Thousands march through Sydney CBD for Free Palestine rally



Thousands of people have marched through Sydney’s CBD this afternoon as part of a Free Palestine rally.

Similar rallies have been held around the world as the death toll from the most widespread Palestinian protests in years climbs.

Israel’s bombardment of the Gaza Strip continued into early Saturday, when an airstrike on a house in Gaza City killed at least seven Palestinians — the highest number of fatalities in a single hit.

Thousands march through Sydney CBD for Free Palestine rally

That strike came a day after a furious overnight barrage of tank fire and airstrikes that wreaked destruction in some towns, killed a family of six in their house and sent thousands fleeing their homes.

In Sydney, the peaceful protest started at Town Hall and marched through the streets, with those gathering chanting “free Palestine” and “free free Gaza”.

READ MORE: Explained: What led to the recent Israel-Gaza violence

A 20-year-old man was arrested after he climbed to the top of Town Hall to wave a Palestinian flag. No charges have been laid.

Organiser said participants were there for “Nakba Day”, which marks the displacement of thousands of Palestinians by Israeli forces in 1948.

Thank you for stopping to visit My Local Pages. We Hope you enjoyed seeing this article involving “News in the City of Sydney titled “Thousands march through Sydney CBD for Free Palestine rally”. This news release was posted by My Local Pages Australia as part of our NSW events and what’s on news services.

#Thousands #march #Sydney #CBD #Free #Palestine #rally



Source link

Dow Jones Futures: Still A Tricky Market Rally, But ASML, Google Flash Buy Signals; Bitcoin Breaks Support


Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The Bitcoin price retreated Saturday, undercutting a key support area.




X



The stock market rally suffered losses last week, with breakouts and key sectors struggling, though the major indexes bounced on Thursday and Friday.

ASML (ASML), Google parent Alphabet (GOOGL), Maravai LifeSciences (MRVI), Goldman Sachs (GS) and Nutrien (NTR) held up well. All five stocks are in buy zones or flashing early entries. But they also boast relative strength lines at or near record highs.

The RS line, which tracks a stock’s performance vs. the S&P 500 index, is a great way to spot the true leaders in any environment, including the current choppy market rally.

The RS line, the blue line in the charts provided, also spots false leaders. Apple (AAPL) regained its 50-day moving average on Friday and showed some other positive technical signals. But the RS line for Apple stock is right at nine-month lows, according to MarketSmith analysis.

Meanwhile, investors don’t need the RS line to spot Tesla (TSLA) as a laggard. Still, it’s helpful to know that while Tesla stock hasn’t quite hit a fresh 2021 low, its RS line has.

Google stock and ASML are on IBD Leaderboard. ASML and Goldman Sachs stock are on SwingTrader. ASML stock also is on the IBD 50 list. MRVI stock was Friday’s IBD Stock Of The Day.


How To Find Strong Stocks In A Tough Market


Bitcoin Price Undercuts Lows

The Bitcoin price on Saturday resumed its decline, falling below $47,000 and undercutting its late April low to the lowest since late February. Bitcoin is back above $47,000.

Bitcoin came under pressure as Tesla CEO Elon Musk announced late Wednesday that the EV maker would no longer accept the cryptocurrency for vehicle purchases, citing environmental concerns. Bitcoin uses a lot of energy, even compared to other cryptocurrencies. Musk continued to promote Dogecoin.

Dow Jones Futures Today

Dow Jones futures open at 6 p.m. ET Sunday, along with S&P 500 futures and Nasdaq 100 futures.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.


Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live.


Coronavirus News

Coronavirus cases worldwide reached 163.16 million. Covid-19 deaths topped 3.38 million.

Coronavirus cases in the U.S. have hit 33.69 million, with deaths above 599,000.

Stock Market Rally Last Week

The stock market rally finished last week on a relative high note, but there were broad-based losses.

The Dow Jones Industrial Average fell 1.1% in last week’s stock market trading. The S&P 500 index retreated 1.4%. The Nasdaq composite slumped 2.3% and the small-cap Russell 2000 2%. But all ended well off their weekly lows.

Among the best ETFs, the Innovator IBD 50 ETF (FFTY) tumbled 3.1% last week, while the Innovator IBD Breakout Opportunities ETF (BOUT) skidded 3.6%. The iShares Expanded Tech-Software Sector ETF (IGV) dipped 1.1%. The VanEck Vectors Semiconductor ETF (SMH) slumped 4.2%. ASML stock is a big SMH component.

SPDR S&P Metals & Mining ETF (XME) slipped 1.4% as iron and copper prices came off highs. Global X U.S. Infrastructure Development ETF (PAVE) pulled back 1.2%. U.S. Global Jets ETF (JETS) eked out a 0.4% advance. SPDR S&P Homebuilders ETF (XHB) tumbled 4.4%. The Financial Select Sector SPDR ETF (XLF) edged up 0.3%. Goldman stock is a significant holding.

Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) tumbled 4.9% and ARK Genomics ETF (ARKG) 5.3%. Despite solid bounces Friday, both are still well below their 200-day lines. Tesla stock is the No. 1 holding across ARK Invest’s ETFs.


Five Best Chinese Stocks To Buy And Watch Now


Stocks Flashing Buy Signals

ASML stock jumped 4% to 647.76 on Friday, breaking a short downtrend and extending Thursday’s rebound from the 50-day line. Shares did fall 1.6% for the week. Unlike most chip-gear rivals, ASML stock only dipped below its 50-day line last week. If ASML can lead a chip-equipment revival, it would be a positive sign for techs and the overall stock market rally.

Google stock slumped 3.3% for the full week. But after falling back to its 50-day/10-week line, the FANG stock rebounded on Thursday and Friday. At 3.2% above the 10-week line, GOOGL stock is still actionable.


Best Dividend Stocks: 5 Strong-Yield Stocks Beating The S&P 500


Goldman Sachs stock just undercut its 356.95 buy point from a flat base or shallow cup on Wednesday. But GS stock bounced back on Thursday and Friday, ending the week down 0.55% at 368.77. Goldman Sachs is one of several Dow Jones components in buy zones with strong RS lines.

Nutrien stock rose 2.1% to 60.54 on Friday, paring its weekly loss to 1.4% and regaining a 59.87 cup-base buy point. One of several leading stocks from the strong fertilizer group and healthy agricultural sector, NTR stock has been on a strong uptrend since the March 2020 bottom.

Maravai stock rose 2.1% to 37.93 for the week, masking a typically volatile week in which shares fell as low as 33.53. Maravai makes a compound for the mRNA coronavirus vaccines from Pfizer (PFE) and Moderna (MRNA), but analysts see growth potential beyond the pandemic for this biotech IPO. MRVI stock has a 39.95 handle in a messy consolidation. But at that point, shares would likely look extended relative to the 10-week line. Investors might want to start a position now as MRVI stock breaks a downtrend in its handle.

Apple Stock

Apple stock fell 2.1% last week to 127.45, but found support at its 200-day moving average and reclaimed its 50-day line on Friday. It’s not too far from a 137.17 cup-with-handle buy point. An aggressive trader might see AAPL stock as being on the cusp of an early entry from the 50-day line and breaking a downtrend in its handle.

But the RS line for Apple stock is just off 2021 lows, showing that it’s not a leader right now but a false prophet.

Tesla Stock

If Apple stock is a false prophet, then Tesla stock might be an excommunicated former leader. Shares did manage to reclaim their 200-day line on Friday. But TSLA stock plunged 12% for the week. The RS line for Tesla stock also is at the lowest level since last November.

Tesla stock actually looks better than ARKK or rival EV stocks, but that’s an awfully low bar. Tesla stock needs extensive repair work.

Market Rally Analysis

The stock market rally remains under pressure, but looks much better than on Wednesday, when the Dow Jones and S&P 500 were falling toward their 50-day lines. Both rebounded to close the week above their 21-day exponential moving averages. The Nasdaq and Russell 2000 are still below their 50-day lines, but not too far off.

Friday’s strong price gains came on light market volume.

The four market indexes all closed in the upper half of their ranges. Perhaps this will end up being a support week, but that isn’t always clear until after the fact.

Ultimately, the major indexes closed the week lower, along with many sectors. Breakouts continued to be treacherous.

Again, choppy market rallies are extremely difficult for active investors. Traditionally, waiting for a stock to prove itself via a breakout, following some sort of uptrend, offers the best odds for success. But with the market rally swinging up and down and sectors rotating in and out of favor, buying a few days or weeks into a stock or group move may mean you’re buying near a short-term top. But buying at the first signs of a stock or overall market rebound can lead to almost instant losses as well.


As Copper Prices Soar, Teck Stock Is Sitting On Green Metal Mother Lode


What To Do Now

Bottom line: Investors should remain cautious. Size your positions relatively small, perhaps starting positions off their 50-day lines, like ASML. Keep your exposure relatively low, spread around a wide array of industries. When screening for stocks, pay close attention to those with relative strength lines at or near highs. That way you can hone in on true leaders like Google stock or ASML, while not being swayed by false prophets such as Apple. Continue to steer clear of highly valued growth stocks like Tesla, unless you have a low-cost basis.

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.

YOU MAY ALSO LIKE:

Five Dow Giants Near Buy Points In Choppy Market

Best Growth Stocks To Buy And Watch

IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today

The 200-Day Average: The Last Line Of Support?

Time The Market With IBD’s ETF Market Strategy



Thanks for dropping by and seeing this news article regarding current World Business and Political news titled “Dow Jones Futures: Still A Tricky Market Rally, But ASML, Google Flash Buy Signals; Bitcoin Breaks Support”. This story was shared by MyLocalPages Australia as part of our national news services.

#Dow #Jones #Futures #Tricky #Market #Rally #ASML #Google #Flash #Buy #Signals #Bitcoin #Breaks #Support



Source link

Thousands rally across Australia in solidarity with Palestinians amid renewed Gaza violence


Thousands of people have gathered in cities across Australia to commemorate the Nakba and rally in solidarity with Palestinians in the wake of renewed violence in Gaza.

The Nakba, also known as the Palestinian Catastrophe, marked when hundreds of thousands of Palestinians were expelled from their homes following the creation of Israel in 1948.

Rallies and vigils were held in Sydney, Melbourne, Adelaide and Canberra on Saturday, where pro-Palestinian protesters reflected on and condemned the recent violence in Gaza and the West Bank.

Pro-Palestinian protesters at Sydney’s Town Hall on Saturday

SBS News

At least 132 people have been killed in Gaza since Monday, including 32 children, according to Palestinian medical officials. Eleven people are reported to have been killed in the West Bank.

Eight people, including two children, have died in Israel, according to Israeli authorities.

“The situation is very bad. We have seen the devastating bombings that have been happening, which made us come here,” one protester told SBS News at the Sydney event at Town Hall.

Georgette, a 78-year-old Palestinian who did not give her last name, said Israel had dispossessed her people from their country.

“They took our land and this is why we are upset,” she said.

Greens Senator Mehreen Faruqi told the Sydney crowd Palestinians have suffered for too long.

“It has been generations of secular colonial violence against the Palestinian people and it has to end,” she said.

A man addressing the Sydney rally

A man addressing the Sydney rally

SBS News

Photos and video uploaded to social media of the Melbourne event show large crowds chanting pro-Palestinian slogans, holding placards and marching in the CBD.

It follows a series of pro-Palestinian protests this week in Bangladesh, Turkey, Belgium, Lebanon, Greece and more.

Nakba demonstrations are also expected to take place in other countries across the world this weekend.

The German government on Friday expressed solidarity with Israel, with political leaders attending a synagogue service.

Jeremy Issacharoff, ambassador of the State of Israel to Germany, speaks at a prayer service in solidarity with Israel at the Berlin-Wilmersdorf synagogue

Jeremy Issacharoff, ambassador of the State of Israel to Germany, speaks at a prayer service in solidarity with Israel at the Berlin-Wilmersdorf synagogue

DPA

Germany has seen scattered demonstrations this week over the escalating conflict in Gaza, with pro-Palestinian protesters shouting anti-Israel slogans and burning Israeli flags.

Steffen Seibert, a spokesman for Chancellor Angela Merkel, condemned what he called the “anti-Semitic” protests.

“Anyone who uses such protests to scream their hatred of Jews is abusing the right to demonstrate. Our democracy will not tolerate anti-Semitic demonstrations,” he told reporters.

With AFP.

Thank you for stopping to visit My Local Pages. We Hope you enjoyed checking out this news article regarding VIC and Australian news published as “Thousands rally across Australia in solidarity with Palestinians amid renewed Gaza violence”. This news article was posted by My Local Pages Australia as part of our local and national news services.

#Thousands #rally #Australia #solidarity #Palestinians #renewed #Gaza #violence



Source link

US economy only added 266,000 April jobs; markets rally; UK construction surges despite soaring costs – as it happened


Rolling coverage of the latest economic and financial news, as the recovery in the US labour market slows unexpectedly

  • FTSE 100 closes at 14-month high as rally continues
  • US jobs report for April much weaker than expected
  • Economists had forecast 1 million new jobs
  • Unemployment rate rises to 6.1%
  • Leisure and hospitality added jobs but manufacturing employment fell

Earlier:

  • UK construction growth near 6.5 year high…
  • Iron ore and copper both at new peaks
  • China reports strong trade growth in April

6.42pm BST

With European stock markets closed for the week, it’s time to wrap up.

A quick recap….

Related: US economy picks up just 266,000 April jobs as hiring slows sharply

“We knew this wouldn’t be a sprint; it would be a marathon.

Quite frankly, we’re moving more rapidly than I thought we would.”

Related: Biden says ‘We still have a long way to go’ after disheartening jobs report – live

Related: Steep rise in flight and holiday prices as UK travel green list looms

Related: UK ministers urged to make tech giants responsible for scams

Related: Activist investor Edward Bramson ends Barclays battle by selling stake

Related: British Airways owner IAG hit by €1.2bn loss amid ‘uncertain’ passenger forecast

Related: Greensill winding-down bills could top £30m in a year, report shows

6.38pm BST

The weaker US dollar helped to push the pound back to $1.40 this afternoon, for the first time in over two weeks.

It’s hovering at $1.3990 right now, up a cent today.

The first minister and Scottish National party leader told reporters in Glasgow “a majority has always been a very, very long shot” as the first vote counts showed surges in support for many sitting Labour, Conservative and Liberal Democrat constituency candidates.

With voters barraged by Conservative warnings that Sturgeon would press for a second independence referendum if she wins a majority, there was a record turnout in polling stations across the country as shy Tory voters turned out in larger than normal numbers.

Related: Nicola Sturgeon plays down SNP prospects after pro-UK tactical voting

Continue reading…

Thank you for stopping by to visit My Local Pages and seeing this news article involving the latest United Kingdom news items named “US economy only added 266,000 April jobs; markets rally; UK construction surges despite soaring costs – as it happened”. This news article is brought to you by My Local Pages Australia as part of our news aggregator services.

#economy #added #April #jobs #markets #rally #construction #surges #soaring #costs #happened



Source link

Euthanasia rally held as SA Upper House set to debate bill and others call for palliative care funding


Stricken with cancer of the larynx, Ray Hardy was nursed through his final days by his loving son Kevin.

It was that deeply personal experience that saw Kevin dedicate his life to palliative care nursing.

More than two decades later, he is one of the leading practitioners in the palliative care sector as he delivers Calvary Hospital’s home care for the terminally ill.

“I believe dying is a natural part of life, it certainly comes in different forms for different people and cancer, chronic illness, is one of those things,” Mr Hardy said.

Mr Hardy is open about his personal view against the Voluntary Assisted Dying Bill currently going through South Australia’s parliament.

It is the 17th time in 25 years the euthanasia debate has rested on the conscience vote of politicians.

A rally was held on the steps of South Australia’s Parliament, ahead of the bill being debated on Wednesday night.(

ABC News: Matthew Smith

)

Mr Hardy believes changing the law would interfere with the “dying process”.

He said he was not comfortable with the concept of society saying it was OK for someone to end their life because they were suffering, when “we’re not doing all we can do to provide people with support at that time”.

“And if we talk about suffering, there is a lot of suffering in other aspects of health — we talk about mental health issues, several neurological conditions that children and young adults have.”

Mr Hardy admitted some palliative care patients had spoken to him about euthanasia and he had always been able to say that it was against the law.

Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume.

Play Audio. Duration: 10 minutes 46 seconds

Push for more palliative care funding

Palliative Care SA does not have a stance on the euthanasia bill.

The organisation said whether the bill was successful or not, an additional amount of more than $29 million must be put into the palliative care sector every year.

Executive director Mark Water said this would have far-reaching benefits.

“This leads to less ramping, it leads to less unnecessary procedures in hospital,” he said.

“It would lead to people staying out of hospital and supported at home or in the place they’ve chosen to die.”

Petrina Young
Petrina Young’s father, Peter, passed away after a battle with cancer in 2020.(

ABC News: Matthew Smith

)

Just hours before the debate gets underway in parliament’s Upper House on Wednesday night, a rally was held outside.

Petrina Young felt compelled to attend after the painful death of her father Peter from cancer in November.

“It’s not peaceful and it’s not pain-free and it’s difficult because it’s sad — it’s awful seeing someone suffer that way,” she said.

If the bill passes through the Upper House, it will still need similar support in the Legislative Assembly to become law.

Thank you for dropping in to My Local Pages and checking this news release regarding the latest SA news items named “Euthanasia rally held as SA Upper House set to debate bill and others call for palliative care funding”. This news release was posted by My Local Pages Australia as part of our Australian news services.

#Euthanasia #rally #held #Upper #House #set #debate #bill #call #palliative #care #funding



Source link

Targa Tasmania: two killed, day 6, bad weather, One killed in Lyell Highway crash during rally day 5


A driver and co-driver have been tragically killed in a fatal car crash at the 2021 Targa Tasmania rally, just a day after another person was killed on Day 5 of the event, local media have reported.

The latest crash was on Wattle Grove Road and brings the total number of competitors killed during the race since its first event in 1992 to five.

Both crashes are being investigated by police.

It comes after NSW competitor Shane Navin died on Friday morning in a crash.



We hope you enjoyed reading this news release about the latest Australian Sports News items named “Targa Tasmania: two killed, day 6, bad weather, One killed in Lyell Highway crash during rally day 5”. This post is posted by My Local Pages as part of our national news services.

#Targa #Tasmania #killed #day #bad #weather #killed #Lyell #Highway #crash #rally #day



Source link

Didi cuts rally time, BJP for mini meets


BJP declared that it would not hold big poll campaign rallies in the state; public meetings with not more than 500 persons will be held

Kolkata/New Delhi: Rattled by the explosion of Covid-19 cases amid Assembly elections in West Bengal, chief minister Mamata Banerjee on Monday cancelled all her poll campaign in Kolkata and also curtailed the length of her district rallies to 30 minutes. The BJP too, singed by criticism over the rising cases and non-adherence to Covid protocols at election rallies, announced that it will reduce the crowd strength at each rally of its star campaigners, including Prime Minister Narendra, to a maximum of 500 for the remaining three poll phases.

The move by the Trinamul Congress supremo and the BJP came two days after Congress MP Rahul Gandhi cancelled his campaign in the state. Ms Banerjee, however, clearly ruled out immediate enforcement of either a lockdown or night curfew by her government in the state. The state witnessed a new record in daily spike in Covid-19 cases on Monday with 8,426 people testing positive and 38 dying in the last 24 hours.

 

On Monday afternoon Ms Banerjee said in Malda, “At present 2,000 patients are in serious condition in the state. In Greater Kolkata, we will not conduct any big campaigns. All will be small in size. I, myself, will also not campaign in Kolkata. Besides, I have also curtailed my rallies. On the last day of the poll campaign, i.e. April 26, I will hold a small rally only.”

Asked about lockdown or night curfew, like it’s being clamped in other states to break the chain of infection, she explained, “Nothing will happen out of the night curfew. It is not a solution. We are not imposing lockdown now also. If it is done suddenly, won’t the people suffer? Will a lockdown solve the problem? Bus, train and flights are operating. Lakhs of people have come here from outside. I feel that the people should not be forced into anything. What cannot be done under force is possible through love. Solution is we have to avoid political pollution. All we need to do is to be careful.” 

 

In the evening the BJP, which has been facing flak from rivals and also on the social media for holding big rallies and road shows of its leaders amid the pandemic, declared that it would not hold big poll campaign rallies in the state. 

It said, “In West Bengal, the Assembly polls have been underway. It is also important that this constitutional and democratic process should be completed. Keeping it in mind BJP national president Jagat Prakash Nadda decided that small public meetings with a crowd of not more than 500 persons will be organised for Prime Minister Narendra Modi and other central leaders in West Bengal. These rallies will be held in open places under Covid guidelines in Bengal.”

 

The saffron party’s statement came after its national general secretary Kailash Vijayvargiya tweeted, “In view of the Corona infection, instructions have been received from the Prime Minister’s Office to change the form of the meetings of Hon’ble Prime Minister. Special attention should be taken for social distancing.” 

According to BJP sources, Mr Modi addressed 18 campaign rallies for BJP candidates during his 12 visits to the state so far. In his next visit, the PM is expected to address four rallies: one each in Malda, Murshidabad, Birbhum and Bhowanipore in South Kolkata on April 23, party insiders revealed.


 

He was earlier supposed to address two rallies in Malda and Murshidabad on April 22, when the state will go to the sixth phase of polls, and in Bhowanipore and Birbhum on April 24, sources said.

 

The BJP’s IT wing head Amit Malviya, who is also the party’s co-incharge for the state, said the BJP would leverage its “massive digital footprint” and take the message of Mr Modi and other leaders to lakhs of people.

Meanwhile, state Congress chief Adhir Ranjan Chowdhury is in home isolation after coming in touch with some who tested positive during the campaign. The state government also preponed summer vacation, to be effective in all schools from Tuesday, after reducing the staff strength to 50 per cent at public workplaces.

end-of

Thank you for dropping by My Local Pages and checking this news update involving Indian news published as “Didi cuts rally time, BJP for mini meets”. This post is shared by MyLocalPages as part of our news aggregator services.

#Didi #cuts #rally #time #BJP #mini #meets



Source link

Dow Jones Futures: Stock Market Rally Enters Power Trend; Square, Snap Carve Handles; Are Apple, Tesla Next?


Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally had another strong week, with the Dow Jones, S&P 500 index and Nasdaq 100 all hitting record highs.




X



The stock market rally is now in what IBD’s Market School deems a Power Trend, meeting all the criteria. The Nasdaq composite is above the 50-day moving average and has held above the 21-day exponential moving average for 10 straight days. The 50-day line is in an uptrend and the 21-day line has now been above the 50-day for five straight days. A Power Trend is another signal that the current stock market rally, is in a strong uptrend.

But there are some signs that the market rally is getting too extended, with investors getting too bullish.

Sea Limited (SE), Square (SQ), Snap (SNAP), 10X Genomics (TXG) and Netflix (NFLX) have newly formed handles with buy points. Apple (AAPL), Amazon.com (AMZN) and Tesla (TSLA) are working on possible handles.

Keep in mind that Snap and Netflix earnings are on tap this coming week, while Apple stock, Amazon and Tesla are due the following week.


Why This IBD Tool Simplifies The Search For Top Stocks


Investors shouldn’t take these stocks and build a portfolio out of them, even if they all break out. Highly valued growth stocks have been laggards in the current market rally. Concentrating in any one sector or investing theme could leave investors exposed to a sell-off. A good example was Wednesday’s reversal in many story stocks, including Square, Snap, TXG and Tesla stock.

Focusing on one area could mean missing out on gains in other sectors, such as steel, housing retailers and financials, amid an ever-rotating stock market rally. Still, having a couple of these names — if they break out — is worth considering.

Meanwhile, Coinbase (COIN) is now a publicly traded company. The cryptocurrency exchange is highly profitable with booming growth. But investors shouldn’t jump into this new IPO right away.

Square stock is on IBD Leaderboard. Square and Snap stock are on the IBD 50.

Dow Jones Futures

Dow Jones futures will reopen at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.


Market wizard Mark Minervini joins IBD Live Monday as the panel analyzes actionable stocks and the market rally.


Coronavirus News

Coronavirus cases worldwide reached 141.29 million. Covid-19 deaths topped 3.02 million.

Coronavirus cases in the U.S. have hit 32.37 million, with deaths above 580,000.

New U.S. Covid cases are picking up modestly, but deaths continue to slide. Most seniors have been vaccinated, while overall immunizations continue to ramp up.

But global new cases are right at prior highs, as infections surge in India, Brazil, Turkey, Argentina and Iran, with European cases still high. While the U.S. is on track to achieve herd immunity within a few months, vaccinations have barely started in much of the world.

Stock Market Rally

The stock market rally turned in solid weekly gains once again, with the Dow Jones and S&P 500 hitting fresh highs.

The Dow Jones Industrial Average rose 1.2% in last week’s stock market trading. The S&P 500 index climbed 1.4%. The Nasdaq composite advanced 1.1%, while the big-cap Nasdaq 100 rallied 1.45%. The small-cap Russell 2000 gained 1%.

The 10-year Treasury yield fell 9 basis points to 1.57%. The big decline came despite strong growth and inflation data. Bond traders apparently are not as worried about accelerating inflation. Booming economic growth and low interest rates is a recipe for broad-based market gains.

Among the best ETFs, the Innovator IBD 50 ETF (FFTY) climbed 0.9% last week, while the Innovator IBD Breakout Opportunities ETF (BOUT) rose 1.1%.  The iShares Expanded Tech-Software Sector ETF (IGV) popped 2.9%. The VanEck Vectors Semiconductor ETF (SMH) declined 1.4%.

SPDR S&P Metals & Mining ETF (XME) jumped 4.1% and Global X U.S. Infrastructure Development ETF (PAVE) added 1.3%. U.S. Global Jets ETF (JETS) sank 3.15%, as travel plays struggled.

Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) edged up 0.9% but pulled back from a 10-week line test on Wednesday. ARK Genomics ETF (ARKG) climbed 1.1%. Tesla is no. 1 holding for ARK Investments across its ETFs. Square stock also is a top five ARK Invest holding, while the ARKG ETF owns a fair stake in TXG stock. ARK has bought up significant COIN stock over various ETFs since Wednesday’s debut.

Growth Stocks With Handles

A handle is a good place to shake out weak holders. A proper handle needs to be flat to downward-sloping. It must be at least five days or one week long. And the midpoint of the handle should be above the middle of the base, limiting the overhead supply. The buy point is 10 cents above the top of the handle.

SE stock has a cup-with-handle base with a 258.70 buy point on a daily chart, according to MarketSmith analysis. On a weekly chart, there’s no handle, so the buy point would be 285.10. This is the first real base for SE stock in at least a year.

Square stock is working on a consolidation, nearing record highs. After rising for 10 straight sessions, SQ stock has pulled back in recent days. That could be healthy development.. On a daily chart, a proto handle still needs a couple of days to be proper. But on a weekly chart, SQ stock has a handle with a 278.23 buy point. On either a daily or weekly chart, the recent pullback came on light volume following some above-average volume up days.

Snap stock is working on a handle on a daily chart, but on a weekly chart it has a handle that’s just above the midpoint of the base. The buy point is 65.96. That possible buy point is just above the mid-March peak of 65.13, in what could be seen as a “W” in a double-bottom base. Investors also could view the current pattern as a cup base with 73.69 entry. Snap earnings are due Thursday night.

10X Genomics stock tried to break out on Wednesday past a 201.80 buy point, but like many growth plays reversed lower. On a daily chart, TXG stock might be forming a high handle with a 203.30 entry. Technically, 10X Genomics has a high handle on a weekly chart, because of the down week. But TXG stock’s “down week” was only off 0.3%.

Netflix stock has a handle on a weekly chart at 559.85. On a daily chart, NFLX stock is on track to have a handle after Tuesday, just in time for Netflix earnings after the close. Netflix is in a base going back to late January but really has been going sideways since last July. So its relative strength line has been trending lower over that time. Investors may want to see a powerful breakout before subscribing to Netflix stock. Even that’s no sure thing: NFLX stock gapped out of a base after Q4 earnings, but then quickly fell back.

Possible Handles

Apple stock technically is three days into a handle, but an investor has to squint to see it. AAPL stock could use a good shakeout in its handle attempt, perhaps with a weekly decline. But until then Apple stock has a cup base with a 145.19 buy point.

Amazon stock is working on a handle, though there hasn’t been much of shakeout. However, the top of this would-be handle came in just shy of the Feb. 3 peak of 3,434, signaling the importance of that key level. For now, investors could treat 3,434.10 as a buy point, as either an early entry on a consolidation going back to early September, or as the top of a cup base within that larger consolidation.

As with NFLX stock, Amazon has been going sideways essentially since last July, giving a woeful RS line.

Tesla stock jumped Monday and Tuesday, moving above its 50-day and 10-week lines as well as its March highs. But share reversed lower on Wednesday, starting a possible handle. A handle could be valid on a daily chart after Tuesday, but a bigger shakeout that shows up on a weekly chart could be healthy. A key negative: Tesla stock’s 50-day line has been in decline for more than a month.

Wait for COIN Stock IPO Base

Coinbase is a cryptocurrency exchange giant, minting real dollars for its digital asset trading. It’s getting a lot of attention and could have a bright future. But it’s not time to jump into COIN stock. It’s better to let a new stock find its footing and set up some sort of base. An IPO base can be very short, and are often highly volatile. But they offer a much-higher chance of success than buying an IPO in its debut or first few days, without any real chart pattern.

Coinbase opened Wednesday at 385, quickly ran up to 429.54, but then sold off. After that first hour of trading, COIN stock has only traded below 385. In the past two days, shares have never topped 350, closing Friday at 342. Anyone who bought COIN stock in the first few minutes is sitting on a big loss.

Market Rally Analysis

The stock market rally is now in a Power Trend, a positive signal. But the S&P 500 and Dow Jones are nearly 6% above their 50-day moving averages. That’s just shy of the 6% level suggesting they’re becoming extended. With Microsoft (MSFT), Google (GOOGL), Facebook (FB) and Nvidia (NVDA) hitting record highs and Apple, Amazon and Tesla rebounding, it’s not that surprising to see the major indexes separate from key levels.

But be on watch for a market pullback, even if it’s fairly modest. Along with ongoing market rally rotation, investors may want to be wary of adding significant new exposure in the very short term.

Other possible issues: Investor bullishness is relatively elevated, according to the Bulls vs. Bears reading and other psychological indicators. The rise in tech titans such as Apple is masking flat action in the Nasdaq advance/decline line.

Still, despite the ongoing sector shifts, a diverse group of stocks has taken advantage of the broad uptrend.

What To Do Now

We’ve gone from cyclicals to chips to big techs and back to cyclicals. Balanced leadership means you can avoid too much exposure to a sector just before a reversal. Keep a broad watchlist, not only for potential buys, but to help you be aware of which sectors are trending or lagging.

Go through your portfolio. You might consider taking partial profits into strength on some winning stocks. For stocks that are lagging or losing, how much patience do you give them?

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.

YOU MAY ALSO LIKE:

Big Picture: Three Major Risks To Watch

Want To Get Quick Profits And Avoid Big Losses? Try SwingTrader

Best Growth Stocks To Buy And Watch

IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today

Five Stocks Near Buy Points Include 3 Vaccine Plays



Thank you for seeing this article about the latest World Business news items published as “Dow Jones Futures: Stock Market Rally Enters Power Trend; Square, Snap Carve Handles; Are Apple, Tesla Next?”. This news article is posted by My Local Pages as part of our local news services.

#Dow #Jones #Futures #Stock #Market #Rally #Enters #Power #Trend #Square #Snap #Carve #Handles #Apple #Tesla



Source link

Neighbours star Meyne Wyatt addresses crowd at Sydney rally demanding justice for Aboriginal people


Former Neighbours star Meyne Wyatt has addressed large crowds at a protest demanding justice for Aboriginal people who have died in custody.

The national day of action comes days before April 15 – which marks 30 years since a Royal Commission handed down more than 330 recommendations into Aboriginal deaths in custody.

“Recommendation after recommendation being ignored completely,” Mr Wyatt chanted at large crowds outside Sydney’s Town Hall on Saturday afternoon.

“You sick of hearing about racism? I’m sick of f**king talking about it,” he yelled.

It comes as actors in the long-running soap Neighbours came forward with allegations of racism on the set of the iconic Australian show.

Aboriginal actor Shareena Clanton was the first actor to make detailed allegations of racism on the series earlier this week.

Production company Fremantle issued a statement in response to the claims.

Thousands of people across Australia attended protests demanding justice for Aboriginal people who have died in custody today.
Camera IconThousands of people across Australia attended protests demanding justice for Aboriginal people who have died in custody today. Credit: David Geraghty/News Corp Australia

“Neighbours strives to be a platform for diversity and inclusion on-screen and off-screen. Our quest is always to continue to grow and develop in this area and we acknowledge that this is an evolving process,” a spokesperson said.

Thousands gathered at meeting points in Alice Springs, Perth, Brisbane, Sydney and Melbourne on Saturday afternoon.

About 1000 people listened to speeches at Parliament House on Spring Street in Melbourne, where federal Indigenous Greens Party senator Lydia Thorpe addressed the crowd.

“You say justice, we say murder,” she chanted to crowds before they then marched through the streets towards Flinders Street Station.

An Aboriginal flag flown at half mast in memory of Prince Phillip at Parliament House in Melbourne was condemned by some people in the large crowd and on social media.

One Twitter user quipped: “The Aboriginal flag being flown at half mast for Prince Philip while Aboriginal and Torres Strait Islander people and allies rally to end Black deaths in custody is all you need to know about this country.”

The nationwide protests on Saturday followed the deaths of five Aboriginal people in custody since March this year.

Australians also took the streets then where Wurundjeri leaders led protests and mourned for Aboriginal lives lost in police custody.

The traditional custodians of the land also expressed solidarity with the US Black Lives Matter movement and the family of George Floyd, who suffocated on a Minneapolis street under the knee of a police officer.



Source link

Disability advocates rally against proposed NDIS changes




The government says it will make the scheme fair and equitable for all Australians, but many people with disability fear they will lose essential supports. Nas Campanella reports.

Thank you for dropping in to My Local Pages and checking this news update regarding the latest TAS news items published as “Disability advocates rally against proposed NDIS changes”. This news release is presented by My Local Pages as part of our Australian news services.

#Disability #advocates #rally #proposed #NDIS



Source link