Author: admin

  • Trump declares US will win global AI race during executive order signing ceremony: ‘Whatever it takes’

    Trump declares US will win global AI race during executive order signing ceremony: ‘Whatever it takes’

    President Donald Trump declared that the United States will do ‘whatever it takes’ to win the global race to artificial intelligence dominance, during an address at a summit held in the nation’s capital Wednesday.

    ‘From this day forward, it’ll be a policy of the United States to do whatever it takes to lead the world in artificial intelligence,’ Trump said during his address shortly ahead of signing three new executive orders that are aimed at boosting the country’s artificial intelligence capabilities. 

    Meanwhile, Trump also slammed the former Biden administration for ‘weaponizing’ and restricting AI innovation and advancements.

    ‘If you regulate [AI] too much, you kill the source of American genius and technological power,’ Trump said. ‘I believe that Joe Biden had a plan to lose the AI race. I think he wanted to lose it.’

    Administration leaders, including White House Office of Science and Technology policy director Michael Kratsios and AI and crypto czar David Sacks, held a background call with the media Wednesday morning and outlined a three-pillar plan of action for artificial intelligence focused on American workers, free speech and protecting U.S.-built technologies. 

    ‘We want to center America’s workers, and make sure they benefit from AI,’ Sacks said on the call while describing the three pillars. 

    ‘The second is that we believe that AI systems should be free of ideological bias and not be designed to pursue socially engineered agendas,’ Sacks said. ‘And so we have a number of proposals there on how to make sure that AI remains truth-seeking and trustworthy. And then the third principle that cuts across the pillars is that we believe we have to prevent our advanced technologies from being misused or stolen by malicious actors. And we also have to monitor for emerging and unforeseen risks from AI.’

    Ending red tape and restrictions on the technology is also a key component of the new AI initiative, administration officials said, noting it will usher in the next ‘industrial revolution.’

    Trump ordered his administration in January to develop a plan of action for artificial intelligence in order to ‘solidify our position as the global leader in AI and secure a brighter future for all Americans.’ 

    The presidential action ordered administration leaders to craft a plan ‘to sustain and enhance America’s global AI dominance in order to promote human flourishing, economic competitiveness, and national security’ within 180 days, which was Tuesday. 

    Kratsios stressed on the Wednesday press call that by cutting federal red tape surrounding AI, American workers will benefit while the U.S. will avoid going down the same AI path as Europe, which is mired in tech regulations, Kratsios said on the call. ‘The action plan calls for freeing American AI innovation from unnecessary bureaucratic red tape, ensuring all Americans reap the benefits of AI technologies and leveraging AI to drive new scientific breakthroughs.’

    ‘On deregulation, we cannot afford to go down Europe’s innovation-killing regulatory path. Federal agencies will now review their rules on the books and repeal those that hinder AI development and deployment across industries, from financial services and agriculture to health and transportation.’ 

    ‘At the same time, we’re asking the private sector to recommend regulatory barriers that they face for the administration to consider removing,’ he added. ‘Instead of cultivating skepticism, our policy is to encourage and enable AI adoption across government and the private sector through regulatory sandboxes and sector-specific partnerships.’ 

    Trump rescinded a Biden-era executive order hours after taking office in January that put restrictions on artificial intelligence technologies, including requiring tech companies to keep the federal government appraised of the most powerful technology they were building before the programs are made available to the public. 

    Trump’s signature rescinded the Biden order, with a White House fact sheet at the time arguing the Biden executive order ‘hinders AI innovation and imposes onerous and unnecessary government control over the development of AI.’

    ‘American development of AI systems must be free from ideological bias or engineered social agendas,’ the White House said. ‘With the right government policies, the United States can solidify its position as the leader in AI and secure a brighter future for all Americans.’ 

    ‘The order directs the development of an AI Action Plan to sustain and enhance America’s AI dominance, led by the Assistant to the President for Science & Technology, the White House AI & Crypto Czar, and the National Security Advisor,’ the White House said. 

    The Trump administration has notched massive wins in the artificial intelligence race, which has pitted the U.S. against China to develop the most high-tech artificial intelligence systems, including Oracle and OpenAI announcing Tuesday the companies will further develop the Stargate project, which is an effort to launch large data centers in the U.S. The two companies’ most recent announcement promises an additional 4.5 gigawatts of Stargate data center capacity, a move expected to create more than 100,000 jobs across operations, construction, and indirect roles such as manufacturing and local services.

    The Stargate project includes a commitment from OpenAI, Oracle, SoftBank and MGX to invest $500 billion in U.S.-based artificial intelligence infrastructure throughout the next four years.

    Creating the data centers is key to the U.S. artificial intelligence race, according to admin officials who spoke on the background call Wednesday. Sacks explained that the administration wants to see U.S. artificial intelligence infrastructure grow by leaps and bounds in order for the country to ‘lead in data centers and in the energy that powers those data centers.’ 

    Earlier in July, Trump traveled to Pittsburgh for an artificial intelligence summit at Carnegie Mellon University while touting the $90 billion in private-sector investments intended to create the Keystone State into an energy and artificial intelligence hub for the country 

    Trump also has signed other executive orders focused on artificial intelligence as it relates to increasing America’s energy grid capacity, and an April executive order aimed at preparing America’s next generation to employ artificial intelligence through educational programs. 

    Kratsios said during the call Wednesday that the U.S. winning the artificial intelligence race is ‘non-negotiable,’ citing not only economic and geopolitical considerations. 

    ‘We’re not alone in recognizing the economic, geopolitical, and national security importance of AI, which is why winning the AI race is non-negotiable,’ he said. ‘The plan presents over 90 federal policy actions across three pillars. As David (Sacks) discussed, those are accelerating innovation, building American AI infrastructure, and leading international AI diplomacy and security. The action plan was crafted with overwhelming input from industry, academia and civil society, informed by over 10,000 responses to the White Houses request for information.’ 

    The plan delivered to Trump could be executed in the next six months to a year, according to the background call.

    The Trump administration has repeatedly rallied around how artificial intelligence will be crucial at catapulting America into the next ‘industrial revolution,’ which administration officials say will lead to job creation and a strong tech industry that can trounce other nations in the race. 

    Vice President JD Vance has been one of the most vocal admin leaders touting the U.S. strength on artificial intelligence as it cut red tape surrounding the industry.

    ‘The Trump administration is troubled by reports that some foreign governments are considering tightening screws on U.S. tech companies with international footprints,’ Vance said in a fiery February speech from Paris. ‘America cannot and will not accept that, and we think it’s a terrible mistake.’

    ‘At this moment, we face the extraordinary prospect of a new industrial revolution… But it will never come to pass if over-regulation deters innovators from taking the risks necessary to advance the ball,’ he said. ‘Nor will it occur if we allow AI to become dominated by massive players looking to use the tech to censor or control users’ thoughts.’

    This post appeared first on FOX NEWS

  • Pro-Israel Dem says those who won’t decry Hamas over Oct. 7 attack ‘have no business’ posing as humanitarians

    Pro-Israel Dem says those who won’t decry Hamas over Oct. 7 attack ‘have no business’ posing as humanitarians

    Rep. Ritchie Torres, D-N.Y., an outspoken opponent of antisemitism, said Wednesday that those who refuse to speak out against the heinous acts Hamas perpetrated in Israel on Oct. 7, 2023 ‘have no business’ claiming to be humanitarians.

    ‘If you refuse to condemn Hamas for the murder, maiming, mutilation, rape, torture, and abduction of thousands of Jews and Israelis on October 7, then you have no business calling yourself a humanitarian,’ Torres wrote on X. 

    ‘A humanitarianism that devalues Jewish life is no humanitarianism at all, for it has been hollowed out by antisemitism,’ he added.

    The congressman has been a strong voice of support for Israel.

    ‘The singular stumbling block to ending the war is the terrorist organization that barbarically began it: Hamas. Scapegoating Israel is so second nature to the international community that Hamas’ role in precipitating and perpetuating the war has been all but forgotten,’ Torres wrote on X earlier this month.

    In another post on X this month he opined that ‘Antisemitism is the deadliest disease ever to afflict the human heart.’

    In a post last month, he asserted, ‘If Israel is the sole country in the Middle East—indeed the world—for which you reserve the label ‘apartheid’—then your use of the term is probably propagandistic rather than principled and your purpose is not constructive criticism but the destructive delegitimation of Israel as a Jewish State.’

    Torres has served in the U.S. House of Representatives since early 2021.

    This post appeared first on FOX NEWS

  • Week Ahead: NIFTY Violates Short-Term Supports; Stays Tentative Devoid Of Any Major Triggers

    Week Ahead: NIFTY Violates Short-Term Supports; Stays Tentative Devoid Of Any Major Triggers

    The Nifty traded in a broadly sideways and range-bound manner throughout the previous week and ended the week with a modest decline. The Index oscillated within a narrow 276-point range, between 25144.60 on the higher end and 24918.65 on the lower end, before settling mildly lower. The India VIX declined by 3.60% over the week to 11.39, suggesting continued complacency in the markets. On a weekly basis, Nifty ended with a net loss of 181.45 points or (-0.72%).

    The Nifty is presently consolidating just below a key resistance zone after attempting a breakout above a rising channel. This zone, between 25100 and 25350, has proven to be a supply area where profit-taking has emerged. While the broader trend remains intact and the Nifty is above key moving averages, it is still within a complex zone of consolidation. This pause in momentum comes after a sharp up move from the lows near 21743 in April. A strong breakout above the 25265 –25350 zone, with a closing confirmation, may resume the uptrend. Conversely, a sustained move below 24750 could trigger incremental weakness and drag the Nifty towards lower supports.

     As we head into the new week, the markets may see a cautious start amid the current range-bound setup. The immediate resistance is at 25150, followed by 25400. On the lower side, the key support zones are placed at 24750 and further near 24380.

    The weekly RSI stands at 56.54 and remains neutral without showing any divergence against price. It has made a fresh 14-period low, which is bearish. The MACD remains above its signal line on the weekly chart, continuing to indicate a positive crossover. No significant candlestick formation was observed for the week.

    From a pattern analysis perspective, Nifty is trading just below the upper bound of a rising channel that it had briefly broken out of. With the Index slipping below the support levels of 25000-25150, it faces resistance at this zone again, failing to follow through on the breakout. Price action is still above the 20-week and 50-week moving averages, maintaining a bullish undertone from a medium-term perspective. However, the ongoing sideways action indicates a lack of fresh directional conviction.

    Given the current technical structure, it would be prudent for traders to remain selective and protect profits at higher levels. The markets are not displaying signs of aggressive strength, and unless there is a convincing move above 25350, a stock-specific approach with tight risk management is advised. Traders may avoid aggressive fresh buying until a directional move is clearly established. Cautious optimism, with a focus on stocks exhibiting stronger relative strength, is the ideal approach for the coming week.


    Sector Analysis for the coming week

    In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

    Relative Rotation Graphs (RRG) show that the Nifty Media and the Metal Index have rolled inside the leading quadrant. The Midcap 100, Realty, and PSU Bank Index are also inside the leading quadrant. These groups are likely to relatively outperform the broader Nifty 500 Index.

    The Nifty Bank, PSE, and the Financial Services Index are inside the weakening quadrant. They may experience a decline in relative performance compared to the broader markets.

    The Nifty Services Sector Index, Pharma, Consumption, and the FMCG Index continue to languish inside the lagging quadrant. Among these groups, the Pharma Index shows improvement in its relative momentum against the broader markets.

    The IT Index is inside the improving quadrant; it continues to improve its relative momentum against the benchmark. The Auto Index, which is also inside the improving quadrant, is seen deteriorating in relative momentum.


    Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


    Milan Vaishnav, CMT, MSTA

    Consulting Technical Analyst

    www.EquityResearch.asia | www.ChartWizard.ae

  • The Best Five Sectors, #28

    The Best Five Sectors, #28

    Sector Rotation Stalls, Tech Remains King

    Despite a slight rise in the S&P 500 over the past week, the sector rotation landscape is presenting an intriguing picture. For the first time in recent memory, we’re seeing absolutely no changes in the composition of the sector ranking — not just in the top five, but across the board. Will this stability kick off a return to a period of more significant trends in relative strength and a return to outperformance for the portfolio?

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

    Technology

    The tech sector continues to flex its muscles, moving up on the price ratio scale while maintaining a stable momentum around 103. This sustained strength is a clear indication that tech remains the sector to beat in the current market environment.

    On the daily RRG, we’re seeing a nice rotation backup for tech while inside the weakening quadrant, a sign of strength that confirms the move on the weekly RRG. The raw RS line for tech is climbing almost straight up, reflecting very strong RRG lines. There might be a slight loss of momentum, but make no mistake, tech is still the strongest player in the game.

    Industrials

    Industrials is currently rotating out of the leading quadrant and sits on the verge of moving into weakening. However, it’s crucial to note that it still holds the second-highest rank based on the RS ratio. This positioning suggests that the odds for a rotation back up towards the leading quadrant are still in play.

    The daily RRG shows industrials confirming its strength with a move further into the leading quadrant, moving up on the RS ratio scale while keeping stable momentum.

    After breaking out of overhead resistance, the price chart continues higher, and a new higher low is visible on the relative strength line. This keeps the RS ratio line at elevated levels, though the RS momentum line is still moving lower just above 100. If this RS line can maintain a series of higher highs or higher lows, I expect the RS momentum line to bottom out soon and follow the RS ratio higher.

    Communication Services

    The communication services sector is positioned inside the weakening quadrant on the weekly RRG but has hooked back to the left and is now even lower on the RS ratio scale. It’s moving towards the lagging corner, which is a concerning trend for its top 5 position.

    On the daily RRG, communication services have moved into the lagging quadrant. It has started to slow down on the negative momentum, but we need a rotation back up on this daily RRG into the improving quadrant and back to leading to have that weekly tail curl back up to its leading quadrant as well.

    The price chart shows the sector holding up after breaking higher, with a pullback now finding support at the level of old resistance, respecting the rule that old resistance is expected to work as support going forward. The problem child here is the raw RS line, which has fallen below its rising support line. This is taking its toll on the RRG lines, with both RS ratio and RS momentum rolling over and starting to move down.

    Financials

    Financials are inside the lagging quadrant on the weekly RRG, moving at a negative heading. This means that a significant amount of strength is needed from the daily tail to keep this sector within the top five.

    On the price chart, financials are playing around with overhead resistance around 52, with a small consolidation area and a pennant-like formation suggesting more upside potential on the price chart.

    However, this is not confirmed on the relative strength chart, where the RS line has broken its rising trend and is moving lower.

    Materials

    Materials are also inside the lagging quadrant on the weekly RRG and traveling a negative heading, like financials. Here, also, strength is needed from the daily teams to keep the sector inside the top five.

    Materials are holding up on the price chart after a break that could be described as a head-and-shoulders reversal pattern. The relative strength line remains contained within the boundaries of its falling channel, but hugging the falling resistance line.

    We need a break higher to turn that trend around. Only an upward breakout of that relative downtrend will turn the RRG lines around and provide a lifeline for materials to maintain its position inside the top five.

    Portfolio Performance

    The portfolio continues to lag the S&P 500, currently sitting around 8% behind. It seems to be stabilizing for now, but it’s not exactly what we want, of course. A drawdown of around 8-10% is not unprecedented, based on historical backtests; however, it’s somewhat disappointing that it occurs right when we begin operating in a semi-live environment.

    That said, the fact that we’re now stable with no changes after a period of significant volatility over recent months could be a sign that we’re ready to enter a new period with stable relative trends that can bring the portfolio back to outperformance.

    #StayAlert and have a great week. –Julius


  • Tech Taps the Brakes, Homebuilders Hit the Gas: See the Rotation on StockCharts Today

    Tech Taps the Brakes, Homebuilders Hit the Gas: See the Rotation on StockCharts Today

    The stock market feels like it’s holding its breath ahead of Big Tech earnings. The first two days of the trading week were mostly quiet, but Tuesday gave us a few nuggets worth chewing on.

    The S&P 500 ($SPX) squeaked out another record close, up by a modest +0.06%. It’s barely a blip, but it keeps the uptrend intact.

    Tech momentum slowed down a tad, but we didn’t see a wave of selling. It was more like a little profit-taking after a strong run. No reason to hit the panic button just yet.


    StockCharts Tip: Head to the Market Summary page and take a glance at the Market Factors panel. On Tuesday, Large-Cap Growth and Large-Cap Momentum were the only factors in the red (see image below).


    FIGURE 1. MARKET FACTORS PANEL IN THE MARKET SUMMARY PAGE. Here you see the one-day performance metrics of the factors. You can change the timeframe using the dropdown menu at the top of the page. Image source: StockCharts.com. For educational purposes.

    In the US Sectors panel in the Market Summary page, Technology was the lone S&P 500 sector that finished lower. Tuesday’s action can be seen in the StockCharts MarketCarpet of the S&P 500, based on a one-day performance.

    FIGURE 2. MARKETCARPET FOR THE S&P 500. The Technology sector took a bit of a hit on Tuesday, but other sectors saw gains. Image source: StockCharts.com. For educational purposes.

    The big names — NVIDIA (NVDA), Microsoft Corp. (MSFT), Amazon.com (AMZN), Meta Platforms (META), and Broadcom (AVGO) — were all in the laggard camp. This pause in tech stocks comes right before a wave of Big Tech earnings.

    Some of the big tech companies reporting earnings this week are Alphabet, Inc. (GOOGL), Tesla, Inc. (TSLA), and International Business Machines (IBM). All three report on Wednesday after the close. If GOOGL and TSLA come in hot with solid numbers and upbeat guidance, the S&P 500 and Nasdaq Composite ($COMPQ) could catch a tailwind. (Fun fact: both stocks closed higher on Tuesday.)

    Despite Tuesday’s tech wobble, major support levels are holding. The Nasdaq Composite remains comfortably above its 20-day exponential moving average (EMA), and breadth is improving (see chart below).

    FIGURE 3. DAILY CHART OF THE NASDAQ COMPOSITE. The index is above its 20-day exponential moving average, and market breadth is improving. Chart source: StockCharts.com. For educational purposes.

    Small Caps Still in the Game

    We’re also seeing small-cap stocks rising. When small-caps participate in the market’s upside move, it’s an indication of a healthy stock market. Healthcare stocks represent a significant portion of the small-cap indexes, which explains why Health Care was the top-performing sector on Tuesday. 

    Another area that stole the spotlight was homebuilders. The SPDR S&P Homebuilders ETF (XHB) broke above its 200-day simple moving average (SMA), a positive sign for the struggling industry group (see chart below). Its Relative Strength Index (RSI) indicates that momentum is relatively strong.

    FIGURE 4. SPDR S&P HOMEBUILDERS ETF (XHB). The ETF broke above its 200-day simple moving average, and momentum is relatively strong. XHB has underperformed SPY over the last year. Chart source: StockCharts.com. For educational purposes.

    Over the last year, XHB has lagged the SPDR S&P 500 ETF (SPY) by roughly 18%. Strong earnings from DR Horton, Inc. (DHI) and PulteGroup, Inc. (PHM), however, have given the group a welcome boost, even with a soft housing backdrop. We’ll get the June Existing Home Sales data on Wednesday. A stronger-than-expected report could add fuel to XHB’s rally.


    StockCharts Tip: The XHB chart above is part of the  Market Summary ChartPack, which is free for StockCharts subscribers. Install it, and you’ll have a ready-to-use list of charts for days like this.


    Also worth a peek is the U.S. Dow Jones Home Construction Index ($DJUSHB), which topped the Dow Industries list (check the US Industries panel in Market Summary and hit the Dow Industries tab).

    Gold and Silver Nudge Higher

    While tech cooled and home builders heated up, precious metals prices climbed higher. Gold ($GOLD) rose 0.92% and silver ($SILVER) gained 0.94%. Gold sits just under its all-time high, and silver is back to levels we haven’t seen since 2011.

    The Big Picture: Still a Healthy Market Environment

    None of Tuesday’s actions suggests a crack in the market’s growth story. We are in the thick of earnings season, and that always brings uncertainty and volatility. Expectations are high for Big Tech, especially in light of a weaker dollar. Stay patient, watch the price action, and let the charts guide your next move.



    Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

  • A Wild Ride For the History Books: 2025 Mid-Year Recap

    A Wild Ride For the History Books: 2025 Mid-Year Recap

    Markets don’t usually hit record highs, risk falling into bearish territory, and spring back to new highs within six months. But that’s what happened in 2025.

    In this special mid-year recap, Grayson Roze sits down with David Keller, CMT, to show how disciplined routines, price-based signals, and a calm process helped them ride the whipsaw instead of getting tossed by it. You’ll see what really happened under the surface, how investor psychology drove the swings, and the exact StockCharts tools they leaned on to stay objective. 

    If you’re focused on protecting capital, generating income, and sleeping well at night while still capturing the upside, this is a must-watch. Discover which charts deserve your attention now, what to ignore, and how to prep for the back half of 2025. 

    This video premiered on July 23, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

    You can view previously recorded videos from Grayson at this link.

  • Is META Breaking Out or Breaking Down?

    Is META Breaking Out or Breaking Down?

    The chart of Meta Platforms, Inc. (META) has completed a roundtrip from the February high around $740 to the April low at $480 and all the way back again.  Over the last couple weeks, META has now pulled back from its retest of all-time highs, leaving investors to wonder what may come next.

    Is this the beginning of a new downtrend phase for META?  Or just a brief pullback before a new uptrend phase propels META to new all-time highs?

    Today we’ll look at two potential scenarios, including the double top pattern and the cup and handle pattern, and share which technical indicators and approaches could help us determine which path plays out into August.

    The double top scenario basically means that the late July retest of the previous all-time high was the end of the recent uptrend phase.  The double top pattern is literally when a major resistance level is set and then retested.  The implication is that a lack of willing buyers means the uptrend is exhausted, and there is nowhere to go but down.

    While the 21-day exponential moving average is currently in play for META, I would say that a break below the 50-day moving average could confirm this as the correct scenario.  If that smoothing mechanism does not hold, then the price action would imply less of a pullback and more like the beginning of a real distribution phase.

    What is META pulls back but then resumes an uptrend phase, leading META to another new all-time high?  That would result in a confirmed cup and handle pattern, created by a large rounded bottoming pattern followed by a brief pullback.  The key to this pattern is the “rim” of the cup, which sits right at $740 for META.

    Given the pullback META has demonstrated so far in July, I would say that a break above the $740 level would basically confirm a bullish cup and handle pattern.  That would suggest much more upside potential for META, as the stock would literally go into previously uncharted territory.

    So how can we determine which scenario is more likely to play out?  This is where we need to incorporate more technical indicators into the discussion, as a way to further validate and confirm our investment thesis.

    Just to review, I think a break above $740 would confirm a bullish cup and handle pattern.  I would also say that a break below the $680 level, which would represent a move below the 50-day moving average as well as the June swing lows, would basically confirm a bearish double top pattern.

    We can also use the Relative Strength Index (RSI) to help determine whether META remains in a bullish trend phase.  During bull phases, the RSI rarely gets below 40, because buyers usually step in to “buy the dips” and keep the momentum fairly constructive.  So if the price would break down, and the RSI would not hold that crucial 40 level, that could mean a bearish outlook is warranted.

    Finally, we can use volume-based indicators to assess whether moves in the price are supported by stronger volume readings.  Here I’ve included the Accumulation/Distribution Line, which tracks the trend in daily volume readings over time.  We can see that the high in July resulted in a divergence, as the A/D line was trending lower.  If the A/D line would break below its June and July lows, marked by a dashed red line, that would represent a bearish volume reading for META.

    Technical analysis is less about predicting the future, and more about determining the most probable scenarios based on our analysis of trend, momentum, and volume.  I hope this discussion shows how the outlook for META can be easily determined and tracked using the best practices of technical analysis!

    RR#6,

    Dave

    PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

    David Keller, CMT

    President and Chief Strategist

    Sierra Alpha Research LLC

    marketmisbehavior.com

    https://www.youtube.com/c/MarketMisbehavior

    Disclaimer: This blog is for educational purposes only and should not be construed as financial advice.  The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.  

    The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

  • 5 Best-performing Canadian Oil and Gas Stocks of 2025

    5 Best-performing Canadian Oil and Gas Stocks of 2025

    Oil prices fell sharply during the second quarter, after reaching year-to-date highs early in the year.

    Between January and the end of June, Brent shed 18.26 percent from US$81.69 to US$66.77. West Texas Intermediate made a similar decline falling 16.94 percent from US$78.86 to US$65.50, over the same time period.

    The contraction was largely attributed to OPEC+ easing production cuts and increasing output.

    Global supply was further bolstered by China’s strong import volumes and rising domestic output, giving refiners room to delay purchases and adding to a mild US inventory build, both of which added downward pressure.

    Conversely, seasonal demand from the US summer driving season and solid Q2 GDP growth in China offered some support.

    Despite that backdrop, the five top-performing oil and gas stocks on the TSX and TSXV have seen share price growth over Q2 2025. All year-to-date performance and share price data was obtained on July 16, 2025, using TradingView’s stock screener, and oil and gas companies with market caps above C$10 million at that time were considered.

    1. Falcon Oil & Gas (TSXV:FO)

    Year-to-date gain: 43.75 percent
    Market cap: C$127.55 million
    Share price: C$0.115

    Headquartered in Dublin, Ireland, Falcon Oil & Gas is an international oil and gas company incorporated in BC, Canada. The company specializes in the exploration and development of unconventional oil and gas assets, with interests in assets in Australia, South Africa and Hungary.

    On January 24, Falcon issued its first corporate update of 2025, announcing the launch of a well stimulation campaign for two wells for the Shenandoah South pilot project in the Beetaloo Sub-Basin, located in Australia’s Northern Territory.

    The company has a 22.5 interest in the Beetaloo joint venture, with Tamboran Resources (NYSE:TBN,ASX:TBN) owning the remaining 77.5 percent.

    Falcon’s share price spiked several times in June, reaching a year-to-date high of C$0.14 on June 17, which it maintained through late June. The stock movement coincided with Beetaloo updates, including “stellar” flow test results on June 17.

    “The IP30 flow rate results announced today of 7.2 million cubic feet per day (MMcf/d), are truly stellar and marks another major data point in the Beetaloo Sub-basin again demonstrating that it compares to the best shale wells in the United States,” CEO Philip O’Quigley wrote in the press release.

    2. Imperial Oil (TSX:IMO)

    Year-to-date gain: 25.67 percent
    Market cap: C$57.37 billion
    Share price: C$112.70

    Calgary-based Imperial Oil is a prominent Canadian energy company involved in the exploration, production, refining and marketing of petroleum products. With a history spanning over 140 years, Imperial operates diverse assets across Canada, including oil sands, conventional crude oil and natural gas assets.

    On January 31, Imperial released its Q4 2024 results, reporting an estimated net income of C$1.23 billion in Q4 2024, slightly down from C$1.24 billion in Q3. The decline was attributed to lower price realizations, partly offset by higher production and improved refinery utilization in the Downstream segment.

    On May 2, the company announced a Q2 2025 dividend of C$0.72 payable on July 1.

    Imperial shares reached a year-to-date high of C$113.05 on July 13. The rally occurred after Scotiabank raised its share price target for Imperial from C$100 to C$110 on July 11, citing stronger refining margins and earnings outlook.

    3. MEG Energy (TSX:MEG)

    Year-to-date gain: 10.07 percent
    Market cap: C$6.7 billion
    Share price: C$26.35

    MEG is an energy company solely focused on in-situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. Utilizing innovative enhanced oil recovery projects, including steam-assisted gravity drainage extraction methods, the company aims to increase oil recovery responsibly while reducing carbon emissions.

    In mid-May, Strathcona Resources (TSX:SCR) made an unsolicited C$4.1 billion offer for MEG, a move company executives quickly denounced.

    In a subsequent press release on June 16, MEG called the offer “inadequate, opportunistic, and NOT in the best interests of MEG or its shareholders.”

    Chairman of the Board James McFarland stated in the release, ‘A combination with Strathcona would expose shareholders to inferior assets and significant capital markets risks, including a C$6 billion overhang resulting from Waterous Energy Fund’s 51 percent ownership in the combined company.”

    MEG has launched a strategic review and welcomed alternative bids from other companies.

    Shares of MEG rose to a year-to-date high of C$26.14 on June 20, on the heels of the statement and alongside news that operations at the company’s Christina Lake operations in Alberta would resume at full capacity following wildfire interruptions.

    4. Headwater Exploration (TSX:HWX)

    Year-to-date gain: 3.75 percent
    Market cap: C$1.65 billion
    Share price: C$6.92

    Headwater Exploration is a Canadian oil and gas company focused on developing high-quality assets in Alberta’s Clearwater play and low-decline natural gas in New Brunswick’s McCully Field.

    In March, Headwater reported strong 2024 results, with annual production up 13 percent year-over-year to 20,310 barrels of oil equivalent per day (boe/d) and net income rising 20 percent to C$188 million.

    Headwater released its Q1 2025 results and a company update in May, highlighting the receipt of TSX approval for a normal course issuer bid, allowing it to repurchase up to 10 percent of its public float over the next year.

    Additionally the company reported record production of 22,066 boe/d during Q1 and adjusted funds flow of C$92.4 million. Net income for the period came in at C$50 million. The company declared a quarterly dividend of C$0.11 per share during Q1 and ended the quarter with no debt and C$63.6 million in adjusted working capital.

    Company shares spiked to a year-to-date high of C$7.43 on January 9, and reached a Q2 high of C$7.22 on June 19, which coincided with a broader surge in the oil market.

    5. Athabasca Oil (TSX:ATH)

    Year-to-date gain: 3.72 percent
    Market cap: C$2.84 billion
    Share price: C$5.57

    Athabasca Oil is focused on developing thermal and light oil assets within Alberta’s Western Canadian Sedimentary Basin. The company has established a substantial land base with high-quality resources. Its light oil operations are managed through its private subsidiary, Duvernay Energy, in which the company holds a 70 percent equity interest.

    On March 5, Athabasca Oil released its 2024 year end results, highlighting strong production and significant cash flow increases. The company averaged 36,815 boe/d during 2024, marking a 7 percent year-over-year increase.

    Its Q1 2025 results released on May 7 reported further production growth, with average petroleum and natural gas production of 37,714 boe/d and average thermal oil output of 34,742 barrels per day.

    Athabasca Oil generated C$130 million in adjusted funds flow and C$71 million in free cash flow. The company returns capital to shareholders through annual share buybacks, and at the time of the release, it had completed C$94 million in buybacks since the start of 2025.

    Broad market positivity in mid-June pushed shares of Athabasca Oil to a year-to-date high of C$6.16 on June 20.

    Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

  • Crypto Market Update: SEC Pauses Bitwise ETF Conversion Soon After Approving Application

    Crypto Market Update: SEC Pauses Bitwise ETF Conversion Soon After Approving Application

    Here’s a quick recap of the crypto landscape for Wednesday (July 23) as of 9:00 p.m. UTC.

    Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

    Bitcoin and Ethereum price update

    Bitcoin (BTC) was priced at US$118,148, down by 0.7 percent over the last 24 hours. Its highest valuation on Wednesday was US$118,462, while its lowest valuation was US$117,583.

    Bitcoin price performance, July 23, 2025.

    Chart via TradingView.

    Bitcoin traded lower over the past 24 hours, hovering between $117,000 and $120,000 amid several market pressures.

    A major whale moved over US$1.2 billion in dormant BTC, sparking speculation of potential selling.

    After a rotation into altcoins, investors took profits following recent highs, while outflows from spot exchange-traded funds (ETFs) signaled weaker institutional demand.

    Ethereum (ETH) was priced at US$3,592.65, down by 1.9 percent over the past 24 hours. Its lowest valuation as of Wednesday was US$3,568.86, and its highest was US$3,657.02.

    Altcoin price update

    • Solana (SOL) was priced at US$188.86, down by 5.5 percent over 24 hours. Its lowest valuation on Wednesday was US$186.95, and its highest was US$192.58.
    • XRP was trading for US$3.25, down 8.9 percent in the past 24 hours. Its lowest valuation of the day was US$3.18, and its highest valuation was US$3.36.
    • Sui (SUI) is trading at US$3.70, down 5.5 percent over the past 24 hours. Its lowest valuation of the day was US$3.67, and its highest was US$3.84.
    • Cardano (ADA) was trading at US$0.8152, down by 6.9 percent over 24 hours. Its lowest valuation on Wednesday was US$0.8058, and its highest was US$0.8370.

    Today’s crypto news to know

    PNC Bank and Coinbase partner to advance digital asset solutions

    PNC Bank and Coinbase Global (NASDAQ:COIN) have announced a strategic partnership to broaden access to digital asset solutions for PNC’s clients and institutional investors.

    The collaboration will leverage Coinbase’s crypto-as-a-service platform, enabling PNC to offer secure and scalable cryptocurrency access. PNC clients will be able to buy, hold and sell cryptocurrencies directly through PNC’s platform.

    PNC will also provide essential banking services to Coinbase, signifying a mutual commitment to strengthening the digital financial system. Both companies emphasize that this partnership will meet the increasing demand for secure and streamlined digital asset access.

    Goldman Sachs and BNY to launch tokenized money market funds

    Goldman Sachs (NYSE:GS) and BNY (NYSE:BK) are preparing to offer institutional investors access to tokenized money market funds, aiming to enhance capital markets with real-time settlement, 24/7 access and increased efficiencies.

    BNY clients will soon be able to invest in money market funds with ownership recorded on Goldman Sachs’ private blockchain, as per a Wednesday news release.

    “As the financial system transitions toward a more digital, real-time architecture, BNY is committed to enabling scalable and secure solutions that shape the future of finance,” said Laide Majiyagbe, global head of liquidity, financing and collateral at BNY, adding that mirrored tokenization of money market funds is the first step.

    This initiative involves major players such as BlackRock (NYSE:BLK), Fidelity Investments, Federated Hermes and the asset management divisions of Goldman and BNY.

    Tokenized money market funds offer a contrast to interest-bearing stablecoins, which are specifically prohibited under the GENIUS Act, which was signed into law last week. They provide yield, which makes them a low-volatility tool for hedge funds, pensions and corporations.

    SEC halts Bitwise crypto index ETF conversion for review

    On Tuesday (July 22), the US Securities and Exchange Commission’s (SEC) Division of Trading and Markets approved the Bitwise 10 Crypto Index to convert to an ETF, only to immediately pause it for review.

    In a letter issued later that day, SEC Assistant Secretary Sherry Haywood said that the order will remain “stayed until the Commission orders otherwise.” Bloomberg ETF analyst Eric Balchunas has suggested that the SEC might be delaying its approval until it establishes a listing standard for crypto ETFs.

    Bitwise had applied for this conversion in November for its fund, which offers exposure to a range of cryptocurrencies.

    Nate Geraci, president of NovaDius Wealth Management, described the situation as “bizarre,” drawing parallels to the Grayscale Digital Large Cap ETF conversion, which experienced a similar approval and subsequent pause on July 1.

    Bitcoin millionaires surge by 16,000 in 2025, according to report

    Nearly 16,000 new Bitcoin wallets have crossed the million-dollar threshold since Donald Trump assumed the presidency in January 2025, according to a Finbold report. The number of Bitcoin millionaires is up from 132,842 in November 2024 to 192,205 as of July 20, marking a 45 percent increase in just eight months.

    Large holders with over US$10 million in BTC also saw gains exceeding 16 percent in the same period.

    The surge has been linked to renewed investor optimism following Trump’s re-election, along with clear signals of regulatory support and clarity for digital assets.

    A significant boost came this week when the US House passed the Genius Act. The legislation, expected to streamline compliance for institutions, is widely seen as the most comprehensive federal crypto framework to date.

    The rapidly changing policy environment has encouraged capital inflows and bolstered confidence in US-based crypto markets, with the resulting daily average tallying to 88 new Bitcoin millionaires in 2025 alone.

    South Korea warns fund managers to reduce exposure to crypto stocks

    South Korea’s Financial Supervisory Service (FSS) has issued informal warnings to asset managers over their exposure to crypto-related stocks and ETFs. According to the Korea Herald, firms with significant holdings in US-listed crypto companies such as Coinbase and Strategy (NASDAQ:MSTR) were reportedly told to scale back.

    The directive follows the FSS’s longstanding 2017 stance prohibiting direct investment in virtual assets by financial institutions, despite recent global shifts in crypto regulation. While the agency has been reviewing possible easing of crypto rules, officials reportedly said that licensed entities must continue observing current guidelines.

    The FSS has not yet issued a formal statement regarding the report.

    PayPal unveils cross-border wallet platform

    PayPal (NASDAQ:PYPL) has launched PayPal World, a cross-border payments network that integrates several of the world’s largest digital wallets, aiming to simplify international commerce for billions.

    The platform’s initial partners include India’s UPI (via NPCI International), China’s Weixin Pay (via Tenpay Global) and PayPal’s own services including Venmo.

    A memorandum of understanding has also been signed with Mercado Pago in Latin America.

    According to PayPal CEO Alex Chriss, the initiative allows users to pay with their native wallets regardless of location. Chriss called it a potential “game changer” for frictionless payments in travel and e-commerce.

    “The challenge of moving money across borders is incredibly complex, and yet this platform will make it so simple for nearly two billion consumers and businesses,’ Chriss said a recent press release.

    Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

    Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

  • Joe Cavatoni: Gold’s Key Driver Now, Catalyst for Next Leg Higher

    Joe Cavatoni: Gold’s Key Driver Now, Catalyst for Next Leg Higher

    Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, explains that market risk and uncertainty are driving gold, with H1 2025 seeing multiple record highs.

    ‘Think strategically when you think about gold, and keep that allocation in mind,’ he said.

    He also shares thoughts on the importance of central bank allocations and the potential impact of tariffs and US economic conditions on gold during the second half of 2025.

    Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com