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The Senate voted to confirm President Donald Trump’s nominee, Pete Hegseth, as defense secretary on Friday night after a high-tempered battle to sway lawmakers in his favor that was almost derailed by accusations about his behavior. 

The final vote came down to the wire: three Republicans opposed, making for a 50 to 50 vote. Vice President JD Vance was needed to break the tie in the upper chamber, putting the final tally at 51-50.

‘Congratulations to Pete Hegseth. He will make a great Secretary of Defense!’ Trump wrote on Truth Social after Hegseth’s confirmation.

The Senate’s two moderate Republican women: Lisa Murkowski, R-Alaska, and Susan Collins, R-Maine, voted no. As did Sen. Mitch McConnell, R-Ky., the former GOP leader. 

North Carolina Sen. Thom Tillis’ support was not a given, and he did not reveal his stance until the vote was already underway. He ultimately said he would back Trump’s pick, giving him enough support to be confirmed with Vance’s tie-breaking vote. 

In her reasoning, Murkowski cited infidelity, ‘allegations of sexual assault and excessive drinking’ and Hegseth’s previous comments on women serving in the military. 

The behaviors he has admitted to alone, she said, show ‘a lack of judgment that is unbecoming of someone who would lead our armed forces.’

Concerned Veterans for America (CVA), the nonprofit advocacy group at the center of many of the accusations brought up during Hegseth’s confirmation hearing, praised his confirmation in a statement. 

‘The confirmation of Pete Hegseth as Secretary of Defense presents a real opportunity to prioritize the security and prosperity of our citizens, champion prudence and effectiveness in our defense strategy, and focus our Department of Defense on America’s most vital interests,’ the statement read. 

The New Yorker reported in December that Hegseth was forced out of CVA, the group he once ran, over allegations of financial mismanagement, sexual impropriety and personal misconduct. 

All Democrats opposed the confirmation, a far cry from an earlier vote this week, when Secretary of State Marco Rubio was confirmed unanimously, 99-0.

Hegseth will now lead the government’s largest agency, having long promised to root out Diversity, Equity and Inclusion (DEI) measures across each branch. 

The Pentagon under Trump, however, has not waited for a confirmed secretary. 

This week, the commander of the Air Force‘s 613th Air Operations Center in Hawaii, who had advocated for more women in roles like her own, was removed from her position. Gen. Kevin Schneider, commander of Pacific Air Forces, relieved Col. Julie Sposito-Salceies from the Joint Base Pearl Harbor-Hickam, ‘due to loss of confidence in her ability to command the organization.’

Shortly after Trump took office, Coast Guard Commandant Adm. Linda Fagan, the first uniformed woman to lead any military branch, was removed from her position. 

Trump this week also nominated former Space Force Lt. Col. Matthew Lohmeier and former Marine Lt. Col. Stuart Scheller to top Defense Department posts – both men who were deeply critical of the Biden administration’s policies at the Pentagon. 

Lohmeier, who had been nominated to serve as undersecretary of the Air Force, was fired as commander of the 11th Space Warning Squadron at Buckley Air Force base, after he wrote a book and appeared on podcasts claiming Marxism had infiltrated the armed forces and criticizing diversity policies.

Scheller made headlines for posting videos in uniform criticizing senior military leaders over the Afghanistan withdrawal. Scheller, the new senior advisor to the Department of Defense Under Secretary for personnel and readiness, was sent to the brig and court-martialed over the clips. 

Hegseth’s nomination was dealt a last-minute hurdle earlier this week when reports emerged that his ex-sister-in-law alleged he had abused his second wife. 

On Tuesday, Fox News obtained an affidavit from Hegseth’s former sister-in-law, Danielle Hegseth, which alleged he had an alcohol abuse problem and at times made his ex-wife, Samantha, fear for her safety. Danielle Hegseth was previously married to Pete Hegseth’s brother and has no relation to Samantha.

But Danielle Hegseth added that she never witnessed any abuse herself, physical or sexual, by Pete against Samantha. 

Samantha Hegseth has also denied any physical abuse in a statement to NBC News.

Senate Armed Services Chair Roger Wicker said in a statement Wednesday night that reports ‘regarding a confidential briefing on the FBI background investigation of Pete Hegseth that I received last week are starkly and factually inaccurate,’ and that he stands by Hegseth’s nomination.

Earlier Thursday, Sen. Minority Leader Chuck Schumer, D-N.Y., urged Republicans to join him in opposing the former Fox News host and Army national guardsman. 

‘Hegseth is so utterly unqualified, he ranks up there [as] … one of the very worst nominees that could be put forward,’ Schumer said.

Hegseth, who has been married three times, has admitted he was a ‘serial cheater’ before he became a Christian and married his current wife, Jenny. 

The 44-year-old Army National Guard veteran, who did tours in Iraq and Afghanistan, is relatively young and inexperienced, compared to defense secretaries in the past, retiring as a major. But Republicans say they don’t want someone who made it to the top brass who’s become entrenched in the Pentagon establishment. 

This post appeared first on FOX NEWS

Secretary of State Marco Rubio told Chinese Foreign Minister and Director of the CCP Central Foreign Affairs Commission Wang Yi that the Trump administration will put the ‘American people first’ and advance U.S. interests in its relationship with China, according to a readout of the call from spokesperson Tammy Bruce. 

The meeting was the first between Rubio and Wang since the former Florida senator was unanimously approved by the Senate this week to become President Donald Trump’s first Cabinet official following Monday’s inauguration. 

‘The Secretary also stressed the United States’ commitment to our allies in the region and serious concern over China’s coercive actions against Taiwan and in the South China Sea,’ Bruce said. ‘The Secretary also discussed other issues of bilateral, regional, and global importance with his Chinese counterpart.’ 

Wang told Rubio during the call that he hoped he would ‘conduct’ himself well and ‘play a constructive role in the future of the Chinese and American people and in world peace and stability.’ 

He added that Trump and Chinese President Xi Jinping had already set the tone for U.S.-Chinese relations. 

‘The teams of both sides should implement the important consensus of the two heads of state, maintain communication, manage differences, expand cooperation, promote the stable, healthy and sustainable development of China-U.S. relations, and find the right way for China and the United States to get along in the new era,’ Wang said.

Trump has threatened China with 10% tariffs on imports over its role in fentanyl trafficking, starting as early as Feb. 1, and Rubio called the country the gravest threat to the U.S. during his confirmation hearing. 

Trump n Thursday told the World Economic Forum virtually that he and Xi have ‘always had a great relationship,’ and all his administration wants is ‘fairness. We just want a level playing field.’

This post appeared first on FOX NEWS

In this video, Mary Ellen reviews the new uptrend in the S&P 500, and highlights what’s driving it higher. She then shares new pockets of strength that are poised to take off, and what to be on the lookout for ahead of next week’s M7 earnings reports.

This video originally premiered January 24, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

Despite the strength in some key growth stocks in January, semiconductors have been decidedly rangebound for most of the last six months.  While this week’s breakout of the range appears to be a significant bullish signal, the bearish candle pattern on Friday indicates investors may be best served by being patient for upside confirmation.

Big Base Breakouts Are Bullish

After reaching a swing low around $200 in early August, the VanEck Vectors Semiconductor ETF (SMH) made a series of higher highs to reach a new peak in mid-October around $260.  The SMH ended up retesting this resistance area two more times through early January, with a number of pullbacks finding support at the 200-day moving average

The failed breakout in the first week of 2025 was noteworthy in that it was punctuated by a bearish engulfing pattern, representing short-term distribution according to candlestick chart aficionados.  Tuesday of this week, we saw another breakout above the $260 level, and an upside follow-through day suggested that this breakout may finally have staying power.

What is the first market-related thing you look at every morning?  If the answer is “financial television” or “my brokerage account” then we have some work to do!  In his upcoming FREE webcast on Wednesday, January 29th, Dave will share the actual morning coffee routine that he uses every morning to clearly define market trends, identify shifts in investor sentiment, and check in on market action.  

You’ll leave this session with plenty of ideas on how to upgrade your own daily market analysis routine to improve your market awareness.  Sign up for this free event HERE and learn how better routines lead to better decisions!

Semis Have Finally Closed the Gap

While this week’s breakout did confirm a breakout above the recent consolidation pattern, a closer look reveals that SMH may have just simply closed the price gap from July 2025.

I often get asked about how I use price gaps in my analysis, and my general answer is that I treat them as support and resistance zones.  I’ve found that the market has memory, and investors tend to gravitate toward price gaps as meaningful levels of interest, considered a “pivot point” for future potential reversals.

So while the move above $260 appears to be a good breakout, the fact that we’re still in the price gap from last summer suggests that perhaps there is still more to prove before we can sound an “all clear” for semiconductors.

Bearish Engulfing Pattern Suggests Another Peak

Candle charts can be so helpful in understanding the short-term sentiment shifts within the context of the longer-term market trends.  And Thursday and Friday brought us the dreaded bearish engulfing pattern, a two-candle reversal pattern that suggests a bearish shift in short-term sentiment.

What’s so fascinating about SMH is that we had another bearish engulfing pattern on the previous test of $260 from earlier in January, resulting in a pullback to the 200-day moving average.  If you look closely at the first chart we shared in this article, you may notice bearish engulfing patterns at a number of price peaks over the last 12 months!

While the bearish engulfing pattern doesn’t necessarily negate the recent “big base breakout”, it does suggest that semis have lost some upside momentum.  I look for breakouts with improving momentum, improving volume, and improving price action.  Unfortunately for semiconductors, it looks like investors may have to watch for more confirmation before believing in this latest attempt to find a new high!

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.

No changes in the top-5

At the end of this week, there were no changes in the ranking of the top-5 sectors.

(1) XLY – Consumer Discretionary(2) XLF – Financials(3) XLC – Communication Services(4) XLI – Industrials(5) XLE – Energy(6) XLK – Technology(7) XLU – Utilities(11) XLB – Materials(8) XLRE – Real Estate(9) XLP – Consumer Staples(10) XLV – Health Care

In the bottom of the ranking, a few changes are showing up.

Materials rose from #11 to #8. XLRE dropped from #8 to #9. And XLP and XLV both dropped one position to #10 and #11.

As a refresher, this ranking is done based on a combination of RRG metrics on both the daily and the weekly RRGs.

Based on the positions of XLE and XLK on the weekly RRG, it may seem strange that XLE is above XLK. However, looking at the daily RRG, it can be seen that XLE made a huge move into and through leading with a very high RS-ratio and RS-momentum reading, which dragged the sector above XLK.

Consumer Discretionary

XLY has put a new higher low into place which underscores the current strength of this sector. The newly formed low at 218 is now the first support level to watch for XLY.

The first target to the upside is the level of the previous peak around 240. The uptrends in both price and relative strength are still intact.

Financials

The Financials sector now also has a new higher low in place at 47, which should also be seen as the first support level for XLF.

51.6 is the first target and resistance level on the upside. An upward break will unlock more upside for financial stocks.

Communication Services

Out of the top-5 sector charts, XLC is probably the strongest.

This week’s upward break out of the flag-like consolidation pattern must be seen as very strong and the signal for a further rally. Taking out the previous high at 102.40 will be the confirmation.

Industrials

XLI continues its bounce of support and is underway to the upper boundary of its rising channel. Intermediate resistance is expected around 144.

Relative strength remains under pressure but is still stronger than the other sectors and therefore keeping XLI inside the top 5.

Energy

Energy dropped back a bit after its rally in the last few weeks but remains solidly in the middle of its range. Here also relative strength remains under pressure.

Performance

As of the close on 1/24 the top-5 portfolio gained 3.89%, keeping up with SPY which gained 3.99% over the same period.

#StayAlert, and have a great weekend. — Julius

A war of words between Elon Musk and Sam Altman escalated on social media Thursday, as two of the most powerful men in tech sparred over their rival artificial intelligence initiatives. 

The latest exchange began after OpenAI, where Altman is CEO, was revealed as a key player in Stargate, the AI infrastructure project President Donald Trump announced this week that is coming with a massive investment push.

“They don’t actually have the money,” Musk wrote in a long post on his social platform, X, about the new venture. It was not immediately clear whom Musk was initially referring to, but he soon followed up, naming SoftBank, Stargate’s main financial backer.

“SoftBank has well under $10B secured. I have that on good authority,” he said, without elaborating. Neither Musk nor his electronic car company Tesla have publicized any formal links.   

Altman responded praising Musk — “I genuinely respect your accomplishments and think you are the most inspiring entrepreneur of our time,” he wrote on X — but he called his SoftBank claim wrong. 

“I realize what is great for the country isn’t always what’s optimal for your companies, but in your new role i hope you’ll mostly put [America] first,” he added, using an American flag emoji.

In remarks to reporters Thursday, Trump weighed in on the dispute but gave no indication that Altman’s or OpenAI’s status on the project were threatened.

Without mentioning Altman by name, Trump mentioned Musk while referring to ‘one of the people he happens to hate.’

‘But I have certain hatreds of people, too,’ he said.

The spat has its roots in a pending lawsuit filed by Musk, a co-founder of OpenAI, over control of the company; it was rekindled after Trump’s announcement this week that OpenAI would be part of the $500 billion Stargate initiative designed to make the United States a world leader in AI.

Late Wednesday and into Thursday, Musk continued to hammer Altman, repeatedly citing posts during Trump’s 2016 presidential run in which Altman appeared to denounce Trump. 

By 8:30 p.m., Altman posted that he’d recently had a change of heart about the president: “watching @potus more carefully recently has really changed my perspective on him (i wish i had done more of my own thinking” he said in part. “i’m not going to agree with him on everything, but i think he will be incredible for the country in many ways!”

On Thursday morning, Altman posted, responding to Musk: “just one more mean tweet and then maybe you’ll love yourself…”

The tit-for-tat between Musk and Altman is a sign of both the struggle within the tech community to curry favor with Trump and how the AI race is driving the push for tech dominance. If putting out new, consumer-friendly devices was once the way for a tech company to gain power, the struggle to create the most advanced form of AI has almost completely taken over.   

The situation also points to the tension of Musk’s role as both a top Trump adviser and one of the world’s most powerful — and combative — business moguls. Musk has his own interest in AI through the X, which debuted Grok, its rival to OpenAI’s ChatGPT, in November.

The simmering Altman-Musk feud goes back years, well before Musk’s emergence in the U.S. political scene and even before the recent explosion of artificial intelligence technology. Companies have rushed to invest in AI infrastructure and development, so much so that it has accounted for a significant part of recent U.S. economic growth. A Goldman Sachs paper published in June, well before the announcement of the Stargate project, projected that AI capital expenditure could top $1 trillion.

OpenAI had generally been considered the leader in AI development, though it faces major competition from other startups, as well as most major tech giants that are believed to have closed the gap. That competition has made securing investments and partnerships all the more important in large part because of the sizable hardware and energy needs required to hone the models at the core of advanced AI.

This post appeared first on NBC NEWS

Pete Carroll is headed from the classroom back to an NFL sideline – and into the record books.

The Las Vegas Raiders are hiring the former Seattle Seahawks coach to fill the vacancy for their top job, according to an ESPN report.

The move will make Carroll, who turns 74 in September, the oldest coach in modern NFL history, as he will surpass former Houston Texans interim head coach Romeo Crennel (73 years, 199 days on his final game) when he leads the Raiders in their season opener. Kansas City Chiefs coach Andy Reid, 66, had held the title of the league’s oldest active coach.

Carroll spent this season out of the NFL after being pushed out by the Seahawks last January. He is co-teaching a course this semester at the University of Southern California, where he coached from 2001-09 and led the Trojans to two national championships.

Carroll interviewed with the Chicago Bears on Jan. 9 for the position that went to Ben Johnson. He also spoke with the Dallas Cowboys about their opening, according to multiple reports, though no formal interview took place.

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

In 14 seasons leading the Seahawks, Carroll led the franchise to 10 playoff appearances and its only Super Bowl title. He said he fought to remain with the team after its second consecutive 9-8 finish in 2023, but the team instead opted to move on. Seattle later hired Mike Macdonald, who became the NFL’s youngest head coach at 36 when he landed the job.

The hire is one of the Raiders’ first significant additions that entailed Tom Brady, who officially become a part-owner of the organization in October. Owner Mark Davis said in December he wanted the six-time Super Bowl-winning quarterback, who also serves as the lead NFL game analyst for Fox, to have a ‘huge voice’ in shaping all football matters for the team.

Earlier in the week, the franchise selected Tampa Bay Buccaneers assistant general manager John Spytek to be the team’s new GM.

The Raiders decided to clean house this offseason, firing coach Antonio Pierce and general manager Tom Telesco after the team struggled to a 4-13 mark.

Davis has made it clear that identifying a young quarterback, with Brady’s help, is a priority for the franchise this offseason after the team cycled through Gardner Minshew II, Aidan O’Connell and Desmond Ridder in 2024. The Raiders hold the No. 6 overall pick and are projected to have approximately $92 million in cap space, according to Over The Cap, the second-highest total of any team.

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

The finale of championship Sunday will feature the Buffalo Bills vs. Kansas City Chiefs.

Josh Allen and the Bills got the better of the Chiefs during the regular season. Allen is 4-1 all-time versus Kansas City in the regular season. However, Patrick Mahomes is 3-0 versus Allen and the Bills in the playoffs. 

The Chiefs are riding an eight-game postseason winning streak as they head into Sunday’s AFC title game.

Can the Bills reach their first Super Bowl since the 1993 season. Or will Mahomes and the Chiefs make a third straight trip to the Super Bowl? USA TODAY Sports provides the three keys to Sunday’s AFC championship game.

Which team can unlock secondary pass catchers

Tight end Travis Kelce is Kansas City’s leading pass catcher. Wide receiver Khalil Shakir is Buffalo’s top receiver. However, both teams need a secondary option to step up Sunday. For the Chiefs, it’s key that DeAndre Hopkins and other wide receivers get open and provide a spark for an inconsistent Kansas City passing game. Mahomes only passed for 177 yards in the divisional round. Kelce had a big game at tight end, but rookie Xavier Worthy was the only Chiefs wide receiver to record a catch versus the Houston Texans. That won’t be enough against Buffalo.

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

It’s important for the Bills to get tight end Dalton Kincaid and wide receiver Amari Cooper involved in the offense. Kincaid only had one catch and Cooper was held without a catch in last week’s win against the Baltimore Ravens. Chiefs standout cornerback Trent McDuffie will likely be matched up often with Shakir, so it’ll be important for Kincaid and Cooper to produce. Buffalo’s undefeated this year when Kincaid has over 50 receiving yards. Allen finished last week’s win with just 127 passing yards.

Establish the ground game

Isiah Pacheco compiled a 2023 postseason-high 313 rushing yards and was instrumental in Kansas City’s Super Bowl 58 run.

Injuries have hampered Pacheco this year. He’s back healthy but hasn’t run with the same power and ferocity. Will Pacheco return to form or can Kareem Hunt be a spark in the backfield? The Chiefs were held to 50 rushing yards and averaged just 2.3 yards per carry last week. Kansas City ranked seventh in run block win rate during the regular season, per ESPN. When the Chiefs get their ground game going, it opens up their aerial attack.

For Buffalo, Allen’s 26-yard touchdown run on fourth down in the fourth quarter was the back-breaking play of the game in their Week 11 win against Kansas City. The Bills had a league-high 32 rushing touchdowns this year and boasts a top 10 rushing offense.

The Bills were able to possess the football for nearly 32 minutes in their divisional win because they ran 36 times for 147 yards and three touchdowns. Buffalo will likely have a similar strategy versus Kansas City.

The Chiefs touted the NFL’s eighth best run defense and Buffalo ranked 12th in run defense during the regular season.

Win turnover battle

The Bills have an NFL-high 35 takeaways and an NFL-low eight turnovers this season (including playoffs). Allen and company haven’t committed a turnover in their last four playoff games. They are the first team ever without a turnover in four straight postseason games.

On the other side, the Chiefs haven’t had a turnover in eight straight games. Kansas City’s last turnover was against the Bills in Week 11, a game in which they lost.

Buffalo’s two takeaways played a big role in its win in Week 11, and the team’s three takeaways paved the way to their divisional round victory.

These two clubs aren’t prone to giving the football away. Any turnover on Sunday could drastically swing momentum.

Follow USA TODAY Sports’ Tyler Dragon on X @TheTylerDragon.

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

“Kobe: The Making of a Legend,” a new three-part docuseries from the CNN Originals department, is not hagiography.

It is a clear-eyed look at Kobe Bryant the basketball player driven by championship dreams and the pursuit of greatness, his fractured relationship with his parents, his sexual assault arrest, his reclamation as a “girl dad,” and his second career in storytelling.

The series debuts with the first episode Saturday (9 p.m. ET, CNN), one day before the five-year anniversary of his death in a helicopter crash Jan. 26, 2020, in Calabasas, California. Eight other people, including Bryant’s daughter Gianna, died in the accident.

Each episode (the other two air Feb. 1 and Feb. 8 at 9 p.m. ET on CNN) is about 45 minutes, and the documentary tells Bryant’s story from a wide cast – friends, teammates, teachers, classmates, former players, current players, prosecutors, journalists and video clips from Bryant and his parents, Joe and Pam.

The most knowledgeable Bryant aficionados will glean something from this series, even if it’s an obscure video of a young Bryant playing youth basketball in Italy while his dad played professionally in the country or video from his high school playing days at Lower Merion in the Philadelphia suburbs.

The first episode focuses on those early days, painting a picture of a youngster who knew what he wanted: to be an NBA player.

In a video of Bryant speaking in front of classmates in high school, he recalls returning to Philadelphia from Italy and being lonely, retreating deeper into his goal of playing professional basketball. “I discovered the hunger, the motivation and desire to be the best possible basketball player that I could be,” Bryant said.

The docuseries explores Bryant’s greatness on the court, especially his formative years and how they shaped his ultra-competitive mindset. “Winning means everything to Kobe Bryant,” former Lakers trainer Gary Vitti told an interviewer. “There wasn’t anything else.”

The series does not shy from the difficult and horrific aspects of Bryant’s life. Bryant once had a strong relationship with his parents who a teenaged Bryant said were the two people he admired most. But the relationship began to erode with his marriage to Vanessa. Joe died in July. His mom, Pam, and Vanessa declined CNN interview requests.

The second episode spends considerable time on Bryant’s 2004 sexual assault criminal case in Eagle, Colorado, stemming from a 2003 incident at a resort where Bryant, then 24, was staying before having surgery nearby. It does not shy from revealing testimony and the antics of Bryant’s powerful legal team.

The district attorney said he believed he had enough evidence to prove beyond a reasonable doubt that Bryant was guilty of a class three sexual assault felony. However, the case was dismissed when the alleged victim declined to testify.

The documentary shows the full text of Bryant’s statement in which he says, “Although I truly believe this encounter between us was consensual, I recognize now that she did not and does not view this incident the same way I did. After months of reviewing discovery, listening to her attorney, and even her testimony in person, I now understand how she feels that she did not consent to this encounter.”

The incident stuck with Bryant, but he reshaped his image in different molds: Black Mamba, two more NBA championships, NBA MVP, two Olympic gold medals, his recovery from an Achilles rupture, father, girls’ basketball coach, Academy Award winner.

In nearly 130 minutes, the docuseries covers a long arc, focusing on the topics that defined Kobe Bryant.

When is the new Kobe Bryant documentary?

The three-part series will air Saturday, Feb. 1 and Feb. 8.

How to watch the new Kobe Bryant documentary

The three-part documentary ‘Kobe: The Making of a Legend,’ will air on CNN. The first part is on Saturday at 9 p.m. ET. Part two drops Feb. 1 at 9 p.m. ET and part three will air Feb. 8 at 9 p.m. ET.

How to stream the new Kobe Bryant documentary

The series can be streamed on cnn.com and via the network’s mobile app.

How long is the new Kobe Bryant documentary?

It is told in three parts, each about 45 minutes long.

Follow NBA reporter Jeff Zillgitt on social media @JeffZillgitt

This post appeared first on USA TODAY

The Mag7 ETF (MAGS) formed another short-term bullish continuation pattern as it worked its way higher since the triangle breakout in mid September. This report will also analyze the long-term trends, highlight the short-term setups and compare performance for the stocks in this ETF.

First and foremost, MAGS is in a long-term uptrend with a new high in mid December and price well above the 200-day SMA. This ETF has been in a long-term uptrend since the big surge and breakout in November 2023. MAGS started trading in April 2023 so the 200-day SMA did not start until late January 2024. MAGS fell sharply in July 2024, but held above the 200-day SMA and resumed its uptrend with a new high in November.

The indicator window shows the MAGS/RSP Ratio, which measures relative performance. This line rises when MAGS outperforms the S&P 500 EW ETF (RSP) and falls when MAGS underperforms. MAGS is outperforming the broader market as the price-relative rises and hits new highs.

With MAGS in a long-term uptrend and leading the market, we want to be focused on bullish setups within this trend, such as bullish continuation patterns. MAGS and several other tech-AI related ETFs were featured in our report on Thursday. Medium-term, MAGS formed a triangle in July-August. This triangle formed within a long-term uptrend and was a bullish continuation pattern. MAGS broke out in mid September and worked its way higher the last five months.

More recently, the ETF formed a flag in October, a pennant in November and another flag here in January. These are short-term bullish continuation patterns. MAGS is breaking out of the flag this week and this signals an end to the pullback and a resumption of the uptrend. Re-evaluation support is set at 53.

Nvidia (+146%), Tesla (+97%), Amazon (+35%) and Meta (+66%) are powering MAGS with the biggest gains over the past year. Microsoft (+13%) and Apple (+15%) are the laggards in the group, but one is setting up and the other resumed its uptrend. This report continues at TrendInvestorPro where we analyze the trading setups for each of the Mag7 stocks. Click here to take a trial and gain immediate access.

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