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Utah Governor Spencer Cox, a Republican, denounced Georgia Republican Rep. Marjorie Taylor Greene’s ‘national divorce’ proposal as ‘evil.’

The far-right congresswoman suggested a split in the union based on party lines on Monday as the nation celebrated Presidents Day.

Cox, a moderate Republican, blasted Taylor Greene’s proposal on Twitter the same day the congresswoman made her post.

‘This rhetoric is destructive and wrong and—honestly—evil,’ Cox wrote. ‘We don’t need a divorce, we need marriage counseling.’

‘And we need elected leaders that don’t profit by tearing us apart,’ Cox continued. ‘We can disagree without hate.’

‘Healthy conflict was critical to our nation’s founding and survival,’ the governor added.

Cox’s comments came in response to Tayor Greene’s tweet calling for ‘a national divorce’ between Republican and Democrat states.

‘We need to separate by red states and blue states and shrink the federal government,’ Greene tweeted, going on to claim that everyone she talks to ‘says this.’

‘From the sick and disgusting woke culture issues shoved down our throats to the Democrat’s traitorous America Last policies, we are done,’ Greene wrote.

The Georgia firebrand’s comments were par for the course for Greene, whose previous statements have landed her in hot water among Democrats and even GOP leadership.

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President Biden is showing ‘outright hostility’ to the U.S. oil industry by turning to foreign countries — including adversaries — to supply America’s energy needs rather than domestic producers, according to experts and industry insiders.

The U.S. is on track to receive nearly 3 million barrels of crude oil from Venezuela this month, Reuters reported. That’s because oil producer Chevron is shipping more than 100,000 barrels per day of Venezuelan crude to the U.S. under a license from the Treasury Department.

Last year, the Biden administration authorized Chevron to expand production in Venezuela and to resume exports of Venezuelan oil. Venezuela, an OPEC member, has been under U.S. sanctions, with its oil frozen for the past several years, due to international outcry over the conduct of Venezuela’s socialist government.

Experts were quick to note that the U.S. turned outward to Venezuela, a country hostile to the U.S., rather than inward to domestic energy producers.

‘It’s really sad to see the way President Biden treats our domestic oil industry, while asking countries like Venezuela and Saudi Arabia to produce more oil,’ Robert Rapier, a chemical engineer with decades of experience in the energy industry, told Fox News Digital.

‘I have never understood this outright hostility to an industry that is critically important for U.S. manufacturing, transportation, and national security,’ he continued. ‘Instead of working with the oil industry, President Biden approaches them with outright hostility, making demands upon them and criticizing them for making profits.’

The surge in Venezuela oil to the U.S. appears to be part of a White House strategy months in the making.

Early last year, American officials went to Venezuela, a Russian ally and longtime U.S. foe, to open a dialogue with President Nicolas Maduro about easing sanctions so the country can sell its oil on the international market to combat rising prices amid Russia’s war in Ukraine.

Over the course of the year, the Biden administration offered Venezuela sanctions relief and ended up easing certain sanctions related to oil, giving Chevron a greenlight to import Venezuelan crude.

According to experts, the administration’s efforts to increase Venezuela’s oil experts really kicked into high gear over the summer, when Saudi Arabia rebuffed Biden’s efforts to get the country to increase the oil supply. 

‘Unfortunately, when the Saudis stiff-armed the administration on production increases last summer, it left them with very few options for the type of crude many US refineries need — particularly with the rapid draws from the Strategic Petroleum Reserve,’ Tim Stewart, president of the U.S. Oil and Gas Association, told Fox News Digital. ‘So last fall, they turned to the Marxist regime for an assist.’

In October, the Organization of the Petroleum Exporting Countries (OPEC) and its non-member allies, a coalition known as OPEC+ led by Russia and Saudi Arabia, announced they were going to slash oil production by 2 million barrels a day, a move that observers feared would push up already high global energy prices.

The White House, which had been desperately lobbying OPEC+ members to vote against the proposed production cut, decried the decision.

Experts have argued OPEC+ has increased sway in part because Biden’s policies have limited U.S. domestic energy production. According to an analysis last year by economists Stephen Moore and Casey Mulligan for the Committee to Unleash Prosperity, the Biden administration’s policies have caused the U.S. to produce significantly less oil and gas during Biden’s presidency than it would have during a second term for former President Trump.

‘The U.S. would be producing between 2 and 3 million more barrels of oil a day and between 20 and 25 more billion cubic feet of natural gas under the Trump policies,’ the report states. ‘This translates into an economic loss — or tax on the American economy — of roughly $100 billion a year.’

By turning to Venezuela for oil, Biden may also be undermining his own climate and environmental agenda.

‘Venezuela has the dirtiest oil production in the world,’ said Stewart.

Last summer, the World Bank published data showing the U.S. has made great strides in reducing flaring, which is the burning of natural gas associated with oil extraction. Biden has said he wants to end the practice by 2030.

The U.S. has seen a 46% reduction in flaring intensity, the volume of gas flared per barrel of oil produced, over the past decade and last year was better than almost every country at limiting it, according to the World Bank data.

Venezuela, meanwhile, is ‘among the worst performers, with a flaring intensity 18 times higher than that of the U.S.,’ the Bank’s Global Gas Flaring Tracker Report found.

Frequent oil spills in Venezuela, which often aren’t cleaned up, are also causing serious environmental damage. Experts have highlighted Venezuela’s ‘unsafe and careless production practices’ of contaminated oil, which damages not only the environment but also the health of local communities.

Venezuela is allied with Russia, which has been a chief backer of Maduro’s regime and supported the Venezuelan national oil company PDVSA. Russia has a controlling stake in 40% of Venezuela’s operations in five different projects.

Venezuela also maintains close military ties with Iran and economic ties with China.

‘Every barrel of Venezuelan crude the administration imports into the U.S. just further props up the Maduro regime and indirectly funds Russia’s war in Ukraine,’ said Stewart. ‘Now that Venezuela is hosting the Iranian navy and has laid out a welcome mat for the [ruling Chinese Communist Party], the Biden administration is funding the four major U.S. foreign adversaries with one single and very bad energy policy decision. It is efficient but very wrong.’

‘The sad thing is,’ continued Stewart, ‘this administration treats its own oil and gas industry and our workers as greater enemies than Venezuela, Russia, Iran, or China.’

The White House didn’t respond to a request for comment for this story.

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President Biden’s surprise Monday trip to Ukraine was actually an operation that began under the cover of darkness early Sunday morning, and included a plane ride on an Air Force C-32 jet, a motorcade on an empty Polish highway and a long overnight train ride into the war-torn country.

The small two-person print press pool accompanying Biden on the trip found out it was happening just days before, and had to arrive at Andrews Air Force Base in Maryland in the wee hours of the morning before being forced to hand over their phones before boarding the C-32, a much smaller plane than the usual Air Force One Boeing VC-25.

The plane was parked in the dark next to a hangar away from the tarmac with the shades drawn, waiting for Biden’s arrival. He arrived around 4:00 a.m. ET and the plane departed at 4:15 a.m. ET.

The plane stopped to refuel at Ramstein Air Base in Germany at 5:13 p.m. local time on Sunday after an approximately seven-hour flight, before continuing on to Rzeszów-Jasionka Airport in Poland. During its roughly one hour and 15 minutes on the ground, the plane’s shades remained drawn.

It landed in Rzeszów, Poland at 7:57 p.m. local time. The airport was clear at the time of Biden’s arrival, and the press pool was quickly ushered to a designated SUV as part of a motorcade estimated to contain approximately 20 cars.

The motorcade began rolling at 8:12 p.m. local time and began a roughly one-hour long journey on a family empty highway to Przemyśl Główny train station. No sirens were used during the drive to avoid drawing attention.

It arrived at the near empty Przemyśl Główny train station at approximately 9:15 p.m. local time, where Biden was dropped directly in front of his train car at the already waiting train. It contained approximately eight cars, according to a security officer on the train, and had a heavy security presence.

The train departed the station at 9:37 p.m. local time. According to an agent on the train, it crossed into Ukraine at roughly 10:00 p.m. local time. Much of the journey took place in the dark and lasted roughly 10 hours, while stopping a handful of times for unclear reasons except to pick up additional security on at least one occasion.

The sun had risen by the time the train approached Kyiv and came to a stop at the Kyiv-Pasazhyrsky station at roughly 8:00 a.m. local time. The area around the platform had been cleared and U.S. Ambassador to Ukraine Bridget Brink awaited Biden and his staff at the station.

Biden reportedly said ‘it’s good to be back in Kyiv’ when he stepped off the train.

Biden departed the train at 8:07 a.m. local time and entered another motorcade that departed the station at 8:18 a.m. local time en route to Mariinsky Palace where Biden was greeted by Ukrainian President Volodymyr Zelenskyy.

Fox News’ Erin McEwan contributed to this report.

This post appeared first on FOX NEWS

Teachers in Indiana public schools could be required to tell parents if a student changes their gender identity or preferred name under a bill House committee members approved Monday.

A vociferous crowd lingered outside the House chamber through hours of testimony, cheering opponents of the measure and booing Republican lawmakers who back it.

Opponents of the bill — which lawmakers voted 9-4 to send to the full House for consideration — said it would alienate LGBTQ students, particularly transgender youth, and possibly force kids to come out to their parents. Supporters argued the legislation would empower parents to choose how their children are raised.

If a student questions their gender identity to a teacher, ‘the best answer is, you can talk to your parents,’ said Micah Clark, executive director of the Indiana Family Association.

The parental notification proposal was among several amendments to a bill that started out more closely resembling Florida legislation enacted in March 2022. The so-called ‘Don’t Say Gay’ bill drew intense national scrutiny from those who argue it marginalizes LGBTQ people. Proponents say the measure is reasonable because parents, not teachers, should handle such subjects with their children.

The original Indiana bill would have prohibited teachers from teaching kindergarteners to third graders about topics related to gender identity and sexuality. It was amended limit the banned topics solely to sexual education — something already uncommon in early grades.

Missouri lawmakers also rejected a more restrictive version of the ‘Don’t Say Gay’ law. A Senate committee in that state voted to advance a measure that would require public school teachers to tell parents if a child ‘express discomfort or confusion’ about their gender identity or if they request to use different pronouns.

Haras Shirley, a transgender man who testified Monday, said the House legislation is ‘a direct conflict of interest to what I’m sworn to do’ for students as a school resource officer at an Indianapolis high school.

‘I will continue to be a beacon for my students, no matter the cost,’ Shirley said.

Indiana’s House bill, authored by Republican Rep. Michelle Davis, would only apply to public schools and would prohibit them from disciplining teachers or staff who use ‘a name, pronoun, title, or other word to identify a student that is consistent with the student’s legal name.’

‘This is some common sense legislation to support transparency and parents’ fundamental rights, which shouldn’t get dropped at the classroom door,’ Davis said Monday.

But Chris McGrath, a teacher from Lafayette, Indiana, disagreed.

‘How do I not have the right to compel (a school) to call my child a name that I told them that I want my child to be called?’ McGrath asked. ‘I could be insisting that they use the name that she’s got right now, and that they use she/her pronouns. How can I not compel the institution to do that?’

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Top Republicans on the House Foreign Affairs and Senate Foreign Relations Committees said President Joe Biden’s surprise ‘photo op’ in Ukraine on Monday is not a sufficient response and said the U.S. needs to send more lethal aid to help Ukraine defend itself from Russia.

‘It’s good President Biden visited Ukraine, but a photo op isn’t enough,’ said Rep. Michael McCaul, R-Texas, who chairs the House committee. ‘He needs to get Ukraine the weapons they need to win now, especially ATACMS (Army Tactical Missile System), instead of slow-rolling them.’

The top Republican on the Senate committee, Jim Risch of Idaho, agreed that more lethal force is needed and called on Biden to send fighter aircraft.

‘I hope POTUS’ visit to #Kyiv will be followed with action – including quickly sending F-16s to Ukrainian forces. We must demonstrate that the U.S. remains committed to helping #Ukraine defend itself against #Russia’s violent aggression,’ Risch stated in a tweet Monday.

ATACMS is a 190-mile range missile that would far outperform the artillery currently in Ukrainian President Volodymyr Zelenskyy’s arsenal, which have a range of about 50 miles.

But last week, the Biden administration announced it would not be sending ATACMS to the front lines in Ukraine because doing so would reduce the U.S. military stockpile to a level that would affect military readiness. But some military experts say that excuse from the White House is ‘weak.’

‘ATACMS is fired by rocket artillery systems that have already been transferred to Ukraine,’ the Foundation for Defense of Democracies wrote in an op-ed published in the Washington Examiner on Saturday. ‘Modern variants of the missile have a 500-pound warhead and 300-kilometer range, well beyond the 85-kilometer range of Ukraine’s current Western-supplied rockets,’ the group said.

‘The bottom line is that there are still thousands left in U.S. and allied stockpiles,’ the group said.

The Biden administration’s refusal to send Ukraine F-16s and ATACMS comes even after bipartisan calls to do so.

On Thursday, a bipartisan group of House lawmakers, including Reps. Jared Golden, D-Maine, and Mike Gallagher, R-Wis., sent a letter to the White House to ask Biden to ‘provide Ukraine with increased air superiority capability, including the F-16 Fighting Falcon aircraft requested by [Kyiv], or similar fourth-generation aircraft, as soon as possible.’

‘We believe providing Ukraine with fourth generation fighter aircraft represents a sound strategic investment in bolstering [Kyiv’s] military capability and bringing this conflict to a just conclusion,’ they said.

This month, Sens. Lindsey Graham, R- S.C., Richard Blumenthal, D-Conn., and Sheldon Whitehouse, D-R.I., wrote to Secretary of State Antony Blinken in support of sending ATACMS and fourth-generation aircraft to Ukraine.

House Foreign Affairs Committee ranking member Rep. Gregory Meeks, D-N.Y., and Senate Foreign Relations Chairman Bob Menendez, D-N.J., did not immediately respond to Fox News Digital’s request for comment.

The comments from the top GOP lawmakers are out of step with other Republicans who on Monday rebuked Biden for his trip to the war-torn region instead of visiting East Palestine, Ohio, where a recent train derailment led to a major leak of toxic chemicals.

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Three months into the 2024 White House race, former President Donald Trump remains the front-runner in the hunt for the GOP presidential nomination, according to an average of the latest public opinion surveys.

And as President Biden moves closer to the likely launch of a 2024 re-election campaign, his standing with Americans remains in negative territory after slipping underwater a year and a half ago, according to a key polling metric.

Biden stands at 44% approval and 52% disapproval according to an average of the latest national surveys that asked respondents about the job the president’s doing. The average, compiled by Real Clear Politics, includes both probability and non-probability based polls.

Biden’s approval rating hovered in the low to mid 50s during his first six months in the White House. But the president’s numbers started sagging in August 2021 in the wake of his much criticized handling of the turbulent U.S. exit from Afghanistan and following a surge in COVID-19 cases that summer among mainly unvaccinated people.

The plunge in the president’s approval was also fueled by soaring inflation, which started spiking in the summer of 2021, and to a lesser degree the surge of migrants trying to cross into the U.S. along the southern border with Mexico. The president’s numbers slightly rebounded last summer and autumn, but remain well in the red.

Biden stands far below where his three most recent two-term predecessors — former Presidents Barack Obama, George W. Bush and Bill Clinton – stood at this point in their presidencies, as they successfully ran for re-election. 

The only recent president whose approval ratings were lower than Biden’s current numbers was Trump — his most recent predecessor. Then-President Trump stood at 44%-53% in mid-February 2019, according to the Real Clear Politics average. Trump was defeated by Biden in his bid for a second term in the White House.

Trump is running a third straight time for the White House. He announced in mid-November, just days after midterms, which traditionally mark the unofficial start of a presidential election cycle. 

According to an average of the latest GOP nomination horse race polls, Trump remains the front-runner in a field of actual and potential rivals. The former president registers at 46% support, with Florida Gov. Ron DeSantis at 30%. 

‘The early horse race comes down to just two names,’ Quinnipiac University polling analyst Tim Malloy highlighted as he pointed to Trump and DeSantis, who remains on the sidelines of the 2024 race as of now.

Former Vice President Mike Pence, who’s likely to launch a White House campaign later this year, stood at 6% support in an average of the polls, a point ahead of former South Carolina governor and former ambassador to the United Nations Nikki Haley, who last week joined Trump as the only major Republicans to date to have launched campaigns. Everyone else tested stood at 3% or less in the polling average.

In hypothetical 2024 general election matchups, the surveys suggest a margin of error race between Biden and Trump and the president and the Florida governor.

But it’s early in the cycle. The start of the GOP primary and caucus calendar is still eleven and a half months away, and the 2024 general election is 21 months from now, and it’s advisable to take the readings of these surveys with plenty of skepticism.

This post appeared first on FOX NEWS

Our research at EarningsBeats.com includes extensive seasonal studies, working off the seasonality tool here at StockCharts.com. We’ve recently ended the best historical period of the year, which runs from the close on October 27th through the close on January 18th. But the bullishness doesn’t come to an end, it simply slows down. If you’re looking for market sectors that historically perform well for the next 3 months, keep an eye on technology (XLK) and materials (XLB). These two have been the most consistent outperforming sectors through May since this secular bull market began.

But how about an industry group that loves this time of year?

In my opinion, there is no single industry group that loves March through May quite like the specialty finance area ($DJUSSP). The following is the “relative” (vs. the benchmark S&P 500) seasonal performance by calendar month:

By adding up the monthly outperformance averages for each calendar month, we can quickly compute that the DJUSSP absolutely loves the first 7 months of the year. Here’s the outperformance of this group since the secular bull market began, broken down between the following two periods:

January through July: +11.2%August through December: -1.6%

The sweet spot for specialty finance is March through May, however, as this 3-consecutive-month period has been its best, outperforming the S&P 500 by 5.4% on average since 2013!

Perhaps the best news of all is that I see significant technical improvement in the DJUSSP currently, as you can see from the chart below:

In addition to an obvious uptrend since October, relative strength kicked in almost immediately as the new year began. Though the entire pattern isn’t reflected above, the February weakness could represent a bottoming right shoulder in a reverse head & shoulders pattern that began during the second half of 2022. Clearing overhead price resistance at 520 on a closing basis would confirm the pattern.

At EarningsBeats.com, we provide our members with 3 portfolios comprised of 10 equal-weighted stocks, designed to outperform the S&P 500 over a quarter. Then we select 10 more equal-weighted stocks for the next 3 months and so on and so on. Our Model Portfolio has crushed the benchmark S&P 500 since the Portfolio’s inception in November 2018 (+130.31% vs. +51.60%). We selected our latest portfolios at Friday’s close and I included a specialty finance stock as 1 of the 10 equal-weighted stocks in our Model Portfolio.

This specialty finance stock has outperformed the S&P 500, on average, by 17.2 percentage points from January through July, including 5.5 percentage points from March through May. I’ll be providing my technical view on this stock in our next EB Digest. To sign up for our FREE EB Digest newsletter and receive this specialty finance stock, simply CLICK HERE and provide us your name and email address. There’s no credit card required and you may unsubscribe at any time.

Happy trading!

Tom

Something happened to the markets around Valentine’s Day which could reverse the recent uptrend.

The stock market didn’t like what it saw in the bond market last week, as yields steadily rose in response to warmer-than-expected readings in both CPI and PPI followed by increasingly hawkish talk from the Fed. At the same time, other indicators are suggesting that risk of a recession is still there. Buried in all the noise, however, was a significant, sudden, and troubling decrease in liquidity, which I will discuss fully in the following sections.

That means we have two plausible scenarios for stocks now. One is a consolidation pattern; the other is a full-blown correction. At this point, given the distortion introduced into the market’s price action by options expiration week, it’s a tough call. That means that what happens in the next few days will offer more information.

If the market enters a lengthy consolidation pattern, it would mean that we’re back in a stock picker’s market. If a full blown correction develops, I would expect the selling to pick up quickly, which means that hedging of portfolios will be in order.

Just in case, I’ve just added some select hedges to my model portfolios. You can check them out here with a free trial to my service.

Ripples in the Trend

Last week in this space, I noted that trading algorithms (bots, algos) follow three basic rules when allocating their resources based on the simple principle “if this happens, do this.” Specifically:

Market maker bots react to the order flow;Order flow depends on liquidity;Commodity-trading advisor algos react to support and resistance levels.

This combination of rule-following by both major groups of algos creates the price trend at any one time. Moreover, uptrends are based on adequate liquidity; when liquidity dries up, so do the odds of a rising market rise.

Here is how it works. Order flow is what the market-maker bots see before every trade gets executed; a preponderance of buyers or sellers. Over time, the order flow becomes a trend that is magnified by what non-market-maker bots do based on price behavior at key support or resistance levels in the market.

A third and equally important component of the market’s trend is the hedging that is put in place by market maker algos in order to protect their accounts. During periods in which sell orders outnumber buy orders, market maker algos lower bid/ask prices by executing lower-priced trades. Meanwhile, they sell put options to bearish traders and sell stock index futures to hedge their own accounts. This combination of orders from both traders and market makers serves to drive prices lower.

The reverse is true when buy orders outnumber sell orders. In this case, as they sell stocks to buyers, they hedge their risk by selling call options and buying stock index futures. This causes the market to go up.

In the current market, we’ve seen a shift in the market from a bullish tone to a slightly bearish tone. Therefore, it’s safe to assume that the market maker algos have noted a shift in the order flow, from bullish to bearish, and are acting accordingly.

What that translates to from a trading standpoint is that the market’s trend is slowly changing. I have full details below.

Bond Yields Explode as Liquidity Dries Up. Homebuilders Sneeze.

Steady selling has hit the U.S. Ten Year note, sending its yield (TNX) above 3.8%. A move above 4% would be a major negative for stocks, which could trigger very aggressive selling.

Moreover, the rise in yields has triggered a rise in mortgage rates, which threatens to hamper the recent bounce in home sales.

The upshot is that the homebuilder sector, as in the SPDR Homebuilder ETF (XHB), is now testing the support of its 20-day moving average.

Perhaps the most concerning aspect that has contributed to what may become a major reversal in stocks is the sudden decline in liquidity. You can see that expressed in the sudden downturn in the Eurodollar Index (XED) and its full effect in detail below.

What’s most interesting about this liquidity reduction is that the Fed is only scheduled to remove $150 million from the system over the next month. Certainly the most recent QT started on 2/14/23, just about the time the XED began to roll over. It’s hard to quantify how a potential $150 million liquidity drain could lead to such a market hiccup; unless, of course, it’s the Fed that’s been selling T-bonds aggressively outside of the announced program in order to reduce economic activity.

Another plausible explanation is that a major player, perhaps one of several commercial property REITs that is having problems with foreclosures, has been selling bonds. Aside from Brookfield’s LA default (highlighted in prior link), Blackstone (BSX) is also having its share of problems, as is Starwood (STWD).

If the second scenario is closer to the truth, then we may be closer to a more significant liquidity crisis as the contagion spreads.

Since homebuilders have been a huge component of the rally since the October 2022 bottom, persistent weakness in the group would likely add to the general market’s weakness.

Market Reverses as Liquidity Crashes

The New York Stock Exchange Advance Decline line (NYAD) broke below support at its 20-day moving average and may move lower. The next support is at the 50-day moving average.

Meanwhile, the S&P 500 (SPX) fell further below 4100 and below its 20-day moving average. The index is and is now testing the 4050 area. There is a hefty and very important support area just below where three very large VBP bars (big bars on the left of the chart) were previous resistance levels as the market arose.

If SPX breaks below this support area, where the bottom is near the 3950 and the 200-day moving average, the uptrend will have been vanquished. On the other hand, if the market is able to hold somewhere inside that broad band and eventually move above 4200, the bulls would be back in business.

The Nasdaq 100 Index (NDX) remained above its recent support at the 12,200 area, but ended the week straddling its 20-day moving average, which means the uptrend remains intact, although it’s a bit bruised. There is a strong VBP support band between 11750 and 12250. A move below the 200-day moving average would be very negative.

For its part, the CBOE Volatility Index (VIX) is showing signs that it wants to turn up. It has remained above 20, but still has resistance at 22.50. When VIX rises, stocks tend to fall, as rising put volume is a sign that market makers are selling stock index futures in order to hedge their put sales to the public. A fall in VIX is bullish, as it means less put option buying, and it eventually leads to call buying, which causes market makers to hedge by buying stock index futures, raising the odds of higher stock prices.

Liquidity unfortunately reversed last week as the Eurodollar Index (XED) closed below 95, which had been a reliable support level. Note the market’s most recent rally, off of the October bottom, has corresponded to this flattening out in liquidity. Also note how the continuous decline in XED corresponded to the bear trend in 2022 and how the current liquidity reduction has impacted the market negatively.

You can learn more about how to gauge the market’s liquidity in this Your Daily Five video.

To get the latest up-to-date information on options trading, check out Options Trading for Dummies, now in its 4th Edition—Get Your Copy Now! Now also available in Audible audiobook format!

#1 New Release on Options Trading!

Good news! I’ve made my NYAD-Complexity – Chaos chart (featured on my YD5 videos) and a few other favorites public. You can find them here.

Joe Duarte

In The Money Options

Joe Duarte is a former money manager, an active trader, and a widely recognized independent stock market analyst since 1987. He is author of eight investment books, including the best-selling Trading Options for Dummies, rated a TOP Options Book for 2018 by Benzinga.com and now in its third edition, plus The Everything Investing in Your 20s and 30s Book and six other trading books.

The Everything Investing in Your 20s and 30s Book is available at Amazon and Barnes and Noble. It has also been recommended as a Washington Post Color of Money Book of the Month.

To receive Joe’s exclusive stock, option and ETF recommendations, in your mailbox every week visit https://joeduarteinthemoneyoptions.com/secure/order_email.asp.

On this week’s episode of PGA Tour designated events, Max Homa and Jon Rahm set up for a showdown worthy of the bright lights of Hollywood.

From a field that boasted 23 of the world’s top 25 players – including the return of Tiger Woods – two of the hottest players in the game emerged for an exciting final round of the 2023 Genesis Invitational on Sunday afternoon. In the end it was Rahm who came away with the win, his third of the year and 10th of his PGA Tour career.

The 28-year-old big man from Barrika, Spain, shot a 2-under 69 in the final round at Riviera Country Club near Los Angeles to finish at 17 under, two shots clear of the runner-up Homa (68) who nearly holed out for birdie on the 18th. Patrick Cantlay (67) finished third at 14 under. Will Zalatoris fired the low round of the day with a 7-under 64 to finish fourth.

Rahm will leave California with not only the trophy, but the elevated top prize of $3.6 million and the title of world No. 1. So far this PGA Tour season, Rahm hasn’t finished worse than T-7 in six starts.

This post appeared first on USA TODAY

The Big 12 has been the class of college basketball all season, and on Saturday Kansas made an argument for being the class of that conference.

Just a couple hours after Texas struggled with last-place Oklahoma, the No. 7 Jayhawks notched a statement win against No. 9 Baylor. 

Trailing by as much as 17 in the first half, Kansas completed a stunning 34-point swing with four minutes to play, taking an 80-63 lead, and eventually finishing off an 87-71 win. 

With the win, Kansas moves into a tie with Texas for first place in Big 12 standings, with each program sitting at 10-4. Baylor, meanwhile, sits at 9-5. 

Baylor hit nine 3-pointers in the first half to take a 45-32 lead into the locker room, but a 55-point blitz from KU after the break was Baylor’s undoing. Kansas hit 63.3% of its shots in the second half and 50% from long distance. The biggest 3 came from Gradey Dick, whose trey with 14:29 gave Kansas the lead for good.

Follow every game: Latest NCAA Men’s College Basketball Scores and Schedules

Four Jayhawks scored 14 points or more, led by Jalen Wilson’s 21; he also grabbed 13 rebounds and one steal. Dajuan Harris scored 14 and dished out nine assists, committing just one turnover. 

Kansas recorded only four turnovers the entire game. For that ball handling, plus their impressive comeback, the Jayhawks are on top of Saturday’s biggest winners and losers list. That’s fitting, given the conference they’re in.

Winners

Michigan and Michigan State

The final score might have read 84-72 in favor of Michigan but make no mistake: There was no loser in this matchup, one of the most heated rivalries in college sports.

Less than a week after a gunman opened fired on their campus and killed three students, the Spartans returned to the court and gave a gutsy performance in the road loss. There were reminders everywhere of what had just happened: Michigan players wore T-shirts that read, ‘Michigan basketball stands with MSU’ and thousands in the arena held up signs that said, ‘Spartan Strong.’

Michigan State didn’t score in the final 2:29 of a game that featured nine lead changes and 11 ties, but the Spartans’ play was more about bringing a grieving community together in the wake of tragedy. At a vigil honoring the victims Wednesday, Michigan State coach Tom Izzo gave a moving speech where he told those gathered, ‘Let’s do a better job taking care of each other. We need each other.’

Saturday, the Spartans and the Wolverines did exactly that.

The Big 12

The NCAA Selection Committee previewed its top 16 seeds Saturday morning, sharing with viewers who would earn the top four seeds in each region if the tournament started tomorrow. Alabama was the overall No. 1 seed, but the biggest winner was the Big 12, which had five teams seeded 3 or higher. The conference was led by Kansas, the projected 1 seed in the West Region (the defending champions, the Jayhawks have been a 1-seed 15 times). 

The Big 12 has been the best conference in the country all season – it currently has six teams ranked in the USA TODAY Sports Coaches Poll and could get as many as eight teams in the tournament. It’ll be a relief for these teams to see someone new in the NCAA tournament, and given what a grind their regular season is, don’t be surprised if many of them dance deep into March. Bottom line: These teams are battle-tested and ooze toughness.

Kentucky

Are the Wildcats sick of all the talk about being on the bubble or potentially missing the tournament altogether? Sure seems like it based on their shellacking of No. 11 Tennessee in Rupp Arena. Considering how each squad played, you’d never know that Tennessee knocked off No. 1 Alabama earlier this week.

Four Kentucky players scored in double figures and the Wildcats hounded the Vols on defense, forcing Tennessee into an ugly shooting night while also outrebounding them, 40-32. That’s one way to get back into the selection committee’s good graces. On Saturday at least, Kentucky absolutely passed the eye test and looked like a team that belongs in the NCAA tournament. Can the Wildcats keep it up? 

Indiana

The No. 15 Hoosiers completed a comeback against pesky Illinois on Saturday, using the final 13 minutes to recover from a 48-39 deficit. Two free throws by Jalen Hood-Schifino with 30 seconds to play gave Indiana a lead and, eventually, a 71-68 win. The victory marked Indiana’s 15th win in a row at home. 

Additionally, Trayce Jackson-Davis scored 26 for the Hoosiers, moving into No. 5 all-time and surpassing coach Mike Woodson on the school’s all-time scoring list. He also grabbed 12 rebounds.

Kansas State

Talk about an impressive come-from-behind win. Trailing by eight at halftime, No. 14 KSU turned 15 Iowa State turnovers into 19 points, coming back to beat the No. 18 Cyclones 61-55. Shooting 44% from the field, 45.5% from 3 and 91.7% from the line in the second half certainly helped matters. Markquis Nowell led KSU with 20 points, six rebounds and five assists. 

Purdue

The No. 3 Boilermakers have lost three of their last four, but their resume is still plenty impressive – which the selection committee acknowledged Saturday by giving them the No. 1 seed in the East Region. Maybe that’ll give Purdue a boost of confidence when it tips off against Ohio State (11-15, 3-12 Big Ten) Sunday morning at 1 p.m. ET. 

Losers

Tennessee 

Lots of people make too many assumptions when a team loses a conference game to an unranked or lower-ranked opponent. Though frustrating, those losses can often be overblown because no one scouts you as well as your conference. 

That being said, the Vols looked all out of sorts Saturday in Lexington, losing 66-54 as they shot an abysmal 37.3% from the field and 22.2% from 3. They were brutal from the foul line, too, hitting just 28.6% of their attempts. 

Tennessee might have only lost by 12, but the final score was deceiving – the Wildcats were in command by double digits the entire game and probably could have won by 30 if they wanted. It’s the first time Tennessee’s been swept by Kentucky during the regular season since 2011-12.

Notre Dame

What a miserable last year for longtime coach Mike Brey. The Irish lost 57-55 at No. 6 Virginia on Saturday, the team’s fifth consecutive road loss by five points or less. Notre Dame’s Dane Goodwin had a good look at a potential game-winner, but his open 3 was off. The Irish are just 10-17 overall, and a heartbreaking 0-8 on the road. 

Oklahoma

Trailing 85-83, the Sooners had a chance to take down No. 5 Texas in Austin after the Longhorns missed one of two free throws with 6.8 seconds to play in overtime but Sam Godwin couldn’t convert a close look, and the Sooners lost. You don’t get a lot of opportunities to knock off a top-five team, and it would have done wonders for the Sooners’ confidence, as OU is in last place in Big 12 standings.

Georgia

One week after beating Kentucky 75-68, Georgia got smoked by No. 1 Alabama, 108-59 (yes, you read the score correctly). The Bulldogs let the Tide shoot 62% from the field and 47% from 3 and were outrebounded 49-26. Georgia got beat in every facet of the game, and the final stat sheet wasn’t pretty. Maybe Kirby Smart can be in charge of basketball recruiting too? 

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