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Alibaba.com is one of the world’s largest wholesale marketplaces.

To be honest, I had never gone to their website until today, even though we bought shares in BABA 2 weeks ago. So, in case you are like me and have not checked them out, they sell a lot of consumer items in bulk. 

And they also sell pretty much everything. For instance, if you want a 1000w off-grid wind power Free Energy System for your home or business, you can get one and find an online description of the supplier, including their annual revenue. Plus, if you want them in bulk, you can order 1000 sets at a reduced price.

BABA has proven controversial a lot, most recently with a lawsuit settlement on monopolistic practices. However, the impact on their revenues is nominal and, in fact, could be a plus, as the company’s stock price trades at just 8x net profits.

Anyway, China overall, has had no shortage of bad press. Yet, before we learned Jack Ma and others bought up to $200 million of BABA stock, the stock looked and still looks appealing to us. If one is looking to be a contrarian to all the bad press, then BABA is a company with solid fundamentals.

Hence, the charts are in focus.

There are a few technical aspects we like to focus on that stand out in the Daily chart.

The new 60+ day low followed by a gap higher leaving a potential long term bottom.That gap up also reversed the price below the January 6-month calendar range.Although it continues to underperform the benchmark, it is nearly on par.Real Motion has a bullish divergence, in that momentum is above the 50-DMA while price trades just below its 50-DMA.Relative to the China ETFs KWEB and FXI, BABA is doing better.

Now looking ahead:

The 6-month calendar range is support and should hold, while the recent lows is the optimal risk point.The 50-DMA needs to clear and confirm as a phase change to recuperation.The January 6-month calendar range high, at 76.69, is another key area to clear.

On these types of trades, risk is extremely important. Finding bottoms is a tricky trade, but when done right, can have huge payouts.

Finally, BABA reports earnings pre-US market opening on February 7th.

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

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

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

Mish in the Media

In this video from CMC Markets, Mish looks at a selection of popular instruments, outlining their possible directions of travel.

Mish is a favorite guest in Singapore, where she gets to discuss the macro and how to think about investing in the big picture. In this short clip from Breakfast Bites, Mish talks TSLA.

In this video from Stockpick, Jillian Glickman and Mish discuss economic outlook and current investment picks plus forecasts on inflation

Mish and Dale Pinkert discuss the equities and futures markets and how she and MarketGauge are positioned right now in this FXTrader interview.

In this video from CMC Markets, Mish looks at a selection of popular instruments ahead of today’s US Q4 GDP announcement, outlining their possible directions of travel.

Mish makes up a new ETF (not real) called VAIN, but really discusses the basket of stocks that are worth watching in this appearance on Yahoo! Finance.

Mish discusses Alibaba and how the rumors of China’s impending demise might be a bit exaggerated on Business First AM.

Mish talks all about retail and stock pick Abbvie (ABBV) on Business First AM.

Nicole Petallides and Mish dig deep into trends and stocks to watch for next big moves, as we are in full January trend mode on this video from Schwab Network.

On the Monday, January 22 episode of Your Daily Fivefrom StockCharts TV, Mish sees the potential for consumers to spend more money, from self-help to dieting, to makeup to skincare to fashion — pointing out several relevant stocks and how to trade them.

Mish looks at a selection of popular instruments in this video from CMC Markets, outlining their possible directions of travel.

Mish joins Jason Perz on the Against All Odds playlist, where she covers it all talking the mental game of trading, commodities, futures, equities, technical analysis, and macro.

Mish’s Market Minute on StockCharts TV returns, all new! Mish and Geoff Bysshe share how the powerful “Calendar Range” StockChartsACP plugin tells you who and what to believe, when to act, and what to trade. The new year is a big “reset” emotionally, and January sets the tone for the next six months AND the year. Every month is “like an inning in baseball,” financial reports focus on quarters, but analysts think in terms of the first half and second half of the year. How can you harness this knowledge to your benefit? Watch to find out!

Coming Up:

January 30: Breakfast Bites, Singapore Radio & Live in the Market Coaching CMC Markets & CNA Asia First

February 2: Benzinga Pre-Market Show

February 5: Money Show Life with Chuck Jaffe

February 21-23: The Money Show in Las Vegas

February 29: Yahoo! Finance & Your Daily Five, StockCharts TV

Weekly: Business First AM, CMC Markets

ETF Summary

S&P 500 (SPY): 480 now the pivotal zone.Russell 2000 (IWM): 195 pivotal, 190 support to hold.Dow (DIA): 375 support.Nasdaq (QQQ): 415 support.Regional Banks (KRE): 50 key to hold.Semiconductors (SMH): 184 support.Transportation (IYT): 262 now pivotal.Biotechnology (IBB): 135 pivotal.Retail (XRT): Flirting with 70, which has to clear and hold to stay very bullish.

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

In this edition of StockCharts TV‘s The Final Bar, Dave tracks the S&P 500 as it pushes to a new high above 4900, while the McClellan Oscillator rotates to a bullish reading. He breaks down earnings plays this week, including XOM, MSFT, and more.

This video originally premiered on January 29, 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’re one of the millions of consumers joyfully sharing your life with someone right now, the National Retail Federation thinks you’re really going to show it this Valentine’s Day.

The organization projects total spending on significant others is set to reach a record  $14.2 billion this year.

And while inflation has affected a host of categories across the economy in recent years, the projected higher spending is not necessarily the result of higher prices.

Instead, American consumers are reprioritizing how they are spending, and who they are spending on.

In years past, shoppers may have also purchased Valentine’s Day gifts to commemorate platonic relationships with their children’s teachers or close friends, they are less likely to do that this time around, according to the National Retail Federation.

‘People are normalizing their Valentine’s spending when it comes to what they purchase for non-romantic relationships in their lives,’ said Katherine Cullen, NRF vice president for industry and consumer insights. ‘They’re getting back to the true purpose of celebrating romantic relationships.’

Where are people planning to open their pocketbooks most for Valentine’s 2024? The NRF expects record spending for jewelry, flowers, clothing and an evening out.

Cullen said many consumers are still feeling comfortable financially as the rate of inflation has eased and unemployment remains low.

Still, they are ultimately going to be somewhat more choosy than in the immediate post-pandemic period as they ‘rotate their wallets’ toward more important areas of their lives.

‘The focus is now on significant others,’ Cullen said.

This post appeared first on NBC NEWS

iRobot said Monday that a planned deal to be acquired by Amazon would not go through, a development that led the Roomba floor vacuum maker to announce it would now lay off 31% of its staff.

In a release, the two companies said the European Union was poised to block the deal and that there was ‘no path to regulatory approval,’ news that was first reported earlier this month by the Wall Street Journal.

The breakup has prompted the resignation of iRobot chairman and CEO Colin Angle.

The planned acquisition was first announced in August 2022 and would have valued Massachusetts-based iRobot at some $1.7 billion.

Instead, iRobot shares were down as much as 19% in Monday trading.

iRobot said Monday it will now pivot its focus away from “non-floorcare” products like air purifiers and lawn mowers.

In November, EU regulators said they feared a deal with Amazon would restrict competition in the robot vacuum market because the e-commerce giant could potentially block other firms from selling on its website. The Journal also reported Amazon missed a deadline to submit a response to these concerns.

‘Mergers and acquisitions like this help companies like iRobot better compete in the global marketplace, particularly against companies, and from countries, that aren’t subject to the same regulatory requirements in fast-moving technology segments like robotics,’ an Amazon executive said in the Monday statement.

‘Undue and disproportionate regulatory hurdles discourage entrepreneurs, who should be able to see acquisition as one path to success, and that hurts both consumers and competition—the very things that regulators say they’re trying to protect.” 

This post appeared first on NBC NEWS

iRobot said Monday that a planned deal to be acquired by Amazon would not go through, a development that led the Roomba floor vacuum maker to announce it would now lay off 31% of its staff.

In a release, the two companies said the European Union was poised to block the deal and that there was ‘no path to regulatory approval,’ news that was first reported earlier this month by the Wall Street Journal.

The breakup has prompted the resignation of iRobot chairman and CEO Colin Angle.

The planned acquisition was first announced in August 2022 and would have valued Massachusetts-based iRobot at some $1.7 billion.

Instead, iRobot shares were down as much as 19% in Monday trading.

iRobot said Monday it will now pivot its focus away from “non-floorcare” products like air purifiers and lawn mowers.

In November, EU regulators said they feared a deal with Amazon would restrict competition in the robot vacuum market because the e-commerce giant could potentially block other firms from selling on its website. The Journal also reported Amazon missed a deadline to submit a response to these concerns.

‘Mergers and acquisitions like this help companies like iRobot better compete in the global marketplace, particularly against companies, and from countries, that aren’t subject to the same regulatory requirements in fast-moving technology segments like robotics,’ an Amazon executive said in the Monday statement.

‘Undue and disproportionate regulatory hurdles discourage entrepreneurs, who should be able to see acquisition as one path to success, and that hurts both consumers and competition—the very things that regulators say they’re trying to protect.” 

This post appeared first on NBC NEWS

Alaska Airlines and United Airlines have both confirmed plans to return their fleet of Boeing 737 Max 9 planes to service in the wake of a near-disaster that saw a door panel on an Alaska jet carrying 177 people blow out midair.

In its latest earnings report released Thursday morning, Alaska Airlines said it is preparing to complete inspections on all of its 737 Max 9 aircraft, and that each aircraft would be returned to service after its inspection had been completed and any findings resolved.

CNBC reported Thursday that Alaska Airlines indicated that Max 9 flights would resume as early as Friday, after the Federal Aviation Administration approved final inspection instructions late Wednesday that were required to return the planes to service.

United Airlines, the other major carrier that flies Max 9 jets, said Thursday that it will return the planes to service by next week.

The FAA grounded all Max 9s one day after the near-disaster over Portland, Oregon, on Jan. 5.

Alaska Airlines Flight 1282.Obtained by NBC affiliate KGW
The door plug from Alaska Airlines Flight 1282 is recovered Jan. 8 in Portland, Ore. National Transportation Safety Board via AP

Alaska Airlines’ schedule has remained beset by cancellations ever since; 20% of its fleet is composed of Max 9 planes. On Thursday, 22% of its flights remained canceled, according to data from FlightAware.

In an exclusive interview with NBC News senior correspondent Tom Costello, Alaska Airlines CEO Ben Minicucci said the company has sent its own audit team to assist with Boeing’s inspections of its aircraft to ensure quality and safety.

‘There’s no doubt that Alaska received an airplane off the production line with a faulty door,’ he said.

The Seattle Times reported Wednesday that the faulty door panel appeared to have been produced at the company’s Renton, Washington, facility and not — contrary to earlier reports — the responsibility of a third-party firm based in Malaysia.

The future of Boeing’s entire Max production expansion is less clear after the FAA put the company’s planned production increases on ice.

‘This won’t be back to business as usual for Boeing,’ FAA Administrator Mike Whitaker said in a statement. ‘We will not agree to any request from Boeing for an expansion in production or approve additional production lines for the 737 Max until we are satisfied that the quality control issues uncovered during this process are resolved.”

Boeing shares have fallen 20% since the early-January incident.

This post appeared first on NBC NEWS

Alaska Airlines and United Airlines have both confirmed plans to return their fleet of Boeing 737 Max 9 planes to service in the wake of a near-disaster that saw a door panel on an Alaska jet carrying 177 people blow out midair.

In its latest earnings report released Thursday morning, Alaska Airlines said it is preparing to complete inspections on all of its 737 Max 9 aircraft, and that each aircraft would be returned to service after its inspection had been completed and any findings resolved.

CNBC reported Thursday that Alaska Airlines indicated that Max 9 flights would resume as early as Friday, after the Federal Aviation Administration approved final inspection instructions late Wednesday that were required to return the planes to service.

United Airlines, the other major carrier that flies Max 9 jets, said Thursday that it will return the planes to service by next week.

The FAA grounded all Max 9s one day after the near-disaster over Portland, Oregon, on Jan. 5.

Alaska Airlines Flight 1282.Obtained by NBC affiliate KGW
The door plug from Alaska Airlines Flight 1282 is recovered Jan. 8 in Portland, Ore. National Transportation Safety Board via AP

Alaska Airlines’ schedule has remained beset by cancellations ever since; 20% of its fleet is composed of Max 9 planes. On Thursday, 22% of its flights remained canceled, according to data from FlightAware.

In an exclusive interview with NBC News senior correspondent Tom Costello, Alaska Airlines CEO Ben Minicucci said the company has sent its own audit team to assist with Boeing’s inspections of its aircraft to ensure quality and safety.

‘There’s no doubt that Alaska received an airplane off the production line with a faulty door,’ he said.

The Seattle Times reported Wednesday that the faulty door panel appeared to have been produced at the company’s Renton, Washington, facility and not — contrary to earlier reports — the responsibility of a third-party firm based in Malaysia.

The future of Boeing’s entire Max production expansion is less clear after the FAA put the company’s planned production increases on ice.

‘This won’t be back to business as usual for Boeing,’ FAA Administrator Mike Whitaker said in a statement. ‘We will not agree to any request from Boeing for an expansion in production or approve additional production lines for the 737 Max until we are satisfied that the quality control issues uncovered during this process are resolved.”

Boeing shares have fallen 20% since the early-January incident.

This post appeared first on NBC NEWS

SANTA CLARA, Calif. — Poor Detroit.

It’s one thing to lose a game, even a championship tilt that had so much promise.

What a gigantic tease and … epic collapse.

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Instead, the 49ers stormed back to match the biggest comeback victory in NFC championship game history and claimed a berth in Super Bowl 58 for a Super rematch against the Kansas City Chiefs. Whew.

Grit, meanwhile, took a serious punch to the gut.

‘You feel like you got your heart ripped out,’ Lions coach Dan Campbell lamented.

Campbell knows. As much as the top-seeded 49ers demonstrated tremendous resilience to finally claim a Super Bowl berth after losing in the previous two NFC title games — and a week after barely surviving against the Green Bay Packers in the NFC divisional playoffs — this one felt more like a big, fat, ugly Lions loss.

I mean, how does a team rush for 148 yards in the first half — more than the Kyle Shanahan-coached 49ers have allowed in an entire game — and still lose?

How does a team with all of those weapons get shut out for all but the final minute of the second half when a Super Bowl berth is at stake?

In many ways, it was so Detroit. For all that has changed with the culture under Campbell, the Lions reverted back to the disappointing team that longtime followers had hoped was a thing of the past.

Campbell insisted otherwise.

‘That’s not like us,’ he said. ‘We had plays to be made that we just didn’t make (like) we normally do.’

Anatomy of Lions’ meltdown

Now, they’ll have an entire offseason to process the anatomy of a meltdown that included:

— 49ers receiver Brandon Aiyuk’s acrobatic 51-yard catch early in the third quarter, with shades of Pittsburgh Steelers Super Bowl legend Lynn Swann. It was an omen. The ball ricocheted off Kindle Vildor as Aiyuk fell to the turf, advancing the football to the 6-yard line. Three plays later, Brock Purdy stepped up in the pocket and fired a 6-yard TD pass to Aiyuk.

— On the first play of the ensuing drive, Lions rookie running back Jahmyr Gibbs fumbled. Arik Armstead recovered for the 49ers at Detroit’s 24-yard line. It set up the 1-yard TD run from Christian McCaffrey that tied the game at 24.

— Some serious second-guessing of Campbell. Twice in the second half, Campbell went for it on fourth-and-short rather than attempting field goals. Midway through the third quarter on a fourth-and-2 from the 49ers’ 28, the Lions passed up a 46-yard field-goal try for a Jared Goff pass to Josh Reynolds that fell incomplete. A trey would have pushed the lead back to 17 points and made it a three-possession game.

In the fourth quarter, trailing by three, Campbell passed on a 48-yard try that might have tied the game. Instead, they went for it on fourth-and-3 from the 30. Goff was flushed from the pocket, mustering a throw to Amon-Ra St. Brown that fell in the dirt … way short.

‘I wanted to get the upper hand back,’ Campbell said of the latter case. ‘It’s easy hindsight, and I get it. But I don’t regret those decisions. And that’s hard. That’s hard because we didn’t come through.

‘I understand the scrutiny I’ll get. That’s part of the gig, man.’

The reversal of fortune was so pronounced. The tough catches the Lions made in the first half, they mishandled in the second half. Case in point: Reynolds dropped a third-and-9 throw from Goff late in the third quarter. On the punt that followed — a 74-yarder from John Fox — Chase Lucas barely stepped in the end zone while trying to down the ball inside the 1-yard line. Touchback.

Those were the breaks.

By that time, school was out. The momentum had shifted. After Campbell passed up the field goal for a second time, the 49ers took possession and marched 70 yards on a drive capped by a 3-yard touchdown from Elijah Mitchell, and it was pretty much ballgame. The 49ers were up by 10.

The 49ers are headed to Las Vegas, with a quarterback, Purdy, who entered the NFL last season as Mr. Irrelevant, leading a historic comeback.

But the flip side of this is just as compelling. The Lions finally had it in their hands — the first Super Bowl berth in franchise history — and let it slip away.

‘That feeling that we all had walking off of that field, I don’t think any one of us want to feel that again,’ St. Brown said.

In his postgame message, Campbell told his players that may have been their only shot. He could be right.

‘Do I think that? No,’ he said. ‘Do I believe that? No. But I know how hard it is to get here. I’m well-aware, and it’s going to be twice as hard to get back to this point next year. That’s the reality.’

And it’s a reality check that’s tougher to swallow for the way it went down. 

This post appeared first on USA TODAY

The NHL is down to a little more than a handful of games before it begins its All-Star break on Thursday.

The season will resume the following week for the stretch drive toward the playoffs.

Among the six games are one that could change the Western Conference wild-card standings and a rematch of a game that had a scary moment and got nasty.

Here is the Stanley Cup playoff bracket as it stands on the morning of Jan. 29, plus key games for the shortened week and the All-Star weekend schedule at Toronto’s Scotiabank Arena.

This file will be updated during the season (full standings here).

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Eastern Conference playoff bracket

If the season ended on Jan. 28, here’s how the Eastern Conference playoff matchups would align (based on points):

Boston Bruins (A1) vs. Detroit Red Wings (WC2)

Florida Panthers (A2) vs. Tampa Bay Lightning (A3)

New York Rangers (M1) vs. Toronto Maple Leafs (WC1)

Carolina Hurricanes (M2) vs. Philadelphia Flyers (M3)

The winners of the top two series would face each other in the second round, as would the winners of the bottom two series.

Western Conference playoff bracket

If the season ended on Jan. 28, here’s how the Western Conference playoff matchups would align (based on points):

Vancouver Canucks (P1) vs. St. Louis Blues (WC2)

Vegas Golden Knights (P2) vs. Edmonton Oilers (P3)

Colorado Avalanche (C1) vs. Los Angeles Kings (WC1)

Dallas Stars (C2) vs. Winnipeg Jets (C3)

The winners of the top two series would face each other in the second round, as would the winners of the bottom two series.

Key: A-Atlantic Division. C-Central. M-Metropolitan. P-Pacific. WC-wild card

Key games this week

All times p.m. ET

MONDAY

WEDNESDAY

Ottawa Senators at Detroit Red Wings, 7: Red Wings captain Dylan Larkin was knocked unconscious when he was hit by Ottawa’s Mathieu Joseph and fell into the Senators’ Parker Kelly. When David Perron saw his teammate lying on the ice, he cross-checked Senators defenseman Artem Zub and landed a six-game suspension. Larkin returned nine days later and is on an 11-game point streak.

Los Angeles Kings at Nashville Predators, 7:30: The slumping Kings have only two wins in their last 16 games but opened the week holding the top wild-card spot in the Western Conference. The Predators, who are in the mix, have lost three of their last four games.

,ALL-STAR WEEKEND

Thursday, 6 (ESPN): All-Star captains Auston Matthews, Connor McDavid and Nathan MacKinnon, plus co-captains Jack Hughes and brother Quinn will draft their 11-player teams.

Friday, 7 (ESPN): NHL All-Star skills competition. There will be 12 participants in this year’s events under a revamped format.

Saturday, 3 (ABC): NHL All-Star Game

When do the Stanley Cup playoffs begin?

They’re scheduled to begin on April 22. The last possible day of the Stanley Cup Final is June 24.

This post appeared first on USA TODAY

SANTA CLARA, Calif. — The Detroit Lions passed on two long field goals for fourth down attempts they failed to convert in Sunday’s 34-31 NFC championship game loss to the San Francisco 49ers, but Lions coach Dan Campbell said he doesn’t regret either of those decisions.

‘It’s easy hindsight and I get it,’ Campbell said. ‘I get that. But I don’t regret those decisions and that’s hard. That’s hard, because they didn’t — we didn’t come through, it wasn’t able to work out, but I don’t. I don’t. And I understand the scrutiny I’ll get, that’s part of the gig. But we just — it just didn’t work out.’

The Lions raced to a 24-7 halftime lead and appeared to be on their way to their first ever Super Bowl before the 49ers rallied for 27 straight points in the second half.

The 49ers opened the third quarter with a long field goal drive, then scored two touchdowns in a 2-minute, 15-second span later in the period after the Lions failed to convert a fourth-and-2 from the San Francisco 28-yard line.

Nick Bosa beat Taylor Decker to pressure Jared Goff on the play, and Goff threw incomplete to Josh Reynolds after he stepped up in the pocket to avoid a sack.

NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.

‘We didn’t connect,’ Goff said. ‘I’ll throw a better ball next time.’

You can watch Campbell’s answer below:

The 49ers led, 27-24, midway through the fourth quarter when Campbell again eschewed a long field goal, this one from 48 yards, to try and convert on fourth-and-3.

Goff was flushed from the pocket by pressure up the middle by Arik Armstead and fluttered an incompletion to Amon-Ra St. Brown as he rolled to his right.

The 49ers followed with a seven-play, 70-yard touchdown drive to clinch the game.

Goff said he doesn’t believe the Lions’ failed conversion attempts flipped momentum San Francisco’s way — ‘I loved them. We got to convert,’ he said — and he defended Campbell’s aggressive approach Sunday.

‘He believes in us,’ Goff said. ‘I don’t know what the numbers are but we had a lot of big-time conversions this year that changed games and I don’t know what we were today. I know we had the two we didn’t convert (and were 1-for-3 overall). It can change a game if you convert them and we didn’t. And that’s part of the reason why we lost.’

Campbell has been one of the NFL’s most aggressive coaches in fourth-down situations since he took over as Lions coach in 2021, and those decisions helped fuel the Lions’ rise to contention and this year’s run to the NFC title game.

The Lions set an NFL record for fourth down attempts (41) in 2021 and are 65 of 123 overall (52.8%) in Campbell’s three seasons as coach. They converted a fake punt that keyed an early-season win over the Kansas City Chiefs and went 3 for 5 on fourth downs in this year’s playoffs.

Campbell said he passed on the would-be game-tying field goal on his second conversion attempt Sunday to try and get momentum back on the Lions’ side.

‘I just felt really good about us converting and getting our momentum and not letting them play long ball,’ he said. ‘They were bleeding the clock out, that’s what they do and I wanted to get the upper hand back.’

Instead, the Lions failed, and they’re headed home for the season.

This post appeared first on USA TODAY