Wedgewood after separate trades with the San Jose Sharks and Nashville Predators, respectively.

The Blackwood trade is the latest one and includes forward Givani Smith and a draft pick going to Colorado, while forward Nikolai Kovalenko and two picks go to San Jose. Blackwood has a .904 save percentage to Georgiev’s .874, and he made 49 saves in his last game. Georgiev was pulled in his second-to-last start.

GOALIE SWAP: Full details of Avalanche-Sharks trade

Dec. 6: Rangers trade Jacob Trouba, extend Igor Shesterkin

The sliding New York Rangers dominated the news Friday by trading captain Jacob Trouba and giving Igor Shesterkin an eight-year extension that makes him the highest-paid NHL goalie.

The Rangers officially announced the extension on Saturday.

The Trouba trade happened first Friday with the Rangers getting back defenseman Urho Vaakanainen and a 2025 fourth-round pick. But the biggest part is the Anaheim Ducks took on Trouba’s $8 million cap hit, giving the Rangers flexibility. Trouba, who has struggled this season and didn’t waive his no-trade clause this summer, adds a veteran presence to the young Ducks. He and new teammate Radko Gudas are two of the hardest hitters in the league.

Shesterkin will average $11.5 million in his new deal, according to reports, moving him past Carey Price ($10.5 million) as the top-paid goaltender. The Rangers rely heavily on Shesterkin, who faces a lot of high-danger shots.

Also: The Edmonton Oilers and Montreal Canadiens pulled off a minor trade. Forward Jacob Perreault, son of former NHL player Yanic Perreault, heads to Edmonton for defenseman Noel Hoefenmayer. … The Carolina Hurricanes placed forward Brendan Lemieux on unconditional waivers to terminate his contract. He requested the move so he can pursue another opportunity, general manager Eric Tulsky told the team’s website.

Dec. 5: Blackhawks fire coach Luke Richardson

The last-place Chicago Blackhawks fired coach Luke Richardson. Anders Sorensen, coach of the Blackhawks’ Rockford IceHogs team in the American Hockey League, was named interim head coach.

The move happened with generational player Connor Bedard going through a sophomore slump and unhappy with his production. He recently ended a 12-game goal drought and didn’t make the Canadian roster for this season’s 4 Nations Face-Off.

‘As we have begun to take steps forward in our rebuilding process, we felt that the results did not match our expectations for a higher level of execution this season and ultimately came to the decision that a change was necessary,’ general manager Kyle Davidson said in a statement about the coaching move.

Richardson leaves Chicago with a 57-118-15 record.

Dec. 4: Stars’ Tyler Seguin to have hip surgery, miss 4-6 months

The Dallas Stars announced that forward Tyler Seguin will have surgery on his left hip on Thursday and is expected to miss four to six months. That timeline would have him out of the lineup until near the end of the regular season or into the playoffs. Seguin, 32, had been having a strong season, ranking third on the team with 20 points in 19 games.

4 NATIONS FACE-OFF: Rosters announced

Nov. 30: Wild acquire defenseman David Jiricek from Blue Jackets

The Minnesota Wild acquired former first-round pick David Jiricek, 21, from the Columbus Blue Jackets for a package that includes 22-year-old defenseman Daemon Hunt and a package of draft picks including a top-five protected 2025 first-round pick. Jiricek, a 2022 sixth-overall pick who had been sent to American Hockey League, will report to the Wild’s AHL team. The other picks heading to Columbus: 2026 third- and fourth-rounders and a 2027 second-rounder. The Wild get a 2025 fifth-round pick.

Nov. 30: Predators, Avalanche swap goaltenders

The Colorado Avalanche acquired backup goalie Scott Wedgewood from the Nashville Predators for backup goalie Justus Annunen and a sixth-round pick. The Avalanche, who have the league’s third-worst team goals-against average, were expected to make some sort of goaltending move but not necessarily this one. Annunen, 24, has slightly better stats this season, but he’s a restricted free agent at the end of the season. Wedgewood, 32, who was signed in the offseason and played five games for the Predators, has another year left on his contract.

Also: The NHL fined Boston’s Nikita Zadorov and Pittsburgh’s Evgeni Malkin $5,000 each for an exchange in Friday’s game. Zadorov poked Malkin with his stick from the bench, and the Penguins star responded with a slash toward the bench, hitting Mason Lohrei.

Nov. 25: Penguins acquire Philip Tomasino from Predators

Philip Tomasino (one point in 11 games) is the final year of his contract so the struggling Nashville Predators get something in return, a 2027 fourth-round pick. The equally struggling Pittsburgh Penguins get another person for their bottom six. The former first-round pick’s best season was 32 points as a rookie in 2021-22.

Nov. 24: Blues fire coach Drew Bannister, hire Jim Montgomery

In a surprising move, the St. Louis Blues on Sunday fired Drew Bannister after less than a year as coach, replacing him with former Boston Bruins coach Jim Montgomery.

The announcement from Blues president and general manager Doug Armstrong comes with the team losing 13 of its first 22 games this year. Bannister had taken over for Stanley Cup-winning coach Craig Berube last season and had his interim tag removed at the end of the season.

Montgomery, a former assistant to Berube, has an overall regular-season record of 180-84-33 as a head coach with Boston and Dallas. He was just let go by the Bruins last week after they lost 12 of their first 20 games. – Steve Gardner

Nov. 22: Golden Knights sign Brett Howden to five-year extension

Forward Brett Howden will average $2.5 million in the five-year contract extension. He plays in the Vegas Golden Knights’ bottom six and has eight goals this season.

After the Golden Knights lost free agents Jonathan Marchessault, Chandler Stephenson and others from their 2023 Stanley Cup title team this summer, they’ve been working to get extensions done early. Defensemen Shea Theodore and Brayden McNabb signed recently. Goalie Adin Hill and Keegan Kolesar also are pending unrestricted free agents from that championship team.

Nov. 19: Canucks’ J.T. Miller out indefinitely for personal reasons

‘Right now, our sole focus is making sure that J.T. knows the entire organization is here to support him,’ general manager Patrik Allvin said. ‘Out of respect to J.T., we will have no further comment at this time.’

Miller ranks second on the Canucks and is their top-scoring forward with 16 points in 17 games. He scored 103 points last season.

Nov. 19: Boston Bruins fire coach Jim Montgomery

The Boston Bruins made Jim Montgomery the first coaching casualty of the 2024-25 NHL season, firing him less than two seasons after he was named coach of the year.

Associate coach Joe Sacco, a former Colorado Avalanche head coach, will take over behind the bench as the interim head coach.

The move came after a blowout loss to the Columbus Blue Jackets on Monday. Montgomery, who was in the final year of his contract, was let go with the team sitting at 8-9-3 and sporting poor underlying numbers.

BRUINS: More details on coaching change

Nov. 18: Islanders’ Mike Reilly to have procedure on heart

General manager Lou Lamoriello told reporters that the pre-existing heart condition was discovered during routine testing for a concussion that had sidelined the defenseman since Nov. 1.

‘It’s probably a blessing in disguise of what transpired,’ Lamoriello said. ‘They detected this, something that you’re sometimes born with, but never knew.’

He said Reilly has been cleared from the concussion.

Nov. 15: Avalanche’s Valeri Nichushkin returns from suspension

Colorado Avalanche forward Valeri Nichushkin returned Friday night from his six-month suspension. He was suspended during the playoffs last May under Stage 3 of the NHL/NHLPA Player Assistance Program. He also was in the program for about two months earlier in the 2023-24 season and missed part of the 2023 playoffs for personal reasons. Nichushkin is a key offensive contributor with 28 goals in 54 games last season. Injured forwards Jonathan Drouin and Miles Wood also returned Friday.

Also: The Vegas Golden Knights signed defenseman Brayden McNabb, the franchise leader in games played, to a three-year contract extension that averages $3.65 million a year.

OILERS: Connor McDavid is fourth fastest to reach 1,000 points

Nov. 13: Sabres claim goalie James Reimer off waivers

The Buffalo Sabres claimed goaltender James Reimer off waivers, bringing him back to where he signed a free agent contract in the summer. Reimer was claimed by the Anaheim Ducks off waivers earlier this season when the Sabres tried to send him to the American Hockey League. The Ducks put him on waivers after the return of injured goalie John Gibson. Reimer, on a one-year, $1 million contract, played two games in Anaheim with a 4.50 goals-against average. No. 1 Sabres goalie Ukko-Pekka Luukkonen was hurt in Monday’s loss but hasn’t been ruled out for Thursday’s game.

Also: Boston Bruins defenseman Hampus Lindholm will be out ‘weeks’ with a lower-body injury after blocking a shot, coach Jim Montgomery said.

Nov. 12: Capitals reacquire Lars Eller in trade with Penguins

Center Lars Eller, 35, is a familiar face for the Washington Capitals after playing in Washington from 2016-23 and winning a Stanley Cup there in 2018. He kills penalties and is strong in the faceoff circle. The Pittsburgh Penguins’ side of the trade might be more interesting. They get a 2027 third-round pick and a 2025 fifth-rounder, and this also could be an indication that the Penguins are shaking up the roster after a disappointing start. Eller’s trade will allow the team to give more ice time to younger players. He’s a pending unrestricted free agent.

Also: The Winnipeg Jets claimed goalie Kaapo Kahkonen off waivers from the Colorado Avalanche and loaned him to their American Hockey League affiliate. They had lost him on waivers to the Avalanche last month.

Nov. 11: Flames’ Anthony Mantha to have season-ending surgery

Also: The Colorado Avalanche placed goalie Kaapo Kahkonen on waivers. They had claimed him off waivers from the Winnipeg Jets last month.

Nov. 9: Penguins recall veteran goalie Tristan Jarry from minors

The Pittsburgh Penguins recalled two-time All-Star goalie Tristan Jarry from his conditioning stint in the American Hockey League. Jarry was loaned to Wilkes-Barre/Scranton on Oct. 26 after recording a 5.37 goals-against average and .836 save percentage. His AHL numbers were 2.16, .926.

Also: The Philadelphia Flyers made rookie Matvei Michkov a healthy scratch for a second consecutive game.

Nov. 8: Kraken acquire Daniel Sprong from Canucks

The Seattle Kraken landed Daniel Sprong, one of their former players, in exchange for future considerations. The Kraken have struggled to score this season and Sprong had 21 goals for them two seasons ago. The forward has scored double-digit goals five times. He had one goal with Vancouver this season.

Oct. 30: Sharks acquire Timothy Liljegren from Maple Leafs

The Toronto Maple Leafs get defenseman Matt Benning, a 2025 third-round pick and a 2026 sixth-rounder. Liljegren, 25, had been limited to one game in Toronto this season, and the Maple Leafs recently committed to blue-liner Jake McCabe with a five-year extension. But Liljegren should fit in well in San Jose, which is building around younger players. Benning, 30, and Liljegren are signed through 2025-26.

This is the second day with an NHL trade after none previously since the season opened in North America.

Oct. 29: Utah acquires defenseman Olli Maatta from Red Wings

The Utah Hockey Club gives up a third-round pick as it addresses a desperate need for a veteran defenseman. Sean Durzi and John Marino are out long-term after surgery. Utah has been leaking goals during a four-game losing streak, including blowing a 4-1 lead late in the third period against the previously winless San Jose Sharks. Maatta is solid defensively and has nearly 700 games of NHL experience.

Oct. 28: Maple Leafs sign Jake McCabe to five-year extension

The Toronto Maple Leafs signed defenseman Jake McCabe to a five-year extension with an annual average value of $4.51 million. Sportsnet’s Elliotte Friedman reports there is some deferred money in the deal. McCabe, 31, had been acquired from the Chicago Blackhawks in a February 2023 trade and ranks fourth on the team in average ice time this season. He has three assists in nine games and a team-best plus-6 rating.

Also: The New York Rangers recalled rugged forward Matt Rempe from the American Hockey League after he played two games there. The Rangers play the Washington Capitals on Tuesday in what has become a feisty rivalry.

Oct. 26: Penguins send goalie Tristan Jarry to minors

The Pittsburgh Penguins sent two-time All-Star goaltender Tristan Jarry to their American Hockey League affiliate on a conditioning loan after his early season struggles. He had been sent home from the Penguins’ road trip to work on his game after recording a 5.47 goals-against average and .836 save percentage in three games. He was pulled from his last start on Oct. 16 and gave up six goals in the opener.

Jarry is in the second season of a five-year contract that carries a $5.375 million cap hit. Rookie Joel Blomqvist has had the most starts in the Penguins net this season and Alex Nedeljkovic recently returned from an injury.

Also: The New York Islanders signed rugged forward Matt Martin for the rest of the season. He had been to camp on a tryout agreement after spending 13 of his 15 seasons with the Islanders.

Oct. 25: Rangers’ Alexis Lafreniere gets seven-year extension

The New York Rangers and Alexis Lafreniere have agreed to a seven-year extension as he builds on last season’s breakthrough. The 2020 No. 1 overall pick will average $7.45 million in the deal, according to lohud.com, part of the USA TODAY Network. That’s up from this year’s $2.325 million cap hit. Lafreniere, 23, broke through with 28 goals and 57 points last season and added eight goals and 14 points in the playoffs. He is averaging a point a game this season through seven games and scored his fourth goal of the season on Thursday. He is signed through 2031-32.

Oct. 24: Golden Knights’ Shea Theodore signs for seven years

Vegas Golden Knights defenseman Shea Theodore will average $7.425 million in the extension, which kicks in next season and runs through 2031-32. Getting him signed now is important after the Golden Knights lost Jonathan Marchessault, Chandler Stephenson and others from their 2023 Stanley Cup team to free agency during the summer.

Theodore, 29, is the franchise’s top-scoring defenseman with 296 points and has opened this season with seven points in six games. Vegas’ top three defensemen (also Alex Pietrangelo and Noah Hanifin) are signed through at least 2026-27.

Oct. 22: Panthers give coach Paul Maurice contract extension

Maurice, who joined the Panthers in 2022-23, went to the Stanley Cup Final in his first season and won it last year. His 29 playoff wins are a franchise record.

He has 98 regular-season wins with Florida and his 873 career wins rank fourth all time in NHL history.

Also: The Blues signed forward Jake Neighbours to a two-year, $7.5 million contract extension.

Oct. 17: Stars’ Jake Oettinger signs eight-year contract extension

The Dallas Stars signed goalie Jake Oettinger to an eight-year, $66 million contract extension that kicks in next season. The $8.25 million cap hit matches the deals recently signed by the Bruins’ Jeremy Swayman and Senators’ Linus Ullmark.

Oettinger has led the Stars to the Western Conference final the past two seasons.

This post appeared first on USA TODAY
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Stocks

The Best Five Sectors, #5

Technology moves back into top-5

As we wrap up another trading week, a notable shift has occurred in the sector rankings.

The technology sector, after a brief hiatus, has clawed its way back into the top 5, pushing energy down to the 7th position. This reshuffle reflects the dynamic nature of market rotations and sets the stage for potential shifts in investment focus.

The New Sector Lineup

  1. (1) Consumer Discretionary – (XLY)
  2. (2) Financials – (XLF)
  3. (3) Communication Services – (XLC)
  4. (4) Industrials – (XLI)
  5. (6) Technology – (XLK)
  6. (7) Utilities – (XLU)
  7. (5) Energy – (XLE)
  8. (8) Materials – (XLB)
  9. (9) Real Estate – (XLRE)
  10. (10) Consumer Staples – (XLP)
  11. (11) Health Care – (XLV)

The top-4 and bottom-4 positions did not change. The weakness of the Energy sector has caused Technology to move up and into the top-5 and Utilities to take the number 6 spot.

Weekly RRG

On the weekly Relative Rotation Graph (RRG), XLY maintains its position in the leading quadrant with the highest RS ratio, despite some loss in relative momentum.

XLC, at #3, has halted its momentum loss and shows a slight move to the right picking up relative strength again.

XLF (#2) is rotating through the weakening quadrant but still has the potential to turn around.

XLI (#4) displays a weak tail, pushing into the lagging quadrant, but still outperforms others in that space.

XLK (#5) remains in the improving quadrant, heading towards leading, a promising trajectory.

Daily RRG

Shifting to the daily RRG, we see some variations that support longer-term trends:

XLY is rapidly moving back towards leading through the improving quadrant, reinforcing its weekly strength.

XLF is losing some relative momentum but remains within the leading quadrant.

XLC shows a strong trajectory back into leading, aligning with its weekly rotation.

XLI remains in leading but is shedding some relative momentum.

XLK, while in the lagging quadrant, is starting to curl upwards, bringing its daily tail in-line with the weekly rotation towards the leading quadrant.

Consumer Discretionary (XLY)

XLY is holding up remarkably well, establishing a new higher low of around $218 — a key support level.

Price action suggests a move toward the previous high of $240. Relative strength lines maintain a positive position, underscoring the sector’s dominance.

Financials (XLF)

The financials sector pushed to a new high this week, confirming its bullish condition.

A higher low is clearly in place, and the relative strength chart has bottomed out against former resistance. This setup suggests the RRG lines may turn up soon, imho.

Communication Services (XLC)

XLC is following through nicely after breaking out of a flag-like consolidation pattern.

The sector is now pushing to new highs, dragging relative strength and RRG lines higher and is maintaining a strong rhythm of higher highs and higher lows — a textbook uptrend.

Industrials (XLI)

While XLI remains within its rising channel and has moved away from support, its relative strength is less convincing — neutral at best.

However, compared to other sectors, it’s in a relatively good position despite declining RRG lines.

Technology (XLK)

The “new kid on the block” in the top 5, XLK is still capped under the $240 resistance level within its rising channel.

Its relative strength line is range-bound and moving towards the lower boundary. RRG lines are slowly picking up.

XLK’s position inside the top 5 seems more due to weakness in other sectors than its strength.

Portfolio Performance

The RRGV 1 portfolio ends the week with a 3.96% gain, outperforming the S&P 500’s 3.4% — an impressive 50 basis points of alpha.

I’ll be updating the portfolio on Monday morning, switching out energy for technology based on opening prices.

Summary

While technology has reclaimed its top 5 spot, it’s crucial to recognize that this is partly due to weakness in other sectors rather than overwhelming tech strength.

However, as the largest sector, XLK can significantly impact overall portfolio performance. Investors should watch for a potential breakout above $240, signaling further upside.

#StayAlert and have a great weekend. –Julius

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Politics

White House to impose tariffs on Mexico, Canada and China due to ‘invasion of illegal fentanyl’

White House Press Secretary Karoline Leavitt confirmed that President Donald Trump will execute tariffs on Mexico, Canada and China starting Saturday.

Trump’s economic plan during his campaign called for extending the 2017 tax cuts and imposing tariffs ranging from 10% to 20% on all imported goods. For countries like China, that number could go up to 60%.

These countries will face these tariffs because they have allowed an ‘unprecedented invasion of illegal fentanyl that is killing American citizens,’ according to Leavitt. 

‘The president will be implementing tomorrow a 25% tariff on Mexico, 25% tariffs on Canada, and a 10% tariff on China for the illegal fentanyl they have sourced and allowed to distribute into our country, which has killed tens of millions of Americans,’ Leavitt told reporters at a Friday White House press briefing. ‘These are promises made and promises kept.’

Canadian Prime Minister Justin Trudeau said Friday that Canada was prepared to respond to any tariffs executed, and warned there could be ‘disastrous consequences’ for American workers and consumers. 

‘We’re ready with a response, a purposeful, forceful but reasonable, immediate response,’ Trudeau said. ‘It’s not what we want, but if he moves forward, we will also act.’

Meanwhile, Leavitt said that the tariffs are not expected to spark a trade war with Canada and that Trump would respond to Trudeau in ‘due time.’ 

‘The president is intent on doing this,’ Leavitt said. ‘And I think Justin Trudeau would be wise to talk to President Trump directly before pushing outlandish comments like that to the media.’

When asked if Mexico, Canada or China could offer any concessions to remove these new tariffs, Leavitt said Trump would decide at a later date. 

‘If the president at any time decides to roll back those tariffs, I’ll leave it to him to make that decision,’ Leavitt said. ‘The president is intent on ensuring that he effectively implements tariffs while cutting inflation costs for the American people.’ 

House Republicans moved to reintroduce the U.S. Reciprocal Trade Act on Jan. 24, a measure that would permit Trump to unilaterally impose trade taxes on both adversaries and allies. 

Trump previously praised the measure in 2019, claiming it would ‘give our workers a fair and level playing field against other countries.’

Meanwhile, House Democrats Reps. Suzan DelBene, D-Wash., and Don Beyer, D-Va., also introduced their own legislation in January that would block Trump from using emergency powers to implement tariffs, amid concerns that American consumers would end up footing the bill.

‘The American people have clearly and consistently said that the high cost of living is one of their top concerns,’ DelBene said in a statement on Jan. 15. ‘Not only would widespread tariffs drive up costs at home and likely send our economy into recession, but they would likely lead to significant retaliation, hurting American workers, farmers, and businesses.’

The Associated Press and Fox News’ Elizabeth Elkind contributed to this report. 

This post appeared first on FOX NEWS
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Politics

Trump White House demands apology after Jeffries calls for Dems to fight president’s agenda ‘in the streets’

The White House is blasting House Democratic Leader Hakeem Jeffries after pledging to fight Republicans’ agenda ‘in the streets.’

‘While President Trump remains focused on uniting our country and delivering the mandate set by the American people, the House Minority Leader, Hakeem Jeffries, incites violence calling for people to fight ‘in the streets’ against President Trump’s agenda,’ White House deputy press secretary Kush Desai told Fox News Digital.

‘This unhinged violent rhetoric is dangerous. Leader Jeffries should immediately apologize.’

Republicans are hammering Jeffries, D-N.Y., for his comments at a press conference in Brooklyn on Friday. 

The Democratic leader appeared beside Congressional Black Caucus Chair Yvette Clarke, D-N.Y., to criticize Trump’s handling of the recent deadly aircraft collision in Washington, D.C., and his administration’s policies freezing federal funding.

At one point, Jeffries was asked about Democratic New York City Mayor Eric Adams’ lack of pushback against Trump, and whether it made him a ‘good fit’ to lead the Big Apple.

Jeffries avoided weighing in directly on Adams, however, responding, ‘I’ll have more to say about the future of the mayorship of the city of New York at the appropriate time.’

‘Right now, we’re going to keep focused on the need to look out for everyday New Yorkers and everyday Americans who are under assault by an extreme MAGA Republican agenda that is trying to cut taxes for billionaires, donors, and wealthy corporations and then stick New Yorkers and working class Americans across the country with the bill,’ Jeffries said.

‘That’s not acceptable. We are going to fight it legislatively. We are going to fight it in the courts. We’re going to fight it in the streets.’

When asked for clarification, Jeffries spokesperson Christie Stephenson told Fox News Digital, ‘The notion that Leader Jeffries supports violence is laughable. Republicans are the party that pardons violent felons who assault police officers. Democrats are the party of John Lewis and the right to petition the government peacefully.’

She posted similar comments on X, where she signaled the comments were referring to ‘nonviolent protest.’

But GOP lawmakers immediately called on Jeffries to apologize, accusing him of using inflammatory language in an already-tense political environment.

‘House Minority Leader [Jeffries] should promptly apologize for his use of inflammatory and extreme rhetoric. President Trump and the Republicans are focused on uniting the country; Jeffries needs to stop trying to divide it,’ House Majority Whip Tom Emmer, R-Minn., wrote on X.

Rep. Randy Feenstra, R-Iowa, did not mention Jeffries but said Americans were emphatically behind Trump’s agenda.

‘More than 77 million Americans — including patriotic Iowans I’m proud to represent — sent a clear mandate by electing President Trump and Republican majorities to Congress. They want secure borders, a strong economy, energy dominance, and safe communities,’ Feenstra told Fox News Digital.

This post appeared first on FOX NEWS
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