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Kelvin Kiptum, the Kenyan runner who held the marathon world record set last year in Chicago, died Sunday night in a car crash in Kenya. He was 24.

“An incredible athlete leaving an incredible legacy, we will miss him dearly,’ said World Athletics President Sebastian Coe in a statement.

Nation Africa reported Kiptum was driving a Toyota Premio in the accident that also killed his Rwandan coach Gervais Hakizimana, according to Elgeyo Marakwet Police Commander Peter Mulinge. The accident occurred at 11 p.m. (local time) Sunday.

Mulinge told the news outlet that Kiptum lost control of the vehicle, veered off the road and hit a tree. Kiptum and Hakizimana died at the scene and another passenger was taken to a hospital.

Kenyan runner Milcah Chemos confirmed Kiptum’s death to the Associated Press, saying she had gone to the hospital in Eldoret after hearing news of the crash. Chemos said the crash occurred between the towns of Eldoret and Kaptagat in western Kenya.  

Kiptum ran a blistering Chicago Marathon in 2 hours, 35 seconds on October 8, 2023, knocking 34 seconds off the world record. He won the 26.2-mile race by almost three and a half minutes, dropping his compatriot Daniel Mateiko after the 30-kilometer mark. It was just the third marathon of his career.

In April 2023, he won the London Marathon in 2:01:25, which at the time was the second-fastest marathon in the record books and a course record.

Kiptum started running at age 13 and followed local marathon runners on the trails and roads. In 2018, at age 18 he won the Eldoret Half Marathon and made his international debut the following year, running 59:54 to finish fifth at the Lisbon Half Marathon.

His marathon debut came in Valencia in 2022, where he broke away after 30K and finished in a course-record time of 2:01:53, the fastest debut in history. At the time, only Eliud Kipchoge and Kenenisa Bekele had run faster marathons.

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Israeli forces successfully rescued two Israeli hostages held in the Gaza city of Rafah, officials announced early Monday.

In a joint operation conducted overnight, the Israel Defense Forces, Israeli Securities Authority and Israeli police rescued Fernando Marman, 60, and Louis Har, 70, and evacuated them in a helicopter to the Sheba Tel Hashomer hospital inside Israel. Footage released by the IDF later showed Merman and Har hugging and embracing their families.

‘The hostages … were held captive in harsh conditions. They were intentionally held in the middle of a civilian neighborhood inside a civilian building to try to prevent us from rescuing them. But we did,’ IDF spokesman Daniel Hagari said in a video message this morning. ‘Fernando Marmon and Luis Har are now home in Israel. They have undergone medical examination and have been reunited with their families.  

‘This rescue mission underscores the importance of our ground operation in Gaza, including Rafah, when conditions allow. One hundred and thirty-four men, women, children and elderly are still being held hostage in Gaza,’ Hagari added. ‘We have a moral obligation to bring all our hostages home, and that is an obligation that we will continue doing everything – everything in our power – to fulfill.’ 

Merman and Har were kidnapped by Hamas terrorists from the Nir Yitzhak kibbutz on Oct. 7, the day Hamas launched its attack against Israel.

Forces from the IDF Navy SEALs, the Shin Bet special operations unit and the Israeli police counterterrorism unit arrived at a building in Rafah to carry out the rescue operation, according to the IDF. The operation took place at around 1 a.m. local time.

‘Fernando and Louis, welcome home,’ Israeli Prime Minister Benjamin Netanyahu said in a statement. ‘I salute our brave fighters for the daring action that led to their release. Only continued military pressure, until total victory, will bring the release of all our hostages. We will not miss any opportunity to bring them home.’

An IDF spokesperson told reporters in a briefing that the forces managed to covertly reach the building and enter the second floor before blowing up the door of the apartment with an explosive and killing the three terrorists holding the two hostages.

The IDF and Shin Bet had been working on the operation for several weeks based on intelligence, an IDF official told Axios. The Israeli Air Force conducted heavy strikes in Rafah as a diversion to allow the rescue.

The Hamas-run Ministry of Health in Gaza said dozens of Palestinians were killed in the bombardment, Al Jazeera reported.

Israeli officials notified the Biden administration of the operation following its completion, according to Axios.

As of Monday, 134 of the more than 240 hostages abducted on Oct. 7 remain in Gaza. More than 100 were freed as part of a temporary cease-fire deal in November. This includes Har’s wife, who is also Marman’s sister, and Marman’s other sister and niece.

Qatar and Egypt have been attempting to mediate a new hostage deal, but Israel and Hamas have yet to reach an agreement.

Fox News’ Greg Norman contributed to this report.

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Secretary of Defense Lloyd Austin was transferred to the critical care unit at Walter Reed National Military Medical Center Sunday night after being transported to the hospital earlier in the day.

Austin was transported to the hospital by his security detail on Sunday for symptoms suggesting an emergent bladder issue, according to a statement released by the Department of Defense from his doctors.

Following a series of tests and evaluations, Austin was admitted into the critical care unit Sunday night for supportive care and close monitoring, the statement added.

‘At this time, it is not clear how long Secretary Austin will remain hospitalized,’ the statement said. ‘The current bladder issue is not expected to change his anticipated full recovery. His cancer prognosis remains excellent. Updates on the Secretary’s condition will be provided as soon as possible.’

Austin’s powers have been temporarily transferred to Deputy Defense Secretary Kathleen Hicks as of Sunday afternoon.

The defense secretary was expected to leave Joint Base Andrews on Tuesday morning to travel to Brussels for the Ukraine Defense Contact Group on Wednesday and the NATO Defense Ministerial on Thursday.

In December, Austin was admitted to Walter Reed and underwent prostate cancer surgery. He developed an infection a week later and was readmitted to the hospital.

Hicks filled in at the time while she was on a previously scheduled leave.

President Biden, other senior administration officials and the American public were not told for days about his hospitalization or his cancer. Austin was admitted to Walter Reed on Jan.1, but the Pentagon failed to inform the public, press and Congress until Jan. 5.

Officials also acknowledged that the White House had not been informed about Austin’s hospitalization until Jan. 4.

Austin said earlier this month that he apologized directly to Biden for not giving advance notice about his hospitalization for prostate cancer treatment.

‘I want to be crystal clear. We did not handle this right and I did not handle this right,’ Austin said during a press briefing on Feb. 1, regarding his hospitalization for prostate cancer treatment. ‘I should have told the president about my cancer diagnosis. I should have also told my team and the American public, and I take full responsibility. I apologize to my teammates and to the American people.’

Fox News’ Liz Friden and Greg Wehner contributed to this report.

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Former Republican presidential candidate Vivek Ramaswamy is unveiling his endorsement criteria for other political hopefuls he dubs ‘The American Truth Pledge.’

Speaking with Fox News Digital, Ramaswamy said he has received ‘a flood of inbound requests for endorsements’ after he suspended his 2024 campaign last month and threw his support behind former President Trump. But in order for them to earn his endorsement, they must share ‘some basic ideals’ that were major themes of his presidential bid in putting ‘America First.’ 

‘I don’t want to be making these decisions in a one-off manner,’ Ramaswamy said in an interview. ‘I want to be making them in a systematic manner to say that if somebody gets endorsement, for me, it means that we are jointly endorsing some basic ideals that we stand behind.’

The ‘American Truth Pledge’ has four broad categories. The first reads ‘The people we elect to run government should actually run the government,’ the second being ‘The first and only moral duty of US leaders is to US citizens,’ the third being ‘Public service is about serving the public, not oneself,’ and the final one reading ‘The absence of national pride is an existential threat to our nation’s future — we must fill that void.’ 

Within the categories are bullet points of things Ramaswamy campaigned on like reducing the size of the federal government by 75% and backing a requirement for high school seniors to pass a civics test in order for them to vote. 

‘If people are on board with the planks of a lot of the vision of what I shared across my campaign for president, that’s going to be the basis for the endorsements that I make,’ Ramaswamy said. 

He continued, ‘And so when I do endorse people in races across this country, large and small, that way people across this country can know what that means. It’s not just that I have a pal or a friend who I think is a good guy or gal. It means that we stand for a shared set of ideals, by the way, which happened to be the ideals that this country was founded on in 1776.’

The biotech entrepreneur defied expectations when he first joined the race in February 2023 with virtually zero name recognition, outlasting big name Republicans like South Carolina Sen. Tim Scott, former New Jersey Gov. Chris Christie and former Vice President Mike Pence. 

Ramaswamy suspended his campaign following a disappointing performance at the Iowa caucus and quickly endorsed the GOP frontrunner. 

During a campaign rally last month, Trump teased a potential role for Ramaswamy on his team.

‘He’s going to be working with us and he’ll be working with us for a long time,’ Trump told his supporters. 

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The Judicial Crisis Network (JCN), a conservative judicial advocacy organization based in the nation’s capital, is rolling out a digital ad campaign against one of President Biden’s controversial nominees who has alleged ties to 9/11 hijacker sympathizers.

The advertising campaign from JCN – slated to run in Pennsylvania, Montana and Washington, D.C. – consists of an initial buy of $50,000 and specifically targets Adeel Abdullah Mangi, who was recently nominated by Biden to be a judge on the U.S. Court of Appeals for the Third Circuit.

The ads appearing in Pennsylvania and Montana urge Sens. Jon Tester, D-Mont., and Bob Casey, D-Pa., to vote ‘no’ on Mangi’s nomination to a lifetime appointment on the federal court and accuse the judicial nominee of being an ‘antisemite’ who is far too ‘extreme.’

‘President Biden wants to remake the courts with the most extreme judges he can find,’ the narrator states in the ad. ‘But antisemite Adeel Mangi might be the worst of all.’

The ad goes on to highlight Mangi’s tenure as a member of the board of advisers for the Center for Security, Race, and Rights at Rutgers Law School from 2019 to 2023.

JCN said the ‘extremist organization’ Mangi was affiliated with ‘teaches students to hate Israel, to hate America, and to support global terrorism.’

‘Mangi’s organization blamed America for the Sept. 11 terror attacks and has hosted speakers with terrorist connections, including a convicted terrorist,’ the narrator continued. ‘Mangi’s organization even blamed Israel for the Hamas terror attack on Oct. 7. When Mangi was given opportunities to condemn these hateful views, he refused to do so.’

JCN president Carrie Severino blasted Mangi’s ties to the ‘radical, antisemitic group’ in a statement to Fox News Digital.

‘It is bad enough that President Biden has appointed activist judges who can’t identify major constitutional provisions and are hostile to law enforcement. But now Biden wants to give a life-tenure judicial position to a lawyer with ties to a radical, antisemitic group that blames the United States for 9/11 and teaches students to hate Israel and America,’ she said.

‘In a time when antisemitism is on the rise, how can alleged moderates like Sens. Jon Tester and Bob Casey rubber stamp this kind of nominee for life tenure? There is no place on the Third Circuit for this disdain of our nation’s principles and the rule of law,’ Severino added. ‘Senate Democrats should be ashamed of their support for Adeel Mangi and President Biden should promptly withdraw his nomination.’

Since being nominated, Mangi has garnered significant criticism from GOP lawmakers for his personal and financial affiliation with the university research center that has been accused of giving a platform to ‘terrorist sympathizers.’

Last week, Senate Judiciary Committee Republicans announced they are investigating the funding of the center and insisted its ‘platforming of radical ideologues’ was ‘troublesome.’

‘The work of the Center, its promotion of terrorist sympathizers, and its platforming of radical ideologues is troubling to us as members of the Senate Judiciary Committee,’ Republicans on the committee said in a joint statement.

The center, according to members of the committee, co-sponsored an event titled ‘Whose Narrative? 20 Years since September 11, 2001’ on the 20th anniversary of the 9/11 attacks.

Additionally, members of the committee noted that the center hosted an event titled ‘Psychoanalysis Under Occupation: Practicing Resistance in Palestine’ three days after the Oct. 7 massacre of Israelis by Hamas militants. Center faculty affiliate Dr. Lara Sheehi opened the talk by saying, ‘Zionist settler colonialism is a structure that is the provocation,’ according to the committee.

The center also held a December 2023 event titled ‘The West, Israel and Settler Colonization of Palestine’ with Professor Joseph Massad, who lauded the Oct. 7 massacre in ‘jubilant’ terms in an article that was published one day after Hamas invaded Israel.

Massad wrote at the time, ‘No less awesome were the scenes witnessed by millions of jubilant Arabs who spent the day watching the news, of Palestinian fighters from Gaza breaking through Israel’s prison fence or gliding over it by air.… No less striking was the capture of some of Israel’s colonial soldiers and officers in their underwear while sleeping.’

Mangi’s nomination and affiliation with the center has also raised concerns from 10 House Republicans who represent districts over which the Third Circuit Court of Appeals presides.

Chief Deputy Whip Guy Reschenthaler, R-Pa., and nine of his colleagues from Pennsylvania and New Jersey raised ‘grave concerns’ over Mangi’s nomination in a letter to Biden last month.

The center has a ‘deep history of amplifying antisemitic speech, terrorist propaganda, and anti-American rhetoric,’ the lawmakers said in the letter.

‘During his tenure as a board member, the Center supported efforts to delegitimize the State of Israel by pushing for the boycott, divestment, and sanction (BDS) movement and calling for resistance in Palestine,’ they wrote. ‘In 2021, the CEO of the Jewish Federation of Northern New Jersey stated that one of the Center’s events sought to ‘delegitimize Israel and to push their antisemitic agenda into a mainstream discourse.’ The Jewish News Center, among other organizations, labeled a 2021 center event as ‘pro-Hamas’ and a ‘terrorist-whitewashing webinar.’’

Like their Senate colleagues, the GOP House lawmakers also said the center has a record of sympathizing with radical terrorist organizations and pointed to the 9/11 anniversary event it hosted

The Republicans informed the president that Sami Al-Arian, a convicted felon who provided support to the Palestinian Islamic Jihad (PIJ), was a featured speaker. At the event, Al-Arian blamed the 9/11 attack on the U.S. and its support for Israel.

‘As your Administration is aware, PIJ is a foreign terrorist organization and was involved in the atrocities committed against Israel on October 7, 2023,’ they wrote.

The lawmakers went on to argue that ‘while Mr. Mangi’s affiliation and financial support for the Center is cause for alarm, we also find it deeply troubling that he has failed to denounce the Center and its radical ideology.’

‘On numerous occasions in front of the Senate Judiciary Committee, Mr. Mangi was given ample opportunity to denounce examples of antisemitic rhetoric espoused by the Center,’ they said. ‘He failed to do so in his written responses and oral testimony to the committee every single time.’

Mangi advanced out of the committee on an 11-10 party-line vote. His nomination now awaits a vote by the full Senate.

Last month, White House spokesperson Andrew Bates told Fox News Digital that ‘President Biden is deeply proud’ to have nominated Mangi, calling him ‘an indisputably qualified and experienced attorney who has lived the American dream and is devoted to our Constitution and the rule of law.’

He called the Republicans’ criticisms ‘vile, unconscionable smears,’ noting that they have ‘been discredited by the Anti-Defamation League, the American Jewish Committee, and the American Association of Jewish Lawyers and Jurists, among many others.’

Bates also accused the GOP lawmakers of applying a ‘religious litmus test,’ targeting Mangi for his Muslim faith – which, he noted, the Constitution ‘forbids.’

Mangi, a New Jersey resident and partner at the law firm Patterson Belknap Webb & Tyler, has been praised by Democrats for possibly being the nation’s first Muslim American federal appellate judge.

‘Mangi is a standout figure in New Jersey’s legal landscape. It speaks volumes that his exceptional legal abilities are only exceeded by his character and unwavering commitment to fairness in the administration of justice,’ Sen. Cory Booker, D-N.J., said in a statement last month.

The Coalition for Jewish Values, the Zionist Organization of America, Americans Against Antisemitism and others have opposed Mangi’s nomination.

Fox News’ Brianna Herlihy contributed to this report.

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A controversial Chinese official continued his United States college campus tour earlier this month visiting two more universities despite his previous comments praising the CCP and denying an alleged Uyghur genocide in China.

‘An in-depth conversation on China’s economy and China-US relations with future business leaders from the Baruch College,’ Huang Ping, consul general of the People’s Republic of China in New York, recently posted on X during a visit to Baruch College.

‘You guys are awesome and the questions are pointed. Looking forward to many more! May you continue to shine brightly in your academic and career pursuits!’

That same day, Ping posted photos from a visit with officials at Northeastern University.

‘It was such a wonderful meeting with the senior leadership of the Northeastern University,’ Ping posted. ‘I was impressed by NEU’s international strategy and its thoughtful arrangement for the Chinese students. NEU is more than welcome to participate in Youth Envoys Scholarship to visit China!’

Days earlier, Ping was at Boston University meeting with the school’s ‘leadership team.’

‘Looking forward to further strengthening BU’s cooperation with China, and welcome more BUers to visit China for study and exchange,’ Ping wrote on X.

Ping has showed up at several universities and meetings with officials in the media and politics over the past year despite previously praising the CCP and denying allegations of genocide against China’s Uyghur Muslim population.

‘There are lots of lies here, fabricated by some people with their own political agenda,’ Huang said in an August 2021 interview, denying the existence of genocide and internment camps targeting Uyghurs. ‘As I said, there’s no genocide, not a single evidence to prove that there’s a genocide or something there. It’s just a slandering.’

Ping described the centers where Uyghurs are being held as educational.

‘I see these centers as a campus, rather than camps,’ Ping said. ‘We get these people there to be educated. And this has been quite effective in terms of countering terrorism and in de-radicalization. Up to now, there has not been a single terrorist attack in exactly four years.’

In addition to praising the CCP, Ping has repeatedly promoted CCP talking points on his X, formerly known as Twitter, account and amplifies the agenda of Chinese President Xi Jinping.

Fox News Digital reached out to Boston University and Baruch College for more information on why these meetings took place but did not receive a response.

‘Northeastern is a global research university with students and faculty from around the world,’ a Northeastern University spokesperson told Fox News Digital. ‘We regularly meet with ambassadors and consulates of many nations as part of advancing our mission.’

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A super PAC aligned with independent presidential candidate Robert Kennedy Jr. dropped a surprise commercial during the Super Bowl on Sunday, eliciting mixed reactions from viewers. 

American Values 2024 ran the 30-second ad for $7 million. The clip is a throwback to an ad used by his uncle, former President John F. Kennedy, in the 1960 presidential campaign. 

The ad, replacing JFK’s face with that of RFK Jr., implores viewers to ‘Vote Independent.’ 

‘The panicked DC power brokers are working overtime to keep Kennedy off the ballot because they know he can and will end their culture of greed and corruption,’ American Values 2024 co-founder Tony Lyons said in a statement provided to Fox News Digital.  

‘They offer us soaring inflation, forever wars, and chronic disease. RFK Jr. offers us real change along with freedom, trust and hope. Like his uncle and his father, Kennedy is a corruption fighter, and it’s no wonder the DNC is trying every old trick and inventing new tricks to stop him.  The public sees through it all and won’t stand for it.’ 

Google Trends showed searches for RFK Jr. skyrocketing after the ad aired. 

The ad elicited mixed reactions. One X user implored ‘Robert’ not to ‘give us this during the halftime.’ To which someone responded: ‘This commercial is better than the halftime performance.’ 

Another X user wrote they were ‘struggling to process how this makes me feel in awe of who we used to be as a country and as a people, while also feeling sick at who we have become and how far we’ve strayed.’ 

The ad comes after the Democratic National Committee (DNC) on Friday accused RFK Jr.’s presidential campaign of illegally coordinating with American Values 2024. 

The DNC filed a complaint with the Federal Elections Commission (FEC), alleging that Kennedy’s campaign received $15 million worth of unlawful in-kind contributions from the super PAC to help him secure ballot access as an independent candidate in several states.

‘Robert F. Kennedy Jr.’s campaign is flouting campaign finance law by outsourcing a critical campaign function —  the collection of signatures required to appear on the ballot – to an outside Super PAC that is funded by Donald Trump’s top donor this cycle. This scheme between American Values 2024 and Robert F. Kennedy Jr.’s campaign requires significant — and plainly illegal — coordination, to the tune of a $15 million in-kind contribution’ DNC senior adviser Mary Beth Cahill said in a statement. 

A Kennedy campaign spokesperson told Fox the allegations were a ‘nonissue being raised by a partisan political entity that seems to be increasingly concerned with its own candidate and viability.’ 

Kennedy initially sought to challenge President Biden in the 2024 Democratic presidential primary, but the DNC said it would not hold primary debates and stood behind the incumbent president.

He declared himself as an independent candidate in October and has seen support in polls from a sizable number of Democrats — and even some Republicans.

Fox News’ Chris Pandolfo contributed to this report.

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The White House’s top national security spokesperson, John Kirby, is being promoted to an expanded role that puts him in charge of coordinating communications across several agencies.

A U.S. official said Kirby’s new title will be White House national security advisor, elevating him from deputy assistant, up to assistant to the president.

In the new role, Kirby will direct a small team, separate from the National Security Council’s press office.

He will also be in charge of coordinating communications for national security for several agencies.

Kirby’s frequent presence at the podium during White House press briefings with press secretary Karine Jean-Pierre ever since Hamas-led terrorists invaded Israel on Oct. 7 has made him one of the most visible faces of the Biden administration.

Despite the new role, he will continue to make appearances in the briefing room at times when national security is the dominant theme of the day, the official said.

‘Admiral Kirby’s decades of high level national security experience and his clear, strategic insights make him a deeply valued communicator and adviser on this team,’ Anita Dunn, senior adviser to President Biden said. ‘President Biden is proud to have John leading national security message coordination across the administration as we continue to make a forceful case for our national security interests at home and in the world.’

The retired U.S. Navy admiral became the National Security Council’s coordinator for strategic communications in 2022, after being brought over from the Pentagon, where he served as Assistant to the Secretary of Defense for Public Affairs starting in January 2021.

Kirby served in uniform for over 28 years before retiring in 2015 as a Rear Admiral in the Navy.

After retiring, he served at the Department of State as the Assistant Secretary for the Bureau of Public Affairs from December 2015 to January 2017, as well as the State Department’s spokesperson from May 2015 to January 2017.

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Defense Secretary Lloyd Austin is back in the hospital at Walter Reed for an ’emergent bladder issue,’ and has transferred his powers to the deputy defense secretary, according to Pentagon officials.

Pentagon Press Secretary Maj. Gen. Patrick S. Ryder confirmed Austin was at Walter Reed National Military Medical Center, adding that the deputy defense secretary, joint chiefs of staff, White House and Congress have all been notified.

In a statement, Ryder said Austin was transported by his security detail to Walter Reed at about 2:20 p.m. on Sunday, adding that he is retaining the functions and duties of his office.

‘The Deputy Secretary is prepared to assume the functions and duties of the Secretary of Defense, if required,’ the statement read. ‘Secretary Austin traveled to the hospital with the unclassified and classified communications systems necessary to perform his duties.’

But just before 5 p.m., those duties and functions were transferred to Deputy Secretary of Defense Kathleen Hicks, Ryder later said.

Austin was expected to leave Joint Base Andrews on Tuesday morning to travel to Brussels for the Ukraine Defense Contact Group on Wednesday and the NATO Defense Ministerial on Thursday.

It is too soon to tell if Austin will be able to travel, a senior U.S. defense official said, adding his doctors are assessing the secretary’s condition.

In December, Austin was admitted to Walter Reed and underwent prostate cancer surgery. He developed an infection a week later and was readmitted to the hospital.

 

President Biden and other senior administration officials were not told for days about his hospitalization or his cancer.

Despite being admitted to Walter Reed on Jan.1, the Pentagon didn’t inform the public, press or Congress until Jan. 5. 

Officials also acknowledged that the White House had not been informed about Austin’s hospitalization until Jan. 4. 

On Feb. 1, Austin said he apologized directly to President Biden for not giving advance notice about his hospitalization for prostate cancer treatment.

‘I want to be crystal clear. We did not handle this right and I did not handle this right,’ Austin said during a press briefing on Feb. 1, regarding his previous hospitalization. ‘I should have told the president about my cancer diagnosis. I should have also told my team and the American public, and I take full responsibility. I apologize to my teammates and to the American people.’

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Earnings and interest rates are always the key drivers to stock market success. There may be other short-term factors that influence price action, but, at the end of the day, rising earnings and interest rates conducive to job and economic growth is what results in secular bull markets.

Organize Your Trading Candidates With ChartLists

While I follow interest rates very closely and consider them when evaluating likely future market direction, it’s really the earnings reports that we follow most closely at EarningsBeats.com. Q4 earnings are not yet complete, but most of the very influential companies in the Dow Jones, S&P 500, and NASDAQ have reported. Our research, including earnings research, is organized into many ChartLists, which I briefly describe below:

Strong Earnings (SECL): companies beating both revenue and EPS estimates and meeting other liquidity and performance filters. I view it as a list of companies demonstrating high quality technicals and fundamentals. It’s the ChartList that I trade from most frequently.Strong Future Earnings (SFECL): companies that show excellent relative strength (high SCTR scores) and adequate liquidity that are not already on the SECL. I think of it as a list of excellent companies that simply weren’t able to beat estimates in their prior quarter, but who are trading as though they may do so in the quarter ahead.Strong AD (SADCL): companies showing excellent relative strength (high SCTR scores), adequate liquidity, and rising AD (accumulation/distribution, not advance/decline) lines. The AD lines IGNORES opening gaps and focuses only on price action during the day, with volume being the multiplier. Companies on this ChartList are companies that tend to trade higher into the close, suggesting morning weakness might be bought.Raised Guidance (RGCL): companies that, as the name would suggest, raise guidance – either revenues, EPS, or both. I like management teams that feel confident in their business and raise guidance throughout the quarter.Bullish Trifecta (BTCL): companies that are common to the SECL, SADCL, and RGCL. These companies have produced strong quarterly results, have raised guidance, and show possible accumulation by big Wall Street firms.Earnings AD (EADCL): companies that gain AT LEAST 5% from the opening bell to the closing bell on the day after earnings are reported. I then review every one of these companies and provide my Top 30 – companies that I really want to consider trading in the days and weeks ahead.Short Squeeze (SSCL): companies whose float is heavily shorted. We track those companies with short percentage of float in excess of 20%. High short interest can trigger massive short squeeze rallies.Seasonality (SEASCL): companies that have a history of performing well during certain calendar months.Portfolio ChartLists: every quarter, we provide a list of companies that we “draft” into our 4 portfolios – Model Portfolio, Aggressive Portfolio, Income Portfolio, and Model ETF Portfolio.Relative Strength Industry Groups (RSICL): This is an exclusive ChartList for our annual members that tracks the relative strength of every industry group over the past few years. Trading leading stocks in leading industry groups is how you beat the S&P 500 and this ChartList provides us those leading industry groups.

There are other ChartLists that we create from time to time, but you can see from the above that our research is broad and provides a TON of great information for our members on a regular basis. But before trading anything, it makes sense to evaluate the current state of the market. Is the current rally sustainable?

S&P 500: Is the Current Rally Sustainable?

I say yes. Sure, we’ll have some pullbacks along the way, but right now money is flowing into aggressive areas of the market and that “risk on” environment bodes well for higher prices ahead. Check out this S&P 500 chart with several key “sustainability” ratios in the panels below the S&P 500 price chart:

Is this not obvious? Money continues to POUR INTO aggressive areas. The 6 sustainability ratios above can be summarized as follows:

QQQ:SPY – NASDAQ 100 performance vs. S&P 500 performance. The NASDAQ 100 is a much more aggressive index, focusing almost solely on high growth large cap stocks.XLY:XLP – consumer discretionary vs. consumer staples. Two-thirds of our GDP is consumer spending. It just makes sense to see which area of consumer spending, aggressive discretionary vs. defensive staples, Wall Street is favoring. That tells us what the big Wall Street firms are expecting in the months ahead.IWF:IWD – large cap growth vs. large cap value.$DJUSGL:$DJUSVL – another measure of large cap growth vs. large cap value$DJUSGM:$DJUSVM – mid cap growth vs. mid cap value$DJUSGS:$DJUSVS – small cap growth vs. small cap value

Every one of my aggressive vs. defensive ratios is climbing. Personally, I love all the pessimists out there constantly trying to tear apart this bull market. The problem is that many analysts are trying to handpick one or two SECONDARY indicators to determine market direction, which is absolutely wrong in my opinion. We remain extremely bullish if we look at the primary indicator, which is price and volume. Sentiment does a great job of marking market tops and bottoms and my favorite sentiment signal is the equity only put call ratio ($CPCE).

Sentiment Paving The Path To Higher Prices….For Now

Despite the nearly straight-up move that we’ve seen on our major indices since late-October, there is little complacency in the options world. Over the past 11 years, or approximately the duration of this entire secular bull market, the average daily CPCE reading has been in the .60-.65 range. Readings higher than this show an unusually heavy dose of equity put buyers (which coincides with market bottoms or approaching market bottoms), while lower readings suggest an unusually heavy dose of equity call buyers (which coincides with market tops or approaching market tops). While action has been mostly bullish in 2024, the average CPCE reading in 2024 has been .65 – a far cry from the 5-day average readings of .55 and below that typically mark market tops. Check this out:

Those red arrows highlight the very low 5-day CPCE readings and show you where the S&P 500 was at roughly the same time. After reviewing this chart, I’d quickly conclude that this rally may continue until we see options traders start pouring into equity calls. Friday’s CPCE reading was 0.48. If the S&P 500 continues higher through much of next week, it’s possible we could finally get a 5-day CPCE reading below .55 to mark a top. Friday’s 0.48 reading was a good start. Keep an eye on this throughout next week.

What Stocks Are Likely To Lead The Next Market Surge

Well, I believe our Earnings AD ChartList (EADCL) will hold the key. Again, this ChartList comprises 30 names that performed exceptionally well the day after its earnings were released as new fundamental information started to be priced in. I expect many of them to perform very well in the weeks ahead. Most of the companies on this ChartList are leaders among their peers. But others might just be getting started. Let me give you 1 of the 30 stocks featured, and one that might fit this description of just getting started – Allegro Microsystems (ALGM), a $6.1 billion semiconductor company:

ALGM’s relative strength vs. its semiconductors peers has been awful. But is it just starting to reverse higher? The AD line began strengthening a few months ago at the initial bottom and, on Friday, ALGM finally broke above a triple top. Notice that volume that accompanied the post-earnings run. We never have any guarantees of future price direction, but I’d certainly say that ALGM has my attention and is a stock that I’ll be watching as this could be the start of a very powerful advance.

In tomorrow’s EB Digest, our FREE newsletter, I’ll be providing everyone a link to our ENTIRE Earnings AD ChartList. If you’re a StockCharts.com Extra or Pro member, you can download this ChartList right into your SC account. Otherwise, you can view all 30 charts to see which stocks could be our leaders in 2024. If you’re not already a FREE EB Digest subscriber, it’s easy to get started. Simply CLICK HERE and provide us your name and email address and we’ll be happy to send you that Earnings AD ChartList in our Monday EB Digest newsletter. There is no credit card required and you can unsubscribe at any time.

Happy trading!

Tom