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Senate Dems race to confirm Biden judges ahead of Trump’s presidency

Senate Democrats are rushing to confirm as many of President Biden’s judicial picks as possible ahead of a Trump presidency, according to reports. Several of the nominees have previously come under fire by Republicans.

Democrats so far have confirmed 215 of Biden’s judicial picks, and the Senate most recently confirmed Jonathan E. Hawley as a U.S. District Judge for the Central District of Illinois Wednesday. 

He was confirmed in a 50-46 vote. 

However, Biden’s confirmation numbers continue to trail President-elect Trump’s 234 confirmations during his first term, including three to the U.S. Supreme Court. 

Democrats on the Senate Judiciary Committee have been vocal in recent days about prioritizing judicial confirmations during the lame-duck session, tweeting Wednesday, ‘We’re going to confirm every possible federal judge in the lame-duck session.’

Along with Hawley’s confirmation this week, the Senate also confirmed April M. Perry to be a U.S. District Court Judge for the Northern District of Illinois, while Democrats also moved Embry Kidd’s nomination process forward to serve as a circuit court judge for the 11th Circuit. 

Several of Biden’s nominees, however, have come under Republican fire during hearings. 

Kidd, a district judge in the Middle District of Florida, made headlines this summer after he failed to disclose on his questionnaire at least two child sex-related cases he ruled on and later had his rulings reversed, according to a report by the Washington Examiner.

Anthony J. Brindisi, a former Democratic representative who serves on the New York State Court of Claims in Utica, New York, and was tapped by Biden in July, was the target of various lines of questioning in which he attempted to frame himself as a jurist versus a politician. 

‘On the bench, are you a politician or a judge?’ Tennessee Republican Sen. Marsha Blackburn asked him during the hearing. 

‘I’m a judge, senator,’ Brindisi responded. 

Despite Democrats’ efforts to kick judicial confirmations into high gear, Senate Democrats have expressed concern over Senate Judiciary Chairman Dick Durbin’s ability to block Trump’s judicial agenda once he takes over the Oval Office in January, according to a recent report by Axios. 

The report said multiple Democrats cited Durbin’s age as a major factor. Durbin is 79 years old. 

‘Sen. Durbin has successfully led the Judiciary Committee for the past four years as chair — leading to 215, and counting, lifetime judges confirmed during the Biden administration,’ Durbin’s office told Fox News Digital in a statement. ‘And as a senior Democratic member of the committee during the first Trump administration, Sen. Durbin served as a crucial voice pushing back against the unqualified Trump judicial nominees. Simply put, he’s been an outstanding chair and stands ready to continue to lead his colleagues as ranking member in the 119th Congress.’

Senate Minority Whip John Thune, R-S.D., who will be the new Republican Senate leader after he won in a secret ballot Wednesday, will serve a crucial role in advancing Trump’s judicial agenda in the Senate. Thune wrote in an op-ed earlier this week that Senate Republicans will work with the president-elect to confirm his nominees and pass ‘our shared agenda.’ 

‘As Congress returns to Washington, we must prepare the Senate to advance that agenda legislatively and ensure that the president-elect can hit the ground running with his appointees confirmed as soon as possible,’ Thune wrote. 

Trump took to social media Sunday to voice his opinion on the matter, writing, ‘Additionally, no Judges should be approved during this period of time because the Democrats are looking to ram through their Judges as the Republicans fight over Leadership. THIS IS NOT ACCEPTABLE. THANK YOU!’

‘In his first term, President Trump appointed constitutionalist judges who interpret the law as written. He will do so again,’ Brian Hughes, Trump-Vance transition spokesperson, told Fox News Digital in a statement. 

This post appeared first on FOX NEWS
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Riding the Cryptocurrency Wave: How to Maximize Your Gains

With cryptocurrencies evolving from speculative assets to a global economic force, investors face a critical question: how can you filter out the noise to pinpoint coins that truly matter?

Whether cryptocurrency trading is part of your financial strategy or not, it’s becoming clear that certain coins have moved beyond speculation and are now positioned as potential drivers of the future global economy.

Still, there’s a lot of market noise in the crypto space. You need to distinguish real geopolitical developments surrounding certain coins, domestic developments affecting crypto (like Trump’s proposal to scale back the SEC’s ability to regulate crypto), and market speculation in response to the above, which can affect many cryptocurrencies, even the most obscure ones.

A Snapshot of Crypto Leaders Over Time

Given cryptocurrencies’ sensitivity to the political and economic landscape, there will be a lot of volatility. One way to sort out the leaders is to view the StockCharts MarketCarpets for Cryptocurrencies (use the Select Group dropdown menu) over lookback periods, say, from one day to three months or more.

I like to measure Up Days minus Down Days to get a general sense of the crypto market’s performance in breadth. To do this, go to the Measurements drop-down menu and select [Up Days] – [Down Days]. Scrolling over each square will show how many up or down days are prevalent over a specified period. For instance, in 5 days, if there are 3 up days and 2 down days, the “score,” if we can call it that, will be +1 (as 3 – 2 = 1). The point here is that this view might give you a better filter for identifying market leaders.

Here’s a 5-day view of market leaders in the crypto space.

FIGURE 1. 5-DAY MARKETCARPETS VIEW OF THE CRYPTO MARKET MEASURING UP MINUS DOWN DAYS.Image source: StockCharts.com. For educational purposes.

Don’t mind the particulars for now. Just note the overall performance of the market. Compare it to this 1-month view.

FIGURE 2. 1-MONTH MARKETCARPETS VIEW OF THE CRYPTO MARKET MEASURING UP MINUS DOWN DAYS. Image source: StockCharts.com. For educational purposes.

Now, notice how there are fewer deep “greens” indicating fewer outperformers. The only coin of significance is Dogecoin ($DOGEUSD). The rest are relatively obscure. Keep that in mind as I zoom out to a 3-month view.

FIGURE 3. 3-MONTH MARKETCARPETS VIEW OF THE CRYPTO MARKET MEASURING UP MINUS DOWN DAYS.Image source: StockCharts.com. For educational purposes.

You have a few more market leaders going back a quarter. But the only liquidly-traded one is still Dogecoin. DOGE stands out as one of the top three non-stablecoin cryptocurrencies worth watching, with a unique connection to the potential “Trump 2.0” economy.

Three Crytpos to Watch Ahead of Trump 2.0

So, here they are—Bitcoin ($BTCUSD), Ethereum ($ETHUSD), and, strangely, Dogecoin ($DOGEUSD). Why?

Trump has talked about creating a strategic Bitcoin reserve as he aims to make the US the “crypto capital of the planet.” With a crypto-friendly administration and, presumably, fewer regulatory barriers, Ethereum—the second-largest cryptocurrency by market cap—will likely see growth alongside Bitcoin.

The Dogecoin case sounds a little weird. Its boost seems to be a speculative conflation of DOGE, the crypto’s ticker, and DOGE, the acronym for the proposed Department of Governmental Efficiency, co-led by Elon Musk, who happens to be a strong proponent of Dogecoin. Whatever the investment case may be, this symbolic conflation was enough to fuel the coin’s record three-year high.

Let’s look at the technicals, starting with a daily chart of Bitcoin.

FIGURE 4. DAILY CHART OF $BTCUSD. Did broad retail buying just kick in?Chart source: StockCharts.com. For educational purposes.

According to the Relative Strength Index (RSI), Bitcoin, which closed above a record-high $90K level, is well within the overbought range, hinting at a potential pullback. You’re starting to see that potentially taking shape.

Looking at our two momentum indicators below, the Chaikin Money Flow (CMF) shows three deep yet flattening surges suggesting high buying pressure, yet, in the On Balance Volume (OBV), the last surge shows a breakout (see green circle). Could this suggest that institutional buying occurred in September and October, followed by increased retail participation in November? If that’s the case, it will be interesting to observe how Bitcoin performs after taking a breather.

On the chart, there are three Quadrant Lines. The first two demonstrate how prices, in an uptrend, tend to bounce between the 50% or 75% lines (2nd or 3rd quadrants). The third quadrant line on the right is the one you should keep an eye on. If Bitcoin pulls back, it should bounce above the last quadrant, which also coincides with two critical levels of resistance-turned-support (see dotted magenta lines).

Let’s shift over to a daily chart of Ethereum ($ETHUSD).

FIGURE 5. DAILY CHART OF $ETHUSD. Smart money selling as retail investors scoop it up?Chart source: StockCharts.com. For educational purposes.

Like Bitcoin, Ethereum ($ETHUSD) is pulling back from its RSI-measured overbought level. However, unlike Bitcoin, the CMF and OBV are in stark divergence, possibly indicating that “smart money” buying has declined while retail buying has ramped up. If anything, this confirms forecasts of near-term weakness.

Unlike Bitcoin, Ethereum did not hit an all-time high, but this can also mean the crypto has room to run. You might expect a bounce at the 50% and 61.8% Fibonacci retracement levels (see green circle on the chart) which is further buffered by support at $2,730 (see green dotted line). However, if the uptrend resumes, take note of the three resistance levels ahead, highlighted by the magenta lines where you may see profit-taking and selling.

Let’s now look at a daily chart of Dogecoin ($DOGEUSD).

Figure 6. DAILY CHART OF $DOGEUSD. This chart looks like a meme stock, but the divergence between the CMF and OBV shows the difference between smart money and retail accumulation.Chart source: StockCharts.com. For educational purposes.

Similar to Bitcoin, Dogecoin also has a three-year high. But unlike Bitcoin and Ethereum, there’s no indication that Dogecoin will be a reserve asset, nor does it share Ethereum’s reputation for technological innovation. It started as a meme coin, and the only thing that seems to be driving its recent surge is its association with Elon Musk.

The RSI shows that Dogecoin is well-overbought. If you look at the CMF and OBV, note how larger players began accumulating Dogecoin with tremendous buying pressure long before the retail crowd noticed (see magenta square).  Now, the sharp divergence shows how “smart money” may be pulling back while retail traders are jumping in.

If you find a reason to buy Dogecoin beyond pure speculation, be aware that it has plenty of room to tumble. Note the 61.8% Fib retracement level coinciding with the coin’s 2024 high of $0.22. If it fails to bounce at this level, then the meme is over. But considering how unpredictable this coin is, look for a bounce near the 50% Fib retracement.

At the Close

In a market buzzing with hype, separating the legit from the noise takes more than following news and taking a quick glance—it’s all about using the right tools. For me, it’s about viewing MarketCarpets over different timeframes, checking up and down days to see which crypto is leading the pack. With Bitcoin and Ethereum, there’s solid institutional backing, showing they’ve got potential staying power. Dogecoin, though, feels more like a meme-fueled thrill ride, getting its boost from Elon Musk’s influence rather than fundamentals.

By looking at the daily charts and contrasting the CMF with the OBV, you can spot where the real buying pressure is—seeing institutional money flow versus the retail players. In the end, separating the signal from the noise comes down to reading the charts using the right tools.

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.

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Upgrade Your Options Trading with OptionsPlay on StockCharts

Should you buy calls/puts? Should you write covered calls? Or should you trade bull/bear vertical spreads?

That’s a lot to chew on — and it’s just the beginning. Once you decide on a strategy, you’ll have to decide on which strikes and expirations to choose. Trading options, after all involves analyzing a lot of data points, which can be very time-consuming.

Luckily for you, the new OptionsPlay Add-On from StockCharts.com can do all the heavy lifting you need. With just a few mouse clicks, you can identify stocks and ETFs that meet specific technical criteria and view the optimal options trading scenarios. In this instructive video, Tony Zhang, Chief Strategist at OptionsPlay, and Grayson Roze, Director of Operations at StockCharts, walk you through the following features available in the OptionsPlay Add-On:

The daily OptionsPlay ChartListsOptionsPlay Strategy CenterOptionsPlay Explorer

And keep in mind, some of these features are available only on StockCharts! So whether you’re a seasoned options trader or a newbie, this video is worth a must-see. Check it out below!

This video premiered on November 14, 2024.

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Lindsey Vonn plans return to skiing, five years after retiring

Five years after retiring from competitive skiing, former Olympic gold medalist Lindsey Vonn is returning to the sport.

The four-time World Cup champion said in an interview with the New York Times that knee replacement surgery seven months ago has stunningly allowed her to return to the slopes pain-free, and that she will be rejoining the U.S. Ski Team on Friday, with a focus on the super-G and downhill.

‘Obviously, I wouldn’t be doing this if I didn’t hope to be racing. I have aspirations. I love to go fast. How fast can I go? I don’t know,’ she said.

‘But I’m not going to put myself in a position to fail. My goal is to enjoy this, and hopefully that road takes me to World Cup races. I wouldn’t be back on the U.S. Ski Team if I didn’t have intentions.’

At age 40, Vonn calls her desire to return to competitive skiing ‘amazing and definitely not planned,’ but acknowledged that participating the 2026 Winter Olympics in Italy could be in her future if all goes well.

‘I’ve always enjoyed racing in Cortina and I’ve had a lot of success in Cortina,’ she said. ‘I don’t know what the next few months and the next year and a half hold for me. So I can’t say right now if it’s a possibility.’

Lindsey Vonn’s career accomplishments

Vonn won four World Cup championships (2008-10, 2012) and set a record with 82 World Cup victories in all five alpine disciplines. (Her record has since been broken by fellow American Mikaela Shiffrin.) Her 43 World Cup wins in the downhill and 28 in super-G are the most by any skier in history, man or woman.

Vonn has competed in four different Olympics, winning three Olympic medals: a gold in the women’s downhill and a bronze in the super-G at the 2010 Games in Vancouver and a bronze in the downhill at the 2018 Games in Pyeongchang.

Lindsey Vonn’s career beset by injuries

Lindsey Vonn retired from skiing in 2019 after the FIS Alpine World Championships in Sweden, due to constant pain in her right knee due to multiple surgeries and high-speed crashes.

‘The unfortunate reality is my mind and body are not on the same page,’ she said in her February 2019 retirement announcement. ‘After many sleepless nights, I have finally accepted that I cannot continue ski racing.’

Her list of injuries is a lengthy one.

Torn ACL and MCL, broken right leg at 2013 World Championships 
Reinjured ACL, forcing her to miss 2014 Winter Olympics
Fractured ankle in 2015
Fractured knee in 2016
Fractured arm in 2016
Fractured knee, torn ligaments in 2018
Knee replacement surgery in 2024

This post appeared first on USA TODAY
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Mike Tyson boxing trunks pay tribute to late daughter Exodus

ARLINGTON, Texas – The black boxing trunks Mike Tyson once wore with menace now have a poignant tribute.

The name of his late daughter, Exodus Sierra Tyson, is stitched onto the bottom front corner in white lettering, photos show.

The garment was specially designed for Tyson by BYLT Basics, a clothing company the boxer has partnered with.

Robert Pursell, a spokesman for BYLT, said the company expects Tyson will wear the trunks for his fight against Jake Paul Friday at AT&T Stadium.

Exodus was 4 when a treadmill cord got wrapped around her neck and strangled her to death, according to police, who called the death in 2009 a “tragic accident.’’

She was found by her brother, then 7, in an Arizona home where Tyson lived with the children’s mother.

Tyson, who now has six children, has talked about his grief over Exodus’ death in multiple interviews.

“Family is everything,’’ he said Tuesday after open workouts.

His oldest son, Amir, has participated in Netflix’s coverage of fight week.

In the photos of the new boxing trunks, the name Exodus Sierra Tyson sits atop an American flag on the left pant leg. The trunk design includes a Tyson company logo across the waistband and BYLT across the right thigh.

Pursell said the former world heavyweight champion has been wearing the specially-designed trunks during workouts.

Andrew Ruf, Tyson’s agent, did not immediately respond to a text message seeking confirmation Tyson will wear the trunks during the fight. Tyson did not wear the new trunks during open workouts Tuesday at the Toyota Music Factory in Irving.

“We are really excited to collaborate with Mike on this design to pay homage to his story, which spanned multiple decades now,’’ Joe Trachta, BYLT head of product, said in a statement provided to USA TODAY Sports. “We can’t wait to see Iron Mike back in action.’’

Born March 3, 2005, Exodus was three months old when Tyson fought his last pro bought. He retired after failing to come out for the seventh round against Kevin McBride.

At open workouts, when asked what he’s learned since he began training for the fight, Tyson said, “That I’m tougher than I believe I was.’’

This post appeared first on USA TODAY
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Jon Gruden joins Barstool Sports three years after email scandal

Former NFL head coach and ESPN analyst Jon Gruden has joined Barstool Sports, the company announced Thursday.

In its announcement, the company posted one video on its website where Gruden was breaking down a play called ‘Spider Y 2 Banana’ to other Barstool employees but did not specify Gruden’s role.

Gruden was in his second stint as the head coach of the Las Vegas Raiders in 2021 and in the fourth year of a reported $100 million contract when he resigned after it was reported that he wrote emails over a decade that had homophobic, racist, and misogynistic language in them.

When he wrote those emails to former Commanders team president Bruce Allen, Gruden was the lead analyst for Monday Night Football on ESPN, which included comments about former NFL Players Association executive director DeMaurice Smith and NFL commissioner Roger Goodell.

Those emails were part of the league’s investigation of former Commanders owner Daniel Snyder and allegations of the team’s workplace culture.

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

A month after he resigned from the Raiders, Gruden, now 61, sued the NFL over the publication of those emails, saying that the league was on a ‘malicious and orchestrated campaign’ to ruin his career.

The league called the lawsuit ‘entirely meritless,’ and last month, the Nevada Supreme Court said they would conduct a review of the lawsuit.

The USA TODAY app gets you to the heart of the news — fast.Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY
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RFK Jr. tapped to lead Department of Health and Human Services

President-elect Trump selected Robert F. Kennedy Jr. to lead the U.S. Department of Health and Human Services (HHS). 

‘I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS). For too long, Americans have been crushed by the industrial food complex and drug companies who have engaged in deception, misinformation, and disinformation when it comes to Public Health,’ Trump said in his annoucment Thursday. 

‘The Safety and Health of all Americans is the most important role of any Administration, and HHS will play a big role in helping ensure that everybody will be protected from harmful chemicals, pollutants, pesticides, pharmaceutical products, and food additives that have contributed to the overwhelming Health Crisis in this Country.’ 

The announcement comes just over a week after Trump won back the presidency.

RFK Jr. joined the 2024 campaign cycle as a candidate for the Oval Office. Kennedy, who is the son of former U.S. Attorney General Robert F. Kennedy, dropped out of the presidential election in August after initially running as a Democrat, before he switched to an independent run. 

Kennedy endorsed Trump shortly after suspending his campaign, and has since hit the campaign trail while touting his plans to ‘Make America Healthy Again’ under a potential Trump presidency. 

Kennedy has joined a bevy of Trump campaign events in the lead up to Nov. 5, including speaking at Trump’s historic Madison Square Garden rally last month, where he unleashed on the current state of the Democratic Party. 

‘The Democratic Party is the party of war. It’s the party of the CIA. You had Kamala Harris giving a speech at the Democratic convention that was written by neocons. It was belligerent, pugnacious. It talked about domination of the world by the United States through our weapons of war. It’s the party today that wants to divide Americans. It’s a party that is dismantling women’s sports by letting men play women’s sports,’ he said. 

‘It’s the party of Wall Street. It’s the party of Bill Gates, who just gave $50 million to Harris. It’s the party, and the Harris campaign is very proud that it received the endorsement of 50 former CIA agents and officers and of John Bolton and of Dick Cheney.’ 

Kennedy, who has been a key figure in the Trump campaign since endorsing him, was asked about his potential role in the next White House and whether he would begin ‘clearing out the top level federal service workers that are currently at the FDA and the CDC.’

He continued, ‘In some categories, their entire departments, like the nutrition department in the FDA, they have to go. They’re not doing their job. They’re not protecting our kids. Why do we have Froot Loops in this country that have 18 or 19 ingredients, and you go to Canada, and it’s got two or three?’ 

‘Mr. Kennedy will restore these Agencies to the traditions of Gold Standard Scientific Research, and beacons of Transparency, to end the Chronic Disease epidemic, and to Make America Great and Healthy Again!’ Trump added. 

This post appeared first on FOX NEWS
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DAVID MARCUS: Some Democrats are giving Trump a chance. Republicans, let’s meet them half way

If you ever have a chance to go to Pike Cornerstone in Arlington, Virginia for their $5 dollar wine tasting, you ought to give a shot. It was there that I met Alan, a Black professional in his late 30s who, though he’s a Democrat, has an almost whimsical take on the soon-to-be Trump presidency.

‘He won,’ Alan told me after we had sloshed the Clara C Prosecco around our mouths a bit, ‘it was decisive,’ he added, ‘and he gets to do what he wants to do now. I might not love it, but let’s see what happens.’

Even the shock nomination of controversial former Florida Rep. Matt Gaetz to be attorney general didn’t seem to phase Alan, ‘It feels like a troll,’ he laughed, ‘but again, all we can do is wait and see.’

 

Alan’s attitude, along with that of the other liberals who I have spoken to this past week, are distinctly different from the anger, and frankly, pageantry that resulted from Trump’s first victory eight years ago.  

Back then we had furious women marching in their millions in pink hats. Defiance was the watchword for disappointed Hillary Clinton voters, but this time, there is a resignation to Trump’s second term, which is an opportunity for the president-elect, but also a risk.

Trump’s first term as president was barely given a chance; half the country and about 90% of the news media treated it not so much as a new administration, but as a crisis that had to be thwarted. 

That level of disdain is not happening this time, and while that provides Trump a runway to do the things he wants to do as president, it also means he has no excuses should he fail.

The reaction to Trump’s win brought to mind a conversation I had a few days before the election with Susan, a retired woman in her late 60s who is no Trump fan but thought he would win.

‘If he wins,’ she told me, ‘He’ll have to prove himself.’

This is also what I heard from Sam, in his mid-30s at Arlington National Cemetery. Also a Democrat, he told me as we looked over the rolling hills of bright white tombstones, ‘It’s about these guys,’ he told me, ‘this is what they fought for.’ 

Donald Trump and all of us have a real chance to come together and heal our nation over the next four years. I see how badly people want that. 

There is a real chance for the country to come together here. The Elon Musks and his band of social media trolls will continue to try to humiliate, insult and ‘own the libs,’ but that is a mistake. There is a real chance for the country to heal right now and it ought to be taken.

Almost by accident at Arlington National Cemetery I turned a corner and found myself at the grave of President John F. Kennedy, his eternal flame flickering in a gentle wind, the small crowd falling into a hush.

In 1960, JFK won one of the closest and most contentious elections in American history.  It was not until his tragic death that he became a unifying figure for our nation. But it was not just his assassination that made that happen, it was his words.

‘Ask not what your country can do for you–ask what you can do for your country,’ is an  immortal and humbling call, and I see signs that disappointed Democrats are taking it to heart as Trump 2.0 begins.

”In Springfield, they’re eating the dogs. The people that came in, they’re eating the cats. They’re eating — they’re eating the pets of the people that live there,’ a Trump signature phrase from this election, will likely never be engraved in stone, but that doesn’t mean that he cannot ultimately be a unifying figure.

Back in October, in Allentown, Pa., I met a small business owner, who I was pretty sure was voting for Harris, say, ‘Whoever wins, I hope they put the country first.’ He was open to Trump and I think he would rather be proven wrong than correct about his instincts regarding the incoming president.

Look around. There are no riots, no massive protests planned, no ludicrous claims that Russia swayed the election, instead of all those things there is–and I’m just gonna say it–hope.

Donald Trump and all of us have a real chance to come together and heal our nation over the next four years. I see how badly people want that. 

It is my fervent prayer that all of us take advantage of this opportunity.

This post appeared first on FOX NEWS
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Donald Trump Jr ally Sergio Gor offered top White House personnel job: report

One of Donald Trump Jr.’s allies and business partners has reportedly been offered a key position in his father’s second term in the White House.

Sergio Gor is expected to lead the Presidential Personnel Office and will be tasked with aiding President-elect Donald Trump in recruiting, vetting and nominating thousands of political appointees across the federal government, according to a report. 

‘Awesome news. Sergio will be great!’ Trump Jr. posted on the social media platform X in response to the news, first reported by Semafor. 

As president and co-founder of Trump Jr.’s publishing company, Gor is part of President-elect Trump’s latest efforts in assembling a second administration full of allies, loyalists and other supporters.

Trump has previously said that the biggest mistake of his first presidency was picking disloyal people to join his administration.

‘The biggest mistake I made was I picked some people – I picked some great people, you know, but you don’t think about that. I picked some people that I shouldn’t have picked,’ Trump said last month on the ‘The Joe Rogan Experience’ podcast.

‘I picked a few people that I shouldn’t have picked,’ he said.

Not only did Gor help publish books by the former and future president, he also left his position as a longtime aide to Sen. Rand Paul, R-Ky., to join the finance committee for Trump’s 2020 re-election campaign. 

In 2021, Gor also officiated a wedding in California for Rep. Matt Gaetz, R-Fla., another Trump ally who Trump recently tapped to be his nominee for attorney general.

Gaetz has since resigned from the House of Representatives after his selection for the Department of Justice, Speaker Mike Johnson, R-La., announced.

Gor is among the latest in a string of announced picks for Trump’s new administration. The president-elect has also picked, among others, Rep. Elise Stefanik, R-N.Y., to be U.S. ambassador to the United Nations, Rep. Mike Waltz, R-Fla., for national security adviser and Sen. Marco Rubio, R-Fla., for secretary of state. 

Tesla CEO and billionaire endorser Elon Musk and former GOP presidential candidate Vivek Ramaswamy are expected to lead Trump’s new Department of Government Efficiency.

Fox News’ Bonny Chu contributed to this report.

This post appeared first on FOX NEWS
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The Sign of Strong Charts Getting Stronger

I was originally taught to use RSI as a swing trading tool, helping me to identify when the price of a particular asset was overextended to the upside and downside.  And on the swing trading time frame, that approach very much works, especially if you employ a shorter time period for the indicator.

But RSI can also be used for longer-term time frames, helping investors to better define trend phases and identify broader shifts in momentum.  Today we’ll break down three charts that show how this application of the RSI could help you stay on the right side of strong uptrends!

HubSpot Inc. (HUBS)

Earlier this week on my daily market recap show I was asked about HubSpot which has recently become overbought.  The viewer was concerned about potential downside given the overbought conditions.

What we reviewed was that while an RSI above 70 is considered overbought, an RSI above 80 is considered “extremely overbought”, or what we would often call, “the good kind of overbought.”  Why consider such a high RSI to be a bullish tell?  Just look to the left on the chart of HUBS, at similar readings in June 2023 and December 2023.  In both cases, the stock briefly pulled back soon after.  And in both cases, the stock went on to make a new 52-week high within a month.

NVIDIA Corp. (NVDA)

Another stock that has shown a similar run of “the good kind of overbought” signals is Nvidia.  There have been three such occurrences over the last two years, and in every instance, these signals have occurred not at the end of the uptrend phase, but in the middle!

It’s worth noting here that Nvidia, along with most other semiconductor stocks, are nowhere near the overbought region given their recent weakness.  NVDA is actually featuring the dreaded “bearish momentum divergence” which often serves as a leading indicator of a bearish rotation!

GoDaddy Inc. (GDDY)

GoDaddy is another chart which has recently shown an RSI level above the 80 threshold.  And while that could mean a brief countertrend pullback is in store, it also suggests that the long-term uptrend may still be in place.

The last time GDDY saw an RSI above 80 was in November 2023, just before an incredible bullish phase that arguably is still in place in November 2024.  So while I could see a short-term pullback as a reasonable expectation between now and year-end, this configuration also serves to reinforce the broader uptrend phase that is still active.

As I was first learning technical analysis back in the day, I thought chart reading was all about finding signals and just blindly following them.  Over the years, I’ve come to appreciate that indicators like RSI have layers of value.  Mindless investors take indicators at face value.  Mindful investors have learned to dig deeper and appreciate the values of learning from previous market cycles!

RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

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.

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