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Former President Jimmy Carter will spend his ‘remaining time’ at home receiving hospice care instead of receiving additional ‘medical intervention,’ The Carter Center announced Saturday.

‘After a series of short hospital stays, former U.S. President Jimmy Carter today decided to spend his remaining time at home with his family and receive hospice care instead of additional medical intervention,’ a statement from the organization reads. ‘He has the full support of his family and his medical team. The Carter family asks for privacy during this time and is grateful for the concern shown by his many admirers.’

Carter turned 98 in October. He was the 39th president of the United States.

The former commander in chief was diagnosed with cancer in early 2015 after doctors performed liver surgery, according to a statement from the Carter Center, which made it clear that his cancer spread to other parts of his body.

In December 2015, Carter told his Sunday School class that he no longer has cancer.

‘Went for an MRI this past week and they (doctors) didn’t find any cancer at all in the brain,’ Carter said at the time.

Jill Stuckey, a member at Georgia’s Maranatha Baptist Church, said that the church erupted in applause when he made the announcement.

‘He said he got a scan this week and the cancer was gone,’ Stuckey said. ‘The church, everybody here, just erupted in applause.’

The Associated Press contributed to this report.

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The ‘HeGetsUs’ Christian campaign does not want to take a stance on abortion, claiming the issue has proven too divisive and loses sight of Jesus.

‘The debate over abortion is a great example of how the real Jesus too often gets lost, overlooked or distorted in debates over political and social issues,’ a spokesperson for HeGetsUs told Fox News.

The campaign was launched in March 2022 and plans to spend $2 billion over the next several years. The advertisements direct viewers to a website that includes Bible readings, ways to chat with real people about religion, and information about Jesus.

‘HeGetsUs’ saw a spike in interest after purchasing two advertisements during the 2023 Superbowl game between the Philadelphia Eagles and Kansas City Chiefs.

‘The debate will of course continue, and it’s an important discussion to have, but our focus is on helping people see and consider Jesus as he is shown in the Bible,’ the spokesperson continued. 

They added, ‘The Jesus of the Bible offers radical forgiveness, limitless compassion and unconditional love. He gets us and he loves us, and that includes people on both sides of this issue.’

The $20 million advertising campaign, funded in part by the family behind religious craft store chain Hobby Lobby, as well as Christian groups and other anonymous donors, bought two Superbowl ads centered on the idea that when it comes to Jesus, ‘He Gets Us.’

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National Review contributing editor Andrew McCarthy published an op-ed Saturday claiming ‘the only thing’ that can establish comprehensive security at the southern border is a presidential impeachment.

McCarthy asserted that the legislature and courts are unable to address illegal immigration, necessitating Republicans to threaten removing President Biden from office. 

Republicans moving to impeach Secretary of Homeland Security Alejandro Mayorkas are aiming ‘too low,’ he wrote in the piece.

‘You probably don’t want to hear this again, but at this stage, the only thing that might — might — turn the tide and establish a semblance of security at the southern border would be for House Republicans to impeach President Biden for first causing the border crisis and then, over the course of the next two years, willfully exacerbating it, not out of incompetence but because it’s what his radical base demands,’ the National Review Institute senior fellow wrote.

McCarthy claimed that the Supreme Court is ‘powerless’ to correct the massive influx of illegal migrants crossing the southern border, leaving the problem to be dealt with by individual states.

‘For over a century, judicial rulings and congressional Democrats have nullified their powers to uphold the rule of law against trespassers,’ McCarthy continued. ‘If the Court won’t help them, the states must rely on Biden, and it is Biden who has quite intentionally left the border defenseless, knowing full well that the states would be besieged.’

Acknowledging that the Democrat-controlled Senate would be unlikely to allow an actual impeachment, McCarthy made the case that impeachment articles could bring greater attention to the border issue.

‘That is the last thing to which Biden and Democrats want attention called,’ he asserted. ‘Border security is an 80–20 issue, favoring not so much Republicans (who are far from uniformly solid on upholding immigration law) as individual candidates and officials who demonstrate seriousness about it, most of whom happen to be Republicans.’

McCarthy concluded the article asserting that articles of impeachment were ‘the only available tool’ for Republicans to push the issue to its breaking point.

‘Joe Biden is not honoring his oath, and with Congress in a stalemate and state sovereignty nullified, only he can solve the border crisis he’s created. It’s that simple: Either Republicans use the only tool available to them to force Biden’s hand, or they are aiders and abettors,’ he wrote. ‘There is no middle ground.’

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Secretary of State Antony Blinken met with China’s top diplomat in Munich on Saturday amid tensions between the two countries over a Chinese surveillance object shot down by the United States.

Blinken met with Wang Yi while the two diplomats were attending the Munich Security Conference. State Department Spokesperson Ned Price released a statement confirming the two diplomats ‘met on the margins’ of the Munich meeting which represents the first in-person meeting between China and the U.S. since the surveillance object was shot down.

‘The Secretary directly spoke to the unacceptable violation of U.S. sovereignty and international law by the PRC high-altitude surveillance balloon in U.S. territorial airspace, underscoring that this irresponsible act must never again occur,’ Price said.

Price added that Blinken ‘made clear’ that the United States ‘will not stand for any violation of our sovereignty.’

Price said that China’s surveillance program that has ‘intruded’ into the airspace of 40 countries across 5 continents has been ‘has been exposed to the world.’

Price said that Blinken also spoke to Yi about Russia’s invasion of Ukraine and ‘warned about the implications and consequences if China provides material support to Russia or assistance with systemic sanctions evasion.’

The two diplomats, according to Price, also spoke about North Korea’s missile program and Blinken condemned the latest ICBM by the DPRK.

‘The Secretary reiterated President Biden’s statements that the United States will compete and will unapologetically stand up for our values and interests, but that we do not want conflict with the PRC and are not looking for a new Cold War,’ Price said. ‘The Secretary underscored the importance of maintaining diplomatic dialogue and open lines of communication at all times.’

The meeting comes two weeks after the United States military shot down a Chinese surveillance balloon off the coast of South Carolina that had been flying across the U.S. for several days.

Yi, head of China’s Ministry of Foreign Affairs, said at the conference earlier in the day that the U.S. response to the Chinese surveillance balloon detected in American airspace had been ‘unimaginable’ and ‘hysterical.’ 

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Former Vice President Mike Pence took to social media on Friday to share how his experience at Asbury College more than four decades ago moved him spiritually, as the evangelical service at the central Kentucky college known as the ‘Asbury revival’ entered its tenth straight day of worship.

‘As a college student, I too traveled to Asbury in 1978 for a Christian music festival. There it was as though I heard the gospel for the very first time,’ Pence wrote in a tweet. ‘I accepted Jesus Christ as my personal Lord and Savior and my life has never been the same.’

Pence, who was baptized and raised in a Roman Catholic parish, said he was ‘deeply moved’ by the revival that’s currently taking place at the school and suggested that ‘lives will be changed forever’ because of it.

Asbury also played a role in encouraging Pence while he was vice president under former President Donald Trump. Pence, who has offered numerous hints that he may enter the presidential race in 2024, shared a portion of his memoir in another tweet, stating that Asbury’s ministry reminded him ‘that even when it doesn’t seem like it, God is still working!’

The routine morning service on Feb. 8 at Asbury University — a small private Christian university, in Wilmore, Kentucky — has been celebrating nonstop for 10 days in what many of its participants are calling a ‘revival.’

Christians of numerous faith traditions have visited the chapel service at Asbury. Fr. Norman Fischer —  a Catholic priest in Lexington, Kentucky — reportedly told Catholic publication Our Sunday Visitor that the ongoing worship service was ‘pure’ and ‘definitely of God, definitely of the Holy Spirit.’

The movement began after students refused to leave following a chapel service last Wednesday, and the services have since grown to pack the room with worshipers from all over the country, according to Christianity Today.

The ‘Asbury Revival,’ as it has been called, echoes a widely reported worship event that took place decades ago.

A revival erupted at the same university in 1970 in Hughes Auditorium. The service began inside the campus chapel before more and more students arrived to worship, pray and sing over the course of 144 consecutive hours.

In Protestant Evangelical Christianity, a ‘revival’ is a sudden and enthusiastic restoration of religious vigor among a church, town or larger geographic region.

The Asbury Revival is having cascading effects as congregations elsewhere in the United States join in the marathon worship.

Students at Samford University in Alabama are now entering their fourth day of continuous prayer.

Samford’s service, held in Reid Chapel, began as usual before Thursday classes were canceled due to weather.

Church-goers stayed and continued the meeting until it began to be compared to the Asbury event. 

‘For over seven hours, students gathered in Reid [Wednesday] and well into the morning worshiping, praying, sharing testimonies and reading Scripture,’ Samford Ministry Training Institute executive director Kevin Blackwell told the Alabama Baptist.

Fox News’ Timothy H.J. Nerozzi contributed to this article.

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Politicians are reacting to former President Jimmy Carter entering hospice care, saying that he’s a ‘model of kindness.’

Carter will spend his ‘remaining time’ in his Georgia home receiving hospice care, according to a statement from The Carter Center on Saturday.

‘After a series of short hospital stays, former U.S. President Jimmy Carter today decided to spend his remaining time at home with his family and receive hospice care instead of additional medical intervention,’ a statement from the organization reads. ‘He has the full support of his family and his medical team. The Carter family asks for privacy during this time and is grateful for the concern shown by his many admirers.’

Carter turned 98 in October. He served as the 39th President of the United States. 

Rep. Bill Pascrell, Jr., D-N.J., said that Carter is a ‘model of kindness.’

‘Please have a prayer and a warm thought for Pres Carter. Jimmy Carter is the model of kindness, generosity, and decency that is the finest part of America. He is a great man and in our family’s thoughts now,’ he tweeted.

Rep. Don Beyer, D-Va., said on Twitter that he is ‘Sending my best to the Carter family and to Jimmy Carter, a kind, decent, generous-hearted man.’

Rep. Eric Swalwell, D-Calif., said on Twitter that he’s ‘Wishing the Carter Family peace and gratitude for the family’s decades of service.’

Sen. Bob Casey, D-Penn., said that he is wishing Carter ‘comfort and peace in the days ahead.’

Sen. Mike Rounds, R-S.D., said on Twitter that Carter’s life should be an example for all.

‘President Carter has led a well-lived life, faithfully serving his country and setting a great example for all,’ Rounds tweeted. ‘Praying for peace and comfort for him, Rosalynn and all of their family in the coming weeks.’

Sen. Raphael Warnock, D-Ga., said on Twitter that Carter is a ‘man of great faith.’

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Tributes and heartfelt responses are pouring in following news that former President Jimmy Carter has been entered into hospice care.

‘While bedeviled by myriad problems during his years in office, Carter has had one of the greatest second acts in American history,’ acclaimed historian and conservative political consultant Craig Shirley told Fox News Digital on Saturday afternoon. 

‘He also deserves the lion’s share of the credit for producing the durable Camp David Accords. Carter, an Annapolis grad, has always loved his country,’ Shirley, who has written four books on President Reagan, added.

Carter, 98, has been widely praised for his ‘second act’ after leaving the White House and dedicating himself to helping others through charity and promoting diplomacy around the globe.

On Saturday, The Carter Center announced that the former president will spend time at home rather than receive ‘additional medical intervention.’

‘He has the full support of his family and his medical team,’ the center’s statement said. ‘The Carter family asks for privacy during this time and is grateful for the concern shown by his many admirers.’

Well wishes immediately began pouring in on social media following The Carter Center’s announcement.

‘This man moves humanity forward every single day,’ Maria Shriver, a journalist, philanthropist, and niece of former President John F. Kennedy, posted on Twitter. ‘He is such an inspiration. Devoted his whole life to public service. Sending him and his family my love, my respect, my support.’

Jason Carter, the former president’s grandson who now chairs The Carter Center governing board, said Saturday in a tweet that he ‘saw both of my grandparents yesterday. They are at peace and—as always—their home is full of love.’

Carter was a prominent supporter of Habitat for Humanity dating back to 1984 and volunteered with the group every year since then until 2020.  

‘All of us at Habitat for Humanity are lifting up President and Mrs. Carter in prayer as he enters hospice care,’ Habitat for Humanity CEO Jonathan Reckford said in a statement on Saturday. ‘We pray for his comfort and for their peace, and that the Carter family experiences the joy of their relationships with each other and with God in this time.’

Carter celebrated his most recent birthday in October with family and friends in Plains, Georgia, the tiny town where he and his wife, Rosalynn, were born in the years between World War I and the Great Depression.

The Carter Center last year marked 40 years of promoting its human rights agenda.

The Associated Press contributed to this report.

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It was the second week in a row that the Markets did not make any major headway; stayed directionless, and ended with just modest gains. The previous days have seen volatility declining; the VIX remains at one of its lowest levels of the recent past. This week as well, there was not much increase in the volatility. The market sentiment remained calm with volatility staying very low. The trading range also remained modest; the past five days saw the NIFTY oscillating in a trading range of 415 points. While continuing to resist the important levels, the NIFTY ended with a modest gain of 87.70 points (+0.49%) on a weekly basis.

The 20-Week MA which presently stands at 17981, has assumed some importance on the weekly charts over the past many weeks. While the NIFTY was trading higher, it took support on this support level for five weeks in a row. After the Index violated and slipped below this support, NIFTY is seen resisting the 20-Week MA for the third week in a row. On the daily chart, NIFTY has closed just a notch below the crucial 100-DMA which is placed at 17967. With 50-DMA placed at 18033, the NIFTY has multiple resistance levels to navigate between 17950-18050 levels on both daily and weekly charts. In other words, some meaningful up move shall happen only after NIFTY moves past 18000 – 18100 levels convincingly.

INDIAVIX, the volatility barometer, which has been trading near its lowest levels of recent times, inched 2.67% higher to 13.09. This remains a cause of concern in the near term. The markets may see a quiet start to the week. The levels of 18100 and 18250 are likely to act as potential resistance points. The supports come in at 17900 and 17780 levels.

The weekly RSI is at 52.99; it remains neutral and does not show any divergence against the price. The weekly MACD is bearish and trades below the signal line.

The pattern analysis shows that the NIFTY experienced a failed breakout when it was unable to significantly move past the previous high point of 18600. It just made an incremental high, saw a corrective move, and slipped below the breakout point resulting in a failed breakout. Currently, it is seen resisting multiple resistance points on the daily and weekly charts that are in close proximity to each other. The overall pattern analysis shows that a meaningful up move shall happen only after NIFTY moves past 18100 levels convincingly and stays above that point. Until this happens, we are likely to all up moves facing stiff resistance at higher levels.

All other technical factors aside, the low level of VIX is a cause of concern for the near term. The persistently low levels of VIX indicate a period of low volatility and it denotes complacency of the market participants. This is supposed to be taken with a tinge of caution. Any spike in VIX, which is absolutely normal if this indicator remains low for a long time, can be harmful to the markets.

Unless the Index moves past 18100 levels, the markets shall not see any runaway up move. The overall approach to the markets needs to be stock-specific and selective over the coming days. We will see defensive and low-beta stocks doing better; we are also likely to see isolated outperformance from the banking, IT, financial, and Auto sectors.

The coming week is expected to wear a defensive look; it is likely that pockets like FMCG, Pharma, IT, PSE, etc. may do well. While select outperformance from other sectors cannot be ruled out, it would be wise to stay invested in low-beta stocks that tend to show much lower volatility. The VIX at one of its lowest levels remains a concern and given this fact, the markets need to be approached on a highly cautious note over the coming days. However, unless the key resistance points are taken out, leveraged exposures must be kept at modest levels. A cautiously positive outlook is advised for the coming week.

Sector Analysis for the coming week

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

The analysis of Relative Rotation Graphs (RRG) shows that the Auto Sector Index has also rolled inside the leading quadrant; this joins the NIFTY IT and the FMCG Index which are firmly placed inside the leading quadrant. These groups are set to relatively outperform the broader NIFTY 500 Index. The NIFTY PSE Index is also inside the leading quadrant.

On the other hand, NIFTY Infrastructure Index has rolled inside the weakening quadrant. Besides this, NIFTY Commodities, Financial Services, Services Sector, NIFTY Bank, Metal, and the PSU Bank indices are also inside the weakening quadrant.

NIFTY Realty, Media, and the Energy Indices are seen continuing to languish inside the lagging quadrant. NIFTY Consumption Sector index is also inside the lagging quadrant; however, it is seen sharply improving on its relative momentum against the broader markets.

The NIFTY Pharma index is inside the improving quadrant; this may continue to see resilient performance against the broader markets in the coming week.

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

Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

People absolutely love to not love gold. When I post bullish gold comments on social media, I am guaranteed to get some not-so-constructive pushback on an optimistic thesis.

Why do people love to hate the gold trade? Well, for starters, it hasn’t worked in a long time. But that all may be changing in 2023.

The Long-Term Struggles of the Yellow Metal

Investors have a great long-term memory of painful investment experiences. And the fact that gold performed so abysmally from 2011-2018 certainly didn’t win over any investors looking for long-term gains.

Here, we’re looking at the gold ETF which shows a peak in 2011 around $185. Note how gold struggled through the mid-2010s, as the S&P 500 and Nasdaq were basically in the middle innings of a cyclical bull market phase.

At the bottom of the chart, we have the relative performance of GLD versus SPY. By owning gold during this period, you were basically guaranteed to underperform, because you were allocated away from top-performing stocks and ETFs.

But From the Ashes Emerges Strength

Gold actually did fairly well in 2018-2019, with the GLD outperforming the S&P 500 index coming out of the 2018 lows. While gold held up pretty well during the early days of the COVID era, stocks outperformed the yellow metal through the course of 2020 and 2021.

Are you ready for a deep dive into breadth indicators? In our latest FREE webcast on Tuesday February 21, we’ll show you how they’re constructed, how they generate buy and sell signals, and what they’re telling us about the current markets. Sign up HERE for this free event, Five Favorite Breadth Indicators!

The GLD ended up testing resistance around $185 in 2020 and again in early 2022, further solidifying the importance of this upside price objective. This coincides with about $2000/oz on the chart of spot gold. How bullish do we want to be on gold if it can’t get above resistance?

But do you notice the cup-and-handle pattern that has played out over the last 10-11 years? That’s where you have a long rounded bottoming pattern, a retest of the resistance level forming the right side of the cup, and finally a shallower pullback to create the handle.

This emerging pattern suggests a long-term base with strong upside potential, but if and only if the price can break above and follow-through beyond this resistance level. If that were to occur, the height of the pattern suggests an upside target around $344, which would equate to around $3700/oz for spot gold.

Connecting the Short-Term to the Long-Term

Now let’s review what’s happened so far in 2023. Gold spent most of 2022 in a bearish momentum phase, with the RSI ranging from oversold on downswings to only 60 on upswings. This is classic behavior for a downtrend phase. But something changed in the fourth quarter, just as we saw for equities.

In November, the GLD broke to a new swing high and the RSI finally pushed above 60 to reach the overbought level around 70. This influx of positive momentum suggested a “change of character,” or a rotation from distribution to accumulation phase.

After testing $182 at the end of January, the GLD has now pulled back to retrace about 38.2% of the way back down to the October 2022 low. While gold did break below its 50-day moving average (which is less than ideal), I’m encouraged by the fact that the price has so far held the first Fibonacci retracement level, with the RSI remaining just above 40.

In the short-term, if you assume downside risk to the 200-day moving average around 165.50, that would mean about a 2.5 to 1 risk/reward if you expect a retest of the January peak.

Given the uncertainty in the equity markets, the big unknown in terms of the schedule of Fed rate hikes, and the weakness in growth names this week, perhaps gold deserves a second look as a hedge against further downside for stocks.

Did you miss my latest YouTube video analyzing a chart like NVDA to identify potential entry points? I got you covered.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!

David Keller, CMT

Chief Market Strategist

StockCharts.com

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

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

In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen shares the key drivers of current price action, as well as what to be on the lookout for next week. She also shares the primary areas of support and resistance for the key market Indexes. The S&P 500 and the Nasdaq are at a crossroads, but select areas are shining amid the sideways market movement.

This video was originally broadcast on February 17, 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. You can also watch on our on-demand website, StockChartsTV.com, using this link.

New episodes of The MEM Edge air Fridays at 5pm PT on StockCharts TV. 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.