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Join USA TODAY’s NFL Survivor Pool now! $5K cash prize

Thursday’s NFL season kickoff means one thing: USA TODAY’s Survivor Pool is officially back.  

While not everyone can be crowned a Super Bowl champion, the Survivor Pool is anyone’s to win. Keep picking winners and outlast everyone else, and you could walk away with a cash prize of $5,000. 

Survive and advance — sounds simple enough, right? 

There are just a few twists. You can only choose each team once throughout the entire tournament. So if you’re thinking of relying on powerhouse teams like the Chiefs, Ravens or 49ers week after week, think again because they’ll be off the table after you’ve picked them once.

If you miss any selections in a round, you are automatically eliminated. And, of course, every pick must be correct for you to advance to the next round. Plus, if your pick is successful, your team’s margin of victory will be added to a bank to break any potential ties. 

PLAY TO WIN $5K: USA TODAY’s Pro Football Survivor Pool is free to enter. Sign up now!

So, there’s more strategy than meets the eye. Success rests on picking the right team each week and knowing when to back a Super Bowl contender versus saving them for a tougher matchup further down the line. It’s all about timing — knowing when to play it safe and when to take a calculated risk.

You can’t advance if you lose early, but you also don’t want to find yourself in a position later on where only teams with losing records remain eligible for you to pick. However, it’s important to remember that while you can’t select the same team to win each week, nothing is stopping you from picking the same teams to lose each week.

For example, the Saints are far from the best team in the league, but they could be a smart choice for Week 1 as they face a long-struggling Panthers squad. Choosing them now will allow you to save powerhouse teams for later. On the flip side, while the Ravens had the best regular-season record last year, Week 1 might not be the ideal time to pick Baltimore as it faces the reigning Super Bowl champion (even though it’s definitely tempting to back Lamar Jackson in his self-proclaimed “revenge game” after last year’s AFC championship game loss to Kansas City).

Odds for NFL Week 1

To help with your first picks, let’s dive into the odds for Week 1. (All point spreads provided by BetMGM, although the Survivor Pool requires only a straight-up victory.)

Ravens (+3) at Chiefs
Packers (+2.5) at Eagles
Jaguars (+3.5) at Dolphins
Steelers (+3) at Falcons
Vikings (-1.5) at Giants
Panthers (+4) at Saints
Patriots (+8) at Bengals
Titans (+4) at Bears
Cardinals (+6.5) at Bills
Texans (-3) at Colts
Raiders (+3) at Chargers
Broncos (+6) at Seahawks
Commanders (+3) at Buccaneers
Cowboys (+2,5) at Browns
Rams (+3.5) at Lions
Jets (+4) at 49ers

What is a survivor pool?

The Survivor Pool is a high-stakes competition where participants pick one team to win an NFL game each week. So, there will be 16 correct answers each week. However, there’s a catch: one wrong pick, and you’re out for the season. It may seem straightforward, but the challenge intensifies as you can’t choose the same team more than once. 

How it works

So let’s recap:

1. Join USA TODAY’s Survivor Pool.

2. Survive the longest with the highest points differential, and you’ll be in the running to win a $5,000 cash prize. (must meet eligibility requirements)

Gannett may earn revenue from sports betting operators for audience referrals to betting services. Sports betting operators have no influence over nor are any such revenues in any way dependent on or linked to the newsrooms or news coverage. See applicable operator site for its terms and conditions. If you or someone you know has a gambling problem, help is available. Call the National Council on Problem Gambling 24/7 at 1-800-GAMBLER. Must be 21 or older to gamble.

This post appeared first on USA TODAY
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Sports

Team USA athlete wins 21st career Paralympic medal

Team USA’s Tatyana McFadden can truly do it all. 

McFadden, 35, earned her 21st career Paralympic medal Wednesday, tying her with Bart Dodson for the most Paralympic track and field medals won by a U.S. athlete.

McFadden secured the silver medal in the women’s T54 100m, a category for wheelchair racers, in a time of 15.67 seconds. She finished behind Belgium’s Lea Bayekula, who set a new Paralympic record of 15.50 seconds. Finland’s Amanda Kotaja took the bronze in 15.77 seconds. 

“The accomplishment is absolutely wonderful, just to stay in the longevity of the sport, and, really, not giving up, and just keep going through anything that can happen — through injuries, through races that you’ve lost or that you’ve won,” McFadden told NBC after her runner-up finish. “I’ve really learned it’s the journey along the way.”

This silver medal performance marks McFadden’s first podium finish at the Paris Paralympic Games. 

2024 Paris Olympics: Follow USA TODAY’s coverage of the biggest names and stories of the Games.

On top of her extensive disability advocacy, McFadden has participated — and medaled — in every Summer Paralympics since Athens 2004. The American has consistently won medals across a range of distances from the 100m to the 5,000m on the track, and even in the marathon. She has even tried her hand at the Winter Paralympics, winning silver in the 1km sprint in cross-country skiing at the 2014 Sochi Paralympic Games. 

McFadden is set to race in the women’s T54 400m Thursday, an event she won gold in at both the London 2012 and Rio 2016 Paralympics. Additionally, she will compete in the women’s T54 marathon on the morning of Sept. 8. McFadden is a five-time New York City Marathon champion and won silver in the 26.2-mile race at the Rio Games.

This post appeared first on USA TODAY
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Sports

Kelce brothers kick off new podcast season talking Chiefs three-peat

The long offseason wait is finally over and football fans can rejoice.

While that won’t officially be true for the NFL until tomorrow night’s opening game, a new season for Jason and Travis Kelce’s popular ‘New Heights’ podcast kicked off Wednesday morning.

With a new distribution deal (worth a reported $100 million over three years) with Amazon’s Wondery in hand, the Kelces followed their familiar formula of brotherly banter, mixed in with plenty of NFL discussion for 83 minutes ‒ the first 13 of which were taken up by sponsorship announcements, product endorsements and upcoming appearances.

When they finally got down to talking football, Travis Kelce described the mindset of his Kansas City Chiefs as they begin their quest for an unprecedented third consecutive Super Bowl title.

‘You don’t get to the Super Bowl by thinking about winning the Super Bowl, you get to the Super Bowl by slowly creating this routine of success ‒ week in, week out,’ the four-time All-Pro tight end said.

PLAY TO WIN $5K: USA TODAY’s Pro Football Survivor Pool is free to enter. Sign up now!

‘We know that it’s a process that you have to go through. You can’t peak too soon. You can’t look that far in advance and just assume that you’re going to be there.’

As the reigning Super Bowl champs, Kelce and the Chiefs will host the NFL’s prime-time season-opener Thursday night against the Baltimore Ravens.

The game will be a rematch of last year’s AFC championship, which the Chiefs won 17-10 in Baltimore.

Travis Kelce gets shout-out from LeBron James

Among the topics the Kelce brothers discussed Wednesday was a recent interview with NBA superstar LeBron James, in which the one-time football-playing tight end picked his ‘Mount Rushmore’ of NFL players at the position.

His first selection: Travis Kelce.

Rounding out the list, James tabbed Kellen Winslow, Shannon Sharpe and Tony Gonzalez ‒ before realizing he left out Rob Gronkowski. (So Gonzalez had to take a seat on the bench.)

‘I feel like the guys that have played before me helped make the league,’ Travis commented, ‘so that I could have the success I’ve had.’

Travis Kelce highlights new teammates

The Chiefs have a few new faces on this year’s roster, so Jason asked Travis about some of them.

On rookie WR Xavier Worthy: ‘He’s intelligent … he can see things and react to it … and on top of that he has absolute speed that is unworldly.’
On undrafted FB Carson Steele: ‘I think he’s a little bit more than a fullback. He’s athletic and he can do some things with the ball in his hand. On top of that, he’s a big special teams guy. A whatever-you-need-me-to-do-coach kind of guy.’
On veteran WR Marquise ‘Hollywood’ Brown, who’s currently out with a shoulder injury: ‘He’s excited to be able to play with Pat Mahomes in this offense … He’ll be an asset for him when he gets back out there.’

Travis Kelce, new thoroughbred racehorse owner

Over the offseason, Kelce joined his friends the Zoldan family, owners of Phantom Fireworks, in purchasing a major share of a 3-year-old gelding by the name of Swift Delivery.

‘I had one of the best times ever at the (Kentucky) Derby this year,’ he said. ‘I got on board because it was fun and I could team up with a good friend of mine.’

As many people have pointed out, it also didn’t hurt to have the horse share a name with his girlfriend, Taylor Swift.

Jason Kelce offers outsider’s view of Philadelphia Eagles

After 13 seasons with the Philadelphia Eagles, Jason Kelce announced his retirement from the NFL this past March.

However, he still maintains strong ties to his former team.

‘I think they’re going to be really good. I think Jalen Hurts is going to have a bounce-back year,’ he said, in a nod to what was a mostly successful 11-6 season. However, the team faded badly down the stretch, losing five of their last gix games and losing badly in the first round of the playoffs.

‘Last year, there was a lot in place after losing the previous coordinators in Shane Steichen and Jonathan Gannon. And for whatever reason, it didn’t work,’ Kelce said.

The Eagles open their season in Brazil on Friday night against the Green Bay Packers.

Jason Kelce will still get his football fix this season as an analyst on ESPN’s Monday Night Football pregame show.

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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Sports

Viral Olympic breaker, defends herself amid ‘conspiracy theories’

SYDNEY — Australian Rachael ‘Raygun’ Gunn has defended her breakdancing skills and suggested much of the criticism she received for her performance at the Paris Olympics last month was born of ignorance of the sport.

Gunn became an overnight sensation after losing all three of her round robin battles by a combined score of 54-0 when breaking made its Olympic debut at the Place de la Concorde.

The university lecturer was mocked online and in the mainstream media for everything from her moves to her green official team uniform in a frenzy of criticism she described as ‘alarming’.

The 37-year-old said she knew the odds were against her going into the competition but maintained that she was the best female breaker in Australia.

‘I think my record speaks to that,’ she told Australia’s Channel 10 TV in her first interview since the Games.

2024 Paris Olympics: Follow USA TODAY’s coverage of the biggest names and stories of the Games.

‘I was the top ranked Australian B girl in 2020 and 2022, and 2023 … so the record is there. But anything can happen in a battle.’

Gunn said she had received plenty of support as well as the brickbats but admitted it was sad to hear criticism from other Australian breakers.

‘I am very sorry for the backlash that the community has experienced, but I can’t control how people react,’ she added.

‘Unfortunately, we just need some more resources in Australia for us to have a chance to be world champions.

‘In the last year, I have trained my hardest … I have really put my body through it, put my mind through it. But if that’s not good enough for someone, what can I say?’

Gunn said a lot of the criticism came from people who just did not understand the different styles of breaking and what she was trying to achieve in the competition.

‘It was really sad how much hate that it did evoke,’ she said.

‘And a lot of the responses is also just due to people not being very familiar with breaking and the diversity of approaches in breaking.

‘(But) the energy and vitriol that people had was pretty alarming.’

An online petition accusing Gunn of manipulating the qualification procedure to earn her Paris spot attracted 50,000 signatures before it was removed at the request of the Australian Olympic Committee.

‘The conspiracy theories were just awful,’ Gunn said. ‘That was really upsetting, because it wasn’t just people that didn’t understand breaking and were just angry about my performance.

‘It was people that are now attacking our reputation and our integrity. And none of them were grounded in any kind of facts. People still don’t believe the truth, but … I think that’s just going to be part of our reality, unfortunately.’

Gunn said she was unlikely to be competing again any time soon but was confident she would come through her Paris experience relatively unscathed.

‘I’ll survive, I’m all right,’ she concluded. ‘I would rather much focus on the positives out of this, and the positive responses and the joy that I brought people.’

This post appeared first on USA TODAY
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Politics

Bezos’ Amazon and Blue Origin back Harris as Alexa gushes over VP

While videos circulate online of Amazon’s Alexa giving vastly different answers when asked to make a quick argument for voting for Vice President Harris versus voting for former President Trump, federal donor records show the tech giant’s employees have a clear favorite.

A review of a Federal Election Commission database shows employees at Jeff Bezos’ companies Amazon and Blue Origin have contributed significantly to VP Kamala Harris’ campaign. 

According to the nonpartisan research group OpenSecrets, Amazon donors have contributed $1,000,140 to Vice President Kamala Harris during the 2024 election cycle. Blue Origin workers donated much less to the Harris’ campaign, at roughly $27,000.

Overall, just over 73% of contributions from Amazon-affiliated donors have gone to Democrats, while Republicans have received nearly 27%. In comparison, Meta donors have directed 87% of their contributions to Democrats and almost 13% to Republicans. 

Alphabet — Google’s parent company — donors have also favored Democrats, providing 82.23% of their contributions, with 17.77% going to Republicans. OpenSecrets notes that these donations are from individuals affiliated with the companies, not from the companies themselves, as organizations are barred from contributing to candidates or party committees.

The online marketplace giant hasn’t deviated from its previous donations. During the 2020 election, Amazon funneled millions of dollars to the then-candidate Joe Biden — far more than contributors gave to Republican Donald Trump.

Figures published by the Center for Responsive Politics show that Amazon workers gave more than $2.22 million to Biden’s presidential campaign during the election, and $934,747 to the DNC Services Corp., the Democratic National Committee’s PAC account.

Replicating queries seen elsewhere on social media videos, Fox News Digital asked Amazon’s Alexa questions about the presidential race. ‘Why should I vote for Trump?’ we asked. But Alexa declined to provide such information.

‘I cannot provide responses that endorse any political party or its leader,’ the virtual assistant responded.

Tested by Fox News Digital another time, Alexa gave a similar answer when asked about Trump. 

‘I cannot promote content that supports a certain political party or a specific politician,’ Alexa said. ‘Furthermore, I do not have the ability to provide information regarding the policies of the U.S. government. The responsibility of providing information regarding the policies of the U.S. government lies with the government itself.’ 

Big Tech has come under tough scrutiny in the last eight years for reportedly censoring content from conservatives and suppressing information related to COVID-19 during the pandemic. 

‘This was an error that was quickly fixed,’ an Amazon spokesperson told Fox News Digital on Wednesday.

Fox News Digital’s Megan Henney and Danielle Wallace contributed to this report.

This post appeared first on FOX NEWS
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Politics

Lindsey Graham puts Amazon ‘on notice’ over Alexa’s potential election interference

: Sen. Lindsey Graham, R-S.C., issued a stern warning to Amazon after its virtual assistant technology, Alexa, was found to be politically biased in favor of Vice President Kamala Harris over former President Trump. 

Graham, the ranking member of the Senate Committee on the Judiciary, told Amazon president and CEO Andrew Jassy in a letter he was putting him ‘on notice that I will not allow this to go unaddressed.’

On Tuesday, videos of interactions with Alexa went viral as the technology responded to queries on why someone should vote for Harris or why they should vote for Trump. 

When Fox News Digital questioned the technology about why they should vote for Trump, Alexa said, ‘I cannot promote content that supports a certain political party or a specific politician.’ 

‘Furthermore, I do not have the ability to provide information regarding the policies of the U.S. government. The responsibility of providing information regarding the policies of the U.S. government lies with the government itself,’ the Amazon technology said. 

But when it was asked why someone should vote for Harris, Alexa said, ‘While there are many reasons to vote for Kamala Harris, the most significant may be that she is a woman of color who has overcome numerous obstacles to become a leader in her field.’ 

‘Additionally, her experience as a prosecutor and her record of accomplishment in the areas of criminal justice and immigration reform make her a compelling candidate,’ it added. 

Social media quickly erupted with discussion on the stark difference between the two answers given by Amazon’s product. 

Amazon later said it corrected Alexa’s responses, claiming the disparity was an ‘error.’

‘This was an error that was quickly fixed,’ a spokesperson for the company told Fox News Digital on Tuesday. 

Graham claimed in his letter to Jassy that the ‘radically different responses suggest that Amazon technology is interfering in the election in favor of one political candidate.’

‘There’s a widespread belief among conservatives that companies like yours have a distinct bias in favor of liberal causes,’ he noted. 

And, according to the senator, the ‘shocking interaction’ between Alexa and users is ‘exhibit A of the problem’ in the minds of conservatives. 

Graham told the Amazon executive he expected a ‘prompt reply as to what happened here and what corrective actions will be taken in the future.’

Amazon did not immediately provide comment to Fox News Digital.

Fox News Digital’s Danielle Wallace contributed to this piece. 

This post appeared first on FOX NEWS
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Business

Nvidia’s $279 billion wipeout — the biggest in U.S. history — drags down global chip stocks

Global semiconductor and associated stocks fell on Wednesday, following a steep plunge in Nvidia’s share price in the U.S. overnight.

In the U.S., chipmaker Nvidia plunged more than 9% in regular trading, leading semiconductor stocks lower amid a sell-off on Wall Street. Economic data published Tuesday resurfaced jitters about the health of the U.S. economy. Nvidia shares continued sliding in post-market trading Tuesday, falling 2%, after Bloomberg reported that the company received a subpoena from the Department of Justice as part of an antitrust investigation.

Around $279 billion of value was wiped off of Nvidia on Tuesday, in the biggest one-day market capitalization drop for a U.S. stock in history. The previous record was held by Facebook-parent Meta, which suffered a $232 billion fall in value in a day in February 2022.

Nvidia’s value chain extends to South Korea, namely, memory chip maker SK Hynix and conglomerate Samsung Electronics.

Samsung shares closed 3.45% lower, while SK Hynix, which provides high bandwidth memory chips to Nvidia, slid 8%.

Tokyo Electron dropped 8.5%, while semiconductor testing equipment supplier Advantest shed nearly 8%.

Japanese investment holding company SoftBank Group, which owns a stake in chip designer Arm, fell 7.7%.

Contract chip manufacturer Taiwan Semiconductor Manufacturing Company declined more than 5%. TSMC manufactures Nvidia’s high-performance graphics processing units which power large language models — machine learning programs that can recognize and generate text.

Taiwan’s Hon Hai Precision Industry — known internationally as Foxconn — lost nearly 3%. It has a strategic partnership with Nvidia.

The selling in Asia filtered through to European semiconductor stocks. Shares of ASML, which makes critical equipment to manufacture advanced chips, fell 5% in early trade. Other European names such as ASMI, Be Semiconductor and Infineon, were all lower.

This post appeared first on NBC NEWS
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Politics

House GOP subpoenas Tim Walz over $250M COVID fraud scheme by Minnesota nonprofit

House Republicans sent a subpoena to Minnesota Gov. Tim Walz, Vice President Kamala Harris’ 2024 running mate, over his administration’s handling of taxpayer funds during the COVID-19 pandemic.

The subpoenas, sent by the House Education and Workforce Committee, center on a $250 million fraud scheme by a Minnesota-based nonprofit called Feeding Our Future, which the Department of Justice (DOJ) previously accused of having ‘exploited a federally-funded child nutrition program during the COVID-19 pandemic.’

Feeding Our Future was accused of defrauding a federal program to feed hungry children by creating fake attendance rosters with the names and ages of children who do not exist and falsifying invoices to portray food purchases to feed those children. 

At least 70 people were charged in connection to the scheme, and five have been found guilty.

Committee Chair Virginia Foxx, R-N.C., wrote in a letter to accompany Walz’s subpoena, ‘As the chief executive and the highest ranking official in the state of Minnesota, you are responsible for the [Minnesota Department of Education] and its administration of [Federal Child Nutrition Programs].’

‘Statements in the press by you and your representatives indicate that you and other executive officers were involved, or had knowledge of, MDE’s administration of the FCNP and responsibilities and actions regarding the massive fraud,’ Foxx wrote.

In addition to targeting Walz, Foxx also sent subpoenas to Minnesota Commissioner of Education Willie Jett and Biden administration Secretary of Agriculture Tom Vilsack. 

A spokeswoman for Walz told Fox News Digital in response to the subpoena, ‘This was an appalling abuse of a federal COVID-era program. The state department of education worked diligently to stop the fraud, and we’re grateful to the FBI for working with the department of education to arrest and charge the individuals involved.’

Past local reporting indicates Walz’s administration did take steps to investigate and account for the massive fraud scheme. The Sahan Journal reported that the MDE contacted the FBI about suspected fraud by the nonprofit in April 2021.

The same report indicates the MDE resumed funding to the 26 nonprofits working with Feeding Our Future the next month, but rejected applications from the group for new food sites.

House Republicans have heightened their scrutiny into Walz — both his administration and his personal past — since he was named the Democratic vice presidential candidate last month.

The House Oversight Committee previously opened an investigation into Walz’s connections to China.

Fox News Digital reached out to the Harris-Walz campaign for comment.

This post appeared first on FOX NEWS
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Politics

Club for Growth pours $5M into tight House races as GOP braces for tough election

A top conservative group is pouring an additional $5 million into six key House races around the country as Republicans fight to hold and expand their razor-thin majority in November.

Club for Growth Action and Win It Back PAC, an affiliated fundraising group dedicated to flipping control of the Democrat-held White House and Senate, are rolling out new ads in Alaska, Arizona, California, New Mexico, Ohio and Pennsylvania on Wednesday.

They plan to flood the airwaves via satellite, streaming and mail, Fox News Digital was told, roughly nine weeks until Election Day on Nov. 5.

‘The past few years, Democrats across the country have made it clear that their priorities are overspending on far-left pet projects and passing pro-criminal and anti-police legislation. After record inflation and putting criminals above law-abiding families, Democrats should expect to be held accountable on Election Day,’ Club for Growth Action President David McIntosh told Fox News Digital.

The 30-second ads paint the Democrats running in each of those districts as soft on crime, accusing them of being ‘radically pro-criminal’ and being ‘for felons, not families.’

Crime and policing is an issue that was pivotal to House Republicans’ 2022 midterm election victory.

Club for Growth’s latest ad buy is seeking to protect vulnerable Reps. David Schweikert, R-Ariz., and Scott Perry, R-Pa. The ads will also target front-line Democrats — Reps. Marcy Kaptur, D-Ohio, Gabriel Vasquez, D-N.M., and Mary Peltola, D-Alaska.

The sixth race being invested in is the open seat that will be vacated by Rep. Katie Porter, D-Calif., which Republicans are eyeing as a possible pickup opportunity.

The heavy spending in blue-leaning districts is an indication that GOP groups are starting to feel bullish again about their chances of keeping and potentially expanding their majority.

It comes as Republicans in the House and Senate battle a wave of donor enthusiasm from the left for Vice President Kamala Harris’ still-new campaign.

Weeks earlier, Rep. Richard Hudson, R-N.C., head of the House GOP campaign arm, the National Republican Congressional Committee (NRCC), warned his colleagues to step up their fundraising.

He confirmed he sounded alarm bells in comments to Fox Business last month.

‘That’s true, and we’ve seen the fundraising on the Democrat side just go through the roof. And so I’ve warned my candidates and my colleagues in the Congress that we’ve got to step up and continue doing the things we need to do to win,’ Hudson said in late August.

He said the response from House Republicans has been ‘great,’ adding, ‘Everyone stepped up. We had a number of people pledge more money to the committee… I think folks are ready for the fight.’

This post appeared first on FOX NEWS
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Stocks

How to Spot a Hedge Fund Trap: MicroStrategy’s Dramatic Plunge

In early 2024, MicroStrategy (MSTR) became a meme stock favorite thanks to its close ties to Bitcoin. If you rode the hype to its peak in March, hopefully you cashed out before hedge funds began shorting it heavily and going long Bitcoin instead.

How would you have known that hedge funds would begin plunging the stock? Like most traders, you probably wouldn’t have direct access to this type of information before it’s too late. But you’d have indirect information from institutional investors’ “footprints” in the market.

Tracing the Impact of Hedge Fund Shorting in MSTR

Pull up your SharpCharts platform, type MSTR in the symbol box, and look at its price action in March. It peaked at $200 a share, which is when hedge funds began shorting the stock.

In the Overlays section below the price chart, add the 200-day simple moving average (SMA). Even though MSTR’s intermediate-term trend is down, its long-term trend is still up, yet it’s currently being challenged.

Clues That Smack of Heavy Short Selling

Here’s what I’m looking at—my complete chart (which you can follow or customize yourself by clicking on this link).

DAILY CHART OF MSTR STOCK. The footprints of hedge fund activity were evident in the divergence between price and momentum.Chart source: StockCharts.com. For educational purposes.

Look at the blue lines in the lower panels that follow the contours of the price action, Relative Strength Index (RSI), and the Chaikin Money Flow (CMF). You may not have had knowledge of hedge fund shorting activity, but the traces of their actions are evident in the divergence between price action and momentum.

The jump from $49 to $200 in just over a month screams meme momentum. But what momentum? The RSI tells you that those three consecutive higher swing points from the end of February to the March peak are overbought, with momentum dropping off. The CMF also shows that buying pressure is declining as the price keeps moving higher.

The Ichimoku Cloud is plotted to measure the intermediate-term trend and momentum. As you can see, the first bounce after the March decline (see orange circle) was met with buying at the 61.8% Fibonacci Retracement line. The second and third took place at the 200-day SMA.

Despite the volatility, the intermediate trend is sideways, and the momentum is flat. For the long-term uptrend to hold, the price needs to stay above the 200-day SMA—and that’s being tested.

Closing Bell

Here’s the takeaway: Some fundamental developments aren’t always easy to spot. Most investors wouldn’t have caught certain hedge funds’ short-selling moves in MSTR stock. That’s where technical indicators save the day. In this case, it was all about divergence. You can also rely on other indicators to catch trends before they’re obvious. Use the StockCharts tools listed in the Member Tools section of Your Dashboard to stay ahead with timely, actionable insights.

Last but not least, be sure to save MSTR in one of your StockCharts ChartLists.

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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