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Min Young-jae has not seen or heard anything about her eldest brother for 75 years. He was 19 and she was only 2 when, during the early days of the Korean War, he was kidnapped to the North.

Their peaceful days were shattered on June 25, 1950, when North Korea invaded the South. The three-year war would kill more than 847,000 troops and about 522,000 civilians from both sides, and tear apart more than 100,000 families, including Min’s.

After the war, the family kept the rusting doors of their tile-roofed house open, in hopes that their eldest would one day return. But over time, barbed wire has been installed between the two Koreas, and a modern apartment complex has replaced the house.

Though 75 years have passed without a single word about or from the brother, Min and her siblings remain hopeful that they will hear about him some day. Or, if not him, then his children or grandchildren.

A happy family

The family lived in Dangnim village, nestled between green mountains on the western side of Chuncheon city, nearly 100 kilometers northeast of Seoul. It was a village of chirping birds, streaming water and chugging tractors.

It was also dangerously close to the 38th parallel, which divided the peninsula after World War II.

Min Young-jae, the youngest of seven, does not remember fighting with any of her siblings growing up; only sharing tofu that her parents made, splashing in the stream and being carried around on her eldest brother’s shoulders.

Handsome, kind and smart, Min Young-sun was studying at the Chuncheon National University of Education, following in the footsteps of his father, the principal of Dangnim Elementary School.

“His nickname was ‘Math Whiz.’ He excelled in math, even his classmates called him Math Whiz,” Min Jeong-ja, the fifth child of the family, said.

Some days, students followed him all the way home, as he commuted via train and boat, asking him to teach math, the sisters recalled.

The sisters remember Min Young-sun as a caring brother. They caught fish and splashed in the nearby stream, now widely covered with reeds and weeds and almost out of water.

“We grew up in real happiness,” Min Jeong-ja said.

Torn apart

Living near the frontier between the newly separated Koreas – backed by the rival ideological forces of communism or capitalism – Min’s family was among the first to experience the horrors of the Korean War.

When Kim Il Sung’s North Korean troops invaded, Min Jeong-ja remembers seeing her grandmother running in tears, with a cow in tow, screaming: “We’re in a war!”

“We all spread out and hid in the mountains, because we were scared. One day, we hid the 4-year-old, Young-jae, in the bushes and forgot to bring her back because we had so many siblings. When we returned that night, she was still there, not even crying,” Min Jeong-ja said.

While the family was running in and out of the mountains, taking shelter from the troops coming from the North, Min Young-sun was kidnapped, taken to the North by his teacher.

“The teacher gathered smart students and hauled them (away). He took several students, tens of them. Took them to the North,” Min Jeong-ja said.

It is unknown why the teacher would have kidnapped the students to North Korea, but the South Korean government assumes that Pyongyang had abducted South Koreans to supplement its military.

“People called the teacher a commie,” Min Jeong-ja said.

That heartache was soon followed by another: the death of the second-eldest brother. He died of shock and pain, in deep sorrow from the kidnap of his brother, according to the sisters.

“The grief was huge. Our parents lost two sons… imagine how heartbreaking that would be,” Min Jeong-ja said.

For their father, the pain of losing two sons was overwhelming. He developed a panic disorder, she said, and would struggle to work for the rest of his life.

“He couldn’t go outside; he stayed home all the time. And because he was hugely shocked, he struggled going through day-to-day life. So, our mom went out (to work) and suffered a lot,” Min Young-jae said.

The mother jumped into earning a living for the remaining five children and her husband. Still, every morning she prayed for Min Young-sun, filling a bowl with pure water as part of a Korean folk ritual and leaving the first scoop of the family’s rice serving that day in a bowl for a son whom she believed would return one day.

“She couldn’t move house; in case the brother cannot find his way back home. She wouldn’t let us change anything of the house, not even the doors. That’s how she waited for him… We waited for so long, and time just passed,” Min Jeong-ja said.

The pain continues

Min Jeong-ja was 8 years old when the war started, but witnessed brutality that would overwhelm many adults.

“So many kids died. When I went out to the river to wash clothes, I occasionally saw bodies of children floating,” she recalled.

She remembers witnessing North Korean soldiers lining up people in a barley field, and shooting at them with submachine guns. “Then one by one, they fell on the barley field.”

“I saw too much. At one point – I didn’t even know if the soldier was a South Korean or North Korean – but I saw beheaded remains.”

The Min family is one of many torn apart by the war. More than 134,000 people are still waiting to hear from their loved ones believed to be in North Korea, which is now one of the world’s most reclusive states, with travel between the two countries nigh-on impossible.

Years after the Korean War, the two Koreas discussed organizing reunions for the separated families that have been identified from both sides through the Red Cross and both governments.

The first reunion happened in 1985, more than 30 years after the ceasefire agreement was signed, and the annual reunions kicked off in 2000, when many first-hand war victims were still alive, but occasionally halted when tensions escalated on the peninsula.

Once the two governments agree on a reunion date, one of the two Koreas selects families, prioritizing the elderly and immediate relatives, then shares the list with the other, which would cross check the family on its side to confirm the list of around 100 members.

The selected families would meet at an office specifically built for reunions at the Mount Kumgang resort in North Korea.

The Min siblings applied to the Red Cross at least five times and listed themselves under the South Korean government as a separated family. But there was never any word on their brother’s whereabouts from the other side.

As 75 years passed, the siblings grew up, got married, and formed their own families – but questions about their stolen brother linger.

Even worse, the annual reunions of separated families have been halted since 2018, following failed summit between US President Donald Trump and North Korea’s leader Kim Jong Un in Hanoi, while first-hand victims of the war age and pass away.

The Kumgang resort was dismantled by the North in 2022, also amid strained tensions.

But the siblings, following their parents’ wishes, still hope to connect with Min Young-sun, who would now be 94 years old.

“It’s been a long time since we were separated, but I would be so grateful if you’re alive. And if you’re not, I still would love to meet your children. I want to share the love of family, remembering the happy days of the past… I love you, thank you.”

She and the siblings remember the kidnapped brother by singing his favorite song, “Thinking of My Brother,” a children’s song about a brother that never returned.

“My brother, you said you would come back from Seoul with silk shoes,” Min Young-jae sang, while her sister wiped away tears.

This post appeared first on cnn.com

The Israeli military detained six settlers in the occupied West Bank overnight after the Israel Defense Forces (IDF) say the suspects attacked security forces.

The IDF says they spotted Israeli civilians driving toward a closed military zone near the Palestinian village of Kafr Malik, where days earlier settlers set fire to homes and vehicles in an attack Palestinian officials say killed three people.

When Israeli forces approached the group, the IDF says the soldiers were physically assaulted and verbally abused. In addition, the suspects vandalized and damaged the security forces’ vehicles and attempted to ram the forces.

Six suspects were apprehended and transferred to police, the IDF said.

“The IDF and Israel Police condemn any act of violence against security forces and will act firmly against any attempt to harm security personnel carrying out their duty to protect Israeli citizens,” the IDF said in a statement.

Israeli politicians condemned the settler attacks against Israeli security forces.

Head of the opposition Yair Lapid said in a statement on social media, “The extremists who attack IDF soldiers who are guarding the security of the State of Israel during these difficult days are dangerous criminals who are aiding our enemies.”

Yair Golan, the head of the left-wing Democrats party, who had called earlier settler attacks in the area a “violent Jewish pogrom,” said the violence from “the Kahanist, nationalist, and fantastic Israel is deliberately working to dismantle the Jewish and democratic Israel.” Golan referenced Meir Kahane, an extremist rabbi whose political party was banned outright in Israel under anti-terror laws.

“This is not a marginal occurrence. This is a dangerous current that has taken deep roots. Even around the government table,” Golan said, a reference to the far-right ministers that prop up the coalition government, including Itamar Ben-Gvir and Bezalel Smotrich, both of whom were sanctioned earlier this month by the UK, Canada, and other Western allies. Smotrich has called for formal annexation of West Bank settlements, while Ben-Gvir’s party consists of followers of Kahane’s banned political party.

In a statement, Defense Minister Israel Katz called on law enforcement authorities to act immediately to locate all those who resorted to violence and bring them to justice “as is done everywhere.”

On Friday, Nabil Abu Rudeineh, spokesman for the Palestinian Authority presidency, said the settler attacks are part of a plan by Israel’s “extremist right-wing government” to drag the West Bank into a larger confrontation, according to the Palestinian news agency WAFA. Abu Rudeineh held Israel fully responsible for “the consequences of this bloody aggression,” WAFA said.

Israel has been ramping up military operations in the West Bank alongside the offensive in Gaza and attacks on Iran and its proxies, displacing thousands of Palestinians and razing entire communities as it targets what it says are militants operating in the territory.

Earlier this week, Israeli forces shot dead a Palestinian teenager in the West Bank, Palestinian health authorities said. The Israeli military said that “terrorists hurled explosive devices at IDF forces.”

In late-May, Israel approved a massive expansion of settlements in the occupied West Bank in a move decried as de facto annexation of large swaths of the territory. Peace Now, an Israeli non-governmental organization that tracks settlements, said it was the largest expansion of settlements since the signing of the Oslo Accords more than 30 years ago.

Israel plans to establish 22 new settlements, including deep within the West Bank and in areas from which the country had previously withdrawn. Israeli settlements in the occupied West Bank, as well as in East Jerusalem and the occupied Golan Heights, are considered illegal under international law.

This post appeared first on cnn.com

Beneath a blaze of rainbow flags and amid roars of defiance, big crowds gathered in the Hungarian capital Budapest for the city’s 30th annual Pride march – an event that, this year, is unfolding as both a celebration and a protest.

Moving through the capital in the sweltering heat, demonstrators carried signs reading “Solidarity with Budapest Pride” and waved placards bearing crossed-out illustrations of Prime Minister Viktor Orbán.

Music played from portable speakers as people of all ages joined the march – families with pushchairs, teenagers draped in capes, and older residents walking alongside activists.

From the city’s historic centre to its riverside roads, the procession swelled in numbers and noise – visibly reclaiming public space in defiance of a law designed to push them out.

The march proceeded in open defiance of a police ban imposed earlier this year under sweeping new legislation that prohibits LGBTQ+ events nationwide.

Eszter Rein Bodi was one of those who joined the massive crowds in Budapest on Saturday, telling Reuters: “This is about much more, not just about homosexuality … This is the last moment to stand up for our rights.”

Krisztina Aranyi, another marcher, told the news agency that “the right to assembly is a basic human right, and I don’t think it should be banned.”

She added, “Just because someone does not like the reason why you go to the street, or they do not agree with it, you still have the right to do so.”

Huge crowds turned out in the city for the parade, with many holding homemade banners aloft. One sign read “Transgender people are a blessing on this earth” while another banner read “Proud. United. Equal in every corner of the EU.”

“Pride is a protest, and if Orbán can ban Budapest Pride without consequences, every pride is one election away from being banned,” she continued.

In March, Hungarian lawmakers passed legislation barring Pride events and permitting the use of facial recognition technology to identify participants – measures campaigners say is illegal and part of a wider crackdown on the LGBTQ+ community.

Orban welcomed the ban, which he said would outlaw gatherings that “violate child protection laws.” His government has pushed a strongly Christian and conservative agenda.

The ban sparked lively protests in Budapest in March, with organizers of the city’s Pride vowing to continue with the annual festival despite the new law and declaring: “We will fight this new fascist ban.”

A petition demanding police reject the ban has gathered over 120,000 signatures from supporters in 73 countries, urging authorities to “reject this unjust law” – believed to be the first of its kind in the EU’s recent history – and ensure that the march proceeded “unhindered and peacefully, free from discrimination, harassment, fear or violence.”

This post appeared first on cnn.com

Chartists can improve their odds and increase the number of opportunities by trading short-term bullish setups within bigger uptrends. The first order of business is to identify the long-term trend using a trend-following indicator. Second, chartist can turn to more granular analysis to find short-term bullish setups. Today’s example will use the Cloud Computing ETF (SKYY).

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, which has over a dozen reports. These cover the Zweig Breadth Thrust, trend-following signals, trailing stops and finding bullish setups. Check it out!

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The bears are now left grasping at straws. What about tariffs? What about inflation? What about recession? What about the Fed? What about interest rates? What about the Middle East? What about the deficits? Blah, blah, blah.

When it comes to the media, you need to bury your head in the sand. Actually, take your head out of the sand and bury it in the charts. That’s where you’ll find the truth.

I said all-time highs were coming back at the April low and here we are. The S&P 500 has set a new all-time record high today and, barring a significant afternoon decline, will set its all-time closing high above the previous closing high of 6144, which was set on February 19, 2025. This new high comes just as we begin to prepare for Q2 earnings season. The run up to earnings season is generally and historically quite strong, so get ready for more highs ahead.

Since 1950, the S&P 500 has produced annualized returns of nearly 27% during the period June 28th through July 17th. This annualized pre-earnings run is nearly triple the average S&P 500 annual return of 9% since 1950. Care to guess how the NASDAQ and Russell 2000 have fared during this bullish pre-earnings period?

  • NASDAQ: +38.67%
  • Russell 2000 (IWM): +32.61% (bullish period ends July 15th for small caps)

Clearly, the bulls have the historical advantage for the next 3 weeks. Technically, evidence began turning in the bulls’ favor in mid-March, despite the last big move lower in early April. I have the research to back that up and will discuss it at an event on Saturday (more details below). While the stock market was rapidly declining in April, Wall Street was happily stealing everyone’s shares during the panicked selloff.

Technical Strength

Two of the most important industry groups to follow are semiconductors ($DJUSSC) and software ($DJUSSW). These two groups are among the most influential in terms of driving the S&P 500 higher. Check out both of these charts and be sure to check out both the absolute and relative strength currently.

Semiconductors:

Software:

Now I’m going to provide charts of these same two groups, but this time show you how positively they correlate to the S&P 500’s direction over the course of this century.

Semiconductors:

Software:

Honestly, you don’t need a PhD in Economics to understand the above charts. It’s really quite simple. When semiconductors and software are rallying to new highs and showing relative strength, BUY U.S. stocks! They both have extremely tight positive correlation with the S&P 500 and they both look very technically sound right now.

Interest Rate Cut

It’s coming and it’s coming fast! I’m now convinced that the Fed will cut the fed funds rate in a month at their next scheduled meeting on July 29-30. I’m not saying it because I feel the Fed should cut or needs to cut. I’m saying it because there’s a ton of buying right now in the 1-month treasury, sending its yield down. The 1-month treasury yield ($UST1M) typically begins to move BEFORE any Fed action occurs. We saw it back in August/September 2024, just prior to the 50 basis point cut at the September 2024 meeting:

The black directional lines in the bottom panel mark approximately the date that the Fed lowered the fed funds rate. The red directional lines in the top panel highlight the downward movement in the $UST1M PRIOR to the Fed’s lowering roughly a month later. Again, I’m not making this stuff up. The charts are telling me a story here and the current story is that rates are about to come down.

Checkmate bears.

Follow the charts, not the media!

The Game

I’m beginning to believe that capitulation is nothing more than a staged event for the Wall Street elite and we’re the panicked pawns running around with our hair on fire. Those days are over for EarningsBeats.com members. We saw this one coming, just like we saw it coming in 2022. Getting out at the top with the Wall Street elite and getting back in at the bottom before them is an excellent recipe for beating the S&P 500 by a mile!

Learning is the key. We focus on market research, guidance, and education at EarningsBeats.com. Those are our 3 pillars of business. Calling the 2025 market top wasn’t a coincidence. We’ve done it before and we’ll do it again. Jumping back in near the bottom was no coincidence either. Our signals are proven and they work.

On Saturday morning at 10:00am ET, we’re hosting a FREE educational event, “Trading the Truth: How Market Manipulation Creates Opportunity”. I’m going to show everyone the “play-by-play” of how we were able to move to cash BEFORE the market top and back into stocks NEAR the market bottom. Market tops form with many of the same signals each time. To learn more about this event and to register with your name and email address, CLICK HERE.

If you’ve struggled with all the uncertainty in 2025 and haven’t trusted stocks, it’s time that you change your process and strategies. I’ll see you on Saturday!

Happy trading!

Tom

If you’ve looked at enough charts over time, you start to recognize classic patterns that often appear. From head-and-shoulders tops to cup-and-handle patterns, they almost jump off the page when you bring up the chart. I would definitely include Fibonacci Retracements on that list, because before I ever bring up the Fibonacci tool on StockCharts, I’m pretty confident the levels are going to line up well with the price action.

Today, we’re going to look at a breakout name that shows why Fibonacci Retracements can be so valuable for confirming upside potential. We’ll also explain some best practices for identifying the most important price levels to use when setting up a Fibonacci framework. Finally, we’ll show how Fibonacci analysis could have helped you validate the current uptrend phase for the S&P 500 index.

Confirming Breakouts: Norwegian Cruise Line Holdings (NCLH)

I started dropping quite a few Fibonacci Retracements on price charts soon after the April 7, 2025 market low. As stocks experienced a sudden and severe bounce off those lows, it became clear that we would need some way to validate a potential upside swing. That helped me zero in on the $20 level for Norwegian (NCLH), a level which was finally eclipsed this week.

Using the January high and the April low, we can see a 38.2% Fibonacci level come in right around $20. A gap higher in mid-May took NCLH close to that level, which was then retested again in early June. After bouncing off the 50-day moving average last week, Norwegian finally pushed above this first Fibonacci resistance level with Friday’s rally.

One of the ways we can differentiate between a “dead cat bounce” off a major low and the beginning of a much larger recovery phase is to key in on the first Fibonacci retracement level. If the price can push above this initial upside target, ideally on heavier than normal volume, then the chances of further upside are significantly increased.

In the case of NCLH, we can now bump up a price target to further Fibonacci levels. The 50% line, just below $20, lines up fairly well with the 200-day moving average. The 61.8% comes in right around $23.50, which represents my next upside target, assuming this week’s strength is confirmed by a follow-through day next week.

Identifying Pullbacks: Raytheon Technologies (RTX)

We can also use Fibonacci Retracements to identify downside targets after a major price peak. In the case of Raytheon Technologies (RTX), that means we use the April low and the high from mid-June to generate potential support levels.

In this case, we can see that the Fibonacci retracement levels line up very well with traditional support levels using the price action itself. The 38.2% level lines up with the mid-June low around $135, which also coordinates with the 50-day moving average. Beyond that support, the 50% level sits right at the late May low at $131, and the 61.8% level comes in right around the early May support at $126.

Given an initial pullback from the June peak around $149, I’m seeing strong potential support at the 38.2% level and 50-day moving average around $135. Now I can use Fibonacci levels to better define my risk vs. reward, showing how much downside action I’d anticipate while still keeping an eye on a return to the previous all-time highs.

Validating Uptrends: The S&P 500 Index ($SPX)

Sometimes Fibonacci Retracements are valuable in that they help validate that an uptrend is progressing with a decent pace. For the S&P 500 chart, every break of a Fibonacci resistance level has confirmed the strength of the broad market indexes off the April low.

It took only two sessions for the SPX to break above the 38.2% retracement of the February to April downtrend phase. In fact, the S&P almost reached the 50% level before pulling back to around 5100 in mid-April. From there, we can see a gap back above the 38.2% level, which helped confirm the strength of the new uptrend phase.

I still have the pink trendline on my chart that I remember drawing during the downtrend phase. “As long as the S&P remains below trendline resistance, the market is in a clear downtrend,” I remember saying out loud on my market recap show. So when the SPX broke above the 50% level, as well as that clear trendline, I was forced to acknowledge the staying power of this new uptrend phase.

The S&P 500 stalled out at the 61.8% retracement level in early May, but another price gap higher signaled that the final Fibonacci resistance level was no longer going to hold. And once you eclipse the final Fibonacci level, that implies a full retest back to the 100% point.

So am I surprised that the S&P 500 has pushed to new all-time highs this week? Absolutely not. Indeed, using Fibonacci Retracements on charts like this have helped me admit when a new uptrend is showing strength, and provide plenty of reminders to follow the trend until proven otherwise!

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

marketmisbehavior.com

https://www.youtube.com/c/MarketMisbehavior


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.

As we head into the second half of 2025, here are three stocks that present strong technical setups with favorable risk/reward profiles. One is the largest market cap stock we’re familiar with, which bodes well for the market in general. The second is an old tech giant that’s making a comeback. The third is a beaten-down S&P 500 name that may be ready to rally.

Let’s dive into these three stocks.

NVIDIA (NVDA) is Leading the Market

Nvidia (NVDA) shares have finally broken out and closed above $150, a level we’ve been closely watching. With price action above that resistance threshold, NVDA’s stock price has room to run.

DeepSeek and tariff concerns seem to be in the rearview mirror. The fundamental positives are continued earnings growth, continued large tech cap-ex spend, and, more recently, Jensen Huang’s unveiling of a cute robot he feels could be the next big thing.

Technically, this move has legs, and we have the patterns and history to show for it. The risk/reward set-up is now quite favorable. Let’s break it down.

Over the last five years, there have been periods of consolidation (green boxes) and then significant breakouts to the upside. In all cases, shares became overbought according to the relative strength index (RSI). But overbought doesn’t mean NVDA’s stock price will reverse. During uptrends, overbought conditions can last for quite some time, as they did after the prior two significant breakouts.

With the official breakout above $150 and RSI again reading over 70, history suggests an extended rally is in the cards. A gain of 25–30% from current levels and a run to $200 is likely.

The downside risk is to the $150 level, from which shares just broke out. If this move is just a head fake, then use that level as a stop to limit your losses. This risk/reward set-up is why we believe this is one to own for the back half of 2025.

Cisco Systems (CSCO) Finds New Life

Old-timers like me may remember what a high flyer Cisco Systems (CSCO) once was. It’s been a member of the Dow Jones Industrial Average ($INDU) since June 2009, and shares have struggled to sustain any upward momentum until lately.

Fundamentally, the company continued to grow through acquisition. Now, those deals are starting to help their bottom line, namely the $28 billion acquisition of Splunk that closed in 2024. 

Technically — and that’s what we care about on the StockCharts platform — we can have some fun.

Below is a 30-year chart going back to the dot-com boom. Cisco was one of Wall Street’s darlings and climbed astronomically before falling from the skies. It has struggled to revisit those levels, but that could change soon. 

Switching to a smaller time frame — a three-year weekly chart (see below) — we are seeing great set-ups as we head into the back half of 2025.

CSCO’s stock price consolidated between $43 and $55 for 15 months and broke out in late 2024. Shares rallied and then pulled back to old resistance (now support) at $55 and began their climb back.

Now shares are breaking out again. An upside target of $82, the all-time high set back during the dot-com era, is within reach and may just get there by year-end. The risk/reward seems favorable and, given the run in tech and cyber stocks which CSCO represents, the momentum is there to reach those highs.

Generac’s Power Play

Welcome to hurricane season! It lasts from June 1st to November 30. Generac (GNRC), a leader in home backup power, tends to perform well during weather extremes. It isn’t always the primary catalyst for rallies over the long term in the stock, but it can spur short-term rallies.

Last week, as much of the country was in the middle of a heat wave, GNRC had the best week of gains since November 2024, rallying nearly 12%. The trend change seems to be underway. Shares are lower by -8.1% year-to-date, and there’s room to run.

However, the charts are showing signs of life. Let’s keep this one as simple as possible.

The stock broke its longer-term downtrend (red line)

Shares have made a consistent set of higher lows (green uptrend)

Shares recaptured their 50-day moving average

Shares consolidated in an ascending triangle and broke out

Shares tested and failed to recapture their 200-day moving average

Progress is being made. The trend has changed, there’s something to reverse, and seasonal factors and reduced tariff concerns are a true tailwind.

Shares could easily pull back — a flag, if you will — to the $135 area, but should be a great entry point from a risk/reward perspective. Overall, shares are poised to continue reversing that longer-term downtrend, and could be a good addition to the portfolio for the end of 2025.

The Bottom Line

Each of these stocks offers a viable investment strategy with favorable risk-to-reward ratios. If you’re going to enter a position, use clearly-defined stop levels to manage your risks.


After six weeks of consolidation and trading in a defined range, the markets finally broke out from this formation and ended the week with gains. Over the past five sessions, the markets have largely traded with a positive undercurrent, continuing to edge higher. The trading range was wider than anticipated; the Nifty traded in an 829-point range over the past few days. Volatility took a backseat; the India Vix slumped by 9.40% to 12.39 on a weekly basis. While trending higher throughout the week, the headline index closed with a net weekly gain of 525.40 points (2.09%).

The breakout that occurred in the previous week has pushed the support level higher for the Index. Now, the most immediate support level has been dragged higher to the 25100-25150 zone, the one that the markets penetrated to move higher. So long as the Nifty keeps its head above this zone, it is likely to continue moving higher. Over the coming weeks, we are also likely to see a distinct shift in the leadership, with the sectors that were in the bottoming-out process taking the lead. This would also mean that one must now focus on taking profits in the spaces that have run up much harder over the past week. While protecting gains, it would be wise to shift focus to the sectors that are likely to see much improved relative strength going forward from here.

The levels of 25750 and 26000 are likely to act as potential resistance levels for the coming week. The supports come in at the 25,300 and 25,000 levels. The trading range is likely to stay wider than usual.

The weekly RSI is 64.58; it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and remains above its signal line. A large white candle emerged, indicating the directional strength that the markets exhibited throughout the week.

The pattern analysis of the weekly chart shows that the Nifty initially crossed above the rising trendline pattern resistance. This trendline began from the low of 21150 and joined the subsequent rising bottoms. However, the Nifty consolidated above the breakout point for six weeks before finally resuming its move higher. The Index has pushed its resistance levels higher; as long as the Index stays above the 25000 level, this breakout will remain valid.

It is also important to note that the Nifty’s Relative Strength (RS) line is attempting to reverse its trajectory. This may lead to the frontline index improving its relative performance against the broader markets. Along with this shift in relative strength, it is also strongly recommended that one consider protecting gains in sectors that have risen significantly over the past several weeks. The leadership over the coming weeks is likely to change, making rotating sectors even more important than before. While protecting gains, new purchases must be initiated in sectors that are showing improvement in momentum and relative strength. While some consolidation cannot be ruled out, a positive outlook is suggested for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that only two sector Indices, Nifty Midcap 100 and the Nifty PSU Bank Index, are inside the leading quadrant. While the Midcap Index continues to rotate strongly, the PSU Bank Index is seen giving up on its relative momentum. These two groups are likely to outperform the broader markets relatively.

The Nifty PSE Index has rolled inside the weakening quadrant. This may result in the sector slowing down on its relative performance. The Nifty Commodities, Financial Services, Infrastructure, Banknifty, and the Services Sector Index are also inside the weakening quadrant.

The Nifty Consumption Index has rolled into the lagging quadrant. The FMCG Index and the Pharma Index also continue to languish inside this quadrant. The Nifty Metal Index is also located within the lagging quadrant; however, it is sharply improving its relative momentum compared to the broader markets.

The Nifty Realty, Media, IT, Auto, and Energy Indices are located within the leading quadrant. These groups are likely to assume leadership over the coming weeks as they continue to improve their relative momentum and strength compared to the broader Nifty 500 Index.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

Rio Silver Inc. (the ‘Company’ or ‘Rio Silver’) (TSX.V: RYO) (OTC: RYOOF) announces that, further to the announcement on May 1, 2025, it will consolidate (the ‘Consolidation’) its common shares on the basis of five pre-Consolidation common shares for one post-Consolidation share.

The Company expects that the TSX Venture Exchange (the ‘Exchange’) will issue a bulletin in short order, confirming that the Company’s common shares will then commence trading on a post-Consolidation basis effective on or about the opening of trading on Thursday, July 3, 2025. There will be no change to the Company’s name or trading symbol. The new CUSIP and ISIN numbers for the post-Consolidation shares are 76721A113 and CA76721A1131, respectively.

No fractional common shares will be issued, and fractions of less than one-half of a common share will be cancelled and fractions of at least one-half of a common share will be converted to a whole common share. Outstanding options, warrants and other convertible securities will likewise be adjusted for the Consolidation, with the number of underlying common shares and exercise prices being adjusted accordingly.

The Company currently has 84,832,845 common shares issued and outstanding, and immediately following the Consolidation the Company expects to have, subject to rounding adjustment, approximately 16,966,572 common shares issued and outstanding, none of which are subject to escrow.

Letters of Transmittal will be mailed shortly to registered shareholders who hold share certificates, with instructions for the exchange of existing share certificates for new share certificates. Shareholders holding uncertificated shares (such as BEO, NCI and DRS positions) will have their holdings adjusted electronically by the Company’s transfer agent and need not take any further action to exchange their pre-Consolidation shares for post-Consolidation shares.

The Company expects that the Consolidation will provide the Company with increased flexibility in structuring and completing financings and potential business transactions. Shareholder approval for the Consolidation was received at the Company’s Annual General and Special Meeting of Shareholders held on June 12, 2025, as previously announced on June 25, 2025.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.
Chris Verrico
Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

News Provided by GlobeNewswire via QuoteMedia

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“(Lithium) is not for the faint-hearted. It demands resilience, foresight and leadership,” said Pilbara Minerals (ASX:PLS,OTC Pink:PILBF) Managing Director and CEO Dale Henderson.

He was speaking at Fastmarkets’ Lithium Supply & Battery Raw Materials Conference, held this week in Las Vegas.

Henderson touched on three main points: current lithium market dynamics, how Pilbara Minerals is navigating the lithium landscape and his recommendations for the global lithium industry.

Lithium’s strong long-term fundamentals

Henderson began by going over key numbers relevant to the lithium sector. According to the CEO, there was a 26 percent year-on-year increase in demand for electric vehicles (EVs) from 2023 to 2024.

Lithium plays a vital role in the production of EVs, as it is a key component of the batteries that power them.

Alongside that EV demand increase, mass energy storage also saw a 51 percent leap.

“I don’t think there’ll be any deniers around the long-term prospects of lithium, but it’s worth reflecting on how quickly it’s changing,’ Henderson told the Fastmarkets audience.

Henderson speaks on stage at the Fastmarkets event.

Image via Georgia Williams.

Looking at areas connected to lithium, Henderson mentioned solar, saying it now surpasses all power-generation technology investment combined. Solar falls under the clean energy umbrella, which receives more than $2.2 trillion in investment per year — twice the amount of investment made in fossil fuels.

“We are witnessing and (are) part of an incredible period. Technology, policy (and) consumer sentiment can continue to drive what is a structural shift towards electrification,’ he said. ‘Lithium remains at the center of this shift.’

The paradox, according to Henderson, is that while scaling up is happening, prices have been cycling down.

“We’re 12 months into a period of curtailments and reset. And where we are now — we sit deep into the cost curve with price levels, of course, at unsustainable levels for many operators,’ he noted.

‘But these cycles, or these resets, offer a fantastic reset for market, albeit they’re painful.”

The Pilbara CEO emphasized that while lithium prices have fallen to “clearly unsustainable” levels, the long-term demand and strategic relevance of lithium will survive it.

“This is not a short-term trend. This is a structural transformation, and lithium remains at core.”

Pilbara Minerals’ lithium strategy

Looking over to Pilbara Minerals, Henderson went over its recent achievements and future plans.

“We’re keeping our lives absolutely committed to our strategy,” he said about the company, adding that the past year was Pilbara Minerals’ “most transformational year for business.”

Highlights from the period include the acquisition of Latin Resources and its flagship Salinas lithium project in Brazil, which was announced in August 2024 and closed this past February.

The CEO also discussed the company’s flagship Pilgangoora operation, which he described as a globally significant tier-one lithium asset with a mine life of 33 years. Pilgangoora is located 140 kilometers from Port Hedland in Western Australia and is one of the world’s largest hard-rock lithium operations.

Pilbara Minerals has completed two expansions, including the buildout of the world’s largest hard-rock ore-sorting plant, which aims to improve lithium recovery, increase final product quality and reduce energy consumption.

In addition to that, Henderson said Pilbara Minerals boosted its reserves by 23 percent last year.

Furthermore, the company became a lithium hydroxide producer via its partnership with POSCO Holdings (NYSE:PKX,KRX:005490), and is working on a demonstration plant for its midstream project.

In January, the Western Australian government’s Investment Attraction Fund contributed AU$15 million for work at the plant, which is a joint venture with Calix (NYSE:CALX,ASX:CXL).

Henderson said the demonstration plant is currently under construction.

Last year, Pilbara Minerals contributed approximately 8 percent to global lithium supply. The company’s cash balance currently stands at AU$1.1 billion.

Lithium industry must align for success

According to Henderson, certainty and efficient operations are everything in today’s lithium market.

“Government policy is forcing change, both in sticks and carrots, and supply chain diversification is underway, but largely the processing remains very much concentrated,’ he said.

Henderson highlighted coordination and collaboration as key points, saying that thriving in this environment means building deeper integration across the supply chain.

Lithium industry challenges and opportunities.

Chart via Pilbara Minerals.

He added that the lithium industry is not the first sector to grow from a small base and has yet to mature on a number of dimensions. Henderson summarized his key recommendations into four points:

  • Support a central and efficient spot market trading location
  • Put a trusted futures exchange in place
  • Align on specifications across the lithium product site
  • Align on standardized trading terms

He also presented a list of challenges and corresponding opportunities regarding the lithium market, saying that while there’s a lot of pain in the industry, it’s also the time for great partnerships to be forged.

“This industry will evolve with or without our stewardship. This is a call to leadership across our group,” he concluded. “The challenge is ours. The opportunity is real. Let’s build it together and turn this market pain into a strategic avenue.”

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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