Embattled South Korean superstar Kim Soo Hyun has personally addressed a growing scandal about the nature of his relationship with late actress Kim Sae-ron for the first time, in a closely watched saga that has roiled the country’s entertainment industry. Speaking at a press conference Monday, a tearful Kim Soo…
A colossal fire erupted Tuesday in a Malaysian suburb outside Kuala Lumpur due to a burst gas pipeline, prompting evacuations of nearby homes. The towering inferno near a gas station in Putra Heights in central Selangor state was visible for miles. National oil company Petronas said in a statement that…
Israel has launched a strike on Beirut for the second time in days, further testing the shaky ceasefire with Hezbollah struck four months ago. Lebanon’s Health Ministry said three people were killed, including a woman, and seven injured in the strike early Tuesday, which Israel said had targeted a Hezbollah…
The Chinese military on Tuesday said it had begun conducting joint exercises involving its army, navy, air force, and rocket force to “close in on” Taiwan from “multiple directions,” according to a statement posted on the Eastern Theater Command’s official social media account. The drills mainly focus on sea-air combat-readiness…
An American citizen has been detained in Belarus after being accused of attempting to sneak into the country on a cargo train by Belarusian authorities. The 27-year-old unnamed American man was traveling in the empty carriage of a train from neighbouring Lithuania when he was found by custom officers at…
Thank You! I’ve been writing at StockCharts.com for nearly 20 years now and many of you have supported my company, EarningsBeats.com, and I certainly want to show my appreciation for all of your loyalty. I believe we’re at a major crossroads in the stock market as the S&P 500 tests…
It was an ugly close to another roller-coaster trading week as the stock market struggled with several moving parts. Wednesday’s Evening Doji Star in the S&P 500 ($SPX) showed its power. The trading week didn’t end on a pretty note. The S&P 500, Nasdaq Composite ($COMPQ), and Dow Jones Industrial…
Financials take the lead. No changes in the composition of the top 5 this week, and only one change of position within the top 5. Financials (XLF) leapfrogged to the number one position, sending Communication Services (XLC) to the #3 position. Energy (XLE) remains #2 while Utilities (XLU) and Healthcare…
The key resistance level I’ve been watching on the S&P 500 hasn’t wavered. It’s 5782. The bulls had a real chance this past week to clear this important hurdle and they failed. Badly. If this was a heavyweight fight, the ref would have called it after the first round. It…
You may not know it, but all of the Magnificent Seven stocks are in bear markets. Given they are such an integral part of the major indexes, we have to believe that the market will follow suit and continue lower in its own bear market. The SP500 is in correction…