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Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the ‘Company’ or ‘Lahontan’) is pleased to announce that, further to its press release of April 8, 2025, the Company has increased the size of its non-brokered private placement financing to up to 44,000,000 units (each, a ‘Unit’) at a price of $0.05 per Unit for aggregate gross proceeds of up to $2,200,000 (the ‘Offering’).

Each Unit is comprised of one common share of the Company (each, a ‘Common Share‘) and one-half of one whole Common Share purchase warrant (each whole warrant, a ‘Warrant‘) of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.08 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CDN$0.12 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the ‘Reduced Warrant Term‘) such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term

Gross proceeds raised from the Offering will be used for general working capital purposes and for exploration at the Company’s Santa Fe Mine Project.

Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing*. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com.

* Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+.

On behalf of the Board of Directors

Kimberly Ann

Founder, CEO, President, and Director

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.

Kimberly Ann
Founder, Chief Executive Officer, President, Director

Phone: 1-530-414-4400

Email:
Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedarplus.ca.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249396

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (FSE: 2RX) (‘Radisson’ or the ‘Company’) is pleased to announce that it intends to raise C$7 Million in a non-brokered private placement (the ‘Offering’), with the proceeds directed towards advancing the exploration and development of the Company’s O’Brien Gold Project located in the Abitibi region of Québec and for general corporate purposes.

The Offering will include the sale of the following securities (collectively, the ‘Securities‘):

  • Class A common shares of the Company (the ‘FT Shares‘) which shall each qualify as a ‘flow-through share’ as defined in subsection 66(15) of the Income Tax Act (Canada) (‘ITA‘) and section 359.1 of the Taxation Act (Québec) (the ‘Québec Tax Act‘), at a price of C$0.34 per FT Share; and,
  • Class A common shares of the Company (‘Common Shares‘) at a price of C$0.30 per Common Share.

The gross proceeds received by the Corporation from the sale of the FT Shares will be used to incur Canadian Exploration Expenses (‘CEE‘) that are ‘flow-through mining expenditures’ (as such terms are defined in the Income Tax Act (Canada)) on the O’Brien Gold Project in the Province of Québec, which will be renounced to the subscribers with an effective date no later than December 31, 2025, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of FT Shares.

The closing of the Offering is expected to occur on or about May 15, 2025, and is subject to receipt of all necessary regulatory approvals including the acceptance of the Offering by the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four month hold period from the date of issue. A finder’s fee may apply to a portion of the proceeds raised under the Offering in the amount of 6% cash.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.

It is anticipated that one or more directors will acquire Securities under the Offering. Any such participation will be considered a ‘related party transaction’ as defined under Multilateral Instrument 61-101 (‘MI 61-101‘). It is anticipated that the transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on a determination that the securities of the Company are listed on the TSXV and that the fair market value of the Offering, insofar as it involves interested parties, will not exceed 25% of the market capitalization of the Company.

Radisson Mining Resources Inc.

Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O’Brien Mine, considered to have been Québec’s highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 ‘Technical Report on the O’Brien Project, Northwestern Québec, Canada’ effective March 2, 2023 and other filings made with Canadian securities regulatory authorities available at www.sedar.com for further details and assumptions relating to the O’Brien Gold Project.

For more information on Radisson, visit our website at www.radissonmining.com or contact:

Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com

Kristina Pillon
Manager, Investor Relations
604.908.1695
kpillon@radissonmining.com

Forward-Looking Statements

This news release contains ‘forward-looking information’ within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company’s ability to grow the O’Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘interpreted’, ‘management’s view’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O’Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Not for distribution to United States newswire services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249318

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

The top producer at CBS’ “60 Minutes” announced Tuesday he would step down from the newsmagazine because he had lost his journalistic independence.  

“Over the past months, it has … become clear that I would not be allowed to run the show as I have always run it,” Bill Owens said in a memo to staff members, which was obtained by NBC News. “To make independent decisions based on what was right for ‘60 Minutes,’ right for the audience.” 

“So, having defended this show — and what we stand for — from every angle, over time with everything I could, I am stepping aside so the show can move forward,” Owens added.  

Owens’ departure comes during a tumultuous chapter for “60 Minutes.” President Donald Trump has sued CBS for $10 billion over an October interview with then-Vice President Kamala Harris that the president claims was deceptively edited. The network has denied that claim. 

Trump amended the lawsuit earlier this year, upping his damages claim to $20 billion.

“Former President Donald Trump’s repeated claims against ‘60 Minutes’ are false,” CBS News said in a statement in October. “The interview was not doctored” and the show “did not hide any part of Vice President Kamala Harris’s answer to the question at issue.”  

In a separate statement, “60 Minutes” said it gave an excerpt from its interview with Harris to the Sunday morning program “Face the Nation,” which used a longer section of the former Democratic presidential candidate’s answer to a question.

“Same question. Same answer. But a different portion of the response. When we edit any interview, whether a politician, an athlete, or movie star, we strive to be clear, accurate and on point,” the statement said. “The portion of her answer on 60 Minutes was more succinct, which allows time for other subjects in a wide ranging 21-minute-long segment.”  

Bill Owens, Executive Producer of 60 Minutes, CBS News, in Toronto on June 22, 2022.Piaras Ó Mídheach / Sportsfile via Getty Images file

Trump has repeatedly lambasted the venerable newsmagazine over its reporting on him and his administration.  

In a post on Truth Social on April 13, for example, Trump wrote: “Almost every week, 60 Minutes … mentions the name ‘TRUMP’ in a derogatory and defamatory way, but this Weekend’s ‘BROADCAST’ tops them all.” He appeared to take issue with segments about the war in Ukraine and his interest in acquiring Greenland.  

Trump added that he believed CBS should lose its broadcast license and “pay a big price.” He said he hoped Federal Communications Commission Chairman Brendan Carr would “impose the maximum fines and punishment.”   

Owens’ exit, first reported by The New York Times, also comes at a pivotal moment for CBS’ parent company, Paramount. Shari Redstone, Paramount’s controlling shareholder, reportedly needs the Trump administration to approve her media conglomerate’s sale to Skydance Media, a production and finance company run by David Ellison, the son of tech mogul Larry Ellison. 

The New York Times reported in late January that Paramount was in settlement talks with Trump. The Times later reported that Owens told staff members he would not apologize for the Harris interview as part of any prospective settlement. NBC News has not independently verified either report. 

In his memo to staff, Owens said “60 Minutes” would “continue to cover the new administration, as we will report on future administrations. We will report from war zones, investigate injustices and educate our audience. In short, ‘60 Minutes’ will do what it has done for 57 years.”  

“Thank you all, remain focused on the moment, our audience deserves it,” Owens said in closing.  

Wendy McMahon, president and CEO of CBS News, notified company employees by email that Owens would be leaving and touted his work at the company.

“Tom and I are committed to 60 Minutes and to ensuring that the mission and the work remain our priority,” McMahon said, referring to CBS News president and executive editor Tom Cibrowski. 

This post appeared first on NBC NEWS

RTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump’s tariffs on imported goods and materials, the latest sign of higher prices for major U.S. manufacturers that rely on a global supply chain.

Neil Mitchill, chief financial officer of defense contractor and commercial aerospace supplier RTX, said on an earnings call Tuesday that the company will likely take a $850 million hit this year from tariffs, including the sweeping 10% levies that Trump imposed earlier this month alongside higher duties on countries like China and separate taxes on imported steel and aluminum.

That estimate doesn’t include RTX’s own tariff mitigation measures, Mitchill said.

GE Aerospace, which makes engines for popular Boeing and Airbus planes, kept its 2025 earnings outlook in place during its quarterly report Tuesday and said it would seek to save about $500 million by cutting costs and raising prices.

GE Aerospace CEO Larry Culp said on Tuesday’s analyst call that he recently met with Trump and discussed the U.S. aerospace sector’s trade surplus. GE has a joint venture with France’s Safran to make popular airplane engines.

The new tariffs are a shift for a global industry that has enjoyed mostly duty-free trade for decades.

“All we have suggested is the administration works through a myriad of issues, is they can consider the position of strength that the country enjoys as a result of this tariff-free regime,” Culp said.

The White House didn’t immediately comment.

Boeing, a major customer of both companies and the top U.S. exporter, is scheduled to report quarterly results before the market opens on Wednesday.

Airlines have recently announced cuts to U.S. domestic capacity plans this year because of softer demand, but executives have emphasized it is hard to predict the direction of the economy or future trade policies. United last week provided two earnings outlooks for 2025, one in the event of a recession, one assuming status quo.

“There is uncertainty,” Culp said Tuesday. “None of us, I think, know for sure how this plays out.”

This post appeared first on NBC NEWS

Tesla Inc. (TSLA)

Tesla, Inc. (TSLA) remains one of the world’s most volatile and discussed stocks, with Elon Musk’s political bent having made it a lightning rod of discussion. Sales continue to fall – especially in Europe – and Musk’s personal focus seems to be on many other areas. It will be interesting to see how the numbers look and what if any guidance may be given when Tesla reports on Tuesday afternoon.

Technically, shares have made a full reversal since their post-election rally and now sit poised to move again. This is not an ideal-looking chart for the bulls, as key levels of support have been breached, the near-term trend is lower, and the long-term trend is a volatile mess.

FIGURE 1. DAILY CHART OF TESLA STOCK PRICE.

Currently, there’s a descending triangle in a near-term downtrend, with a floor around $215. It has been tested twice and held, but each rally continues to be met with strong resistance. There is more overhead resistance and work to be done to get shares on the right ascending track.

During a rally, there are three levels where sellers should take charge. The first level coincides with the current triangular downtrend line and old support, now resistance, which goes back to its pre-election breakout around $270. Then there is also the 200-day moving average just over $290. Lastly, there is the downtrend from the recent highs at the $300 level.

Momentum favors the bears on any rally, and weakness could plunge the stock towards its August 2024 lows around $180. It is not an ideal risk/reward set-up going into the numbers. Both key momentum indicators — relative strength index (RSI) and moving average convergence/divergence (MACD) — appear to be stalling, which makes this stock one to avoid despite all the news it may cause later this week.

Service Now (NOW)

ServiceNow, Inc. (NOW) shares have been decimated since reporting earnings last January. The software company, the fourth-largest company in the iShares Tech-Software ETF (IGV), looks to rebound when it reports earnings after the close on April 23.

Technically, recent price action is showing signs of a bottom, and the risk/reward set-up is getting clear.

FIGURE 2. DAILY CHART OF SERVICE NOW.

The sell-off reached a crescendo after “Liberation Day” and snapped back to levels that set up a plan of attack as we go into this week’s earnings. Shares reached extreme oversold conditions on both the MACD and RSI readings before hitting recent lows. Price action on the biggest move lower showed a divergence in both indicators, and didn’t confirm that last move down.

There are two bullish divergences after a severe drawdown, which is a positive. The Fibonacci retracement levels from the beginning of the bull market to its recent peak also show a positive development. The sell-off found support right at the 61.8% “golden ratio” level, which coincided with prior support going back to the lows of 2024.

Momentum is turning, a floor seems to be apparent, and we have something to reverse – all good signs for a bull case. While the moves are rather wide, targets to the downside look to be set just above $675.

To the upside, a simple mean reversion takes shares back to their declining 50-day moving average just above $865. If it breaks above there, watch for a test of the 200-day moving average, which is another $60 higher.

If you were to believe that a solid number is coming on Wednesday afternoon, as it has in all but one quarter going back to 2018 (last quarter they missed), then it may be a good entry point to capture the upside. However, as it sits in the middle of a range, it’s more of a coin flip here. Currently, it looks as though we have a sell-off that should be bought and a rally that should be faded.

One thing we do know is that it will be interesting to see if the stock can try to recapture its longer-term uptrend in a rather tricky tape.

Alphabet, Inc. (GOOGL)

Alphabet (GOOGL) continues to make headlines as it deals with ongoing litigation in Washington and competition from search engines like ChatGPT. Shares have been under pressure all year and are at a fork in the road coming into their Thursday numbers.

FIGURE 3. WEEKLY CHART OF GOOGL STOCK.

We kept this weekly chart as simple as possible to show this “fork-in-the-road” scenario. At the end of 2024, the chart completed a beautiful saucer bottom pattern and broke out. It almost achieved its upside targets around $220, but fell just short.

Then it broke down.

After its initial breakout, GOOGL rallied and paused. Price faded back to test old resistance after its initial leg higher. That level of old resistance became support, in textbook fashion. Shares rallied from there to make new all-time highs; then, they failed again.

Now, GOOGL sits at a key level that was tested once last week and held. Shares never closed below the key support area around $150. That sets traders up with a risk/reward scenario that seems favorable, for now. Anyone buying the stock here has two levels from which to cut their losses if price were to break down from here.

Watch the recent intraday lows at $140.50 and then the rising 200-week moving average at $136. If it closes below there, you should exit the stock and wait for a better entry point. 

To the upside, there is smooth sailing to the 50-week moving average just above $172. It may take a strong beat and guide in this macro environment to push much higher, but the lines are set as we head into this busy week of earnings. 

In this video, market sentiment, investor psychology, and stock market trends take center stage as David Keller, CMT, shares three powerful sentiment indicators that he tracks every week. He explains how the values are derived, what the current readings say about the market environment in April 2025, and how these levels compare to past bull markets and bear markets. If you’re looking for a sentiment playbook to navigate these markets, this analysis will give you the edge.

This video originally premiered on April 21, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

The market continued to slide lower today as the bear market continues to put downside pressure on stocks in general. Bonds and Yields are at an inflection point as more buyers enter the Bond market which is driving treasury yields higher. What is the long-term outlook for Bonds? Carl gives you his thoughts.

First, Carl covered the market as a whole before discussing his long-term outlook for Bonds and Yields. Not only did he cover the SPY and its indicators, he looked at the rally in Bitcoin and the vertical rally for Gold among others. Crude Oil is pulling back again and the Dollar continues to lose strength.

After covering the market, he discusses his thoughts on Bonds. This was followed by questions.

Erin jumped in to cover sector rotation. There are clear problems and clear strength visible among the sectors, but ultimately all are struggling including defensive sectors Utilities and Real Estate. She zeroed in on the Energy sector and Consumer Staples sector “under the hood”.

Finally the pair finished by taking viewer symbol requests.

01:01 DP Signal Tables

05:03 Market Overview

13:28 Bond Discussion

17:08 Magnificent Seven

22:56 Questions

30:07 Sector Rotation

40:04 Symbol Requests


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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin


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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. 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.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


Helpful DecisionPoint Links:

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SCTR Ranking

Bear Market Rules


In this video, as earnings season heats up, Mary Ellen reviews current stock market trends, highlighting top-performing stocks during past bear markets that are showing strength again today. She also shares a proven market timing system that’s signaled every stock market bottom, helping investors stay ahead of major turning points.

This video originally premiered April 18, 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.

Top 5 Remains Unchanged

The latest sector rotation analysis reveals a market that’s still playing defense. Despite some minor shuffling in the lower ranks, the top five sectors remain unchanged this week—a sign that the current defensive positioning is settling into a more stable pattern.

Consumer staples is holding its ground at the number one spot, followed by utilities, financials, communication services, and health care. This lineup underscores the market’s continued preference for defensive plays.

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

Weekly RRG

The weekly Relative Rotation Graph (RRG) paints a clear picture of the defensive sectors’ strength. Consumer staples and utilities are continuing to move further into the leading quadrant, solidifying their dominant positions. Healthcare, while ranked fifth, is located within the leading quadrant, but has lost some relative momentum over the past two weeks — something to keep an eye on.

Interestingly, financials and communication services, ranked third and fourth respectively, are showing signs of momentum loss, despite maintaining elevated RS ratio levels. Communication services have actually crossed into the weakening quadrant this week. At current RS-Ratio levels, this is not too concerning yet.

Daily RRG: Staples and Utilities Slightly Losing Relative Momentum

Zooming in on the daily RRG provides some nuanced insights. Staples and utilities, while still disconnected from other sectors at high RS ratio levels, have lost some relative momentum in the last week. Utilities have dipped into the weakening quadrant on this timeframe, but, given its high relative strength (RS) ratio, it’s not a major concern, at least not yet.

Financials and health care are also in the weakening quadrant on the daily RRG, but they’re flirting with the 100 level on the RS ratio scale. We haven’t seen a crossover yet, but it’s definitely a situation to be aware of.

One bright spot: communication services, despite being in the lagging quadrant, is showing signs of rolling back up. This aligns with its positive heading on the weekly RRG, suggesting potential improvement ahead.

Consumer Staples (XLP)

XLP is flexing its muscles, pushing against overhead resistance—a show of strength, given the S&P 500’s weakness. A break above the 83 area could unlock more upside potential, further cementing Staples’ defensive appeal. The relative strength line is attempting to break above horizontal resistance, dragging both RRG lines higher and pushing XLP deeper into the leading quadrant.

Utilities (XLU)

Utilities are showing a similar pattern to staples, though not quite as robust. XLU has retreated into its trading range, between roughly 73 and 80, currently sitting in the mid-range. Given the broader market weakness, this is still a positive setup for utilities. The sector is attempting to break above its relative resistance, which is propelling the RRG lines above 100 and deeper into the leading quadrant.

Financials (XLF)

Financials took a hit but found support around 42, bouncing strongly back towards the 47-47.50 resistance area. This sets up a limited upside potential, but the downside seems well-protected for now. The raw relative strength uptrend remains intact, keeping XLF in the leading quadrant, despite some leveling off of the RRG lines.

Communication Services (XLC)

XLC has been the biggest loser among the top sectors, breaking support around 95 and declining rapidly to support near 82.50. We’re currently seeing a bounce off that support. Relative strength is maintaining its rising channel, keeping the RS ratio well above 100. However, the momentum line has dipped below 100, temporarily pushing XLC into the weakening quadrant. The uptrend in relative strength is still in play, though — something to watch closely.

Health Care (XLV)

Healthcare is struggling, grappling with support between $132.50 and $135. A potential head-and-shoulders top formation is developing — a pattern we’re seeing in several sectors, to be honest. XLV is clearly the weakest of the top five, explaining its fifth-place ranking. Relative strength is struggling to maintain its upward trajectory. While both RRG lines remain above 100, we need to see a clear break in relative strength and the formation of an uptrend in order for healthcare to maintain its top-five status.

RRG Portfolio Performance

An update on our RRG portfolio of top five sectors: As of Friday’s close, the portfolio is down 10.2% year-to-date, compared to the S&P 500’s (using SPY as the benchmark) decline of 9.96%. This has resulted in a slight underperformance of 0.2%. However, it’s worth noting that we’re catching up to the benchmark after last week’s more significant underperformance — we’re on the rise again.

#StayAlert –Julius


John Feneck, portfolio manager and consultant at Feneck Consulting, outlines his updated outlook for gold as the yellow metal continues to reach new highs.

He also discusses seven gold and ‘special situations’ companies that are on his radar.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com