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  JZR Gold Inc. 
             

 

July 11, 2025 TheNewswire – Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV:  JZR) (the ‘ Company ‘ or ‘ JZR ‘) is pleased to announce that it intends to undertake a non-brokered private placement offering (the ‘ Offering ‘) of up to 5,000,000 units (each, a ‘ Unit ‘) at a price of $0.30 per Unit, to raise aggregate gross proceeds of up to $1,500,000.  Each Unit will be comprised of one common share (each, a ‘ Share ‘) and one share purchase warrant (each, a ‘ Warrant ‘). Each Warrant will entitle the holder to acquire one additional common share (each, a ‘ Warrant Share ‘) of the Company at an exercise price of $0.40 per Warrant Share for a period of two (2) years after the closing of the Offering. The Warrants will be subject to an acceleration clause whereby, in the event that the volume weighted average trading price of the Company’s common shares traded on TSX Venture Exchange, or any other stock exchange on which the Company’s common shares are then listed, is equal to or greater than $0.75 for a period of 10 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the Warrant holders. The Units, Shares, Warrants and any Shares issued upon the exercise of the Warrants will be subject to a hold period of four months and one day from the date of issuance.

 

  The Units will be offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106 –   Prospectus Exemptions.  

 

  The Offering may close in one or more tranches, as subscriptions are received.  The Securities will be subject to a hold period of four months and one day from the date of issuance.  Closing of the Offering, which is expected to occur on or about July 21, 2025, will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Exchange.  

 

  The Company intends to use the net proceeds from the Offering to fund operations of the fully constructed 800 tonne-per-day gravimetric mill, as well as future exploration work on the Vila Nova Gold project located in Amapa State, Brazil, and for general working capital purposes. JZR has been advised by its Joint Venture Royalty Agreement partner, ECO Mining Oil & Gaz Drilling and Exploration Ltda. (EIRELI) (‘ECO’), that the Mill is fully operational, but ECO is completing a few minor improvements to the Mill to improve operational efficiency. There will be further updates regarding operations in the immediate future.  

 

For further information, please contact:

 

Robert Klenk

 

Chief Executive Officer

 

rob@jazzresources.ca

 

Forward-Looking Information

 

  This press release contains certain ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes all statements that are not historical facts, including, without limitation, statements with respect to the details of the Offering, including the proposed size, timing and the expected use of proceeds and the receipt of regulatory approval for the Offering.  Forward-looking information reflects the expectations or beliefs of management of the Company based on information currently available to it.  Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.  These factors include, but are not limited to:   the Company may not complete the Offering; the Offering may not be approved by the TSX Venture Exchange;   risks associated with the business of the Company; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company’s continuous disclosure documents filed with the Canadian securities regulators.  The forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.  The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.  

 

  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 press release.  

 

None of the securities of JZR have been registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’), or any state securities law, and may not be offered or sold in the United States or to, or for the account or benefit of, persons in the United States or ‘U.S. persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Is the market flashing early signs of a shift?

In this week’s video, Mary Ellen McGonagle breaks down the subtle but telling moves happening under the surface. From strength in semiconductors, home builders, and energy to surging momentum in Bitcoin and silver, Mary Ellen highlights the sectors gaining traction and the technical setups traders should have on their radar.

She also spots stocks breaking above key moving averages, potential reversal patterns, and actionable insights heading into earnings season.

If you’re looking for timely trade ideas and a roadmap to where money is flowing next, don’t miss this breakdown.

This video premiered on July 11, 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.

Ashley Williams, a longtime ally of former President Joe Biden, met with House investigators behind closed doors for nearly six hours Friday as Republicans probe allegations the Democrat’s top aides hid his mental decline.

A source familiar with the transcribed interview told Fox News Digital Williams said she did not ‘recall’ various things ‘an untold number of times.’

‘Examples include she could not recall if she spoke with President Biden in the last week, if teleprompters were used for Cabinet meetings, if there were discussions about President Biden using a wheelchair, if there were discussions about a cognitive test, if she discussed a mental or physical decline of President Biden, if she ever had to wake President Biden up and how she got involved with his 2020 campaign,’ the source said.

Williams told House investigators Biden is fit to be president today, the source said. 

In addition to whether senior aides covered up Biden’s alleged decline, House Oversight Committee Chairman James Comer, R-Ky., is looking into whether any presidential orders were signed via autopen without the former commander in chief’s knowledge.

Any allegations of wrongdoing so far have been denied by the ex-president’s allies.

But Republican investigators have pointed to Biden’s disastrous June 2024 debate and subsequent revelations in the media that there were more concerns from Biden’s inner circle about his fitness for office than previously known.

Williams, however, argued he was in command of himself during that debate, the source said.

The former White House aide said nothing to reporters when entering or leaving the committee meeting room for her voluntary interview.

Fox News Digital reached out to Williams’ lawyers for their account of events inside the room.

It was a staff-led meeting, but Rep. Jasmine Crockett, D-Texas, briefly stopped in for just under 30 minutes to show ‘solidarity’ with the witness, the progressive told reporters afterward.

‘I do think that it is important that I show up because if they are going to make allegations about the former commander in chief, egregious allegations they continue to wage, I want to make sure that I’m in the room to correct the record because a lot of times they like to mischaracterize things,’ she said.

When asked by Fox News Digital if the interview was still ongoing as she exited, Crockett answered, ‘It’s still going. I’m leaving early. I’ve got to get to another thing.’ 

The source who spoke with Fox News Digital said Crockett had come in during the GOP’s questioning session and did not ask any questions herself. Fox News Digital reached out to her office for a response.

Williams is a longtime Biden ally whose time with the Democrat goes back to assisting second lady Jill Biden during the Obama administration, according to a 2019 profile of Biden staffers.

Williams later worked for Biden’s 2020 campaign and presidential transition team. She served as his trip director before being hired by the White House as deputy director of Oval Office operations and a special assistant to the president.

Williams ended her White House tenure as deputy assistant to the president, senior advisor to the president and director of strategic outreach, according to her LinkedIn page.

Notably, the social media page also says Williams still works for the ex-leader as senior advisor in the Office of Former President Joe Biden.

She was subpoenaed by the House Oversight Committee last year during Republicans’ investigation into Biden’s cognitive health, but GOP investigators say the former White House blocked her from giving any information.

The Democratic staffer is the third person to appear before committee investigators in recent weeks.

Former Biden White House physician Kevin O’Connor appeared for a sworn deposition Wednesday after being subpoenaed by Comer.


This post appeared first on FOX NEWS

As we navigate the evolving stock market landscape, understanding key sectors and their trends is important, especially during earnings season. This week, the spotlight shines on the Financial sector, with several of the largest banks reporting. Five of the top 10 holdings within the Financial Select Sector SPDR ETF (XLF) are on deck: J.P. Morgan (JPM), Goldman Sachs (GS), Bank of America (BAC), Wells Fargo (WFC), and Morgan Stanley (MS). 

This week we will focus on the Financial sector via XLF and zoom in on one of its top components, Goldman Sachs.

The Financial Sector: A Technical Look at XLF

XLF has been outperforming the S&P 500 ($SPX), experiencing new all-time highs, and has been a leading sector in the most recent market rebound.

Now that all banks that were susceptible to the Fed’s stress test have passed with flying colors, questions loom about whether less stringent regulations will lead to more growth. The sector has not experienced much M&A activity, and the IPO market has yet to come back to a healthy level of activity. However, there is hope that a banking renaissance is on the horizon, and maybe this quarter will give a rosier outlook than more recent forecasts.

Technically, XLF looks promising. Shares broke out to new all-time highs ahead of earnings and are now set up with good risk/reward potential for investors. 

The pattern from which it broke out is a bit of a wonky head-and-shoulders pattern. I’d call this a stretch as it isn’t picture perfect, but the price image presented is close enough to set parameters to trade. 

The breakout on a gap to new highs is extremely bullish, and that gap level could be used as a stop-loss to the downside, worst case should be the rising 50-day moving average. Buyers should come back into the sector there on a dip.

Goldman Sachs (GS): A Bellwether

Goldman Sachs, the largest component in the price-weighted Dow Jones Industrial Average, reports results on Wednesday morning just days after hitting all-time highs. Investors will be looking for any commentary focused on tariffs and margins. 

Has there been any impact on their results, or have concerns about inflation been overblown? Any earnings pressure on their bottom line could cause ripple effects throughout other sectors like industrials, materials, and technology. 

Shares declined 33% then rallied 65% from their April 7 lows. Shares may need a breather as they are overbought, but that’s where opportunity may lie. Wouldn’t chase it just yet. I would own for the long term, but price action could be very interesting when they report next week. 

One bold prediction — look for a possible stock split announcement. Since their debut in 1999, shares have never split. Seeing the recent price surge and its size in the Dow, that option should be on the table. 

Technically, shares have been on a tremendous run as they’ve rallied 65% from their April 7 lows. Shares may need a breather as they are overbought, but that may be where the opportunity lies when they report next week. 

The stock has rallied with a series of gaps along the way. Those gaps tell a story, and it’s worth watching the most recent gap from $690 to $700. Each jump higher has not experienced a full retracement — a gap fill, if you will.

The gaps higher have been very bullish. The first large gap — a breakaway gap — started the main part of this rally. We have seen a series of smaller gaps that helped extend the rally. Now, we may be tiring. Watch the $690 level to see if that gap can hold. If it can’t, then there may be more selling pressure over the near term. 

A healthy pullback given the strong bull run is likely, but buyable. A break below $690 could see a swift move lower to the $665 level. If things turn negative, then the rising 50-day moving average, which coincides with a key Fibonacci retracement level just below $620 would be an ideal entry point from a risk/reward perspective. 

The good news is that any weakness in the stock looks like it should be met with great opportunities to enter the name. The long-term trend is up, and the momentum is there not only in the stock but within the sector. The long-term trader shouldn’t fret earnings; the swing trader may get an opportunity to buy a dip from an overbought condition. The bad news would be that the stock gaps higher again and continues its upward trajectory. 

Beyond Financials: Johnson & Johnson (JNJ)

While financials take center stage, we want to touch upon another significant company reporting this week: Johnson & Johnson (JNJ).

JNJ shares have remained relatively flat for the better part of five years. Much of the earnings focus will be on plans to navigate patent expirations. 

Merck acquired Verona last week. The patent cliff will continue to be a hot topic for the entire pharma industry. As for JNJ, it’s confronting the expiration of exclusivity on Stelara, its $10B+ immunology blockbuster drug. The exclusivity expires first in Europe this year and then in the U.S. in 2026.

As for reaction to earnings, don’t expect too much activity. The average move post-results has been +/- 2.05%. Shares have traded lower after five of the last seven times. Shares of the Dow stock are up 8% year-to-date and -9% off their highs.

Technically, there isn’t much to see here. We backed it out to look at price in a five-year weekly range to illustrate that point.

Shares have been in a wide range between roughly $138 to $168 over this lengthy span. Yes, I yawned when I typed this out — it’s that boring. We don’t expect much to change, but there are small setups for a shorter-term swing trader.

The stock, while breaking above the midpoint of this longer-term range, is forming a bullish ascending triangle and has, albeit tight, risk/reward parameters for those looking to trade. 

To the downside, look for the continued near-term uptrend to hold and find support right at the 200-day moving average just below $153. A good entry point in which one could manage risk. 

To the upside, a break above $158 could take shares to their recent highs and slowly and steadily towards the $168 level. The set-up is far from ideal when looking at the longer-term action, but near term, there could be a quick play and maybe, just maybe, shares can finally escape the longer-term neutral range. 


David Gergen, who worked for four presidents, including Richard Nixon, Gerald Ford, Ronald Reagan and Bill Clinton, before becoming an academic and political TV pundit, has died. He was 83. 

Gergen died in a retirement home in Massachusetts on July 10, his son said, according to several outlets. 

The Washington, D.C., veteran had been suffering from Lewy body dementia, his son said. 

Those who knew and admired Gergen took to X to express their condolences. 

Former California first lady Maria Shriver wrote on X: ‘David Gergen was total professional and a really kind man. My thoughts are with his family. He loved politics and he loved being in service to this country.’

‘RIP, Mr. Gergen,’ CBS reporter Robert Costa wrote. 

Former Democratic Tennessee Congressman Harold Ford, Jr. wrote: ‘We lost a good one, a really good one – RIP, my friend David Gergen

Gergen came up with the line that then-candidate Reagan said in the 1980 election: ‘Are you better off than you were four years ago?’ according to The New York Times. 

He later said of the line: ‘Rhetorical questions have great power.’ 

Of his time with the Nixon administration, Gergen told the Washington Post in 1981, ‘I was young, and I was too naive. It hardened me up a lot. It was an extremely difficult experience emotionally, in terms of belief in people.’ 

After leaving public office, Gergen worked as an editor and columnist, as well as for the conservative American Enterprise Institute and the liberal Kennedy School of Government at Harvard University. He was also a commentator for PBS, CNN and NPR. 

‘To say that I rely on him is an understatement,’ Reagan’s White House Chief of Staff, James A. Baker III, told The Washington Post in 1981. ‘He’s the best conceptualizer, in terms of communications strategy, that we have.’


This post appeared first on FOX NEWS

The S&P continues to push higher, with the equity benchmark almost reaching 6300 this week for the first time in history.  With so many potential macro headwinds still surrounding us, how can the market continue to reflect so much optimism?  On the other hand, when will bulls wake up and realize that this market is obviously overextended and rotate significantly lower?

With the S&P 500 once again achieving new all-time highs, and with Q2 earnings just around the corner, I thought it would be a perfect time to revisit an exercise in probabilistic analysis.  Basically, I’ll lay out four different scenarios for the S&P 500 index between now and late August.  Which path do you see as the most likely and why?  Watch the video, check out the first scenarios, and then cast your vote!

By the way, we last ran this analytical process on the S&P 500 back in May, and check out which scenario actually played out!

And remember, the point of this exercise is threefold:

  1. Consider all four potential future paths for the index, think about what would cause each scenario to unfold in terms of the macro drivers, and review what signals/patterns/indicators would confirm the scenario.
  2. Decide which scenario you feel is most likely, and why you think that’s the case. Don’t forget to drop me a comment and let me know your vote!
  3. Think about how each of the four scenarios would impact your current portfolio. How would you manage risk in each case? How and when would you take action to adapt to this new reality?

Let’s start with the most optimistic scenario, with the S&P 500 index continuing the recent uptrend phase to retest all-time highs by June.

Option 1: The Super Bullish Scenario

The most bullish scenario would involve the S&P 500 continuing a similar trajectory that we’ve seen off the April low.  Growth continues to dominate, tariffs remain essentially a non-issue, volatility remains lower, and the market moves onward and ever upward!

Dave’s Vote: 10%

Option 2: The Mildly Bullish Scenario

What if the uptrend continues, but at a much slower rate?  The “mildly bullish scenario” would mean the S&P 500 probably tops out around 6300-6400 but doesn’t get any further.  Perhaps a leadership rotation emerges, and technology stocks start to pull back as investors rotate to other sectors and themes.  Lack of upside momentum from the largest growth names slows the uptrend in a big way.

Dave’s vote: 30%

Option 3: The Mildly Bearish Scenario

Maybe “the top” is already in, and even though July is traditionally a strong month, we see a corrective move into August that brings the S&P 500 down to the 200-day moving average.  Bulls and bears would probably feel quite vindicated here, as bulls would see this as a healthy pullback, and bears would see this as a serious wake up call for investors.

Dave’s vote: 45%

Option 4: The Very Bearish Scenario

We always need a doomsday scenario, and here we’ll describe how the S&P 500 could go back down to retest the May price gap.  If Q2 earnings season becomes all about companies reflecting on a significantly negative impact from potential tariffs, and investors begin to not just complain about overvalued stocks but actually start selling as a result, we could certainly see a downside move to retrace about 38.2% of the April to July uptrend phase.

Dave’s vote: 15%

What probabilities would you assign to each of these four scenarios?  Check out the video below, and then drop a comment with which scenario you select and why!


RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

Chief Market Strategist

StockCharts.com

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.

Former White House aide Ashley Williams is the latest ex-Biden administration official to appear in the House Oversight Committee’s probe.

Oversight Committee Chair James Comer, R-Ky., is investigating allegations that Biden’s former top White House aides covered up signs of his mental and physical decline while in office, and whether any executive actions were commissioned via autopen without the president’s full knowledge. Biden allies have pushed back on those claims.

Williams is the third member of Biden’s White House inner circle to show up, though she said nothing to reporters on her way into the room late Friday morning nor during a brief lunch break in the afternoon.

She’s a longtime Biden ally whose time with the Democrat goes back to assisting then-second lady Jill Biden during the Obama administration, according to a 2019 profile of Biden staffers.

Williams later worked for both Biden’s 2020 campaign and presidential transition team. She served as his trip director before being hired to the White House as deputy director of Oval Office Operations and a special assistant to the president.

Williams ended her White House tenure as deputy assistant to the president, senior advisor to the president, and director of Strategic Outreach, according to her LinkedIn page.

Notably, the social media page also says Williams still works for the ex-leader as senior advisor in the Office of Former President Joe Biden.

Williams is a graduate of Georgetown University, and received a doctorate of Law from the University of Pennsylvania. She also got a Master’s degree in political management from George Washington University.

She was subpoenaed by the House Oversight Committee last year in Republicans’ investigation into Biden’s cognitive health, but GOP investigators say the White House blocked her from giving any information.

‘The Biden White House obstructed the Committee’s investigation and refused to make the aides available for depositions or interviews,’ the committee said in a press release this year.

Williams’ Friday appearance was not forced under subpoena, however. She appeared voluntarily for her closed-door transcribed interview.

The Trump White House waived executive privilege for Williams along with several other former Biden aides last month.


This post appeared first on FOX NEWS

Progressive firebrand Rep. Jasmine Crockett, D-Texas, made a second surprise appearance at the House Oversight Committee’s closed-door discussions with former Biden administration aides this week, once again criticizing President Donald Trump on the way out.

Crockett surprised reporters when she arrived roughly 15 minutes after House investigators’ transcribed interview with former White House advisor Ashley Williams began, declining to speak on the way in.

The Texas Democrat emerged just over 30 minutes later, saying little about what went on inside but telling reporters she still had ‘absolutely’ no concerns about Biden’s mental fitness while in office.

She said it was important to ‘be there physically’ for Biden allies being interviewed in the GOP probe – even going as far as suggesting the Trump administration created a threatening environment for members of Congress and its own political opponents.

‘It is important…in my mind, to be there for these witnesses. Unfortunately, we know what happens when this regime gets going. We know about the threats that come upon them, that come upon us as members of Congress,’ Crockett said.

‘I think it is important to stand there in solidarity and to at least be there physically so that they don’t feel like they’re alone as they are enduring egregious attacks consistently from this administration.’

Crockett was the only lawmaker seen going in or out of Williams’ meeting with investigators on Friday. The transcribed interview was expected to be staff-led, and lawmakers were not required to attend.

‘Right now, the Republicans continue to act as if this is a main priority. Yet none of them are showing up,’ she said.

‘I do think that it is important that I show up because if they are going to make allegations about the former commander-in-chief, egregious allegations they continue to wage. I want to make sure that I’m in the room to correct the record, because a lot of times they like to mischaracterize things.’

When asked by Fox News Digital if the interview was still ongoing as she exited, however, Crockett answered, ‘It’s still going. I’m leaving early. I’ve got to get to another thing.’

A source familiar with the ongoing proceeding told Fox News Digital that Crockett came in during Republican investigators’ round of questioning and so was unable to make inquiries herself. Fox News Digital reached out to Crockett for a response.

Williams was the former Director of Strategic Outreach under the Biden administration. She did not speak to reporters on the way into her transcribed interview.

Crockett initially caught reporters and potentially even staff off guard when she arrived for the closed-door deposition of Biden’s former White House physician, Dr. Kevin O’Connor.

House Oversight Committee Chairman James Comer, R-Ky., was there as well, as is the norm for sworn depositions.

Williams, unlike O’Connor, is not on Capitol Hill under subpoena.

During her Wednesday appearance, Crockett declared she never had any concerns about Biden’s mental state while he was president, though she did raise similar claims about Trump.

White House spokesman Harrison Fields told Fox News Digital in response to Crockett questioning Trump’s mental acuity: ‘The Democrats’ rising star has done more to cement the party’s demise than the President she breathlessly supported, the decrepit and feeble Joe Biden. Jasmine continues to prove she’d be better suited as a reality TV star on VH1 than an elected official on Capitol Hill.’

Comer is investigating accusations that Biden’s former top White House aides covered up signs of his mental and physical decline while in office, and whether any executive actions were commissioned via autopen without the president’s full knowledge. Biden allies have pushed back on those claims.


This post appeared first on FOX NEWS

If you’re serious about trading or investing, establishing a weekly market routine is a must. But where do you begin?  

In this eye-opening video, Grayson Roze, Chief Strategist at StockCharts, shares the method he uses every week to stay aligned with the market’s biggest drivers — the top 25 stocks by market cap

Learn how to build a customized ChartList of these stocks, sort the stocks by market cap, and different ways to review them to spot long-term trends or reversals.

Whether you’re new to charting or a seasoned technician, this routine could transform how you view the market. 

This video originally premiered on July 11, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

You can view previously recorded videos from Grayson at this link.

Up to this point, the S&P 500 ($SPX) has now stayed above the 6,200-mark for eight straight days. The upside follow-through has been limited, but the drawdown has also been shallow. The onus continues to be on the bears to do something with the stretched state. We discuss this in terms of the CappThesis Market Strength Indicator below.

What Is the Market Strength Indicator (MSI)?

When the market makes strong moves, like they have recently, I like to review our Market Strength Indicator (MSI).  This isn’t some secret, proprietary formula. It’s a simple blend of trend, oscillator indicators, and patterns, factors that we base our market stance upon.

And surprise, surprise, the MSI is as bullish as can be with the SPX at new highs and up 30% in three months.

  1. The S&P 500 is trading above each moving average, and each moving average is sloping higher.
  2. The 14-day Relative Strength Index (RSI) and Williams %R are both overbought. We use both of these since it takes a considerable up move to get the RSI to overbought territory. And while the Williams %R swings to extremes much more easily, it can only stay overbought if the market continues to tick higher with minimal drawdowns. Clearly, all of this has been happening.
  3. And, of course, two big pattern breakouts remain in play. Two weeks ago, the MSI was even more extreme when we had four patterns in play at the same time.

Here are each of those indicators together on one chart. (We don’t show the patterns here since it would be way too much to display all at once – and that would be an offensive chart crime.)

The clear next question:

Now what?

Market Strength Indicator Now vs. April 7, 2025

First, the obvious. The MSI was completely depressed on April 7 after two months of intense selling and extreme volatility.

Interestingly, though, after that last massive downside gap on April 7, the final bearish pattern target was hit. That set the stage for a bottoming process to potentially begin.

With the pendulum now having completely swung from historically oversold to now extended, does a very bullish MSI suggest the upswing is unsustainable?  

Bulls and bears agree on one thing these days: The pace of the last three months can’t continue, and at any time, a pullback greater than the 3.5% drop from mid-May is going to happen. It’s just a matter of when. 

Now let’s look at the recent times when the MSI got to extreme levels like now.

Market Strength Indicator Now vs. 2023–24

The results are crystal clear. “Extreme” MSI readings are the result of strong technicals, which occur in uptrends. And uptrends tend to last longer than many think is possible or probable.

From this perspective, only once did a correction begin right after a high MSI reading – in July’24. At the time, though, only one bullish pattern was in play (the one with the long-term 6,100 target that was triggered way back in Jan’24). 

Now, of course, we have two live bullish formations, and for the uptrend to persist without a major market disturbance, we’ll need to see the next bout of profit-taking morph into the next set of short-term bullish formations.

Live Patterns

Our two live patterns remain – targets of 6,555 and 6,745, which could be with us for a while going forward. For those to eventually be achieved, though, new, smaller versions will need to be constructed.



Live Patterns

Our two live patterns remain – targets of 6,555 and 6,745, which could be with us for a while going forward. For those to eventually be achieved, though, new, smaller versions will need to be constructed.