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Missing evidence has emerged as an issue in the wrongful death lawsuit Katie Meyer’s parents filed against Stanford almost two years ago, court records reviewed by USA TODAY Sports show.

The dispute has simmered for months, leaving the lawsuit without a trial date despite having been filed with the Santa Clara Superior Court of California in November 2022, nine months after the former Stanford soccer goalie died by suicide. Stanford has suggested the deposition of a possible witness later this month could shed more light on a situation.

The university’s counsel has accused the Meyers of ”misleading and contradictory responses” during the discovery phase of the case and said it intended to file a motion for regarding discovery sanctions for ‘Plaintiffs’ failure to preserve” evidence, according to court records. In July, the university said setting a trial date was premature as it tried to determine the scope of the information missing from the laptop and iCloud that Katie Meyer was using at the time of her death.

‘Defendants have no evidence that there has been an intentional destruction of material evidence by Plaintiffs or anyone for that matter,” the Meyers’ counsel wrote in a court document dated July 22 while adding that Stanford’s “allegations are simply baseless distractions from moving this case to trial and an inappropriate attempt to harass and wrongfully disparage the Plaintiffs.”

The issue stems from a court order issued Sept. 28, 2023 that compelled the Meyers to provide Stanford with a “mirror drive’’ of Katie Meyer’s laptop.

In that order, judge Frederick S. Chung addressed the relevance of the mirror drive and Meyer’s mental health and mental state, writing, “Those issues have been pushed to the forefront by the Meyers’ own allegations…and so the uncomfortable reality is that much of Katie’s private life — including her deepest, darkest thoughts — may be potentially (be) relevant to this case.’’

The Meyers say Stanford’s mishandling of a disciplinary matter involving Katie Meyer resulted in her suicide.

“Defendants must be able to test those allegations,’’ Stanford’s counsel wrote in Februrary. “Given Plaintiffs’ apparent failure to adequately preserve the laptop and Katie’s electronic data, it is unclear that Defendants will ever be able to do so.’’

Katie Meyer’s laptop chain of custody

The laptop has been in the possession of the Meyers’ counsel since October 2022 – eight months after Katie Meyer’s death and a month before the lawsuit was filed – according to Stanford. The university’s counsel cited a chain-of-custody document as its source in a Feb. 16 court document addressing discovery issues.

The laptop had not been collecting dust since Katie Meyer was found dead March 1, 2022, Stanford suggested in the document.

“Forensic examination shows that in those 20 months Katie’s laptop has been consistently used to search online, attempt to access Katie’s Stanford and social media accounts (with mixed success) and access files contained on the device,’’ Stanford’s counsel wrote. “This activity resulted in hundreds, if not thousands, of artifacts and files that were created, modified, and overwritten on the laptop. Some of the original content may be impossible to recover due to the volatile nature of the hard drive and the artifacts.’’

In the July court document, the Meyers’ counsel said the plaintiffs had provided Stanford with a complete forensic copy of the laptop preserved in its entirety March 23, 2022 – three weeks after her death – and a forensic image of Katie Meyer’s iCloud.

But counsel also noted, “we have learned that some of the iCloud data was purged by Apple in accordance with their retention policies.’’

Could the court impose sanctions?

At Stanford’s request, an Informal Discovery Conference (IDC) was scheduled for July 26 regarding discovery sanctions “related to preservation and production issues with Plaintiffs’ Mirror Drives,’’ the university’s counsel wrote July 22 in court records.

Online records indicate an IDC took place in July. But there is no additional information available online about that meeting for an IDC that took place Sept. 13. The court and attorneys representing Stanford and the Meyers did not respond to emails from USA TODAY Sports seeking information about those IDC meetings and possible sanctions.

The court already has imposed monetary sanctions.

In March, the court sanctioned Meyers’ counsel $8,325, about a third as much as Stanford sought for the cost of opposing motions the court deemed not “well grounded in both fact and law.’’ The court noted the purpose of the sanctions was compensatory, not punitive.

What’s next?

There are no hearings scheduled until Dec. 10, when attorneys for both sides are expected to meet a Case Management Conference. But depositions continue – including one scheduled for Oct. 15 in Boston.

Stanford’s counsel is set to take the deposition of Lisa Lockhead, a former paralegal at Justice Law Collaborative, a law firm in Easton, Massachusetts, representing the Meyers.

“Lisa Lockhead is not a party on this case,’’ Stanford’s lawyers wrote in court records. “Rather, she has been identified as an important witness in this case, and she has relevant information concerning Plaintiffs’ preservation of material evidence in this case.’’

On May 31, 2022, Lockhead posted a link to a story involving Katie Meyer’s parents and the parents of three other college athletes who died by suicide and wrote, “I am honored to have been any part of this and Katie’s Save and Hope these Conversations Help Change the Stigmas on Mental Health.’’

Follow Josh Peter on social media @joshlpeter11

If you or someone you know may be struggling with suicidal thoughts, you can call 988 any time day or night, or chat online. Crisis Text Line also provides free, 24/7, confidential support via text message to people in crisis when they dial 741741.

This post appeared first on USA TODAY

October has arrived, but we’ll still have to wait for the next couple of weeks for the biggest games that will define the chase for berths in the expanded College Football Playoff. Worry not, however, for the Week 6 slate should provide plenty of entertaining moments nevertheless.

It will be hard to top last week’s Alabama-Georgia headliner, but with conference play now in full swing there are plenty of offerings for your viewing enjoyment.

Here are the seven we’ve chosen to highlight, presented as always with the standard caveat that the discerning neutral observer should be ready to switch channels as unanticipated developments warrant.

No. 9 Missouri at No. 21 Texas A&M

Time/TV: noon ET, ABC.

Why watch: This is the lone Top 25 matchup on the Week 6 slate, but it’s a big one in the crowded SEC race. The Aggies opened with a loss to Notre Dame but still have a clean conference record. The Tigers had to work overtime to get by Vanderbilt when last we saw them, so their fans must hope they made good use of their open date to iron out some things. Missouri QB Brady Cook and WR Luther Burden III have yet to unleash their full potential, and doing so against disruptive Aggies DE Nic Scourton won’t be easy. But Cook has other weapons at his disposal like WR Theo Wease Jr. and RB Nate Noel. The A&M attack doesn’t have as much flash potential, but mobile QB Marcel Reed’s turnover-free game was vital in last week’s squeaker against Arkansas. Wherever Reed goes, he can expect to see Tigers LB Corey Flagg Jr. nearby.

Why it could disappoint: It probably won’t be the most crisply played example of the sport. Both are among the most penalized teams in the league, so we can expect frequent flag interruptions. If anyone pulls away it’s more likely to be the Tigers, though they haven’t exactly looked dominant against power-conference competition.

Iowa at No. 3 Ohio State

Time/TV: 3:30 p.m. ET, CBS.

Why watch: The Buckeyes easily handled their first Big Ten test of the campaign at Michigan State. They return home to meet the Hawkeyes, whose stout defense always makes them a tough out. While the level of competition has admittedly not been the highest, Ohio State QB Will Howard and his dazzling array of playmakers have been all but unstoppable to this point. Veteran LBs Jay Higgins and Nick Jackson lead a well-disciplined Iowa defense that will try to make the Buckeyes work for their yards. The Hawkeyes have been more competent on the offensive side of the ball this season with QB Cade McNamara healthy again. He’ll need to provide a measure of aerial support for RB Kaleb Johnson to keep DB Sonny Styles and the outstanding Buckeyes’ secondary from crowding the line of scrimmage.

Why it could disappoint: Quite simply, Iowa can’t let this become a track meet. If the Buckeyes break a couple of long scoring plays early, it’s going to be a long day in Columbus.

WEEKEND FORECAST: Expert picks for every Top 25 game in Week 6

AWARD TIME: The highs and lows of college football’s first month

No. 10 Michigan at Washington

Time/TV: 7:30 p.m. ET, NBC.

Why watch: There’s surprisingly little fanfare for this rematch of last year’s national title game, though that is understandable with both programs having undergone wholesale changes on the field and on the sidelines. These Wolverines are not going to steamroll everything in their path the way last year’s championship squad did, but they’re doing enough to stay in the Big Ten hunt. They make their first trek to the league’s new west-coast contingent, where the Huskies are hoping to regroup from a frustrating loss at Rutgers. Michigan QB Alex Orji is not going to air it out regularly, but he needs to do enough with the passing game to keep the lanes open for RBs Kalel Mullings and Donovan Edwards. Washington LBs Carson Bruener and Alphonzo Tuputala will lead the effort to keep them bottled up. The Huskies had no trouble moving the ball against the Scarlet Knights but couldn’t finish drives. QB Will Rogers and WR Denzel Boston are capable of home-run connections at any time as is RB Jonah Coleman, but DT Rayshaun Benny and the rest of the Michigan linemen are hard to move.

Why it could disappoint: This will not be Alabama-Georgia. There could be the occasional breakthrough from a running back, but this appears to be one of those games in which yards and points will be at a premium. That’s just fine with Michigan, but Washington could steal such a game as well.

No. 11 Mississippi at South Carolina

Time/TV: 3:30 p.m. ET, ESPN.

Why watch: After breezing through non-conference play, the high-flying Rebels hit an unexpected snag as they dropped their SEC opener to Kentucky. They’re now in a virtual must-win situation going forward as they visit the Gamecocks, who demolished that same Kentucky squad a few weeks earlier and nearly toppled LSU. Ole Miss QB Jaxson Dart was unable to generate his usual number of long gainers last week, and Gamecocks DE Kyle Kennard will try to make sure that is the case once again. After an ankle injury against LSU, South Carolina QB LaNorris Sellers sat out the team’s tune-up win against Akron. He should be ready to return following an open week. He’ll need his mobility to elude Rebels DE Princeley Umanmielen.

Why it could disappoint: It shouldn’t, unless one team gets careless with the ball. Either offense is capable of orchestrating a comeback if needed, so a blowout in either direction seems unlikely.

No. 4 Tennessee at Arkansas

Time/TV: 7:30 p.m. ET, ABC.

Why watch: The Razorbacks can still shake up the SEC race after coming up short against Texas A&M. Their remaining schedule is a killer, however, starting with this home date with the Volunteers. Tennessee can likewise ill afford a stumble with its own major tests ahead. The Vols kept things fairly conservative after grabbing the lead at Oklahoma. QB Nico Iamaleava figures to use more of the playbook early on here, though having RB Dylan Sampson on hand to finish drives certainly helps. Arkansas will need a much cleaner game from flashy but turnover-prone QB Taylen Green, who will again make extensive use of RB Ja’Quinden Jackson. On the defensive side, you’ll likely hear the names of Razorbacks LB Xavian Sorey and Tennessee LB Arion Carter called often.

Why it could disappoint: There’s more than a little heat on the home team here. Should the Razorbacks fall behind and start pressing, things could snowball.

SMU at No. 22 Louisville

Time/TV: noon ET, ESPN.

Why watch: The Mustangs couldn’t have asked for a better ACC debut last week as they dominated a faltering Florida State squad. They now face their first road test in their new league against the Cardinals, who are undoubtedly a little salty after letting an opportunity at Notre Dame get away. The SMU offense has gone into overdrive since Kevin Jennings assumed the full-time QB reins. His arsenal includes RB Brashard Smith and TE RJ Maryland Jr., all of whom will keep LB Stanquan Clark and the Louisville front busy. Cardinals QB Tyler Shough and his unit will be glad to be back home after getting rattled for the first time all season in South Bend. They’ll have to beware of active DB Ahmaad Moses, who has three of the Mustangs’ nine picks.

Why it could disappoint: It will be interesting to observe how both squads handle their current situations, recent success for the Mustangs and defeat for the Cardinals. Neither side will come out flat, but the level of execution needs to be sharp.

No. 8 Miami at California

Time/TV: 10:30 p.m. ET, ESPN.

Why watch: #ACCAfterDark? We’ll just go with it as the Golden Bears play their first high-profile home contest in their new conference. Cal’s strong start was derailed a couple of weeks ago at Florida State, but they had last week off while the Hurricanes were in a four-quarter struggle with Virginia Tech that wasn’t decided until a somewhat controversial ruling from the replay booth went in their favor. The Golden Bears have struggled to produce yardage with standout RB Jaydn Ott slowed by an ankle issue. He should be a full go following the open date, and he’ll be a huge boost for QB Fernando Mendoza as he tries to solve LB Francisco Mauigoa and the Miami stoppers. Hurricanes’ fans have seen both sides of QB Cam Ward, whose high-risk, high-reward style is never boring. Making extensive use of WR Xavier Restrepo usually serves him well, although Cal CB Nohl Williams is equally aware of that.

Why it could disappoint: It probably will if we’re being honest. As long as the Hurricanes don’t help out by giving the ball away, a couple of quick strikes could put this one on ice.

This post appeared first on USA TODAY

After a thrilling wild-card round, Major League Baseball’s playoffs resume Saturday with the best-of-five Division Series getting underway.

The LDS winners advance to their respective best-of-seven League Championship Series. Should the LCS’s both end by Oct. 19 − meaning neither series lasts longer than five games under the current schedule − the World Series will begin on Oct. 22, with a potential Game 7 coming on Oct. 30. 

Eight teams remain. Who will be the last team standing?

The only thing we know for certain this October is that a new team will be crowned champion with the 2023 defending World Series champion Texas Rangers not in the postseason.

Here’s how USA TODAY Sports’ baseball writers and editors see the rest of the postseason shaking out:

Follow every MLB game: Latest MLB scores, stats, schedules and standings.

Bob Nightengale

ALDS winners: Yankees, Guardians
NLDS winners: Phillies, Padres
AL champion: Yankees
NL champion: Padres
World Series winner: Padres – Mark your calendars. San Diego will defeat the Yankees in a rematch of the 1998 World Series.

Gabe Lacques

ALDS winners: Royals, Guardians
NLDS winners: Phillies, Padres
AL champion: Guardians
NL champion: Padres
World Series winner: Padres – Rotation, bullpen, lineup – nobody’s better in all three phases

Steve Gardner

ALDS winners: Yankees, Guardians
NLDS winners: Phillies, Padres
AL champion: Yankees
NL champion: Phillies
World Series winner: Phillies – The Phillies still have the core of the team that fell just short against Houston two years ago largely intact. They’ll get the job done this time. Phillies in 6

Jesse Yomtov

ALDS winners: Yankees, Guardians
NLDS winners: Phillies, Padres
AL champion: Yankees
NL champion: Phillies
World Series winner: Phillies – Third time will be the charm after Bryce Harper and the Phillies have come up short the past two years

Scott Boeck

ALDS winners: Yankees, Guardians
NLDS winners: Phillies, Padres
AL champion: Yankees
NL champion: Padres
World Series: Padres – This one’s for Peter Seidler, the former team owner who passed away last November. He brought Manny Machado to San Diego to deliver the city its first championship in franchise history.

Steve Gardner

ALDS winners: Guardians, Yankees
NLDS winners: Padres, Phillies
AL champion: Yankees
NL champion: Phillies
World Series winner: Phillies – The Phillies still have the core of the team that fell just short against Houston two years ago largely intact. They’ll get the job done this time. 

Steve Borelli

ALDS winners: Yankees, Tigers
NLDS winners: Phillies, Padres
AL champion: Yankees
NL champion: Phillies
World Series winner: Phillies – In this rematch of the 2009 World Series, this time Philadelphia has the deeper, more complete team from top to bottom and is less reliant on its star players.

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

This post appeared first on USA TODAY

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Week 5 is here … and it got off to a wild start as the Atlanta Falcons won behind the heroics of ‘Cardiac’ Kirk Cousins.

About last night: Atlanta Falcons 36, Tampa Bay Buccaneers 30 (OT) — Whew, boy! This game had everything: A bunch of points, big plays, a head-scratching decision to go for it on fourth-and-15, a blocked field goal, a field goal in the game’s final second, the 25th 500-yard passing game in league history, and an unexpected hero in KhaDarel Hodge, who scored the winning touchdown in overtime.

Kirk Cousins joins exclusive 500-yard passing game list
KhaDarel Hodge is perfect hero for Falcons in another odds-defying finish
PHOTOS: Best of Falcons-Buccaneers

Game of the week: Dallas Cowboys at Pittsburgh Steelers — One of the NFL’s most storied inter-conference rivalries returns on ‘Sunday Night Football’ with the Cowboys coming off a gut-check win and the Steelers attempting to rebound from their first loss of the season. These two franchises are familiar with primetime games. Since 1970, the Cowboys (106 wins) and Steelers (98) have the most victories among all NFL teams in primetime (though, to be fair, these two teams get scheduled regularly for primetime games). Cowboys quarterback Dak Prescott is in elite company in terms of career winning percentage in primetime games (.703, 26-11), and is one of four quarterbacks with a winning percentage of .700 or better in primetime starts since 1970 (minimum 25 starts): Steve Young (.767), Joe Montana (.733) and Peyton Manning (.723). Patrick Mahomes (.697) could move above .700 with a win on ‘Monday Night Football.’

Will Micah Parsons be available for the Cowboys?

Sneaky-good game of the week: Baltimore Ravens at Cincinnati Bengals — The Ravens offense featuring quarterback Lamar Jackson and running back Derrick Henry is humming. Jackson is a must-watch talent week-in and week-out. Henry is back to running over, around and past people to the tune of a league-leading 480 yards rushing. The Bengals finally got their first win of the season last week. Another win here puts the Bengals back in the thick of the race for the AFC North, which either the Bengals and Ravens have won the past three seasons and in five of the past six.

Dreadful game of the week: Miami Dolphins at New England Patriots — This unimpressive matchup pits the 28th-ranked Patriots vs. No. 30 Dolphins (according to Nate Davis’ latest power rankings). Thankfully, there are five other games during the 1 p.m. ET timeslot. It seems doubtful that ‘NFL RedZone’ host Scott Hanson will be kicking to this one for regular updates. These teams are offensively offensive: The Patriots and Dolphins rank 31st and 32nd — respectively — in points per game; the Dolphins are 26th in yards per game, while the Patriots are dead last.

Game I’m mildly interested in, and not just because I have Kareem Hunt on my fantasy team: New Orleans Saints at Kansas City Chiefs — The Saints have lost two straight after a 2-0 start. The Chiefs are 4-0, but hardly have been all that impressive. Kansas City is dealing with a myriad of injury issues on offense with wide receiver Rashee Rice on injured reserve, wide receiver Marquise ‘Hollywood’ Brown out for an extended period of time and running back Isiah Pacheco also on injured reserve. Is this the week that all of these injuries catch up to the Chiefs, or will Patrick Mahomes, rookie receiver Xavier Worthy and future Hall of Fame tight end Travis Kelce keep this team winning?

When might Rashee Rice return?

Just going to rank some games I’m interested in watching without giving any context:

Buffalo Bills at Houston Texans
Green Bay Packers at Los Angeles Rams
Cleveland Browns at Washington Commanders
Carolina Panthers at Chicago Bears
Las Vegas Raiders at Denver Broncos

Don’t forget to set your alarm , there’s a London game on Sunday: New York Jets at Minnesota Vikings — Cue The Clash’s ‘London Calling.’ The surprising Vikings (4-0) ‘host’ the Jets (2-2) at 9:30 a.m. ET or 6:30 a.m. for those of us based on the Best Coast, in what will be the eighth NFL game held at London’s Tottenham Hotspur Stadium. The Vikings enter this one 3-0 in their previous trips to London (that also includes games played at Wembley Stadium and Twickenham Stadium). This is the second of five International Series games — and first of three straight Sundays of games in London.

Public service announcement If you’re still alive in USA TODAY Sports’ survivor pool (there are only 148 of 10,357 entries still alive, so well done!), please make sure to make your Week 5 pick!

NFL Week 5: Pigskin prognostications, betting tips, rankings

Week 5 picks: This is where USA TODAY Sports’ panel of experts has provided fans with the great public service of making prognostications for every game this weekend, both straight up and against the spread.

Bold predictions: Which teams and players could surprise the most in Week 5?

Lorenzo’s best bets: Lorenzo Reyes is back with his favorite NFL bets for Week 5, including why he likes lines involving the Vikings, Saints and Ravens this weekend.

NFL Week 5 betting odds: Which teams are favored this week?

Power rankings: See how all 32 teams stack up after four weeks of play. The Kansas City Chiefs might be 4-0, but their perch atop the league seems increasingly precarious.

NFL news, notes and analysis

Mock draft: Did you really just say ‘mock draft’? Yes! It’s never too early for mock draft. USA TODAY Sports’ Michael Middlehurst-Schwartz presents his latest first-round projection for the 2025 NFL draft. Deion Sanders’ Colorado Buffaloes figure prominently in the top 10.

Ranking NFL’s stadiums from 1 to 30: From architectural splendors to rich football histories, the NFL has plenty of outstanding venues. Which stadium topped our rankings? The answer might surprise you.

Will injury to Rashee Rice prompt a Chiefs trade? Losing a go-to receiver for an extended period of time could spurn action on the trade market by the two-time defending Super Bowl champions. Here are five wide receiver trade options that could work for the Chiefs.

Jayden Daniels has special connection to Washington icon: Doug Williams was in the process of watching video of Jayden Daniels earlier this week when he took a break to share some quarterback-on-quarterback insight. ‘He’s always poised. He’s always thinking,’ the Super Bowl XXII MVP told USA TODAY Sports.

Fantasy football: Bye weeks are here, so pay attention

Whether if you’re 4-0 or 0-4 (don’t give up now!), you’re really going to be on top of things fantasy-wise in the coming weeks as teams go on their respective byes. For Week 5, there are four teams enjoying a bye week. Some of those teams are prominent in the fantasy world. We’re here to help you navigate the bye weeks and optimize your lineup.

Fantasy rankings for Week 5: For your convenience, these position-by-position rankings were updated for this week’s games.

Start ’em and sit ’em for Week 5: Here is where we list of eight players to start, and eight to sit this weekend. Such as why you should sit Joe Burrows, but start Justin Fields.

Start ’em /sit ’em by position: QBs | RBs | WRs | TEs | Kickers | Defenses/special teams

Risers and fallers: Find out why Aaron Rodgers, D’Andre Swift, and Jayden Reed and Dontayvion Wicks are looking up, and Kyler Murray, Bijan Robinson and Brandon Aiyuk are trending down.

Fantasy trade value charts: These charts can be used as your very own fantasy football trade analyzer in standard, half-PPR (point per reception), and full PPR leagues.

Week 5 NFL schedule

(All times Eastern)

Thursday

Atlanta Falcons 36, Tampa Bay Buccaneers 30 (OT)

Sunday

New York Jets at Minnesota Vikings (in London), 9:30 a.m. (NFL Network)
Carolina Panthers at Chicago Bears, 1 p.m. (FOX)
Baltimore Ravens at Cincinnati Bengals, 1 p.m. (CBS)
Buffalo Bills at Houston Texans, 1 p.m. (CBS)
Indianapolis Colts at Jacksonville Jaguars, 1 p.m. (CBS)
Miami Dolphins at New England Patriots, 1 p.m. (FOX)
Cleveland Browns at Washington Commanders, 1 p.m. (FOX)
Las Vegas Raiders at Denver Broncos, 4:05 p.m. (FOX)
Arizona Cardinals at San Francisco 49ers, 4:05 p.m. (FOX)
Green Bay Packers at Los Angeles Rams, 4:25 p.m. (CBS)
New York Giants at Seattle Seahawks, 4:25 p.m. (CBS)
Dallas Cowboys at Pittsburgh Steelers, 8:20 p.m. (NBC)

Monday

New Orleans Saints at Kansas City Chiefs, 8:15 p.m. (ESPN/ESPN2)

Bye week: Detroit Lions, Los Angeles Chargers, Philadelphia Eagles, Tennessee Titans

Get your daily dose of sports with the Morning Win!

For The Win’s daily sports newsletter pairs the latest news from around the sports world with the smartest − yet somewhat irreverent – takes from FTW’s staff.

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From the YouTube algorithm

The Cowboys and Steelers play this week, so it’s only natural to revisit the epic clashes that these two stories franchises have had over the years. Most notably, how these two teams have met three times in the Super Bowl, which is the most rematches, with the Steelers holding a 2-1 edge.

Fans of the 1970s NFL can debate which Super Bowl encounter of that era was better — X or XIII — but what might not be up for debate is how Super Bowl XIII might have enjoyed the greatest collection of talent of any game in NFL history.

Super Bowl XIII, the game, was a wild one. The Steelers built a 35-17 lead in the fourth quarter, but the Cowboys stormed back with a frenzied rally that fell just short. This game also featured one of the most heart-wrenching plays in Super Bowl history, which resulted in the famous call from Verne Lundquist: ‘Bless his heart, he’s got to be the sickest man in America.’

If you enjoy reading 4th & Monday , encourage your football fan friends to subscribe . Follow the gamesomely gallant writer of this newsletter on X and/or Threads @jimreineking .

This post appeared first on USA TODAY

Taiwan’s de facto U.S. ambassador is warning that China, Iran and Russia are forming an ‘alliance’ that the rest of the world should be ready for.

It comes days after Secretary of State Antony Blinken said the three autocratic countries were working together but not an ‘axis,’ as they have so often recently been called.

‘They’re working together, that’s for sure, whether that’s an axis or an alliance’ Alexander Yui, Taiwan’s representative to the U.S., told Fox News this week.

‘And as you know, it’s up to anyone to define it. But there were certainly there are symptoms, signs that they’re working together.’

During the interview, Yui also suggested that Taiwan’s government was in touch with both Vice President Harris and former President Trump’s circles to be prepared for whatever comes next in U.S. relations.

‘The whole world is watching, and I’m sure the diplomatic community here in Washington, D.C., is also watching closely and [trying] to reach out to both candidates or to the people around the candidates,’ Yui said.

Blinken penned an op-ed in Foreign Affairs Magazine on Oct. 1 that said world powers were in competition to set the stage for a ‘new age’ of international relations.

‘A small number of countries — principally Russia, with the partnership of Iran and North Korea, as well as China — are determined to alter the foundational principles of the international system. While their forms of governance, ideologies, interests, and capabilities differ, these revisionist powers all want to entrench autocratic rule at home and assert spheres of influence abroad,’ the Biden administration official wrote.

‘While these countries are not an axis, and the administration has been clear that it does not seek bloc confrontation, choices these revisionist powers are making mean we need to act decisively to prevent that outcome.’

Meanwhile, national security hawks on the right and left have warned that those four regimes were forging an unholy alliance not seen since WWII.

Both House Speaker Mike Johnson, R-La., and Senate Minority Leader Mitch McConnell, R-Ky., called them a new ‘axis of evil.’

Rep. Steny Hoyer, D-Md., House Democrats’ former majority leader, said after President Biden’s address on Israel and Ukraine in October 2023, ‘We face a new axis of evil today. The dictators, despots, and dealers of destruction leading Russia, North Korea, Iran, and Iranian proxies like Hamas and Hezbollah stand together in their assault on democracy.’

This post appeared first on FOX NEWS

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It is a bull market for stocks. On the chart below, the S&P 500 SPDR (SPY) recently broke rim resistance of a cup-with-handle pattern and is trading near a 52-week high. The S&P 500 EW ETF (RSP) recorded a new high in late September and is leading the market since July as the bull market broadened. Moreover, over 75% of S&P 500 stocks are trading above their 200-day SMAs.

And that’s not all. As noted in our weekly reports/videos, QQQ and the Mag7 ETF (MAGS) broke out of triangle consolidations. We can also add narrow yield spreads, a dovish Fed and the Chinese bazooka to the equation. Which brings me to the question: What more do bulls want? Answer: Nothing. October is here and an election looms so we may see above average volatility. Even so, the weight of the evidence is clearly bullish for stocks. Volatility is the price of admission.

In our weekly report/video, we highlighted our top three AI stocks. Two of these broke out in late September and one remains within a bullish continuation pattern. The chart below shows Broadcom (AVGO) hitting a new high in June and trading well above the rising 200-day SMA (red line). After hitting a new high, the stock consolidated with a triangle into September. This is a consolidation within an uptrend, which makes it a bullish continuation pattern. AVGO broke out in late September and this breakout signals a continuation of the long-term uptrend.

Check out TrendInvestorPro to see the other two AI stocks, read our weekly report and get access to two invaluable reports with videos. One shows how to find bullish setups with high reward potential and low risk. The other shows how to use breadth indicators to identify capitulation, thrust signals, oversold conditions and market regime. These reports alone are worth the price of admission.

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As a bull market reaches an exhaustion point, market breadth indicators often tend to diverge from the price action of the benchmarks. This “breadth divergence” occurs as leading names begin to falter, and initial selling drives some stocks down to new swing lows.  

Today, we’ll review three market breadth indicators, outline what tends to happen at the end of a bull phase, and describe what we’d need to see to confirm a likely market top based on historical topping phases.

New 52-Week Highs on the Decline

As I discussed with my guest Mark Newton earlier this week, one of the most effective ways to gauge a potential market top is to watch for a decline in the percent of stocks making new 52-week highs.

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In a bull market phase, it makes sense for more and more stocks to be achieving this feat. But as a bull market matures, fewer and fewer names are pushing higher, and this indicator tends to diverge from the price action.

At its highest level in mid-September, we observed about 20% of the S&P 500 members making a new 52-week high on the same day. By Thursday of this week, that number was down around 5-6%. So, while some stocks are still pounding higher, fewer and fewer names appear to be participating in the uptrend.

More Stocks are Breaking Their 50-day Moving Average

This next chart features two indicators based on the percent of stocks above their moving averages. The top panel represents the percent of S&P 500 members above their 200-day moving average, which I consider a decent way of measuring long-term breadth conditions.

When the S&P 500 index pulled back in April and August, this indicator remained well above the 50% level, confirming that most stocks remained in a primary uptrend despite the short-term weakness. When we instead use the 50-day moving average, shown in the bottom panel, we can see that this week the measurement dipped below 75%.

I have often found that tactical market pullbacks are marked by this indicator breaking below the 75% level, as that suggests that stocks which had been trending higher are now breaking down below this short-term measure of trend.

Watching the Bullish Percent Index for a Key Bearish Signal

Finally, we can use point & figure charts to create a breadth indicator called the Bullish Percent Index.  Over the last couple weeks, this indicator has pushed above 80%, which represents one of the highest levels in recent years.  This confirms that four out of every five S&P 500 members are showing a bullish signal on their point & figure charts.

In this situation, I like to watch for the Bullish Percent Index to dip back below 70%. That will show that some of those strong point & figure charts are starting to register sell signals, which would mean the price action has changed from bullish to bearish. For now, this indicator remains comfortably about the 70% level, but, based on historical data, that signal could signal a death knell for the bull market phase.

Market breadth indicators are so valuable as they allow investors to look “under the hood” to assess real market conditions from the hundreds of stocks that comprise our major indexes. While these readings remain largely construction for now, these charts could provide fantastic signals of a new pullback phase in October.

RR#6,

Dave

P.S. 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.

After Friday’s stellar jobs report—254,000 jobs added in September vs. the Dow Jones forecast of 15,000—stocks and Treasury yields initially reacted with a big jump. The data confirms the strength of the labor market and the US economy.

Let’s not forget, though, that a devastating hurricane ripped through six states, leaving people homeless, isolated, and without power. The hurricane would have caused job losses, especially in the services sector. We’ll know more in the next jobs report. Fortunately, the US dockworkers’ strike was short-lived, so its impact may have been very light.

The Macro Picture

The stronger-than-expected September jobs report resulted in increased investor optimism. In addition to a large increase in new jobs, unemployment fell to 4.1%, and average hourly earnings are up by 0.4%.

The broader stock market indexes closed higher into the close, which is unusual price action for a Friday when too many uncertainties are lingering. The daily chart of the S&P 500 ($SPX) below shows that after hitting an all-time high on September 26, the index pulled back close to its 21-day exponential moving average (EMA). Thursday’s doji candlestick represents indecision, and Friday’s jobs report reversed the indecision to optimism.

CHART 1. S&P 500 REMAINS BULLISH. The index bounced off its 21-day EMA with expanding market breadth. The number of 52-week highs outnumbers the new 52-week lows.Chart source: StockCharts.com. For educational purposes.

Overall, the S&P 500’s trend is bullish, and market breadth is expanding, with new 52-week highs greater than new 52-week lows.

The Nasdaq Composite ($COMPQ) closed above its August high (see chart below). Market breadth, measured by different indicators than those in the chart of the S&P 500, is also expanding.

CHART 2. NASDAQ BOUNCES ABOVE AUGUST HIGH. The Nasdaq has been trading sideways since its August high. Will today’s breakout from that high have enough momentum for follow-through action? The market breadth indicators give mixed signals.Chart source: StockCharts.com. For educational purposes.

The Nasdaq Composite Bullish Percent Index (BPI) is at 55.67, indicating slight bullishness. The Nasdaq Percent of Stocks above their 200-day moving average is at 44.54, which is relatively low, but it is trending higher. The Nasdaq Advance-Decline Line is trending lower, which is a little concerning. The Nasdaq hasn’t been as strong in its recovery as the S&P 500 and the Dow Jones Industrial Average ($INDU), which again eked out a record close.

Small-cap stocks rallied the most of the indexes featured in the StockCharts Market Overview panel on Your Dashboard. After falling below the trading range it’s been in for the last month, the S&P 600 Small Cap Index ($SML) is back within the range (area between dashed blue horizontal lines).

CHART 3. SMALL-CAP STOCKS TICK HIGHER. After Thursday’s price action, small-cap stocks picked up strength and made it back to close within their trading range. Advanced outnumber has declined, and the percentage of stocks trading above their 50-day moving average is also trending higher.Chart source: StockCharts.com. For educational purposes.

The market breadth indicators in the lower panel show that market breadth for $SML is also improving. The percentage of $SML stocks trading above their 50-day moving average is trending higher, and the number of advances and volume advance percent is higher.

The bond market also reacted strongly to the jobs report. Treasury yields rose after the news broke, with the 10-year US Treasury yield closing up 3.4% at 3.98%. This supports the notion that the Fed will likely slow down the pace of rate cuts. The CME FedWatch Tool reflects the probability of a 25 basis point interest rate cut in the Fed’s November 7 meeting at 98.9%.

Another important area to watch is volatility. The Cboe Volatility Index ($VIX) pulled back on Friday, closing at 19.21. But don’t be surprised to see it tick back up. Geopolitical turbulence is still front and center, and there’s an important election one month away. Investors should tread carefully, since any event could cause a volatility spike and change the picture.

Sector Performance

Crude oil prices rose this week, mostly due to Middle East tensions. The Energy sector was a laggard in the last several months, but it has now broken out of its downward-sloping trendline, ending the week as the top-performing sector.

The daily chart of XLE clearly shows a reversal in energy prices.

CHART 4. ENERGY SELECT SECTOR SPDR (XLE) BREAKS OUT. Rising geopolitical turbulence lifts oil prices higher. The S&P Energy Sector BPI also spiked, showing bullish dominance.Chart source: StockCharts.com. For educational purposes.

The S&P Energy Sector BPI spiked higher to 68.18 putting it into bullish territory. If tensions continue to escalate in the Middle East, oil prices could rise further.

To identify the stocks in the sector, pull up the StockCharts MarketCarpet, select 5D Change from the Color By dropdown menu, and click on Energy (see image below).

ENERGY SECTOR MARKET CARPET. It’s easy to see which were the top gainers in the sector. The table on the right can be sorted in ascending or descending order. Double click on any box to see the Symbol Summary page for the ticker symbol.Image source: StockCharts.com.

The table on the right shows the top-performing stocks in the sector.

Create a ChartList of energy stocks and populate it with the stocks listed in the table. Top performers as of this writing are Diamondback Energy (FANG), Williams Cos., Inc. (WMB), APA Corporation (APA), Occidental Petroleum (OXY), and Marathon (MRO). And don’t forget Vistra Energy (VST), the top StockCharts Technical Rank stock.

Before adding the stocks to your ChartList, you may want to analyze each one more closely. Double-clicking on the box of any stock will open the Symbol Summary page for the selected symbol.

Other Areas To Consider

Metals and stocks of Chinese companies have also been rallying. Gold, silver, and copper prices saw significant rises. The iShares China Large-Cap ETF (FXI) gapped higher, hitting a new 52-week high. Our blog posts cover both topics deeply, so check out the articles.

The first trading week of October ends on a strong note. But it is October, and historically, the month tends to be volatile, especially in an election year. Plus, earnings season kicks off at the end of next week. This means there’s all the more reason to be cautious.

End-of-Week Wrap-Up

S&P 500 closed up 0.22% for the week, at 5751.07, Dow Jones Industrial Average up 0.09% for the week at 42,352.75; Nasdaq Composite closed up 0.10% for the week at 18,137.95$VIX up 13.27% for the week, closing at 19.21Best performing sector for the week: EnergyWorst performing sector for the week: Consumer StaplesTop 5 Large Cap SCTR stocks: Vistra Energy Corp. (VST); KE Holdings, Inc. (BEKE); JD.com, Inc. (JD); Applovin Corp (APP); Carvana (CVNA)

On the Radar Next Week

Fed speechesSeptember Consumer Price Index (CPI)September Producer Price Index (PPI)Earnings season kicks off with JP Morgan Chase (JPM), Wells Fargo (WFC), and Delta Airlines (DAL)

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.

Thousands of dockworkers on the East Coast and Gulf Coast will return to work after reaching a tentative agreement on wages, ending one of the biggest work stoppages in decades.

In a joint statement, the United States Maritime Alliance, or USMX, and the International Longshoreman’s Association said the two sides have an agreement to extend their current labor contract through Jan. 15 and continue to negotiate.

‘The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have reached a tentative agreement on wages,’ the union and the alliance said.

‘Effective immediately, all current job actions will cease and all work covered by the Master Contract will resume,’ the statement said.

The terms of the tentative wage agreement were not disclosed in the joint statement.

The International Longshoremen’s Association, known as the ILA, argued that big global cargo carriers have raked in huge profits since pandemic-era supply-chain snags drove up freight rates, and that workers haven’t sufficiently shared in those gains.

The United States Maritime Alliance, or USMX, represents major ocean freight and port operators. 

The union also sought limits on automation at ports. The joint statement only mentions wages.

The strike began at midnight Monday, going into Tuesday. The ILA strike that shut down ports is its first since 1977. That one lasted 44 days.

The work stoppage involved ports from Maine to Texas. The governors of New York, New Jersey, Massachusetts and Maryland were among those calling for a swift resolution to the labor dispute.

President Joe Biden on Thursday praised both sides for finding a way to get a tentative deal done so that ports can reopen and talks can continue.

‘Today’s tentative agreement on a record wage and an extension of the collective bargaining process represents critical progress towards a strong contract,’ Biden said.

The tentative wage agreement and resumption of the contract appears to end fears of higher prices for consumers and supply-chain issues had the stoppage dragged on. It also temporarily quiets a contentious labor issue with around a month left to go in the U.S. presidential campaign.

Biden had publicly urged USMX to make what he called a fair offer, and he said the alliance represents a group of foreign-owned carriers.

“Now is not the time for ocean carriers to refuse to negotiate a fair wage for these essential workers while raking in record profits,” Biden said in a statement Tuesday.

On Wednesday, with no deal in place, Biden increased the pressure by having White House Chief of Staff Jeff Zients convene a meeting with CEOs of foreign carriers for Thursday, said sources familiar with the thinking of Biden and the White House.

National Economic Council Director Lael Brainard was able to get global shippers to increase their offer, although still not quite enough, the sources said.

Zients, Brainard, Transportation Secretary Pete Buttigieg and acting Secretary of Labor Julie Su had a 5:30 a.m. call on Thursday with the shippers on Thursday, who by midday had agreed to move forward with the wage increases to reopen ports, the sources said.

The union and USMX will still need to come to terms on the question of automation, which has emerged as a more existential issue. Ports around the world have embraced technology that can make shipping faster, cheaper and safer, with U.S. ports now regularly lagging behind international ports in efficiency.

A Government Accountability Office report from this year found that U.S. ports had embraced some automation, but that labor opposition as well as cost were hindering the adoption of automation technology.

As for any lingering effects from the brief work stoppage, the number of ships waiting to dock has already started to decline, and no major disruptions are expected to be felt by consumers. Everstream Analytics, a supply chain risk management company, told NBC News that it will take about three weeks to clear the backlog.

This post appeared first on NBC NEWS