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BLOOMINGTON, Ind. – Thursday’s sold-out Assembly Hall crowd for when No. 4 Iowa visited No. 16 Indiana had fans in attendance for many reasons. Most packed the gym to root for Indiana’s biggest win of the season and 86-69 win over the Hawkeyes. Others were there to root for Iowa, and more specifically, the Caitlin Clark Show.

But another portion of fans showed up for a team that didn’t play on Thursday. They were Indiana Fever fans.

With the Fever holding the No. 1 pick for the second consecutive WNBA draft, fans are excited by the possibility of Clark becoming the new point guard of the franchise. So when Clark came to Bloomington for what could be the final time in her college career, Fever fans made themselves seen.

“We’re really hoping Caitlin — showing her talent — will come,” Sharon Indrutz said. “Indiana’s a good place to be. It’s a little like Iowa.”

Indrutz came to Thursday’s game with her neighbor, Mary Waters. Indrutz and Waters traveled from Wabash to see the game. Waters became a Fever fan three years ago when the team went a WNBA-worst 6-26. Although Waters came aboard at the lowest moment in franchise history, she’s eager to see the rebuild completed.

“The whole attitude of wanting to win and maybe not being able to,” Waters said when asked what made her a Fever fan. “And now they’re putting a team together that’s really gonna be awesome. I think they’ll be unbeatable.”

Waters just recently became a fan of the game of basketball. The main reason for her and Indrutz’s fandom? Caitlin Clark.

Waters has watched Clark play six times in person now, including multiple times with Indrutz. The pair went to see Clark play at Purdue on Jan. 10. They also traveled to Iowa City in October when the Hawkeyes hosted Crossover at Kinnick as an exhibition affair against DePaul. These fairly new basketball fans are obsessed with Clark. 

“She’s steady, and I like the unselfishness,” Waters said. “She knows that her assists are just as important as her shots, and that’s seeing the whole court and knowing her intelligence of basketball. 

“That’s what’s brought me in, is watching the phenomenal ‘wows,’ and those get you the highs. Then it’s the continuation of her and how she treats her teammates and how her teammates treat her.”

Adam Weaver has been a women’s basketball fan for much longer. Weaver has rooted for the Fever since Tamika Catchings’ rookie season in 2002 when he was in elementary school. Weaver — who grew up between Columbus and Shelbyville — frequently begged his parents to take him to games, making it to a few each season.

Now as an adult, Weaver and his husband, Jeff Wagerman, are season ticket holders who sit courtside at every game. Wagerman became a fan about four years ago because of Weaver. Like Waters, Wagerman is immersed in the team despite the lows of the post-Catchings era.

“We really like being able to connect with the players,” Wagerman said. “It’s cool in the WNBA that the players are accessible. We just really enjoy the environment. It’s very inclusive.”

Wagerman and Weaver have watched Clark play in person since her freshman season. As Indianapolis residents, the couple attended Iowa games when the Hawkeyes made consecutive appearances in the Big Ten championship at Gainbridge Fieldhouse in 2021 and 2022. 

At the Fever’s draft lottery party in December, Wagerman and Weaver were in attendance. As it was announced the franchise was getting the No. 1 pick again, Weaver envisioned a dynasty.

“It’s so exciting because when you look at the WNBA teams that have historically had the most success, they’ve built through the draft,” Weaver said. “The Las Vegas Aces, three No. 1 picks in a row, the Seattle Storm picked Breanna Stweart and Jewell Loyd consecutively, and now we’re going to have Aliyah Boston and the No. 1 pick — hopefully Caitlin Clark. That’s huge for the future.”

Boston and Clark could become the next great guard and post player combination in the league’s history. The WNBA’s great dynasties — like many in the NBA — typically have at least one great perimeter player to pair with a force inside. 

The back-to-back champion Aces have Chelsea Gray, Jackie Young and Kelsey Plum to complement A’ja Wilson down low. The Lynx paired Sylvia Fowles in the paint with Maya Moore for the last two of their four championships from 2011 to 2017. Sue Bird won her first two rings in Seattle with future Hall-of-Famer Lauren Jackson before winning another two with Stewart in the latter half of her career.

That said, the idea of Clark joining the All-Star pairing of Boston and Kelsey Mitchell is enticing. With GM Lin Dunn and coach Christie Sides — who attended Thursday’s game — at the helm, the Fever’s quest to make the playoffs for the first time since 2016 would be aided by Clark’s arrival.

Of course, Clark still has to decide if she’s entering the draft. The senior could exercise her fifth year of eligibility due to COVID-19, so there’s a chance the WNBA has to wait another year for her to turn pro. Clark remains uncommitted to publicly making a decision.

“We’ve got our fingers crossed that hopefully she’s coming,” Wagerman said. “I think it’s going to be a huge game-changer for the franchise. I’m envisioning Gainbridge Fieldhouse sold out and just as loud as (Assembly Hall) is right now.”

For the time being, Fever fans will continue to anticipate the day Clark makes her announcement. Clark has until April 5 or 24 hours after Iowa’s last game — whichever comes last — to make her decision for the draft on April 15. 

Whether or not she’s made up her mind yet, it couldn’t have hurt for Clark to see many Fever fans in the stands on Thursday night.

This post appeared first on USA TODAY

The swing and follow-through happened around 8 a.m. ET Thursday morning at a pre-qualifying event in Florida. The PGA Tour quickly captured it.

It was a nice swing, one we have seen before. How could we miss it?

It was Charlie Woods’ first attempt at qualifying for a tour event. Users on social media sensed the moment, too, but they weren’t nearly as nostalgic.

“You know you guys have an actual event starting today,” came the first comment on X, formerly Twitter.

“Leave the kid alone,” said another post.

Some wondered why Woods wasn’t in school. Others wanted to know where they could watch him on television. Some even used profanity, stated or implied, in an effort to tamp down the expectations, or even to take a cheap shot at Woods.

Back the efff off

Garbage ass swing and score …

Kid is trash!!

Would anyone say that about your child if he or she had won the high school golf state championship?

Tiger Woods’ son is 15. He wound up shooting a 16-over-86, finishing 64th in the field. He won’t advance to Monday’s open qualifier and, mercifully for now, his first event on the PGA Tour will have to wait.

If you are a parent, and you have attached expectations to your kid’s sporting achievements, you can exhale. Your son or daughter, perhaps no one’s son or daughter, is facing the pressure to succeed — or to fail — the way Charlie Woods is.

He has shown us he is a strong player, winning that state championship in Florida and putting up highlight-reel shots playing alongside his father in the PNC Championship.

And yet, it may not ever be good enough for us.

Forget unrealistic expectations. These expectations are impossible.

They can serve as a reminder for all sports parents of how lucky we are. We have the opportunity to see our kids play every week, sometimes every day, without the world watching his or her every move.

If Charlie Woods was your kid, and you knew the pressure he was facing, would you be critical of him? Would you tell him the things he might do differently in all those games you watch? Or would you cherish every moment you had to watch him proudly following in your enormous shadow?

The best example we can set for our kids isn’t necessarily in doing what we’re best at. It’s how we act and behave and carry ourselves on a daily basis. It’s in letting our kids be kids as long as they can, no matter how far their careers take them. And it’s laying off of them when they don’t play up to our expectations.

Yes, this is Tiger Woods, winner of 15 major championships and 82 PGA Tour events. But as far as being a dad, he seems a lot like any of us in looking out for his son.

“I just don’t like the fact that he stares at his phone all the time,’’ Tiger Woods said in December, according to Sports Illustrated. “Put your phone away and just look around. That’s one of the things that I think all parents struggle with is most kids don’t look up anymore. Everyone is looking down.

“Look around you, the world is so beautiful around you, just look up. But everyone is staring into a screen, and that’s how people view life. It drives me nuts at times because he’s always looking down and there’s so many things around you that are so beautiful at the same time.’

When you observe the relationship, even in the snippets of it we get to see in public, you see that they are two exceptional golfers but a father and a son first.

Woods kept his son away from interviews at the PNC Championship, but Charlie stopped at the turn to answer questions from Will McGee, the 12-year-old son of two other golfers, Mike McGee and Annika Sorenstam.

“My mom was wondering, because she gives me advice on my swing but I don’t listen often. … Do you listen to your dad on swing tips?” Will asked.

“It doesn’t happen very often,” Charlie responded. “I mean, when I get desperate, yeah.”

Woods hasn’t put any external pressure on Charlie or his older sister, Sam, who plays soccer. Sam also caddied for her dad and brother at the PNC Championship.

“It couldn’t have been any more special for all of us,” Tiger said. “For me to have both my kids inside the ropes like this and participating and playing, and being part of the game of golf like this, it couldn’t have been more special for me.”

“I drove the ball really good today. I didn’t miss a fairway,” Charlie said at the same event. “I didn’t miss a fairway and we still managed to shoot eight under. We just suck at putting.”

His father, listening thoughtfully, cracked a smile.

“That summed it up right there,” he said.

There could be a moment in Charlie Woods’ future when he plays and even succeeds on the PGA Tour. There will be a day when his career playing the sport ends. Your child will have that moment some day, too.

The end came in 1972 for Yogi Berra’s oldest son, Larry, who had a dream of playing major league baseball. It was a dream that was independent of his father’s decorated career until he approached Whitey Herzog, the director of minor league development for the New YorkMets.

Larry Berra told Herzog if he wasn’t meeting the team’s standards, he needed to let him go. His request was granted. Everyone thought he got released anyway.

He was dealing with injuries in the minor leagues but, like with Charlie Woods, he has always dealt with that shadow.

“When I was playing in the Appalachian League, we went to one town, and I was in the on-deck circle,” Larry Berra told author Mark Braff for the book “Sons of Baseball.” “Some guy kept yelling at me, saying, ‘You’re not as good as your old man.’ And I turned around and I said, ‘Listen, if I was as good as my father, I wouldn’t have to listen to you and I wouldn’t be in this little town of yours.’ And I got yelled at by my coach.’

Yogi Berra, like many former major league baseball players, didn’t put pressure on his son to follow in his footsteps. Those expectations came by themselves.

We have to resist, no matter how alike the swings of Tiger and his son are, to put them on Charlie Woods.

We wouldn’t do it to our own kid, would we?

Ask yourself that question the next time you drop your son or daughter off at a tryout for a travel team, and no one is watching.

Steve Borelli, aka Coach Steve, has been an editor and writer with USA TODAY since 1999. He spent 10 years coaching his two sons’ baseball and basketball teams. He and his wife, Colleen, are now loving life as sports parents for a high schooler and middle schooler. For his past columns, click here.

This post appeared first on USA TODAY

A federal judge on Friday suspended NCAA rules on name, image and likeness benefits for athletes, dealing a serious blow to the college sports governing body’s enforcement powers and easing the stress of the University of Tennessee amid an NCAA investigation.

It’s a victory for the attorneys general in Tennessee and Virginia in their lawsuit against the NCAA and, potentially, for Tennessee in its fierce fight with the NCAA over NIL rules. The preliminary injunction granted in the Eastern Tennessee District by Judge Clifton Corker found that NIL rules caused irreparable damage to athletes.

The decision applies while until the court case plays out. And the ruling covers the entire country, preventing the NCAA from enforcing its NIL rules against any school and giving student-athletes latitude on signing deals.

‘(W)ithout the give and take of a free market, student-athletes simply have no knowledge of their true NIL value,’ Corker wrote. ‘It is this suppression of negotiating leverage and the consequential lack of knowledge that harms student-athletes.’

Corker took issue with the NCAA’s strategy to prevent recruiting inducements, including the association’s attempt to classify NIL collectives, which raise and distribute money, as boosters.

‘The NCAA’s prohibition likely violates federal antitrust law and harms student-athletes,’ Corker wrote in his ruling.

The decision could have a seismic impact on college sports, as the NCAA’s rules banning NIL recruiting inducements are frozen for more than 523,000 athletes at 1,088 institutions.

College recruits and transfers can now negotiate and sign NIL contracts before enrolling at a university with no fear of breaking NCAA rules. Or, at least, they can until the case concludes, likely months from now.

But considering the NCAA already was under scrutiny involving antitrust laws, some NIL rules could be off the books permanently.

Tennessee attorney general: ‘NCAA is not above the law’

Tennessee Attorney General Jonathan Skrmetti celebrated the initial win while promising a prolonged fight in the lawsuit.

‘The court’s grant of a preliminary injunction against the NCAA’s illegal NIL-recruitment ban ensures the rights of student-athletes will be protected for the duration of this case, but the bigger fight continues,’ Skrmetti said in a statement. ‘We will litigate this case to the fullest extent necessary to ensure the NCAA’s monopoly cannot continue to harm Tennessee student-athletes.

‘The NCAA is not above the law, and the law is on our side.’

The states argued that NIL rules had to be suspended immediately because recruits are losing leverage without the ability to negotiate their fair market value in the NIL space and that UT’s reputation is stained by the NCAA’s unfair investigation focused on NIL rules enforcement.

“If UT is punished with bowl bans or players sitting out games, that is irreparable harm. But the threat of irreparable harm is also harm,’ Cam Norris, a lawyer arguing on the states, told the judge during the preliminary injunction hearing on Feb. 13.

Corker, especially, agreed that’s unfair for prospects to go through the recruiting process blindly without knowing their NIL earnings potential.

What it means for NCAA investigation into Tennessee football

This federal case and the NCAA’s investigation into Tennessee aren’t directly connected, but the prior impacts the latter.

With the injunction, the NCAA will have a difficult time enforcing the most serious charges regarding NIL. After all, it would be attempting to punish a school for breaking rules in the past that are unenforceable and potentially illegal in the present.

“Considering the evidence currently before the court, plaintiffs are likely to succeed on the merits of their claim under the Sherman Act (antitrust),” Corker wrote in his opinion in a denied temporary restraining order on Feb. 6.

The NCAA is investigating allegations that Tennessee broke NIL rules in multiple sports, including football, Knox News has learned. But the university has not received a notice of allegations, so there’s an opportunity for the NCAA to back off after this ruling.

But charging Tennessee with breaking NIL rules may not be the NCAA’s only option. It could try to reinterpret alleged violations as breaking rules regarding only boosters, even if those boosters were acting on behalf of an NIL collective.

If so, the NCAA would be trying to thread a needle in its investigation into Tennessee. After all, Corker instructed the NCAA to stop restricting collectives, including boosters, from engaging in NIL negotiations.

In his order, Corker prohibited all NCAA employees from enforcing its NIL policy and bylaws ‘to the extent such authority prohibits student-athletes from negotiating compensation for NIL with any third-party entity, including but not limited to boosters or a collective of boosters, until a full and final decision.’

The ball is now in the NCAA’s court about whether it wants to pursue its investigation into Tennessee and to attempt to preserve its NIL rules in the federal suit. Those decisions are separate but related because they deal with NIL rules.

‘Turning upside down rules overwhelmingly supported by member schools will aggravate an already chaotic collegiate environment, further diminishing protections for student-athletes from exploitation,” the NCAA said in a statement. “The NCAA fully supports student-athletes making money from their name, image and likeness and is making changes to deliver more benefits to student-athletes, but an endless patchwork of state laws and court opinions make clear partnering with Congress is necessary to provide stability for the future of all college athletes.’

Get the latest news and insight on SEC football by subscribing to the SEC Unfiltered newsletter, delivered straight to your inbox.

This post appeared first on USA TODAY

Voters are casting ballots today in South Carolina, the last of the major early states to choose a Republican nominee for president before Super Tuesday.

Former President Donald Trump has maintained a consistent and commanding polling lead, while the state’s former governor, Nikki Haley, will try to prove that she is a viable candidate with a competitive performance.

She will need to win at least in Charleston and Richland to clear that bar, while Trump will be looking to sweep the rest of the state.

Greenville and Spartanburg are battlegrounds to watch

Two counties in upstate South Carolina, Greenville and Spartanburg, add up to about 16% of the registered voter population of the state.

Like the overall region, these two counties are also heavily White and evangelical.

As we saw in Iowa, these voters favor Trump by wide margins, and the latest polling in South Carolina suggests they will vote similarly here today.

When Trump first ran for president in 2016, he had two major competitors in the Palmetto State: Ted Cruz and Marco Rubio.

Both candidates put up a serious fight in these two counties. In Greenville, they took 24.5% of the vote each; Trump won overall with 26.7%.

Cruz, who courted the evangelical vote throughout his run, took 24.5% in Spartanburg, while Rubio received 22.9%. Trump won with 32.6%.

The results from recent primaries and polling suggest that most of the Cruz voters have found a new home with Trump. 

Therefore, to win the state, Trump will look to take home at least a similar share of the vote in the upstate region as the combined share that he and Cruz took in 2016. For a performance in line with polling expectations, and with all other things being equal, he’ll look for something in the area of 65-75%.

With such an evangelical tilt, Haley is not likely to be very competitive here.

Charleston and Richland should be more favorable to Haley than other parts of the state

In line with her strategy in New Hampshire, Haley will look to win in highly populated urban and suburban areas. 

Charleston and Richland, which make up about 16% of the overall statewide vote, are at the top of the list.

Charleston County is home to the city of the same name, which is also the most populated city in the state. Richland County contains Columbia, the state’s capital and home of the University of South Carolina.

In 2016, these were the only counties where Rubio eked out a win.

They are also more affluent than most other parts of the state, and have more voters with a college degree; two of Haley’s key constituencies. 

Polling shows Haley running behind Trump but remaining competitive in these cities. The former hometown governor will need to do better than that to make this a race.

The better Haley does in these areas, the greater the chance that Haley will leave South Carolina with at least some delegates. That’s because, in addition to 29 statewide delegates, the state awards three delegates to the winner of the vote in each of its seven congressional districts.

Trump continues to dominate in rural areas

Some of Trump’s best performances in the 2016 Republican primary came from very small, rural counties.

He received more than 40% of the vote in 13 counties, ten of which had populations of less than 50,000 people.

Look to places like Lee County, in central South Carolina, where Trump took home 47% of the vote, beating closest rival Cruz by 25 points. Lee County’s population is about 16,000 people and dropping.

Head south to Allendale County, home to less than 8,000 South Carolinians. Trump received 44% there, beating the second place candidate, Rubio, by 19 points. Its population is also declining.

He received between 30% and 40% of the vote in another 27 counties, about half of which had populations of less than 50,000.

And that was in a race with two popular challengers, at a time when Trump had not yet persuaded the base that he had the right conservative credentials.

Collectively, these rural areas represent a powerful part of the overall statewide vote in South Carolina.

To win, Trump will look to bring out as many votes as possible.

Special coverage begins at 7PM ET on Fox News Channel

All polls close in South Carolina at 7 p.m. ET. Expect to see an early vote reported first in most areas; that vote will likely favor Haley.

Special coverage on Fox News Channel also begins at 7, anchored by Bret Baier and Martha MacCallum. 

Stay tuned for insights from our best-in-class Fox News Voter Analysis and the Fox News Decision Desk, which will call this race.

This post appeared first on FOX NEWS

CHARLESTON, S.C. — Nikki Haley is looking to prevent what Donald Trump’s presidential campaign predicts will be an ‘a– kicking’ in her home state of South Carolina Saturday by courting independent voters.

‘This is an open primary,’ Haley emphasized in a ‘Fox and Friends’ interview this week.

The former two-term Palmetto State governor who later served as U.N. ambassador in the former president’s administration notes that ‘anybody can vote in the primary, as long as you didn’t vote in the Democrat primary on February 3rd in South Carolina.’

Trump is the 2024 GOP frontrunner as he bids a third straight time for the White House. He grabbed a majority of the votes last month in Iowa caucus and New Hampshire primary victories and won by a landslide earlier this month in the Nevada and U.S. Virgin Island caucuses to close in on locking up the nomination.

The final polls in South Carolina showed Trump maintaining a large double-digit lead over Haley, the last remaining major rival challenging the former president.

Independents helped fuel Haley’s 43% showing in New Hampshire, where she lost to Trump by 11 points. But while independent voters have long played a crucial and influential role in the first-in-the-nation primary, they are much less of a factor in South Carolina’s more conservative electorate, where evangelical voters enjoy prominence in GOP contests.

A Monmouth University poll about South Carolina’s primary conducted last weekend had Trump with a 72%-to-25% lead among Republicans questioned, similar to how he performed with GOP voters in New Hampshire. Haley, meanwhile, held a narrow 53%-46% advantage among independents.

The problem for Haley is nearly two-thirds of those sampled by the survey indicated they were Republicans, with only 28% identifying as independents.

Longtime South Carolina-based Republican consultant Dave Wilson, who remains neutral in the primary, noted ‘there is no party registration in this state.’

‘They’re targeting what would be considered independent or swing voters. There’s just not that many in South Carolina. You’re either an R or a D in this state,’ Wilson said, addressing Haley’s campaign efforts. 

He added the Haley campaign and aligned groups are ‘trying to find people who are so against Donald Trump that they’re willing to step into a Republican booth and choose her name just to vote against Trump.’

Haley’s allies are also making a pitch for Democrats who didn’t cast a ballot in the party’s relatively low turnout presidential primary earlier this month to vote in the GOP contest.

‘If you did not vote in the February 3rd Democratic primary, you are eligible to vote on February 24th.’ a mailer sent to Democratic voters by the Haley-aligned super PAC SFA Fund states.

‘Your vote can make a difference,’ the mailer emphasized. ‘Please participate by voting for Nikki Haley and make your voice heard.’

Haley has repeatedly vowed to march on regardless of her finish on Saturday. Michigan, on Tuesday, holds the next contest, and it’s also an open primary.

In early March, nearly 800 delegates are up for grabs on Super Tuesday, and over 150 will be at stake over the ensuing two weeks. Among the states holding contests on Super Tuesday are delegate-rich California and Texas, and other big states like Florida, Illinois and Ohio will hold winner-take-all primaries March 19. Polling in many of those states indicates Trump holding large leads over Haley.

But Haley’s campaign notes that 11 of the 16 Super Tuesday contests aren’t limited to registered Republicans. 

Campaign manager Betsy Ankeny in a recent memo highlighted that the upcoming open primaries contain ‘significant fertile ground for Nikki.’

Trump and his allies have repeatedly blasted Haley over the courting of independents and even some Democrats.

‘The Democrats are giving her money, and she’s playing into the game. And I think she just can’t get, she just can’t get herself to get out. She is doing poorly in the polls. Look, if she was doing well, I’d understand it, but she’s doing very poorly,’ Trump said Tuesday in a Fox News town hall in Greenville, South Carolina.

Haley, in an interview the next morning on Fox News’ ‘America’s Newsroom,’ fired back.

‘He can keep saying I have big Democrat donors. At the same time, look at his disclosures. But I don’t ask donors whether they’re Republican, Democrat or independent,’ she said.

‘We’re fighting for the Republican primary, but there are a lot of independents who left the Republican Party because of Donald Trump. We are pulling them back. … We’re pulling Reagan Democrats back. And Republicans need to remember this is not about pushing people out of our party. And that’s why I do well with everybody, not just Republicans, not just independents.’

Seasoned Republican strategist and communicator Ryan Williams pointed out that ‘it’s up to each state to choose its process. … That’s generally been a principle of states’ rights that Republicans have long supported.’

Williams, a veteran of Mitt Romney’s 2008 and 2012 presidential campaigns, noted that when Romney won the nomination a dozen years ago ‘we were essentially the establishment and tried to draw in independents to offset what seemed to be a rotation of conservative challengers.

‘We courted independent voters, and we had an eye on the general election too,’ Williams recalled. ‘We wanted to make sure we were drawing independents to vote for us in the primary who would hopefully stick around for the general election.’

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Nikki Haley asserted two days ahead of the South Carolina Republican primary that former President Trump ‘will not win the general election.’ 

‘What I’m trying to tell all Republicans and anybody – Independents as well – anybody that’s voting in those primaries is if you want a change in the country, which I think the entire country wants a change, is we won’t get a change if we don’t win an election,’ the former South Carolina governor told CNN’s Jake Tapper on Thursday. 

She proclaimed, ‘Donald Trump will not win the general election. You can have him win any primary you want, he will not win a general election. We will have a female President of the United States: It will either be me or it will be Kamala Harris. But if Donald Trump is the nominee, you can mark my words, he will not win a general election.’

Some general election polls have shown Haley could fare better against President Biden than Trump, but the former president has a decisive lead heading into the Palmetto State’s Saturday primary. 

Haley further warned, ‘Don’t complain about what happens in a general election if you don’t vote that in this primary.’

‘We can do better,’ she added, noting that Trump and Biden are the ‘two most disliked politicians in America.’ 

She added that a majority of Americans have said they feel both men are ‘too old’ to hold the office again. 

‘We need someone who can work eight years straight of hard work, day and night, fully disciplined with no drama, no vendettas, just results or the American people,’ she said. 

Haley has already lost the Iowa caucuses and New Hampshire primary to Trump, but has said she has no plans to get out of the race. 

Trump senior advisor Jason Miller told Fox News Digital in a statement: ‘Birdbrain would get crushed by Joe Biden so badly she’d even lose Texas.’

The Haley did not immediately respond to Fox News Digital’s request for comment.

This post appeared first on FOX NEWS

In the previous technical note, it was categorically mentioned that while the overall trend may stay intact, the markets may continue to largely consolidate. In line with the analysis, the markets continued to consolidate and stay in a broad but defined trading range. The trading range over the past week was 422 points; the Nifty oscillated in this range before closing the week with gains. The volatility continued to retrace; the headline index closed with a net weekly gain of 172 points (+0.78%).

Volatility also continued to taper down mildly. India Vix came off by a modest 1.64% to 14.97. From a technical perspective, the markets continue to stay in a range. The present technical structure suggests that even if the markets move higher and post incremental highs, any runaway move may take some time to happen. On the lower end, it has dragged its support higher to 21700 and this keeps the Nifty in the defined 700-point trading range. Going by the Options data, unless 22500 is not comprehensively taken out, any runaway sustained uptrend is unlikely and the markets will continue to find profit-taking pressure at higher levels.

The coming week is the expiry week for the monthly derivative series; the moves may stay influenced by expiry-centric activities. While a stable start to the week is expected, Nifty may find resistance at 22300 and 22470 levels. The supports come in at 22000 and 21800 levels.

The weekly RSI stands at 72.55; it stays mildly overbought. The RSI remains neutral and does not show any divergence against the price. The weekly MACD is bullish and stays above the signal line. The Histogram is narrowing which suggests the momentum in the upmove may be decelerating.

Going by the pattern analysis, the channel breakout that the Nifty achieved as it crossed above 20800 remains very much intact and in force. Presently, the index is seen consolidating at higher levels while it keeps marking incremental highs. In the process, the supports for Nifty have been dragged higher to 21700 levels; any corrective moves are expected to find support. The bands have gotten wider than usual; this suggests that while the Index may continue marking incremental highs, it may take some time before it makes any runaway upmove.

All in all, while the undercurrent remains buoyant and intact, there are higher possibilities of the Nifty continuing to consolidate at higher levels. It is time that one gets highly stock-specific in the approach. Also, with any incremental moves higher, emphasis should be placed on protecting profits at higher levels. Fresh purchases should be made while staying highly selective. Volatility is expected to rise from its current levels. A cautious and mindful approach 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.

Relative Rotation Graphs (RRG) show that the Nifty Pharma and Auto indices have rolled inside the leading quadrant. Besides this, the Nifty Energy, Realty, IT, Infrastructure, Metal, and PSU Bank indices are also inside the leading quadrant. These groups shall continue to relatively outperform the broader Nifty 500 index.

The Nifty Midcap 100 index stays inside the weakening quadrant.

The Nifty FMCG and Consumption indices are inside the lagging quadrant; however, they are seen improving on their relative momentum against the broader markets. Besides this, the Nifty Financial Services, Services Sector, Banknifty, and the Media index continue to languish inside the lagging quadrant. These four groups may continue to relatively underperform the broader markets.

There are no indices present inside the improving quadrant.

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

We’ve highlighted all the warning signs as this bull market phase has seemed to near an exhaustion point. We shared bearish market tells, including the dreaded Hindenburg Omen, and how leading growth stocks have been demonstrating questionable patterns. But despite all of those signs of market exhaustion, our growth-led benchmarks have been pounding even higher.

This week, Nvidia’s blowout earnings report appeared to through gasoline on the fire of market euphoria, and the AI-fueled bullish frenzy appeared to be alive and well going into the weekend. As other areas of the equity markets have shown more constructive price behavior and volatility has remained fairly low, the question remains as to when and how this relentless market advance will finally meet its peak.

I would argue that the bearish implications of weaker breadth, along with bearish divergences and overbought conditions, still remain largely unchanged even after NVDA’s earnings report. The seasonality charts for the S&P 500 confirm that March is in fact one of the weakest months in an election year. So will the Nasdaq 100 follow the normal seasonal pattern, or will the strength of the AI euphoria push this market to even further heights into Q2?

By the way, we conducted a similar exercise for the Nasdaq 100 back in November, and guess which scenario actually played out?

Today, we’ll lay out four potential outcomes for the Nasdaq 100. As I share each of these four future paths, I’ll describe the market conditions that would likely be involved, and I’ll also share my estimated probability for each scenario. And remember, the point of this exercise is threefold:

Consider all four potential future paths for the index, think about what would cause each scenario to unfold in terms of the macro drivers, and review what signals/patterns/indicators would confirm the scenario.Decide which scenario you feel is most likely, and why you think that’s the case. Don’t forget to drop me a comment and let me know your vote!Think about how each of the four scenarios would impact your current portfolio. How would you manage risk in each case? How and when would you take action to adapt to this new reality?

Let’s start with the most optimistic scenario, involving even more all-time highs over the next six-to-eight weeks.

Option 1: The Very Bullish Scenario

The most optimistic scenario from here would mean the Nasdaq basically continues its current trajectory. That would mean another 7-10% gain into April, the QQQ would be threatening the $500 level, and leading growth stocks would continue to lead in a big way. Nvidia’s strong earnings release fuels additional buying, and the market doesn’t much care about what the Fed says at its March meeting because life is just that good.

In this very bullish scenario, value-oriented stocks, including Industrials, Energy, and Financials, would probably move higher in this scenario, but would still probably lag the growth leadership that would pound even higher.

Dave’s Vote: 15%

Option 2: The Mildly Bullish Scenario

What if the market remains elevated, but the pace slows way down? This second scenario would mean that the Magnificent 7 stocks would take a big-time breather, and more of a leadership rotation begins to take place. Value stocks outperform as Industrials and Health Care stocks improve, but since the mega-cap growth names don’t lose too much value, our benchmarks remain pretty close to current levels.

Dave’s vote: 25%

Option 3: The Mildly Bearish Scenario

Both of the bearish scenarios would involve a pullback in leading growth names, and stocks like NVDA would quickly give back some of their recent gains. Perhaps some economic data comes in way stronger than expected, or inflation signals revert back higher, and the Fed starts reiterating the “higher for longer” approach to interest rates through 2024.

I would think of this mildly bearish scenario as meaning the QQQ remains above the first Fibonacci support level, just over $400. That level is based on the October 2023 low and also assumes that the Nasdaq doesn’t get much higher than current levels before dropping a bit. We don’t see defensive sectors like Utilities outperforming, but it’s clear that stocks are taking a serious break from the AI mania of early 2024.

Dave’s vote: 45%

Option 4: The Super Bearish Scenario

Now we get to the really scary option, where this week’s upswing ends up being a blowoff rally, and stocks flip from bullish to bearish with a sudden and surprising strength. The QQQ drops about 10-15% from current levels and retests the price gap from November 2023, which would represent a 61.8% retracement of the recent upswing. Defensive sectors outperform and investors try to find safe havens as the market tracks its traditional seasonal pattern. Perhaps gold finally breaks above $2,000 per ounce, and investors start to talk about how a break below the October 2023 low may be just the beginning of a new bearish phase.

Dave’s vote: 15%

What probabilities would you assign to each of these four scenarios? Check out the video below, and then drop a comment there for which scenario you select and why!

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 edition of StockCharts TV‘s The Final Bar, Dave drops an all-mailbag episode featuring viewer questions on the Hindenburg Omen, ascending triangle patterns, Fibonacci Retracements, projecting upside targets for stocks like NVDA, and the best technical indicator long-term investors should use!

This video originally premiered on February 23, 2024. Watch on our dedicated Final Bar page on StockCharts TV!

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

If you ran a StockCharts Gap Ups scan on Thursday, chipmaker Advanced Micro Devices (AMD) would have come up on your list. The company might have missed Q4 2023 earnings expectations (though it beat on revenue), causing it to slump, but prices bounced quickly thereafter. Fundamentally speaking, its data center and client services, especially when factoring in AI, makes AMD a fundamentally solid buy.

The gap from its post-earnings low reveals that bulls see the retest of  that low as a fundamental-based buying opportunity. But technically, is AMD a favorable buy? Let’s start with a longer-term view of AMD’s price action.

CHART 1. WEEKLY CHART OF AMD. The year-long current rally came to a halt with a two-month rectangle pattern.

The introduction of OpenAI’s ChatGPT created a turbulent environment for AMD, serving as a driving and pressuring factor to which the chipmaker’s future prospects hinged.

Perhaps this explains the company’s three-year underperformance in its own industry (semiconductors). That’s most likely due to Nvidia’s (NVDA) emergence as the top AI chipmaker following ChatGPT’s commercial debut. But, as you can see from the above weekly chart, AMD has outperformed the general tech sector (XLK) by almost 29% and the S&P 500 ($SPX) by over 55% in the same three-year period.

Reaching all-time highs in the last few months, AMD prices are bouncing within a narrow range, forming a two-month rectangle top; the last week ending with a spinning top indicating market indecision. And that state of indecision leads the stock to where it is today.

CHART 2. DAILY CHART OF AMD. There are two possible ways to trade this, depending on whether you’re looking to exploit a short-term or longer-term opportunity.

The gap that came up during the Gap Ups scan turned out to be a common gap. In short, it’s likely to get filled and is generally inconsequential (unlike a breakaway, runaway, or exhaustion gap).

Swing Trading AMD’s Rectangle Breakout

Instead, what you want to focus on is the rectangle top. Rectangle chart patterns can be bullish or bearish depending on market sentiment and the direction of the breakout. According to Thomas Bulkowski’s statistics…

Its average rise/decline stands at 51%/13%Pulling back to the breakout level (within 30 days) is 66% from the upside and 64% from the downside.Its percentage of meeting price targets is 78% on the upside and 54% on the downside.

And how are price targets measured? You’d calculate the height of the pattern (subtract the top price from the bottom price), add that figure to the top price (for an upside target) and subtract the figure from the bottom of the rectangle (for a downside target).

The top of the AMD rectangle pattern is approximately $184.90 and the bottom is approximately $162. This gives you a height of $22.90. Following the target calculation above, you get the following targets:

Note, these targets represent 100% of the measured move. Some traders might take profits at around 60% (it’s really up to the trader).

$207.80 – upside target$139.10 – downside target

The stop loss levels are relatively deep, as some traders might place stop losses on the opposite end of the rectangle breakout.

But what if you’re bullish and trying to enter a longer-term position?

Buying the Dip for a Long-Term Hold

Notice the 50-day Simple Moving Average (SMA), Kumo (Ichimoku Cloud), Money Flow Index (MFI), and the MACD.

The MFI, like a volume-weighted RSI, shows a bearish divergence and significant decline in buying pressure, giving an indication that a pullback is likely (but how deep, and whether it breaks below the rectangle, remains to be seen).The 50-day SMA and Kumo give a range of support to which you might anticipate a bullish reversal (wait for a bounce plus any indication, be it candle or volume, of strong bullish momentum).And finally, you might look for the MACD to cross the signal line to support any price event that potentially signals an upward turn.

The Bottom Line

The initial Gap Ups scan might have alerted you to a potentially bullish situation with AMD, whose fundamentals also seem favorable. But looking at the big picture on a weekly scale, you can see a wide area of congestion (which can indicate some level of market indecision) ending with a spinning top (indicating, more clearly, indecision). Rectangles can break either way. And this sense of indecision also reflects the technical vs. fundamental picture. So, as Jim Cramer would famously ask, is this an “investment” or a “trade”? Whatever you decide, the strategies for both are outlined above.