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The Olympic champion gymnast and wife of Packers safety Jonathan Owens weighed in on a cold and snowy Halloween with a tweet on Monday that said simply, “I’m NOT built for cold weather.”

Plenty of Wisconsinites were grumbling about the area’s ill-timed first snowfall of the season (in October!), but for Biles, who grew up, trains and lives in Texas, it no doubt was a shock, especially for someone who just two days earlier was spotted wearing a sweatshirt at the Minnesota Vikings-Packers game at Lambeau Field to cheer on her husband.

But cold-hardy folks were quick to step up and offer some tips for the far chillier weather still to come. Heaven Daniels, the wife of former Packers defensive tackle Mike Daniels, had some of the best advice: Tap your friendly local deer hunter for the tricks of the trade.

“The hunters are the ones who had me game ready girlfriend!’ Daniels wrote. ‘Heated insoles (well everything), snow pants/suit, down coat, stand on styrofoam or cardboard, baileys (Irish cream liqueur) & hot chocolate — or eventually move inside at them games girl cuz whewww!! You’ll make it!”

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Other suggestions that were tossed out on X and might be handy for any cold-season Packers game newbie:

Check into a battery-powered heated jacket.“Stocking caps are essential.”Electric socks.“Stock up on wool.”Don’t discount the warming powers of a hot toddy or brandy Old-Fashioned.

At least one person pointed out she’s missing something many Wisconsinites carry a little extra of to help insulate: body fat.

A few glass-half-empty types reminded her it’s only going to get worse.

“Green Bay hasn’t seen ‘Green Bay cold’ weather yet. Just letting you know,” wrote one person. But from the glass-half-full camp: “It builds character and makes vacation more meaningful, Simone!”

“The hospitality in Green Bay is unmatched,” she wrote in a separate post on X on Wednesday. She didn’t provide any details, but it prompted a flurry of comments about “Wisconsin nice” and “Midwest nice.”

“We are a pretty nice bunch. Unless you’re from Illinois,” one person joked.

Sunday was the second regular-season Packers game Biles could attend. She was at a couple of preseason games in August as well as the Packers’ season opener against the Chicago Bears in September before departing for the world championships.

This post appeared first on USA TODAY

BEREA — Deshaun Watson is going to try again to make a comeback.

The Cleveland Browns quarterback is going to start Sunday’s game against the Arizona Cardinals, head coach Kevin Stefanski announced Friday afternoon. It will be his second start in three weeks after missing two games with a rotator cuff stain in his right shoulder, although he didn’t make it out of the first quarter the last time he started against the Indianapolis Colts on Oct. 22.

Watson was on the practice field for the third consecutive day on Friday, which marks the most he’s practiced in a week since the days leading up to the Browns’ Week 4 loss to the Baltimore Ravens, the week the rotator cuff strain in his right shoulder first became public. After being limited on Wednesday and Thursday, although he did participate in all of the individual throwing drills those days, Watson was a full participant on Friday.

Watson took all of the first-team reps during the roughly 20 minutes of practice open to the media. That involved some warmup tosses before the rest of the time was spent working in the short red zone.

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Watson did have a few passes which were either short or low. However, he also mixed in a few good ones as well.

That Watson practiced three straight days was a change from what has been the norm over the last month-plus, even from the week leading up to the Ravens game. That week, he didn’t throw on Wednesday and barely threw on Friday, yet the message throughout that week was that he was going to play, right up until he was ruled out nearly three hours prior to kickoff.

Rookie Dorian Thompson-Robinson was thrown into the mix for that game, and his first NFL start did not go well in a 28-3 loss. That led the Browns to come out of the subsequent bye week by naming fourth-year pro P.J. Walker, who had been on the practice squad, as Watson’s backup.

Walker started two of the next three games — a Week 6 win over the San Francisco 49ers and this past Sunday’s loss at the Seattle Seahawks — while coming in for essentially the final three quarters of the Week 7 win at the Indianapolis Colts. He helped guide the Browns on go-ahead scoring drives late in the fourth quarter of both the 49ers and Colts games.

Watson tried to come back and play against the Colts after having practiced on the Thursday and Friday prior to the game. He went through a normal pregame warmup routine, but struggled going 1-of-5 passing for 5 yards with an interceptions before being knocked down by Indianapolis defensive Dayo Odeyingbo with 3:13 remaining in the first quarter.

While Watson was cleared of a concussion by the independent neurologist on the sideline, he never returned to the game. After the game, Stefanski said the decision to hold him out was to ‘protect him.’

Watson has completed 66-of-107 passes (61.7%) for 683 yards with 4 touchdowns and 3 interceptions in four games. He was 27-of-33 for 289 yards with 2 touchdowns in the Week 3 win over the Tennessee Titans, the game in which he suffered the injury on a third-quarter hit by Amani Hooker.

This post appeared first on USA TODAY

Inter Miami will celebrate Lionel Messi’s eighth Ballon d’Or award with a friendly against a fellow MLS side next Friday.

The event, dubbed Noche d’Or, will see Messi celebrated at 6 p.m. before Inter Miami plays New York City FC at 8 p.m. inside DRV PNK Stadium in Fort Lauderdale, Florida.

Messi will address the fans, while Inter Miami co-owner Jorge Mas and MLS commissioner Don Garber will also speak during the pregame festivities, the team announced in a press release on Friday.

Tickets go on sale to the general public at 2 p.m. ET on Friday. Fans can watch the event on Apple TV through MLS Season Pass.

While celebrating Messi’s achievement, Inter Miami’s friendly will serve as a replacement for the club’s China tour, which was canceled this week. Inter Miami was slated to face two Chinese super teams in China on Nov. 5 and Nov. 8, but the friendlies were canceled by the promoter.

Messi wins eighth Ballon d’Or

Messi won his eighth Ballon d’Or, which is translated to Golden Ball in French and considered the most prestigious individual award in soccer, during a ceremony in France this week.

Messi beat out Manchester City’s Erling Haaland, and his former Paris Saint-Germain teammate Kylian Mbappe for the award.

Messi has won the Ballon d’Or in 2009, 2011, 2012, 2013, 2016, 2019, 2021 and 2023 – more than any other player in the award’s 67-year history.

Inter Miami’s China tour canceled

Inter Miami confirmed Wednesday its China tour, to capitalize on Messi’s presence and promote the club’s brand in Asia, was canceled.

The event’s promoter, Never Say Never, announced the cancellation ‘due to the death of former Chinese Premier Li Keqiang, the country’s No. 2 for the past decade.’

‘Last Friday, October 27, former Chinese Premier Li Kequiang, one of the main leaders in Chinese politics and a reformist figure admired throughout the country, passed away suddenly in Shanghai. As a mark of respect for the news that has shocked Chinese society, the tour organizers decided to suspend the two matches that the team was to play in China,’ NSN said in a release.

Inter Miami said it will continue to explore opportunities for international friendlies.

What’s next for Messi?

Inter Miami’s friendly will also serve as a tune up for Messi, who will rejoin the Argentine national team later this month for two more 2026 World Cup qualifying games.

Argentina will play Uruguay in Buenos Aires on Nov. 16, and Brazil at Maracana Stadium in Rio de Janeiro on Nov. 21.

Messi was held scoreless but played the entire match in his last outing with Inter Miami, a 1-0 loss to Charlotte FC to end the MLS season on Oct. 21.

Messi returned to form in his most recent match with Argentina, during which he scored two goals and played all 93 minutes in a match against Peru on Oct. 17.

Messi was sidelined with a right leg injury that caused him to miss six Inter Miami matches in the final month of the MLS season.

This post appeared first on USA TODAY

FRANKFURT, Germany — It was six years and six Pro Bowls for Tyreek Hill with the Kansas City Chiefs, but he was trying to downplay that uber-obvious storyline this week.

‘No emotions,’ Hill said of facing his former team as a member of the Miami Dolphins on Sunday.

Hill said he’s going to try to treat this week like any other. He said it’s just another opportunity to play the game he loves. He said both teams will just try to win the game.

Oddly for Hill, the opportunity for a homecoming at Arrowhead Stadium did not come to fruition.

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‘It doesn’t really matter where we play at,’ Hill said. ‘I mean, obviously, it would have been great to play in KC. But it really doesn’t matter where we play at. You feel me?’

Then Hill, the uber-confident MVP candidate, slipped in one bold remark.

‘They gon’ get this work, wherever, though,’ Hill said, smiling. ‘Y’all use that. Bulletin board material.’

Tyreek Hill’s revenge game against the Chiefs

Dolphins players and coaches suggested Hill has been his typical self this week.

On track to break a record with more than 2,000 receiving yards, Hill is focused on playing well and helping the team play well, they say.

‘I think his teammates are going to take it more personal for him then ultimately he will take it,’ Dolphins coach Mike McDaniel said. ‘One of the reasons he is able to have the production that he has, which is at a historic rate through eight games, is because of how fiercely competitive he approaches each week.’

Hill is one of the best players in the NFL. He wanted to be paid as such, which is a large reason why he requested the Chiefs allow him to explore alternative trade and contract options.

‘I’m kind of glad that it happened now and, like, I don’t even think about it now,’ Hill said of the trade. ‘Obviously, the situation is great. Great teammates. My family’s from Miami. So also, I accomplished one of my goals as being one of the highest paid in the league. So everything is great. Life is great,man.’

Tua Tagovailoa impressed by Tyreek Hill’s work ethic, leadership

Players describe Hill’s impact, on and off the field.

‘You think you’re a baller and a good player, then you meet someone like Tyreek who comes in,’ wide receiver Jaylen Waddle said. ‘He’s legendary, historic – y’all see that throughout the week. He just brings the team along, got high energy, brings it each and every week.’

‘I would say I didn’t know what to expect,’ quarterback Tua Tagovailoa said. ‘I think as we all look at Tyreek’s film, we know one thing is for sure, is that he might be the fastest man alive as far as stepping foot on a football field and playing in pads. Outside of that, I think what really surprised me was who he was as a leader, his work ethic, and then how he takes ownership of what is asked of him.’

‘His confidence, his charisma, I think it’s just that ability to be mentally tough,’ fullback Alec Ingold said. ‘Like, I think that’s a skill in itself, too.’

Dolphins offensive coordinator Frank Smith notes that he marvels at Hill’s commitment to maximizing his time. McDaniel adds Hill is a fierce competitor.

Hill didn’t let his guard down in a news conference that included German media this week. The one moment he did came when he said Patrick Mahomes and Andy Reid didn’t call him back about the trade. Processing what had happened took a minute, Hill said.

‘It took some time, man,’ Hill said, in a reflective tone. ‘Yeah, it definitely took some time.’

Dolphins glad Tyreek Hill’s on their side now

Sunday represents an enormous opportunity for the Dolphins, who could use a landmark win against a Super Bowl contender.

The Dolphins will need to slow down Mahomes, the Chiefs’ star quarterback. But Mahomes no longer has Hill in his huddle.

‘I’m just happy he’s on my team now,’ said Dolphins cornerback Xavien Howard, who faced Hill as a member of the Chiefs.

Sunday’s international clash between two AFC powers could come down to a big play.

Hill is likely to be the best player on the field, for either team.

‘I mean he’s as Miami as it comes now,’ McDaniel said. ‘He’s on a new chapter and worried about being a captain for this team.”

This post appeared first on USA TODAY

AVONDALE, Ariz. — As one Fall Classic comes to a close in Arizona, another is set to take place in this weekend when Phoenix Raceway hosts what’s sure to be a memorable NASCAR Cup Series Championship Race.

In what’s been considered a wild and unpredictable season by most, it’s reasonable to expect the same as the 2023 season comes to an end. These notions are heavily reflected in the make-up of the Championship 4 drivers who will be vying for the 2023 Bill France Cup on Sunday.

Composed of a youthful quartet that exudes all of the qualities it takes to cement their name in the history books, this title fight is truly as wide open as it’s been since the one-race-take-all format was introduced in 2014.

The drivers for all three NASCAR series were at Phoenix Raceway on Thursday to get championship activities under way. Here’s a closer look at the four drivers vying for the Cup title:

Kyle Larson: the favorite

The veteran of the group, Larson, 31, enters as one of two drivers making a second Championship 4 appearance. In his first, he dominated at Phoenix, en route to the 2021 title and his maiden victory at the one-mile track.

For this reason, among many others, Larson is considered the favorite to become the 18th different driver to have multiple Cup championships.

Larson and crew chief Cliff Daniels have a chance to replicate what they did in 2021 after winning the first Round of 8 race at Las Vegas and having another three-week head start on the competition for Phoenix, which should be scary for the rest.

Due to the fact he didn’t win in the spring, many are quick to forget the performance Larson put on. While he wound up fourth, the driver of the No. 5 led the most laps and won a stage, but got burned on an overtime restart.

Since joining Hendrick Motorsports, Larson has four top-10s in five starts with 81% of his laps led at Phoenix coming in this span. He’s also the only contender with a title and win at Phoenix.

Even with the success and accolades, Larson has his eye on another contender: the “underdog” Christopher Bell.

“I definitely have a ton of respect for him,” Larson said. “In my opinion, he’s one of the best race car drivers in the world. “(He’s) just a guy that you can never count out. Him and his team have been able to capitalize on things and execute the ends of the races really well. It’s cool to see another dirt guy run as good as him and have another dirt guy in the final (round).”

Christopher Bell: Shifting into high gear

Many aren’t favoring Bell as high as the other drivers, but maybe they should. The resilient 28-year-old is making his second-straight Championship 4 appearance and comes from the same dirt-racing background as Larson, who gave him a glowing endorsement.

The most striking thing about Bell’s Cup career has been his ability to shift into a different competitive gear when it counts. This postseason, he’s combined for an 8.6 average with only one finish outside of the top-15 through nine races.

Where apprehensions about Bell’s quest for a Cup title come into question is his history at Phoenix. With a 14.4 average and no laps led in seven starts, he will have to be better in an event where the champion has always perennially been the race winner as well.

The silver lining is Bell has four top-10s at Phoenix, all of which have come in his last five attempts. Additionally, he finished a career-best sixth there in the spring.

What does he think about going through Larson for the title?

“He’s got to be the favorite,” Bell said. “I mean, he’s won the (four) races. He locked himself in earliest. He’s going to be tough to beat, but I beat him plenty of times and Phoenix is 312 laps, so it’s a long time.

“Kyle’s strength is his raw talent. His 90-percent is everyone else’s 100-percent, so he’s able to run the car at the ragged edge a lot easier than other people can.”

William Byron: Opportunistic winner

Byron enters his first Championship 4 as the driver who realistically should be favored. With series-best marks in wins (six), top-10s (20) and average finish (11.2), why shouldn’t he be?

In addition to the statistical success, Byron and his team have made a case as the most opportunistic in the sport in the way they’ve been able to capitalize off late-race adversity for others. This was prominently on display when he won at Phoenix in the spring over Larson in overtime.

At Phoenix, Byron hasn’t quite lit up the stat sheets with six top-10s and an 11.9 average through 11 starts, but he’s had impeccable postseason prowess. Through nine races, he only has two finishes outside of the top-10 with a lowest finish of 15th and an average of 6.3.

Entering his first Championship 4 as the youngest driver at 25 years old, but the most going for him in 2023, does he consider himself the favorite?

“I think (Ryan Blaney) is really fast,” Byron said. “He does a good job managing his car and his race. I’d say, in the summertime, it didn’t look like Penske had a lot of speed … but once the playoffs started, they’ve been on kill. It’s been pretty impressive how fast they were in the last round.”

Ryan Blaney: Knocking on the door

The driver entering with the most momentum and seemingly the world on his side is fan favorite Ryan Blaney, who completed a walk-off victory at Martinsville Speedway last weekend to qualify for his first Championship 4.

In what’s been statistically a down year (again) for Team Penske and Ford, Blaney is hoping for more of the same result from last year, when his teammate Joey Logano shocked the racing world by winning his second championship in almost an identical position.

While Blaney might have inexperience in this phase of the postseason, he boasts probably the best stats at Phoenix of all the Championship 4 drivers.

Riding a six-race top-10 streak at the one-mile track, Blaney also has finished top-four in his last four starts, including runner-up in his most recent two attempts with 321-of-429 career laps led at Phoenix during this stretch.

Additionally, going back to the 2020 Championship Race, Blaney has a 4.7 average — the same average he’s posted over the last five races this season with two wins and one runner-up in this time.

He might be winless at Phoenix, but he’s been knocking on the door — eerily similar to his arc at Martinsville prior to last week. Could this be the weekend he finds victory lane in the desert?

“I think the biggest obstacle is you have three other teams going for it,” Blaney said. “I mean, those are the toughest obstacles — beating everyone else. That’s what makes racing so hard. I’ve always said driving race cars is really easy, but when you’re trying to beat everybody else, that’s what makes it really hard to do.”

This post appeared first on USA TODAY

Russia this week declared that Israel has no right to self-defense and labeled its would-be ally an ‘occupying power’ in a move that undermines years of work from Jerusalem to improve its relationship with Moscow.

‘The only thing [the West] can muster is continued pronouncements about Israel’s supposed right to self-defense. Although, as an occupying power, it does not have that power,’ Russian Amb. Vasily Nebenzya said during his speech at the United Nations General Assembly session on the conflict. Nebenzya clarified that Israel can ‘fight terror,’ but urged the country to ‘fight terrorists and not civilians.’ 

Nebenzya also condemned Western ‘hypocrisy’ over Palestinian deaths and compared it to the outcry over Russia’s invasion of Ukraine, according to The Moscow Times. 

‘In other situations, [Western nations] call for the respect of humanitarian law, set up inquiry commissions and impose sanctions on those who use force as a last resort to stop years of violence,’ Nebenzya said, but that on the ‘destruction in Gaza … they play mum.’ 

Russian President Vladimir Putin remained muted in the days immediately following the Hamas terrorist attack on Israel, which The New York Times suggested spoke ‘volumes’ about the state of relations between the two countries. To underscore the seeming shift in policy, Moscow hosted representatives from Hamas and Iran’s Deputy Foreign Minister Ali Bagheri Kani. 

The meeting aimed to determine ways to stop ‘Zionist crimes supported by the United States and the West,’ The Times of Israel reported.  

With the Russian ambassador’s statement at the United Nations this week, that policy appears to have flown out the window, according to Rebekah Koffler, a strategic military intelligence analyst and the author of ‘Putin’s Playbook.’ 

‘Russia has unequivocally sided with the terrorists, which marks a reversal of Moscow’s 20-plus years of largely pro-Israel policy,’ Koffler told Fox News Digital. 

‘Putin has been orienting Russia towards the East — China, India — and the Arab world, and will do anything to undermine the West or its allies, in this case Israel’ and that Russia’s actions this week could ‘score points’ with the Arab world and served as ‘payback’ for Israel’s aid to Ukraine, she said.

Koffler noted that Putin’s decisions could work toward ‘undoing years of work suppressing radical Islamic extremism’ and playing into the growing anti-Israel and antisemitic sentiments flooding the world. 

Russia, in particular, suffered a particularly embarrassing and horrifying incident last weekend as residents in the Russian region of Dagestan stormed an airport after hearing that a flight from Israel was inbound. Hundreds of men, some of them carrying banners with antisemitic slogans, even rushed the tarmac to find the plane. 

The men clashed with police officers as what may have started as a protest quickly devolved into a riot that injured 20 people — none of them Israeli — and resulted in 80 arrests. Russia opened a criminal probe into who organized the protest, but Putin attempted to blame Ukraine and Western spy agencies for inciting the incident. 

U.S. National Security Council spokesman John Kirby called Putin’s allegation that Western entities were behind the violence ‘classic Russian rhetoric,’ and Koffler underscored the concern that Russia may be ‘returning to the time of pogroms.’ 

‘The growing antisemitism in Russia harkens back to Soviet times,’ Koffler said. ‘If Russian officials encourage anti-Israel and anti-Jewish sentiment, this could be destabilizing for the Muslim-dominated regions in Russia and is very, very dangerous for the Jews,’ which she stressed ‘would not only be terrifying for the Jews, but it would not be good for Russia, its people or Putin personally.’ 

Israel, under its current Prime Minister Benjamin Netanyahu, has worked toward closer ties with Moscow, finding Putin a potentially vital ally in helping stave off belligerence from Iran proxies in Syria. 

Netanyahu provided a measured response to Russia’s invasion of Ukraine in 2022, voting along with Western allies for a U.N. resolution that condemned the invasion but resisting calls to provide military assistance to Ukraine, which drew heavy criticism from those same allies, according to a review by the Washington Institute for Near East Policy.

Israel finally caved to Western pressure and authorized the sale of defensive military equipment to Ukraine, which included electronic systems to defend against drone attacks. 

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

The White House is pushing for multiple pauses in Israel’s war against Hamas in Gaza so that aid can be let in, and people can be allowed to safely leave the region.

U.S. Secretary of State Anthony Blinken said at a meeting with Israeli Prime Minister Benjamin Netanyahu on Friday that discussions about such pauses could facilitate getting hostages released. 

Israel on Friday put the latest number of hostages held by Hamas at 241.

But Netanyahu said he would not agree to a cease-fire without the release of hostages.

‘We see this as a way of further facilitating the ability to get assistance in… to the people who need it,’ Blinken said. ‘We see it as a way also, and very importantly, of creating a better environment in which hostages can be released.’

However, Blinken said that a pause would not be a guarantee that the hostages would eventually be freed.

‘There are no guarantees about anything as a general proposition, and maybe even more specifically in context of the fight against Hamas,’ said Blinken, who also met with Israeli President Isaac Herzog and the country’s war cabinet. U.S. Ambassador to Israel Jack Lew, who was voted into his position on Tuesday, joined Blinken on the trip. 

‘But we are absolutely focused on getting hostages back and getting them back to their families in safety,’ Blinken said. ‘And we believe that, among other things, a humanitarian pause could help that effort, could facilitate it.’

National Security Council spokesperson John Kirby first raised the issue of multiple pauses Thursday, the first time the Biden administration has called for multiple pauses. Kirby said at a White House briefing that Israel had agreed to a pause last month that led to the release of two hostages. 

The administration is hoping that multiple pauses can provide the conditions for further releases. The White House also revealed that at least 79 American dual citizens have crossed into Egypt from Gaza since Wednesday.

The U.S. has so far resisted calls for a cease-fire in the weekslong conflict, with Kirby saying that it would only help Hamas.

‘We believe that a general cease-fire would benefit Hamas in providing them breathing space and time to continue to plot and execute attacks on… on the Israeli people,’ Kirby said Thursday at the White House briefing.

Netanyahu on Friday also rejected international requests for a humanitarian cease-fire.

‘Israel refuses a temporary cease-fire that does not include the return of our hostages,’ Netanyahu said Friday in a televised address.

Blinken, too, pushed back on calls for a cease-fire.

‘We stand strongly with and behind Israel in its right and obligation to defend itself, defend its people and take the steps necessary to try to ensure that this never happens again,’ Blinken said.

‘Nothing, nothing has changed. And that won’t change with regard to Lebanon, with regard to Hezbollah, with regard to Iran. We have been very clear from the outset that we are determined that there not be a second or third front opened in conflict.’

Meanwhile, the Israeli Defense Forces (IDF) said Friday morning that its troops had killed a Hamas commander in an overnight airstrike in Gaza.

IDF fighter jets struck infrastructure and killed Mustafa Dalul, the commander of the Sabra Tel al-Hawa Battalion, among other Hamas terrorists, the IDF said.

Dalul, an IDF spokesperson said, had taken a ‘central part in managing the combat against IDF troops in the Gaza Strip.’ 

Dalul also held a number of positions in the Hamas battalion in recent years.  

This post appeared first on FOX NEWS

In this edition of StockCharts TV‘s The Final Bar, join Dave and Grayson as they break down the trends for the top ten stocks and ETF charts for November 2023. Watch as they identify key levels and signals to keep an eye out for using the power of StockCharts’ technical analysis tools, including moving averages, relative strength, RSI, and support and resistance levels.

This video originally premiered on November 3, 2023. Watch on our dedicated Final Bar page on StockCharts TV, or click this link to watch on YouTube.

New episodes of The Final Bar premiere every weekday afternoon LIVE at 4pm ET. You can view all previously recorded episodes at this link.

In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the new uptrend in the markets and the areas that are best positioned to benefit. She also highlights how to use different timeframe charts to tell if a stock will continue to trend higher after gapping up in price.

This video originally premiered November 3, 2023. Click on the above image to watch on our dedicated MEM Edge page on StockCharts TV, or click this link to watch on YouTube.

New episodes of The MEM Edge premiere weekly on Fridays. You can view all previously recorded episodes at this link. You can also receive a 4-week free trial of her MEM Edge Report by clicking the image below.

Five up days in a row for the S&P 500 ($SPX), Dow Jones Industrial Average ($INDU), and the Nasdaq Composite ($COMPQ)! That’s a drastic change in investor sentiment from October.

Following the end of a dismal month, the first week of November delivered the strongest weekly close seen this year. And it’s not just mega-cap big tech names. All S&P sectors, except Energy, ended in the green. For a Friday, that’s an impressive showing. Does this mean investors can expect November to follow its expected seasonality pattern and ignite a rally to the end of the year?

CHART 1: THE S&P 500 INDEX, NASDAQ COMPOSITE, AND DOW JONES INDUSTRIAL AVERAGE CLOSED ABOVE THEIR 50-DAY MOVING AVERAGE. The strong finish was mostly due to the possibility that the Fed may be done hiking interest rates. Note the significant drop in the VIX.Chart source: StockChartsACP. For educational purposes.

Weakening Labor Market and Manufacturing

A lot of the investor optimism may be riding on Fed Chairman Jerome Powell’s comments on Wednesday after the decision to leave interest rates unchanged at 5.25–5.5%. Although Powell didn’t say the Fed was done raising rates, investors assumed that there would probably be no more rate hikes given the results of the more recent economic data.

The October jobs report came in weaker than expected, which helped ease some concerns. October’s unemployment rate is 3.9%, indicating that the effects of interest rate hikes are beginning to show their impact. Manufacturing jobs are also slowing despite the recent strikes. Last month, 150,000 jobs were added, much lower than the 170,000 that was expected. ISM services for October came in at 51.8, less than the 53 estimate. So, a soft jobs report and a weakening manufacturing sector support the narrative that the Fed is done raising interest rates.

Stocks, Bonds, and Everything In Between

Equities continued to rise, Treasury yields fell, and the CBOE Volatility Index ($VIX) fell sharply to around 15. Earlier this week, the VIX was hovering around the 20 level, which was a concern. But that changed quickly. The picture the charts are revealing as this trading week comes to a close is one that illustrates how quickly investor sentiment can change. It’s a classic scenario of herd mentality at work—investors rush to stocks for fear of missing out.

At times like this, it’s best to be calm, determine what might be happening under the hood, and enter your trades when the time is right.

Market breadth indicators are a great way to understand the health of the different indexes. One breadth indicator to review is the bullish percent index (BPI). StockCharts publishes the bullish percent index for indexes, sectors, and industry groups. You could create a ChartList of the different BPIs and scroll through them to identify which indexes, sectors, or industry groups exhibit bullish sentiment. It can reveal some interesting scenarios that may be worth diving into. 

Focus on the Financial Sector

For example, the S&P Financial Sector Bullish Percent Index just crossed above the 50 level, which should prompt you to check out the Financial sector. One way to do that is to bring up a chart of the Financial Select Sector SPDR ETF (XLF). It has followed a path similar to the S&P 500—five up days in a row. XLF has crossed above its 50- and 200-day SMAs and closed at the 100-day SMA.

CHART 2: DAILY CHART OF XLF. The Financial sector is showing strength, which could be because of falling Treasury yields.Chart source: StockCharts.com. For educational purposes.

Even regional banks are doing well. The daily chart of the SPDR S&P Regional Banking ETF (KRE) below shows how this troubled subsector is beginning to show signs of life.

CHART 3: DAILY CHART OF S&P REGIONAL BANKING ETF (KRE). The ETF didn’t close above its 38.2% Fibonacci retracement level, but it’s worth watching. Note the Financial Sector Bullish Percent Index in the bottom panel.Chart source: StockCharts.com. For educational purposes.

Using Fibonacci retracement levels from the May low to the July high, the ETF has stalled at the Fib levels, for the most part, during its downward move from July to October. The ETF is now battling with its 38.2% Fib retracement level. A break above this level with follow-through would be a good time to accumulate some shares of KRE or its top holdings. The top 5 holdings are:

Trust Financial Corporation (TFC) M&T Bank Corp. (MTB)First Horizon National Corp. (FHN) Zion (ZION)Western Alliance Bancorp. (WAL)

Looking through the daily charts of the five stocks listed above, the one that looks closer to starting its upward move is Western Alliance. Looking at its daily chart below, you can see that the stock has crossed above its 200-day simple moving average (SMA), its SCTR score is at around 97.5, and its relative strength index (RSI) is between 50 and 70, which indicates the stock has room to run.

CHART 4: WESTERN ALLIANCE BANCORP CLOSED ABOVE 200-DAY SMA. With a SCTR score of 97.5 and an RSI of 62, this stock has room to rally.Chart source: StockCharts.com. For educational purposes.

The fall in Treasury yields is good news for banks since it opens the door to servicing loans. The 30-year yield, which at one point was above 5%, has pulled back to its 50-day SMA, and the 10-year and 5-year yields traded below their 50-day SMA.

The reversal in market sentiment happened quickly, and there’s a chance it could be short-lived. Things can always go awry, and any piece of news that shifts investor thinking can quickly reverse the market. That’s been the nature of the beast of late.

In a recent episode of The Final Bar, our chief market strategist, David Keller, CMT, said it best; “In a bullish phase, the market is innocent until proven guilty, and in a bearish phase, the market is guilty until proven innocent.” Given that equities are in a bearish phase, what do you need to see for the market to prove itself innocent?

The broader indexes would have to overcome the trend of lower highs and lower lows. The S&P 500 ($SPX) and Dow Jones Industrial Average are very close to their previous highs, and with the speed at which the indexes have moved higher in the last five days, the wait may be relatively short. 

Will the stock market prove its innocence? It’s possible, but we’ll have to wait till next week to find out.

End-of-Week Wrap-Up

US equity indexes up; volatility down

$SPX up 0.94% at 4358.34, $INDU up 0.66% at 34,061.32; $COMPQ up 1.38% at 13478.28$VIX down 4.73% at 14.92Best performing sector for the week: Real EstateWorst performing sector for the week: EnergyTop 5 Large Cap SCTR stocks: Vertiv Holdings, LLC (VRT); Palantir Technologies, Inc. (PLTR); Applovin Corp. (APP); New Oriental Education & Technology Group, Inc. (EDU); Splunk Inc. (SPLK)

On the Radar Next Week

Earnings from Walt Disney Co. (DIS), Warner Bros. Discovery, Inc. (WBD), BioNTech (BNTX), Hilton Grand Vacations (HGV), Gilead Sciences (GILD), Robinhood Markets (HOOD) and many more.November 30-Year Mortgage ratesFed speechesNovember Consumer Sentiment

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.