Latest news with #bears
Yahoo
2 days ago
- Business
- Yahoo
The dollar could be set up for a nice bounce soon, these charts show
The U.S. dollar has been in virtual free fall since the start of the year — but there are some technical signs that momentum may be swinging to the positive side, suggesting that a short-term bottom may have been seen. The ICE U.S. Dollar Index DXY, which tracks the value of the buck against a basket of currencies of the U.S.'s largest trading partners, rose 0.6% on Tuesday. Just three days earlier, the dollar index had closed at the lowest price since March 2022, after sinking 9.7% year to date. Israel-Iran clash delivers a fresh shock to investors. History suggests this is the move to make. 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? 'I'm at my wit's end': My niece paid off her husband's credit card, but fell behind on her taxes. How can I help her? I'm 75 and have a reverse mortgage. Should I pay it off with my $200K savings — and live off Social Security instead? 20 companies in the S&P 500 whose investors have gained the greatest rewards from stock buybacks This year's downtrend appears on the surface to be firmly in place, as each low is lower than the previous low, and the top of each bounce is below the previous bounce's peak. But beneath the surface, it appears that bears have lost some control and bulls are getting ready to pounce. While the dollar index's low last week was below the April low, the index's relative-strength index, a widely followed indicator of underlying momentum, has been rising off a low last week that was well above the April low. This pattern of falling prices and rising momentum is referred to by chart watchers as bullish technical divergence, because the divergence is often resolved in the RSI's direction. A similar pattern had appeared in September 2024, and that divergence was resolved with a big dollar rally. And like last year, the RSI's recent higher high and higher low followed a drop below the 30 level into oversold territory, which occurs when a selloff extends well beyond its historical norms. There are other reasons to believe a bounce is coming. As MarketWatch's Steve Goldstein wrote Tuesday, investor sentiment has reached a bearish extreme, the likes of which haven't been seen in 20 years. Also, the RSI's recovery has come as the yield on the 10-year Treasury note BX:TMUBMUSD10Y has been rising over the past couple months. The correlation between the dollar and 10-year Treasury yields is typically very high, as higher rates tend to make the dollar more attractive. Over the past five years, the correlation has been 0.86, according to a MarketWatch analysis of FactSet data — wherein a correlation of 1.00 means they move exactly in sync, and one of 0.00 means they are inversely correlated. But so far this year, the correlation has backed off to just 0.42, and even a slight reversion to the mean could provide some support for a dollar bounce. It wouldn't take much to turn the tide, at least for the short term, as the dollar index sits less than 0.3% away from a downtrend line that started at the Feb. 28 high and connected the May high. If that line breaks, a key potential resistance area to watch would be around the March high just below 102. If the dollar index can get above the May 12 close of 101.79, that would break the pattern of lower highs. On the downside, a break below the June 12 close of 97.92, if coupled with a turn lower in RSI, would put the bounce scenario in doubt. Israel-Iran conflict poses three challenges for stocks that could slam market by up to 20%, warns RBC These defense stocks offer the best growth prospects, as the Israel-Iran conflict fuels new interest in the sector 'I'm 68 and my 401(k) has dwindled to $82,000': My husband committed financial infidelity and has $50,000 in credit-card debt. What now? My mother-in-law, 95, has $400K in stocks. Would it be smarter taxwise to gift it to her kids — or leave it to them in her will? 'He failed in his fiduciary duty': My brother liquidated our mother's 401(k) for her nursing home. He claimed the rest. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
SUI Reverses After Wild Swings; Trading Volume Spikes 11% Above 30-Day Average
SUI SUI experienced a turbulent 24-hour trading window marked by sharp intraday swings and heavier-than-usual trading activity. After initially plunging to $2.71, the token mounted a brief rally toward $2.92 before encountering strong resistance near $2.82, according to CoinDesk Research's technical analysis model. That zone capped the recovery, triggering a swift reversal that dragged prices back toward the $2.78–$2.79 area. What made the move more notable was the accompanying surge in 24-hour trading volume, which spiked 11% above the 30-day average. That level of participation amplified the volatility, with fast-moving price swings exposing both bulls and bears to whiplash moves. The rejection from $2.82 and failed attempts to retake that level set the stage for more cautious trading in the near term, the model showed. Support around the $2.72–$2.75 region proved durable, with price bouncing off that range multiple times. As volume cools and consolidation tightens, SUI may enter a waiting period as traders reassess short-term direction following the failed breakout and unusually active session. Technical Analysis Highlights SUI traded in a 7.3% range between $2.919 and $2.710 during the 24-hour window. Heavy selling struck at 08:00 as the price dropped 9.1% from $2.878 to $2.765. A bounce attempt around 18:00 sent SUI up 1.5% to $2.824 on volume of 1.4M. The rally was immediately reversed, with the price falling to $2.784 and confirming resistance near $2.82. Support held near $2.72–$2.75 despite multiple tests and consolidation throughout the session. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
13-06-2025
- General
- BBC News
Bears rescued in Armenia 'recovering' after dental operations
Two bears an East Sussex-based charity saved from "filthy" cages have undergone dental Animal Rescue (IAR), headquartered in Uckfield, sent its dental team to Armenia to rescued Syrian brown bears Aram and charity and an Armenian non-profit, the Foundation for the Preservation of Wildlife and Cultural Assets (FPWC), rescued Aram and two other bears in March, shortly after rescuing and Noah had broken, decaying teeth and infected gums after "years spent gnawing on iron bars in sheer desperation", according to IAR. Both bears are "recovering well" from their operations and eating, the charity added. In addition to having two molars removed, 240kg Aram had root canal treatment on a canine tooth in the four hours the bear's surgery found Noah had a rotten incisor and a fracture running the entire length of a canine, which had allowed an infection to spread to the younger bear's removed two teeth during Noah's four-hour president Alan Knight said it is "heart-breaking to imagine the pain" Noah was living in. Cambridge veterinary dentist Gerhard Putter and IAR trustee Paul Cassar, from Chichester, led the surgeries at FPWC's wildlife rescue Putter said the operations will allow Noah and Aram to "eat properly again and significantly improve their quality of life"."These bears had spent many years breaking their teeth by biting cage bars and suffering from poor nutrition," he added. Mr Knight said the team "did an extraordinary job" and he was "proud of what they've achieved for these beautiful bears"."This isn't the first time we've carried out dental surgery on a bear in Armenia and sadly it won't be the last," he was rescued with partner Nairi and daughter Lola, following a public tip-off to FPWC, after being "confined to filthy cages and denied even the most basic care" at a residence in Yerevan, IAR said in charity added Noah had "endured long confinement in darkness" when he was found.
Yahoo
07-06-2025
- General
- Yahoo
Black bear spotted at North Texas gas station
The Brief A black bear was recently spotted at a Savoy gas station. Texas Parks and Wildlife notes young bears often wander this time of year and advises the public to stay calm, keep distance, and not feed them. Report any black bear sightings to Texas Parks and Wildlife or a Texas Game Warden. SAVOY, Texas - A black bear has been spotted in Fannin County, Texas Parks and Wildlife officials confirm. What we know Video from a gas station in Savoy, about 70 miles north of Dallas, shows the bear running towards the gas pumps and then taking off in the other direction. Texas Parks and Wildlife Department biologists confirmed the sighting. They say that this time of year, young bears leave their mothers and may end up in unusual places. What You Should Do Black bears are normally not aggressive, but can be. TPWD says that if you see a black bear you should remain calm and stay far away. They also ask that you should not run away from the bear or try to feed it. Bears will usually move on from an area if they are given space. TWPD asks anyone who spots a black bear to report it to their department or the Texas Game Warden. The Source Information in this article comes from the Texas Wildlife and Parks Department.
Wall Street Journal
06-06-2025
- Business
- Wall Street Journal
Tesla Short Sellers Just Minted Billions
Tesla bears racked up $4 billion in mark-to-market profits on short positions Thursday in one of their biggest single day gains ever, according to estimates from data provider S3 Partners. Traders have made outsized bets against Tesla for years, and they've mostly been burned for it. This year has been better: Investors have made $7 billion betting against Tesla year-to-date, a roughly 30% return. Elon Musk's company is currently the second most shorted stock in the U.S. by total value of the position, with around $27.7 billion of shares sold short, according to S3. Short sellers borrow shares of a company and then sell them, hoping to buy them back for less later and pocket the difference.
