An attempt to break out of a month-long consolidation fizzled out as the Nifty declined and returned inside the trading zone it had created for itself. Over the past five sessions, the markets consolidated just above the upper edge of the trading zone; however, this failed to result in a breakout as the markets suffered a corrective retracement. The trading ...

U.S. President Donald Trump said on Friday that concerns over national security risks posed by Nippon Steel’s $14.9 billion bid for U.S. Steel can be resolved if the companies fulfill certain conditions that his administration has laid out, paving the way for the deal’s approval. Shares of U.S. Steel rose 3.5% on the news in after-the-bell trading as investors bet ...

Israel launched a wave of unprecedented strikes on Iran shortly before sunrise Friday morning, hitting key sites in the nation’s nuclear program as well as residential areas in upscale neighborhoods of Tehran and killing some of the country’s highest-ranking military leaders. Israel’s military said it used 200 fighter jets in the operation, called “Rising Lion.” Based on a review of ...

Before Israel launched an unprecedented wave of strikes against Iran’s nuclear facilities and top military leaders this week, its spies were already on the ground in enemy territory. Israeli intelligence agency Mossad had smuggled weapons into Iran ahead of the strikes, according to Israeli security officials, and would use the weapons to target Iran’s defense from within. The officials said ...

Former England football captain David Beckham, Oscar-winning actor Gary Oldman and The Who front man Roger Daltrey are among the prominent figures awarded knighthoods in this year’s King’s Birthday Honours list. Beckham, 50, was recognized for his services to sport and charity. A global soccer icon and former Manchester United midfielder, Beckham has represented England 115 times and clinched league ...

Authorities were searching Saturday for two Australian gunmen suspected of fatally shooting an Australian tourist and injuring another at a villa on the Indonesian resort island of Bali. The shooting just after midnight on Friday at Villa Casa Santisya near Munggu Beach in the district of Badung killed Zivan Radmanovic, 32, from Melbourne. The second victim, who is 34 and ...

Israel’s unprecedented attacks on Iran had at their core an elusive and high-risk goal: eradicating the country’s controversial nuclear program. Israel targeted three key Iranian nuclear facilities – Natanz, Isfahan and Fordow – and a number of top scientists involved in nuclear research and development. The extent of the damage – and whether Iran’s nuclear program can survive – is ...

Three sectors stand out, with one sporting a recent breakout that argues for higher prices. Today’s report will highlight three criteria to define a leading uptrend. First, price should be above the rising 200-day SMA. Second, the price-relative should be above its rising 200-day SMA. And finally, leaders should trade at or near 52-week highs. Let’s compare the Utilities SPDR ...

Catching a sector early as it rotates out of a slump is one of the more reliable ways to get ahead of an emerging trend. You just have to make sure the rotation has enough strength to follow through. On Thursday morning, as the markets maintained a cautiously bullish tone, I checked the New Highs panel on the StockCharts Dashboard, ...

With Friday’s pullback after a relatively strong week, the S&P 500 chart appears to be flashing a rare but powerful signal that is quite common at major market tops. The signal in question is a bearish momentum divergence, formed by a pattern of higher highs in price combined with lower peaks in momentum, which indicates weakening buying power after an extended ...