Archive

2023

Browsing

EXCLUSIVE: Former Ukrainian Prosecutor General Viktor Shokin told Fox News in an exclusive sit-down interview that he was fired during the Obama administration for investigating Burisma, the energy firm whose board Hunter Biden served on.

During the interview with Fox News’ Brian Kilmeade – set to air Saturday at 8 p.m. – Shokin said it is his ‘firm personal conviction’ that he was fired because then-Vice President Biden and Hunter were bribed. Former Ukrainian President Petro Poroshenko ousted Shokin in 2016 – he was hired a year prior – due to Shokin’s alleged corruption and pressure from the U.S. government led by Biden.

‘I have said repeatedly in my previous interviews that Poroshenko fired me at the insistence of the then Vice President Biden because I was investigating Burisma,’ Shokin said in the interview.

‘[Poroshenko] understood and so did Vice President Biden, that had I continued to oversee the Burisma investigation, we would have found the facts about the corrupt activities that they were engaging in. That included both Hunter Biden and Devon Archer and others.’

Shokin added that he believed both Joe and Hunter Biden received bribes in connection to the case, though he didn’t provide proof of that accusation. 

‘I do not want to deal in unproven facts, but my firm personal conviction is that, yes, this was the case,’ he added. ‘They were being bribed. And the fact that Joe Biden gave away $1 billion in U.S. money in exchange for my dismissal, my firing – isn’t that alone a case of corruption?’

‘For years, these false claims have been debunked, and no matter how much air time Fox gives them, they will remain false,’ White House spokesperson Ian Sams responded to Fox News. ‘Fox is giving a platform for these lies to a former Ukrainian prosecutor general whose office his own deputy called ‘a hotbed of corruption,’ drawing demands for reform not only from then-Vice President Biden but also from U.S. diplomats, international partners, and Republican senators like Ron Johnson.’

One year after leaving the White House, Biden boasted about how he personally put pressure on Poroshenko to fire Shokin. He explained that he told Ukrainian officials the U.S. would withhold up to $1 billion in aid money earmarked for their country if Shokin remained in his position.

‘I said, ‘Nah, I’m not going to – we’re not going to give you the billion dollars.’ They said, ‘You have no authority. You’re not the president. The president said –.’ I said, ‘Call him.’’ Biden remarked during a January 2018 event hosted by the Council on Foreign Relations. ‘I said, ‘I’m telling you, you’re not getting the $1 billion.’’

‘I said, ‘You’re not getting the billion. I’m going to be leaving here,” Biden continued. ‘I looked at them and said, ‘I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money.’ Well, son of a bitch, he got fired. And they put in place someone who was solid at the time.’

Shokin, though, said he was probing Burisma and its owner Mykola Zlochevsky at the time of his ouster. In February 2016, one month before Shokin was fired, his office filed a legal petition to seize Zlochevsky’s property, including four homes, two pieces of property and a Rolls-Royce sports car, the Kyiv Post reported at the time.

The former prosecutor general told Fox News that Burisma illegally produced, sold and utilized natural gas supplies.

His investigation took place while Hunter Biden served on the Burisma board of directors. Hunter joined the firm in 2014 and departed in 2019 after his term on its board expired. 

Hunter’s former business partner Devon Archer, who also served on Burisma’s board, testified in a closed-door House Oversight Committee hearing in July that, amid pressure from Shokin’s office and other entities investigating Burisma, company leaders turned to Hunter for help. Archer said Hunter ‘called D.C.’ to help get Shokin fired.

‘Devon Archer’s testimony today confirms Joe Biden lied to the American people when he said he had no knowledge about his son’s business dealings and was not involved,’ Oversight Chairman James Comer, R-Ky., said after Archer’s testimony. ‘Joe Biden was ‘the brand’ that his son sold around the world to enrich the Biden family.’

‘When Burisma’s owner was facing pressure from the Ukrainian prosecutor investigating the company for corruption, Archer testified that Burisma executives asked Hunter to ‘call D.C.’ after a Burisma board meeting in Dubai,’ he added. ‘Why did Joe Biden lie to the American people about his family’s business dealings and his involvement? It begs the question, what else he is hiding from the American people?’

Fox News Digital recently reported that, on Nov. 2, 2015, Burisma executive Vadym Pozharski emailed Hunter Biden, Archer and fellow Hunter associate Eric Schwerin about a ‘revised proposal, contract and initial invoice for Burisma Holdings,’ from lobbying firm Blue Star Strategies. Hunter reportedly connected Burisma with Blue Star Strategies to help the energy firm fight corruption charges levied against Zlochevsky, the company’s owner.

Pozharski emphasized in his email that the ‘ultimate purpose’ of the agreement with Blue Star Strategies was to shut down ‘any cases/pursuits against Nikolay in Ukraine,’ referring to Zlochevsky, who also went by Nikolay. 

‘Evidence makes it clear that Hunter Biden was only appointed to Burisma’s board of directors because of his last name and family’s network,’ Comer told Fox News Digital after the report.

However, in a statement to Fox News, the White House pointed to indications that Shokin was fired because he had been too soft on corruption. 

The White House also stated Shokin’s office had not been investigating Burisma or Hunter at the time of his ouster in March 2016, and it pointed to three reports published within weeks of each other in 2019 by The Washington Post, Associated Press and New York Times stating Shokin’s office wasn’t investigating Burisma.

After Shokin’s ouster, The New York Times reported that Shokin had been criticized in Ukraine for not prosecuting officials, businessmen and lawmakers for corruption while Viktor Yanukovych was president. The U.S. government and International Monetary Fund had believed in 2016 that Shokin wasn’t doing enough to fight corruption, which ran rampant throughout Ukraine.

Both former Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland and former Deputy Assistant Secretary for European and Eurasian Affairs Bridget Brink testified during a Senate hearing in 2020 that Shokin’s decision not to pursue a Burisma investigation or root out corruption elsewhere were reasons for his firing.

‘It was our conclusion by then that, in fact, the dismissal of Prosecutor Shokin would be counter to Burisma’s interests, because not only was he not pursuing the Burisma case, he was responsible for protecting those who had helped get the case dismissed,’ Nuland said.

She also said, though, that the U.S. government was ‘dissatisfied that past investigations of Burisma had not been brought to conclusion.’

Fox News Digital’s Jessica Chasmar contributed to this report.

This post appeared first on FOX NEWS

I felt it only right to publicly acknowledge and thank William J. O’Neil for the lifestyle I enjoy today. He passed away in May at the age of 90, and I wanted to wait until now to explain how he changed my life. 

William O’Neil was one of my investment mentors, although I only had the special pleasure of meeting him on two occasions. The first time was in 1980 when he spent some time with myself and classmates at the Stanford Business School. It was a life passage for me. Through O’Neil’s newspaper, (Investors Business Daily), his books, seminars, and various other “pixie dust free” educational tools, I, too, became a bone fide investor. He was the “knower” and I became the “spongy learner.” As a knower and an investing doer, he diligently researched the history of successful equities and then made a fortune applying those insights.

Herein lies the conundrum. The overwhelming majority of bona fide market wizards are something less than 100% transparent when discussing their methods. O’Neil was the antithesis in his willingness to share why he succeeded and all the specifics. His books and seminars provided the roadmap and his newspaper was the facilitating tool. For myself personally — and I suspect the same for nearly all my readers — it is StockCharts.com in the fast-paced digital era that has now become the superior facilitating tool of choice for successful investors globally. 

O’Neil struck me as a quiet man. More of a listener than a talker. Appropriately, he would often encourage investors to think of the stock market as a conversation. Let it speak to you. Be more a listener than a talker. I always remember what he said: “The stock market is human nature on parade.” — words that are never better reinforced than by the ongoing recurrence of historical chart patterns. Thanks to O’Neil, I learned both to embrace technical analysis and to trust the messages my charts shared with me. These proved to be exceedingly profitable skills over the years. 

Life lessons were bundled into his information-packed investment tutorials as well. He always preached positivism. He was an ardent believer in America and the long term growth of its economy and equities. For those reasons, I have always been a growth-oriented investor and have avoided short selling. Praying for a stock to go down has never been in my nature. 

Early on, O’Neil made it clear to me that I needed to leave my ego outside. Personally, not easy to do. The markets will humble everyone, he said. Identifying and acknowledging your mistakes — and then making the necessary adjustments  — was a prerequisite for consistent long term success as an investor. His message was clear. Operating without guardrails (i.e. not having a well-defined exit strategy) and letting your ego participate in your trades was certainly an approach doomed to produce mediocre results. 

O’Neil described these elements in great length and detail. My takeaway was something I think of as the “Holy Trinity of Investing.” A big part of calling this blog ‘The Traders Journal’ is that he convinced me to keep an investing journal. In it, to this day I discuss my abilities to acknowledge my mistakes and cut my losses. My journals recorded my trading mistakes in great detail and my winners as well. Then too, my journals helped discipline me to recognize those mistakes real-time and to avoid repeating them. It’s obvious but still profound: acknowledge your mistakes, act, learn from them, avoid them in the future. Sounds straightforward. The challenge is in the execution through all types of markets. Both he and Buffett preached the gospel of avoiding mistakes as paramount to extraordinary results. 

Finally and perhaps most importantly, William O’Neil both inspired and convinced me that in order to truly excel and achieve consistent profits, one needs a detailed roadmap. One that incrementally improves your probabilities over all 10 stages of investing. Our book about “The 10 Stages Of Stock Market Mastery” resulted indirectly from O’Neil’s own 7-step program for buying an equity. It’s all about discipline and consistently embracing an organized methodology which enables an investor to peel back the vast layers of the market and approach it with a clear lens so one isn’t impulsively tempted to buy the “bright shiny thing” in today’s news. 

The bottomline is that this brief blog is meant as a tribute to William O’Neil. In the near future, I plan on sharing with you 12 specific takeaways that salute the significant impact O’Neil has had on my own investing roadmap. Until then…William J. O’Neil, rest in peace.

Trade well; trade with discipline!

Gatis Roze, MBA, CMT

StockMarketMastery.com

Author, “Tensile Trading: The 10 Essential Stages of Stock Market Mastery” (Wiley, 2016)Developer of the “Stock Market Mastery” ChartPack for StockCharts membersPresenter of the best-selling “Tensile Trading” DVD seminarPresenter of the “How to Master Your Asset Allocation Profile DVD” seminar

In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the strength in Tech-heavy Nasdaq and highlights what to be on the lookout for to signal a new uptrend. She also reviews positive high yield stocks for those more cautious on the markets.

This video originally premiered August 25, 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.

In this special edition of StockCharts TV‘s The Final Bar, join Dave as he breaks down the power of ratio analysis and reveals why it’s an essential tool for every savvy investor.

This video originally premiered on August 25, 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.

Small caps, as measured by IWM, are key for the fall and heading into 2024. You can also look at the S&P 600 (SML).

IWM could be forming an inverted head-and-shoulders bottom, going back from the start of 2023. (See the rectangle area of the IWM chart). SPY QQQs, on the other hand, could be forming a head-and-shoulders top. (See rectangle area of the QQQ chart).

That should tell you where we are at–equal potential to see IWM lead us up if clears back over 190, or a more significant down move if fails 180 under the pressure of QQQs should they fail the head-and-shoulders neckline.

Our MarketGauge quant models are aside in small cap all-stars, yet long small-cap earnings growth. This means that the strength is in the stocks that have merit based on earnings and not as correlated to the indices.

Have a listen to August 24th live coaching session where we cover the indices, economic modern family, and market outliers. (Make sure you’re logged in to MarketGauge to access the link.) And stay tuned as Monday August 28th on the close of the day, as Mish will be guest hosting for David Keller on StockCharts TV’s The Final Bar.

For more detailed trading information about our blended models, tools and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.

If you find it difficult to execute the MarketGauge strategies or would like to explore how we can do it for you, please email Ben Scheibe at Benny@MGAMLLC.com.

“I grew my money tree and so can you!” – Mish Schneider

Get your copy of Plant Your Money Tree: A Guide to Growing Your Wealth and a special bonus here.

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

Mish looks at a selection of popular instruments and outlines their possible direction of travel in this appearance on CMC Markets.

Mish talks NVDA and “Trading the Weather” in these two appearanceson Business First AM.

Read Mish’s commentary on Gold in these two articles from Kitco.

Mish and Nicole discuss where to park your money, barring any watershed event, in this video from Schwab Network.

On the Friday, August 18 edition of StockCharts TV’s Your Daily Five, Mish covers bonds, the dollar, risk-off indications and several key commodities with actionable levels to consider.

Mish joins Maggie Lake of Real Vision to discuss what rising bond yields mean for investors across the market landscape, what comes next for stocks and commodities, and why she is taking profits here in the growth and AI stocks.

Mish shows why January and now the July reset worked in this appearance on Business First AM.

Mish discusses Alibaba’s stock price in this appearance on CNBC Asia.

In this guest appearance on David Keller’s The Final Bar on StockCharts TV, talks higher rates and why China may deserve a second look for investors.

Mish discusses inflation, bonds, calendar ranges and places to park your money on the Benzinga Morning Prep show.

Mish covers why August is a good time for caution in this appearance on Business First AM.

Mish and Jared go over oil and what might happen with small caps and regional banks in this appearance on Yahoo! Finance.

Coming Up:

August 28: Yahoo Finance, Before the Bell & Chuck Jaffe, Money Show & Making Money with Charles Payne, Fox Business & guest host on The Final Bar, StockCharts TV

Mish will be on break starting August 30 and return Tuesday, September 5th.

September 7: Singapore Breakfast Radio, 89.3 FM

September 12: BNN Bloomberg & Charting Forward, StockCharts TV

September 13: Investing with IBD podcast

October 29-31: The Money Show

ETF Summary

S&P 500 (SPY): 440 now back to pivotal.Russell 2000 (IWM): Popped off the key support. 185 pivotal.Dow (DIA): Will watch to see if it can get back over 347.Nasdaq (QQQ): 363 pivotal.Regional Banks (KRE): Still needs to get back over 44 to be convincing.Semiconductors (SMH): 150 back to pivotal.Transportation (IYT): 239 still support to hold, with 252 biggest overhead resistance.Biotechnology (IBB): Compression between 124-130.Retail (XRT): Has been and remains to be an underperformer and concern going forward.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

The Relative Rotation Graph that shows the rotations inside the DJ Industrials index exhibits an evenly spread out universe of stocks. This is primarily the result of $INDU being a price-weighted index, as opposed to the S&P500, which is cap-weighted. The difference in weight between the largest and the smallest stock in the universe is, therefore, much smaller, which makes the RRG more evenly spread out.

DJ Industrials

The price chart of the DJ Industrials index shows the market at a crucial level/juncture.

First, the slightly down-sloping, former, resistance level runs over the major highs since early 2022. That line was broken upward in June/July, and the market is testing that level as support as we speak. Secondly, the angled support line connects the lows since October 2022. And again, that line is currently being tested for the fifth time.

The amount of touchpoints on these trend lines makes them very valid market levels to be watched, IMHO.

A quick assessment of this price chart tells me that

The DJ Industrials index is still in a rhythm of higher highs and higher lows that started out of the low in MarchThe former resistance line running over the highs since March 2022 is currently tested as supportThe rising support line out of the October 2022 lows is currently testedAs described above, both support levels are now coming together around 34k, making that area an important “double” support level/area.

All in all, this means that a new low being put into place in this area should be seen as a buying opportunity for another leg up within the existing uptrend. Especially with double support so close, these sort of setups provide good risk/reward ratios.

The first hurdle and target that comes in sight on the upside is the horizontal level at 35.5-35.7.

Back to the RRG

The RRG above can greatly help select stocks within the DJ Industrials index that are likely to help push the index higher. BUT, for this occasion, I want to look at which stocks better be avoided.

The first thing I do in a first pass is to toggle through the index members by highlighting the line in the table below the graph, either by clicking with the mouse or using the up-and-down arrow keys to browse the universe.

The resulting tails are plotted on the RRG below. Remember, I am looking for stocks likely to UNDERperform the index.

These are the weekly tails.. But to really get to the point and find actionable securities (to avoid), I bring this group to a daily RRG.

On this RRG, I do another pass to find the stocks on a negative trajectory on both the weekly and the daily time frame.

Here is the result.

As always, the proof is in the price

DIS

This week, DIS is sinking through important horizontal support near 85. There is one more important support level left, around 80. This was a low in March 2020 and in Feb 2016.

The break below 85 is already pretty negative, but when 80 also gives way, there will be a new scary roller coaster ride in Disneyland.

INTC

INTC rotated from leading into weakening on the weekly RRG and the daily tail just crossed into lagging and continued to move lower on the RS-Ratio scale after a short momentum hiccup.

On the price chart, INTC recovered from its steep decline after breaking horizontal support in June. However, the rally that emerged from the October and Feb lows at 25 has tested old support near 37 as resistance twice and failed to break higher.

Breaking the most recent low near 27 will complete a double top formed against major overhead resistance while relative strength is fading (RRG lines are rolling over). This will likely trigger more downside and a test of the area near 25 again.

NKE

This week, NKE is breaking below another major support level near 102. This happened after NKE had already completed a double top at 129 by breaking the in-between-low at 115.

This week’s break lower also marks the break from a small consolidation/continuation formation, which adds to the evidence for more weakness ahead. With no intermediate support in sight, the next meaningful level, and therefore the first target for NKE, is only found at the Ovt 2022 low, just above 80.

That means roughly 20% downside risk with only 3% upside potential (back to the breakout level)

WBA

WBA is already been underperforming the DJ industrials for years. But the recent break below a major horizontal support level at 28.50 adds new fuel for the ride’s lower price and relative performance.

This break in price, combined with the horrible relative strength, makes WBA the worst stock inside the DJ industrials index.

How bad the damage really is is best seen on a monthly chart.

WBA is breaking to its lowest level in a decade. I don’t need a calculator to know that this is one massive underperformer compared to the S&P 500 over the same period.

Conclusion

The technical outlook for the DJ Industrials index remains strong as long as the index manages to hold above double support near 34k on the price chart.

By underweighting or avoiding DIS, INTC, NKE, and WBA it should be possible to outperform the index with very limited risk. A potential strategy to achieve this would be to buy Diamonds (DIA) and create downside exposure via options or straight short sales for these four stocks.

#StayAlert and have a great weekend, –Julius

With the market potentially topping out, now’s the time to review what to do when the market gets “iffy.” In this week’s edition of Trading Simplified, Dave walks you through how he handles the inevitable drawdowns and shares some of his favorite performance-based metrics.

This video was originally published on August 25, 2023. Click anywhere on the Trading Simplified logo above to watch on our dedicated show page, or at this link to watch on YouTube.

You can view all recorded episodes of the show at this link. Go to davelandry.com/stockcharts to access the slides for this episode and more. Dave can be contacted at davelandry.com/contact for any comments and questions.

The market had a really stiff downside move that lasted three weeks, with a capitulation bounce finally happening last Friday. On this week’s edition of Moxie Indicator Minutes, TG explains why, at this point, he would assume the market needs to take time and figure out if it is at support or not. It’s too early to have the Moxie Indicator tell us, so what that means is that we need to be patient, because the market is not ready to run long yet.

This video was originally broadcast on August 25, 2023. Click this link to watch on YouTube.

New episodes of Moxie Indicator Minutes premiere weekly on Fridays. Archived episodes of the show are available at this link.

When stocks embark on a strong and sustained uptrend or downtrend, you can attribute a large portion of that momentum to the actions of the big institutional players, or what Larry Williams calls the “informed money.” 

The Advantage of “Informed Money”

It’s a good idea to keep an eye on what the “informed money” traders are doing, if only for two advantages they hold over the crowd: one, a sizable store of capital that’s capable of moving stock prices over time, and, two, more access to information and analysis that’s generally beyond the public’s capacity.

Ok, I Get It. But How Can You Track Institutional Trades?

Trying to do this on your own might require more research time than you’ve got, especially regarding stocks. In the commodity futures market, you can at least look at the weekly Commitment of Traders (COT) report released by the Commodity Futures Trading Commission (CFTC).

The COT report is a weekly publication that shows the net positions of commercial traders, hedge funds, and retail investors in the futures markets. Larry Williams has been using this report for decades, interpreting the data and transforming it into a tradable algorithm. Fortunately, he found a correlative method to transfer this analysis into the stock market, making it useful for anyone who trades stocks rather than commodities.

Enter the Williams Money Flow Index.

What Does the Williams Money Flow Index Tell Us?

The Williams Money Flow Index visually illustrates institutional buying and selling. Williams often emphasizes that institutional players don’t buy like the public. They have their reasons and methods to buy and sell. Sometimes, this can work contrary to popular thinking. And it’s these periods that you’ll want to pay attention to.

Take a look at the chart below.

CHART 1: THE WILLIAMS MONEY FLOW INDEX OSCILLATES WITHIN A RANGE. Generally, the indicator oscillates between zero and 100, although sometimes it can exceed the 100 level.Chart source: StockChartsACP. For educational purposes.

The Williams Money Flow Index looks like a typical oscillator ranging from 0–100 (though the index can exceed the 100 level, unlike some oscillators). There are two lines: a green line situated at 74 and a red line situated at 26.

When the index exceeds the green line, it indicates strong institutional buying, which, in turn, hints at a potential rally. This signals a potential “buy.”Conversely, when the index falls below the red line, it indicates strong institutional selling, suggesting a potential price dip. This signals a potential “sell.”

What does this look like in action? Let’s look at a weekly chart of Tesla, Inc. (TSLA) below.

CHART 2: WILLIAMS MONEY FLOW INDEX IN ACTION. A sharp downtrend in price coincides with institutional buying. After this contrarian move, an uptrend ensued.Chart source: StockChartsACP. For educational purposes.

The chart shows a sharp downtrend coinciding with massive institutional buying, as illustrated in the LW Money Flow Index (two blue rectangles). This indicates that, while the public may have been selling TSLA stock, the “informed money” was buying it up. The outcome of this contrarian move is evident in the strong six-month uptrend that followed.

Can the LW Money Flow Index Work on Daily Charts?

If you’ve been following Larry Williams for some time, you know his penchant for longer timeframes. The reason is simple: the shorter the time frame, the more “market noise” (meaning insignificant fluctuations) you’ll get. This is why many of his presentations feature weekly charts. He’s after the “big move,” which is, as you can guess, where the big profits are made.

With that said, Williams’ Money Flow Index works for daily charts as well. Let’s look at a daily chart for Microsoft (MSFT).

CHART 3: APPLYING THE WILLIAMS MONEY FLOW INDEX TO A DAILY CHART. A rise in the Williams Money Flow Index when price appears to be bottoming out is usually followed by an uptrend. Will this happen to MSFT?Chart source: StockChartsACP. For educational purposes.

The MSFT chart exhibits a dynamic similar to what took place in the weekly chart—a rise in the Williams Money Flow Index when price appears to be bottoming out (green and red circles illustrating the index and price action). In the MSFT example above, the institutional accumulation resulted in a four-month rally.

The second point of accumulation, toward the right of the chart, signals an even higher accumulation level as the index exceeds 100. This brings us to the present day (or the time of this writing). Will there be another multi-month rally?

A Few Caveats

So far, there’s been no mention of the index line falling below the 26 level (red horizontal line), and it did a few times. If the above-mentioned scenarios are true—that the index line above 74 signals institutional accumulation and below 26 signals institutional distribution—then why didn’t we address the instances wherein the line fell below 26?

Larry Williams is insistent about following the big moves, like extended price swings or longer-term trends. Big moves are where the “big money” is. You generally want to be on the right side of the market. In the MSFT example above, price was in a clear uptrend; because of this, there’s no point in looking at bearish signals.

Are there any other Larry Williams indicators you can use to enhance the Williams Money Flow Index? There are several, and you can check them out by visiting this page.

The Bottom Line

When it comes to catching large money moves in the market, it helps to observe what the “big players” are doing, since they play a heavy hand in moving prices. By keeping tabs on their activities, you can gain timely insights that the average trader will likely miss. The Williams Money Flow Index is one of the few tools that helps you observe what the institutional money is doing. And whether you decide to trade with or against the “informed money,” you can at least see where they are, so to speak, and what they’re doing. Happy trading!

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 arrest of former President Donald Trump on Thursday night at the Fulton County Jail resulted in conservatives across social media rallying in support of the former president who is currently leading in the polls for the GOP nomination in 2024.

‘Sickening,’ former Trump official Stephen Miller posted on X, formerly Twitter. ‘Authoritarian. They’re flaunting their crackdown on democracy.’

‘Today is another dark day in U.S. history,’ GOP Rep. Byron Donalds tweeted. ‘A day when We The People & the world, will witness the continued weaponization of the justice system against a political opponent, former POTUS, & leading candidate for the upcoming presidential election.’

‘This is a travesty of justice,’ he continued.

‘Not all heroes wear capes,’ GOP Rep. Lauren Boebert tweeted along with Trump’s mugshot.

‘Those who decided to start using indictments, prosecutors & even mug shots as weapons in a political campaign have unleashed a destructive new era in American politics,’ Florida GOP Sen. Marco Rubio tweeted.

‘Now, for years to come our criminal justice system will be used to target candidates in both parties & the harm this will do to America will take a long time to fix.’

Trump turned himself in Thursday night at the Fulton County jail in Atlanta after he was charged with 13 counts that stem from the state probe into his alleged efforts to overturn the 2020 presidential election in the state.

The court had set Trump’s bail at $200,000. He was quickly processed and released.

Fox News Digital has learned that his formal arraignment, where he is expected to plead not guilty, will take place sometime early next month.

Fox News Digital’s Brooke Singman contributed to this report.

This post appeared first on FOX NEWS