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Look out, Caitlin Clark. JuJu Watkins is coming for your records

INDIANAPOLIS — JuJu Watkins has Caitlin Clark beat.

For now.

With 29 points in the Big Ten tournament title game Sunday, Watkins has already scored 1,684 points. That surpasses the 1,662 points Clark scored in her first two seasons at Iowa.

That Watkins is ahead of Clark right now isn’t a surprise. Watkins set the NCAA freshman scoring record last year, with 920 points, and has already played 65 games compared with the 62 Clark played as a freshman and sophomore.

Clark’s scoring rate didn’t really take off until her third season, either. She scored 1,055 points as a junior and 1,234 points as a senior, when she became the all-time scoring leader in major college basketball. Iowa also reached the national title game in each of Clark’s last two years, giving her additional opportunities to add to her points total.

Still, that Watkins is scoring at this fast a clip is impressive. Even Clark has been impressed, singling Watkins out after USC played at Iowa last month in the game where Clark’s jersey was retired.

‘JuJu, you’re awesome,” Clark said then. “It was fun to be here and watch you play.”

Watkins said then she doesn’t give much thought to scoring records. Keep piling up the points as she has, however, and she won’t have a choice. The entire country was fixated on Clark’s pursuit of Pete Maravich’s record, and there’ll be a similar spotlight if Watkins gets close to Clark.

This post appeared first on USA TODAY

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Lakers preparing to be without LeBron James for up to two weeks

Los Angeles Lakers superstar LeBron James could miss as many as two weeks with a strained left groin, according to a person with knowledge of the situation.

The person spoke on condition of anonymity because they were not authorized to speak until the team made an announcement.

‘I’ve been there before, and I know what type of injury you’re dealing with,’ James told reporters.

In 2018, James tore his groin and missed about a month – 17 games total. ‘No, it’s not as bad as that,’ James said.

The Lakers are 40-22 and in third place in the Western Conference, a ½ game behind the second-place Denver Nuggets (41-22), 1½ games ahead of the fourth-place Memphis Grizzlies and two games ahead of the fifth-place Houston Rockets.

What does LeBron James’ injury mean for Lakers?

This is a tough injury for James and the Lakers at this point in the season – the Lakers have 20 games remaining and are battling for the No. 2 seed. They have played well the past two months, going 20-5 and moving up from seventh place since Jan. 14.

The injury also interrupts the Lakers’ attempt to develop more chemistry with Luka Doncic, who the Lakers acquired from the Dallas Mavericks just before the trade deadline. James and Doncic (34 points, eight rebounds against Boston) have played well together. Doncic has played well for the Lakers but there is room for him to play better, especially with his shot. The Lakers will rely even more on Doncic with James sidelined.

Who will get more playing time with LeBron James out?

The Lakers were also without Rui Hachimura (left knee injury) and Jaxson Hayes (bruised right knee) against the Celtics. Rookie Dalton Knecht and Gabe Vincent will get more minutes, and the Lakers will try to get more scoring from Dorian Finney-Smith. Hachimura is out at least another week, and he had played well alongside Doncic.

What is rest of Lakers schedule?

The Lakers have the sixth-toughest remaining schedule, according to tankathon.com. They play Oklahoma City twice, Denver twice, Milwaukee twice, Houston twice and Memphis and Golden State once each.

This post appeared first on USA TODAY

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BHP to Spend up to A$40M to Explore for Tier 1 Copper-Silver Deposits on CBE Tenements in Botswana

Cobre Limited (ASX: CBE, Cobre or Company) is pleased to announce that CBE, and certain wholly owned subsidiaries (also Cobre), have executed an Earn-In Agreement (Transaction) with a wholly owned subsidiary of BHP Group Ltd (BHP) under which BHP will provide up to US$25 million (~A$40m) for exploration expenditure for Cobre’s Kitlanya East and Kitlanya West Copper Projects (Kitlanya Projects) and be granted the right to earn a 75% interest in the Kitlanya Projects, located on the northern and southern basin margins respectively of the Kalahari Copper Belt (KCB) in Botswana. The Transaction is a result of Cobre’s successful participation in the 2024 BHP Xplor program which also provided funding for the recently completed seismic survey on the Kitlanya West Project (see ASX announcement 22 August 2024).

Highlights

  • The Transaction comprises the following key funding terms (detailed in Schedule 1):
    • A minimum of US$5 million of committed funding to be paid to Cobre within 2 years of the commencement date with a planned budget of US$7m (A$11m) for exploration expenditure for the Kitlanya Projects starting in April 2025; and
    • BHP can earn a 75% interest in the Kitlanya Projects by funding US$25 million (inclusive of the initial US$5 million) for exploration expenditure for the Kitlanya Projects.
  • Cobre Botswana will be appointed operator during the earn-in phase and will be entitled to a management fee of no less than US$250,000 per annum.
  • Upon commencement of the 75:25 joint venture, BHP may provide a loan to Cobre to fund Cobre’s portion of joint venture expenditure up until the final investment decision.
  • An additional payment of up to US$10 million, calculated at $5/tonne contained copper, is payable to Cobre upon the declaration of a maiden JORC Compliant Mineral Resource (JORC) at the Kitlanya Projects.
  • If the Transaction is terminated during the Earn-In Phase and BHP has funded at least US$20 million for exploration expenditure, BHP will be entitled to a 2.0% net smelter royalty in respect of the Kitlanya Projects. Cobre may, in certain circumstances, buy back 50% of this royalty for an amount equal to the aggregate of exploration expenditure funded by BHP at the time of electing to exercise the buy-back.
  • The Transaction does not cover Cobre’s flagship Ngami and Okavango Copper Projects which Cobre will continue to operate and advance independently.

The Transaction underscores Cobre’s confidence in the potential for its projects to host Tier 1 copper- silver deposits. A partnership with BHP provides the exploration funding, scale and expertise to maximise Cobre’s chances of making significant new discoveries on our basin margin exploration ground while retaining 100% ownership of its Ngami and Okavango Copper Projects.

The planned work programme for the initial US$7m includes several deep (~1km) diamond holes combined with active 2D seismic survey designed to assess key components of the Mineral System required for Tier 1 copper deposit formation. Mobilisation for the first phase of drilling, which will test targets identified in the 2024 seismic programme at Kitlanya West, is scheduled for April 2025.

Tim O’Connor, BHP Group Exploration Officer said:

‘We are thrilled to continue our partnership with one of the BHP Xplor alumni, Cobre Limited, through this agreement. This collaboration reflects our excitement for the exploration potential in Botswana and underscores the high standard of partnerships we see coming out of the BHP Xplor program. The Kitlanya Projects in Botswana represent an exciting opportunity to uncover Tier 1 copper-silver deposits, and we are pleased to contribute our expertise and resources to this venture.”

Commenting on the Transaction, Adam Wooldridge, Cobre’s Chief Executive Officer, said:

“This significant transaction with BHP, one of the world’s leading mining companies, is a major moment in time for Cobre as a company as well as a testament to the success of BHP’s Xplor programme. The partnership with BHP will provide us with the funding and support necessary to implement a technology-driven work programme designed to discover the Tier 1 deposits we believe may be hosted in our Kitlanya East and West Projects.

Independently, Cobre will continue advancing its Ngami and Okavango copper Projects.This combined strategy provides exposure to potential Tier 1 discoveries, a development opportunity at Ngami and short-term discoveries on our Okavango project.”

Commenting on the transaction, Martin Holland Chairman of the Cobre board, said:

“First and foremost, I would like to extend my gratitude to BHP for their exceptional efforts in the 2024 BHP Xplor program, which aims to foster bold thinking and elevate global exploration to new heights.

I would also like to thank the Cobre Board and team, especially our CEO Adam Wooldridge and Technical Lead Thomas Krebs, for their tireless dedication throughout the year-and-a-half-long process that has led us to this point and for their efforts in successfully finalising this transaction with BHP.”

Geology, Mineralisation and Exploration Target

Mineralisation in the KCB is sediment-hosted and structurally controlled, with copper-silver mineralisation most frequently hosted along the redox contact between the basal units of the reduced marine sedimentary rocks of the D’Kar Formation and oxidised clastic sedimentary red bed units of the Kuke and Ngwako Pan Formations and the underlying volcanosedimentary Kgwebe Formation. Of particular interest for Tier 1 deposits are the tight, upright folds which offer ideal trap-sites for upgrading of copper-silver mineralisation and formation of large deposits. These folds are typically bounded by district-scale shears (often with evidence of copper anomalism) which would provide the necessary plumbing architecture for movement of copper-rich fluids during basin formation and subsequent closure and deformation. A schematic illustration of the preserved fold hinge model is illustrated in Figure 2. The upcoming exploration programme will focus on testing these buried anticline hinge zones along with assessing primary basin architecture, source rocks, fluid pathways and trap-site mechanisms.

Click here for the full ASX Release

This post appeared first on investingnews.com

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Eclipse Metals and Boss Energy Sign Binding Option & Earn-In Agreement for Liverpool Uranium Project

Eclipse Metals Ltd (ASX: EPM) (Eclipse Metals or the Company) is pleased to announce the execution of a binding option and earn-in agreement with Boss Energy Limited (ASX: BOE) (Boss). Through the agreement, Eclipse and its wholly owned subsidiary North Minerals Pty Ltd have granted Boss Energy the option to earn up to an 80% interest the Liverpool Uranium Project, located in the highly prospective Alligator Rivers Uranium Field of West Arnhem Land, Northern Territory (the Project).This strategic alliance seeks to unlock the significant potential of the Project through a structured investment and exploration program.

Highlights

  • Eclipse Metals and Boss Energy enter into a binding option and earn-in agreement to advance exploration at the Liverpool Uranium Project (the Project)
  • Boss Energy is committing $250,000 to exploration during the 12-month option period
  • Following the exercise of the option:
    • Boss Energy has the right to earn up to an 80% interest in the Project by providing up to $8 million in exploration funding – divided into two stages – over a 7-year period; and
    • As part of the staged earn-in, Boss Energy must spend a minimum of $ 1.5 million on exploration before it is able to withdraw from the agreement.
  • Upon earning an initial 49% interest in the Project, Boss Energy will have the option to earn up to an 80% interest in the Project.
  • Boss Energy and Eclipse Metals will form an unincorporated joint venture (JV) to explore and develop the Project
  • Upon successful earn-in, Boss Energy will have the option to purchase an additional 10% interest from Eclipse, bringing its total interest in the Project to 90%, for $50 million.

A summary of the material terms and conditions of the binding option and earn-in agreement is set out in Annexure A.

Commenting on the Company’s strategic alliance with Boss Energy, Eclipse Metals Executive Chairman Carl Popal said:

“Partnering with Boss Energy is a key milestone for Eclipse Metals and the advancement of the Liverpool Uranium Project.

“Boss Energy as a uranium producer will accelerate our exploration efforts, bringing us closer to unlocking the full potential of this highly prospective region.

“This strategic alliance allows Eclipse to enhance shareholder value in this long-held asset while sharpening our focus on critical mineral opportunities. Our key projects in Greenland, with their rich rare earth and industrial mineral potential, and other Australian assets remain central to our mission of contributing to the global critical minerals supply chain.”

ABOUT THE LIVERPOOL URANIUM PROJECT

The Liverpool Uranium Project comprises five exploration licences – EL27584, ELA31065, ELA31770, ELA31771, and ELA31772 – covering 1,229 square kilometers. Notably, the Devil’s Elbow prospect within EL27584 has yielded high-grade surface uranium assays, including results up to 5.8% U₃O₈, as well as significant gold and palladium mineralisation (EPM announcement 20 April 2020).

The Company’s previous exploration programs focused on the area around the Devil’s Elbow, Terrace and Ferricrete uranium prospects, concentrating on high-priority areas defined by historical geochemical and radiometric anomalies within EL27584 and relatively unexplored ground south of the Ranger Fault.

The Devil’s Elbow prospects show strong similarities to the Jabiluka uranium and gold mine, which was discovered in 1971. Jabiluka is located 20km to the north of the Ranger Uranium Mine and about 75km west of the Devil’s Elbow. At Jabiluka, uranium and gold mineralisation occurs in an altered section of the Cahill Formation, near reverse faulting structures that are like those at the Devil’s Elbow prospect.

STRATEGIC SIGNIFICANCE

This strategic alliance combines Eclipse’s deep knowledge of the Project with Boss Energy’s proven expertise in uranium exploration and production. The Alligator Rivers Uranium Field is renowned for its high-grade deposits, positioning both companies to capitalise on the region’s significant potential.

Boss Energy intends to begin exploration activities on the Project during the 12-month option period, which will include mineral prospectivity mapping, target generation and validation of targets.

This strategic alliance underscores Eclipse’s commitment to expanding its diverse portfolio of mineral projects, while aiming to create shareholder value, and contribute to the global supply of critical minerals.

Click here for the full ASX Release

This post appeared first on investingnews.com

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Ramp Metals Announces Receipt of Exploration Drill Permits

Ramp Metals Inc. (TSXV: RAMP) (‘Ramp Metals’ or the ‘Company’) is pleased to announce that the Company has received the necessary permits from the Saskatchewan Ministry of Environment to commence exploration drilling at its flagship Rottenstone SW property.

The Company plans to drill three unique mineralized targets on the property (Figure 1), focusing on the gold discovery of 73.55 g/t Au over 7.5m that was identified in drillhole Ranger-01. The Ramp Metals team will be mobilizing to the property on March 12, 2025.

Figure 1: Area of Focus for the upcoming drill program.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8725/243887_db95e308549ebb0c_001full.jpg

‘These permits are a major milestone for the Company,’ commented Jordan Black, CEO of Ramp Metals. ‘The permits will allow us to follow up on our world-class gold intercept which will help us determine the true potential of this entirely new gold district. I would also like to thank the Lac La Ronge Indian Band and local community for their continued support of this project.’

About Ramp Metals Inc.

Ramp Metals is a grassroots exploration company with a focus on a potential new Saskatchewan gold district. The Company currently has a new high-grade gold discovery of 73.55 g/t Au over 7.5m at its flagship Rottenstone SW property. The Rottenstone SW property comprises 32,715 hectares and is situated in the Rottenstone Domain.

Neither 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 release.

FORWARD-LOOKING STATEMENTS

This news release contains ‘forward-looking statements’ within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or may contain statements that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘will continue’, ‘will occur’ or ‘will be achieved’. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company’s exploration activities.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: requirements for additional capital; future prices of minerals; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; and currency fluctuations.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

For further information, please contact:

Ramp Metals Inc.

Jordan Black
Chief Executive Officer
jordaneblack@rampmetals.com

Prit Singh
Director
905 510 7636

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243887

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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Silver47 Commences Trading on OTC Markets Under the Ticker Symbol OTCQB: AAGAF

Silver47 Exploration Corp. (TSXV: AGA) (‘Silver47’ or the ‘Company’) is pleased to announce that, effective March 10, 2025, its shares will commence trading on the OTCQB Venture Market under the ticker symbol AAGAF. This milestone marks a key step in the Company’s growth strategy and enhances its visibility to U.S. investors.

The quotation on the OTCQB® is a significant development for Silver47, as it broadens the Company’s investor base and increases access to the U.S. market. With a focus on precious and base metals exploration, at its flagship Red Mountain Project in Alaska, the quotation will facilitate Silver47’s continued growth and further support its upcoming exploration and development activities.

Gary R. Thompson, CEO of Silver47, commented, ‘Trading on the OTCQB® offers greater access for U.S.-based investors, making it easier for them to participate in the growth of Silver47. This listing is an important milestone as we strengthen our presence in the U.S. market, attract new capital, and continue advancing our project in Alaska.‘

The quotation on the OTCQB will provide U.S. investors with easier access to the Company’s shares, real-time trading information, and up-to-date financial disclosures. This move aligns with Silver47’s long-term strategy to expand its market presence and attract investment capital from the U.S. to support its exploration initiatives.

About Silver47 Exploration Corp.

Silver47 wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US: the Flagship Red Mountain silver-gold-zinc-copper-lead-antimony-gallium VMS-SEDEX project in southcentral Alaska; the Adams Plateau silver-zinc-copper-gold-lead SEDEX-VMS project in southern British Columbia, and the Michelle silver-lead-zinc-gallium-antimony MVT-SEDEX Project in Yukon Territory. Silver47 Exploration Corp. shares trade on the TSX-V under the ticker symbol AGA. For more information about Silver47, please visit our website at www.silver47.ca.

Follow us on social media for the latest updates:

    On Behalf of the Board of Directors

    Mr. Gary R. Thompson
    Director and CEO
    gthompson@silver47.ca

    For investor relations
    Meredith Eades
    info@silver47.ca
    778.835.2547

    No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    FORWARD-LOOKING STATEMENTS

    This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘upon’ ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. Forward-looking statements and information include, but are not limited to: expected benefits from the OTC quotation and first trading date. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability to close the Offering, including the time and sizing thereof, the insider participation in the Offering and receipt of required regulatory approvals; the use of proceeds not being as anticipated; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company’s financial statements and the accompanying management’s discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.

    No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243882

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

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    My Downside Target for the S&P 500

    Things heated up this week on , featuring interviews with Kristina Hooper of Invesco, Keith Fitz-Gerald of The Fitz-Gerald Group, and Jordan Kimmel of Magnet Investing Insights!

    Now that 5850 has been clearly violated to the downside, though, it’s all about the 200-day moving average, which both the S&P 500 and Nasdaq 100 tested this week. Friday’s rally kept the SPX just above its 200-day moving average, which means next week we’ll be looking for a potential break below this important trend-following mechanism.

    Fibonacci Retracements Suggests Downside to 5500

    But what if we apply a Fibonacci framework to the last big upswing during the previous bull phase? Using the August 2024 low and December 2024 high, that results in a 38.2% retracement level at 5722, almost precisely at the 200-day moving average. So now we have a “confluence of support” right at this week’s price range.

    If next week sees the S&P 500 push below the 5700 level, that would mean a violation of moving average and Fibonacci support, and suggest much further downside potential for the equity benchmarks.  Using that same Fibonacci framework, I’m looking at the 61.8% retracement level around 5500 as a reasonable downside target.  With the limited pullbacks over the last two years, most finding support no more than 10% below the previous high, a breakdown of this magnitude would feel like a true bear market rotation for many investors.

    Supporting Evidence from Newer Dow Theory

    So, despite rotating to more defensive positioning in anticipation of a breakdown, what other tools and techniques can we use to validate a new bear phase in the days and weeks to come? An updated version of Charles Dow’s foundational work, what I call “Newer Dow Theory”, could serve as a confirmation of a negative outcome for stocks.

    Charles Dow used the Dow Industrials and Dow Railroads to define the trends for the two main pillars of the US economy, the producers of goods and the distributors of goods. For our modern service-oriented economy, I like to use the equal-weighted S&P 500 to represent the “old economy” stocks and the equal-weighted Nasdaq 100 to gauge the “new economy” names.

    We can see a clear bearish non-confirmation last month, with the QQQE breaking to a new 52-week high while the RSP failed to do so. This often occurs toward the end of a bullish phase, and can represent an exhaustion point for buyers. Now we see both ETFs testing their swing lows from January. If both of these prices break to a new 2025 low in the weeks to come, that would generate a confirmed bearish signal from Newer Dow Theory, and imply that the bearish targets outlined above are most likely to be reached.

    Many investors are treating this recent drawdown as yet another garden variety pullback within a bull market phase. And while we would be as happy as ever to declare a full recovery for the S&P 500, its failure to hold the 200-day moving average next week could be a nail in the coffin for the great bull market of 2024.

    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

    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.

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    Did Friday’s Reversal Mark A Major Bottom?

    The next step in the stock market will be very interesting. I’ve been discussing a potential Q1 correction since our MarketVision event the first week of January and it’s here. The NASDAQ 100 ($NDX), from its high on February 19th (22222.61) to its low on Friday (19736.81), fell 11.19% before rallying Friday. The NASDAQ 100’s correction has been reached. The small cap Russell 2000 ETF (IWM) hit a high of 244.25 on November 25th. Its low Friday was 201.73. That’s a 17.41% tumble, which is approaching bear market territory.

    S&P 500 – Head & Shoulders Pattern?

    So what about the benchmark S&P 500? Well, there’s plenty to consider, but I’ll give you my thoughts on what could happen here:

    Looking at the above chart, here are several thoughts I have:

    • The July price high should provide at least short-term support and it did on Friday as we saw a rally as soon as the S&P 500 touched this prior high/current support.
    • Volume has accelerated on this most recent selling.
    • We have potentially formed a down-sloping neckline in a topping head & shoulders pattern.
    • Price momentum (PPO) is as weak as it was in early August.
    • RSI has broken 40 support, which is usually a key in remaining in an uptrend.
    • Selling thus far has taken the S&P 500 down 7.83% at Friday’s low, a bit shy of a 10% correction.
    • If we bounce into a potential right shoulder, it’ll be important to see how money rotates; if the current downtrend remains in play, then I doubt we’ll see the S&P 500 clear 5900 on a bounce, especially if leadership on that bounce is poor.
    • A VERY EARLY head & shoulders projection would suggest a possible move on the S&P 500 to 5225 or so.

    Fundamental news the next two weeks, along with the market’s reaction and rotation, will likely determine our path over the next month or so. Here are the critical economic releases/events to put on your calendar:

    • Consumer Price Index (CPI) – Wednesday, March 12th, 8:30am ET
    • Producer Price Index (PPI) – Thursday, March 13th, 8:30am ET
    • Fed (FOMC) Meeting – Tuesday, March 18th – Wednesday, March 19th (policy statement at 2:00pm ET)

    Listen, this recent selloff has been widely expected, if you follow market rotation and sentiment, and keep a healthy dose of perspective handy. Everyone likes to use fundamental arguments and their perception of the market environment to call bear markets……nearly every year. Few pay attention when the warning signs are out there, but everyone becomes an expert after the market begins to tumble.

    I absolutely remain long-term bullish and believe that, once the current bearish phase ends, the S&P 500 will rally back to all-time highs. We may have to endure further pain first though. I doubt we’ve seen the ultimate 2025 bottom. We’ll need some very good news on CPI, PPI, and from the Fed meeting. I’d give that a 20-25% chance at this point.

    Sentiment

    For awhile, the 5-day SMA of the equity only put call ratio suggested that traders had grown way too bullish in the near-term and this is a contrarian indicator, meaning that the stock market usually moves opposite of sentiment, especially if the bullish or bearish sentiment extends too long. Take a look at the CPCE 5-day SMA over the past year:

    I use the .55 level as the level at which options traders are growing too bullish and it signals a potential short-term top. On the above 1-year chart, you can see how effective 5-day SMA readings were in marking multiple short-term tops (red-dotted vertical lines). However, over the past 4-5 months, the 5-day SMA reading nearly lived at .55 or below (big red circle). That’s an extended period of bullishness and you can see that the S&P 500 really struggled to print higher highs (black curved line), despite all of the optimism and bullishness among options traders.

    The 5-day SMA of the CPCE at .75 also has a tendency to suggest a short-term market bottom as options traders grow overly pessimistic. Look at where we are now. Despite a near bear market in small caps, a correction on the NDX, and a near-correction on the S&P 500, the 5-day SMA of the CPCE remains WELL BELOW .75 and even fell last week! This simply suggests that optimism remains and that could lead to further selling in the weeks ahead.

    It’s EB Education Week!

    Given the prior warning signs and the recent increased market volatility, we’ve encouraged members over the past couple months to be careful and that cash is absolutely a position to consider. It also is a GREAT time to think about ways to better your trading success. I know many of you have followed me over the years, so I thought it would be an awesome time to discuss much of our research and how we do things at EarningsBeats.com. So for one week only, we are going to show exactly how we put together all of our ChartLists on the StockCharts.com platform.

    These are intended to be brief “classes” this week, all starting at 5:30pm ET and lasting 45 minutes or so each. If you can’t attend any (or all) of these events live, no worries at all. We’ll record them and make sure all that register receive a copy of the recording.

    To learn more, register, and save yourself a spot, sign up here. It’s time to gear up now, during this market weakness, for a better market and rally ahead. Join us and learn to trade smarter!

    Happy trading!

    Tom

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    UFC 313 results: Pereira vs. Ankalaev fight card highlights

    Magomed Ankalaev became the 18th undisputed light heavyweight champion following his victory over Alex Pereira in the UFC 313 main event.

    Ankalaev produced a successful outing after controlling the pace and distances throughout the fight.

    He entered the fight as the No. 1 contender after winning his last two fights. The Russian improves his record to 21-1-1 (1 NC).

    The main card also featured fights between Justin Gaethje and Rafael Fiziev in a lightweight bout and Amanda Lemos taking on Iasmin Lucindo in a women’s strawweight division bout.

    USA TODAY Sports has live coverage of Saturday’s action. Follow along for news, updates and highlights.

    Pereira vs. Ankalaev highlights: Magomed Ankalaev wins

    Ankalaev became the third fighter from Dagestan to become UFC champion.

    UFC light heavyweight title fight: Magomed Ankalaev def. Alex Pereira

    Round 1: The two fighters start off slow and manage to remain on their feet through the early minutes.

    Round 2: Magomed Ankalaev was building his confidence as he landed several strikes, including one that rattled the champion right as time expired.

    Round 3: Following a round that was too tough to call, both corners continue to tell their respective fighters to keep attempting strikes.

    Round 4: Ankalaev maintained control of Pereira throughout the round but did not have the same level of explosiveness throughout the fight. The fight will go to the final round.

    Round 5: Pereira lands a jab on Ankalaev during the final two minutes but is unable to capitalize. Ankalaev holds the champion against the side of the cage and throws knee strikes at the side of Pereira’s legs. Ankalaev managed to keep Pereira on the defensive and won the light heavyweight championship by unanimous decision.

    Lightweight: Justin Gaethje def. Rafael Fiziev

    Round 1: The opening minutes of the round featured a little bit of everything with several submission attempts and strikes being made before both decided to slow things down.

    Round 2: Gaethje got the crowd excited in the final minute of the round after a right-handed uppercut rattled Fiziev and took him to the ground. He was able to deliver several more strikes before Fiziev worked his way back up on his feet.

    Round 3: Fiziev showed signs of fatigue at the end of round three as both fighters gave it everything they had to finish out the fight. Gaethje earned a unanimous decision with all three judges scoring the fight 29-28. Gaethje said during the postfight interview that his hand might be broken.

    Lightweight: Ignacio Bahamondes def. Jalin Turner

    Round 1: Bahamondes earned a submission victory against Turner just 2:29 into the first round. Turner was in the process of landing strikes on Bahamondes but the Chilean fighter managed to get his legs around his opponent to secure the triangle choke.

    Women’s strawweight: Amanda Lemos def. Iasmin Lucindo

    Round 1: Lemos and Lucindo spent part of the opening round feeling each other out before the two ended up on the ground for the second half of the period. Lemos controlled the action on the ground for over two minutes after Lucindo developed a cut under her right eye from Lemos’ elbow.

    Round 2: Lemos managed to get back on top of Lucindo to take control and throw occasional elbow strikes to the face of Lucindo. A series of boos were heard from the crowd because of the lack of action through the first two rounds.

    Round 3: Lucindo’s corner was asking for her to wake up and come out more aggressive in the final period. Lucindo delivered with an aggressive approach that included taking down Lemos and controlling the early part of the round on top of her opponent. Lemos manages to use her feet against the cage to help her get free of Lucindo’s control. Lemos quickly got on top of her opponent to ride out the closing moments of the fight and earn the unanimous decision.

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    Lightweight: Mauricio Ruffy def. King Green

    Round 1: Ruffy stunned Green with a right-handed shot before landing a spin-kick to Green’s temple that sent him bouncing back against the cage and buckling down to the mat with 2:54 remaining in the first round.

    Flyweight: Joshua Van def. Rei Tsuruya

    Joshua Van has won six of his last seven UFC fights following the unanimous decision victory over Tsuruya.

    Middleweight: Brunno Ferreira def. Armen Petrosyan

    The referee had to call for an official’s timeout twice during the fight after Petrosyan’s leg strikes landed in Ferreira’s groin area. The referee did deduct a point from Petrosyan after the second stoppage. The referee proved to be overly cautious throughout the fight, putting a brief stop to the action again in the second round.

    It was Ferreira’s strike to Petrosyan’s hip that led to the stoppage but it was clear on the replay that it wasn’t a dirty strike.

    Ferreira brought Petrosyan down to the ground shortly after and performed an armbar in the second round (4:27) to force Petrosyan to submit. Ferreira improves to 13-2 in his career. He’s knocked out nine and submitted four.

    Welterweight: Carlos Leal def. Alex Morono

    The fighters exchanged heavy strikes with Leal landing over 70% of his attempts against Morono. Leal managed to back his opponent against the cage as they exchanged strikes before the referee stepped in to call the match early.

    Featherweight: Mairon Santos def. Francis Marshall

    Santos managed to be the more efficient fighter throughout the three-round fight and earned the split-decision victory. Santos improved his win streak to four and felt he managed to win the final two rounds to secure the victory. The crowd expressed their displeasure after the decision was announced.

    UFC 313 Early Prelims results:

    • Ozzy Diaz def. Djorden Ribeiro dos Santos

    UFC 313: Time, PPV, streaming for Pereira vs. Ankalaev

    The highly anticipated matchup between Alex Pereira and Magomed Ankalaev will take place on Saturday, March 8, and can be purchased on ESPN+ PPV.

    • Date: Saturday, March 8
    • Early prelims start time: 6:30 p.m. ET
    • Stream: ESPN+, Disney+
    • Main Card Stream: ESPN+ PPV
    • Main Card start time: 10 p.m. ET
    • Location: T-Mobile Arena (Las Vegas, Nevada)

    Catch UFC action with an ESPN+ subscription

    UFC 313 prelim and main card start times

    Early prelim has been updated with a new time of 7 p.m. ET.

    • Early Prelims: 7 p.m. ET/ 4 p.m. PT (ESPN+/Disney+)
    • Prelims: 8 p.m. ET / 5 p.m. PT (ESPN News/ESPN+/Disney+)
    • Main card: 10 p.m. ET / 7 p.m. PT (PPV on ESPN+)

    UFC 313: Alex Pereira vs. Magomed Ankalaev card

    Main Card:

    • UFC light heavyweight title: Alex Pereira vs Magomed Ankalaev
    • Lightweight: Justin Gaethje vs Rafael Fiziev
    • Lightweight: Jalin Turner vs Ignacio Bahamondes
    • Women’s strawweight: Amanda Lemos vs Iasmin Lucindo
    • Lightweight: King Green vs Mauricio Ruffy

    Prelims:

    • Heavyweight: Curtis Blaydes vs Rizvan Kuniev
    • Flyweight: Joshua Van vs Rei Tsuruya
    • Middleweight: Brunno Ferreira vs Armen Petrosyan
    • Welterweight: Alex Morono vs Carlos Leal
    • Featherweight: Mairon Santos vs Francis Marshall

    Early Prelims:

    • Middleweight: Djorden Ribeiro dos Santos vs Osman Diaz
    • Featherweight: Chris Gutierrez vs John Castaneda

    UFC 313 odds

    All odds are for moneyline bets (as of Thursday), according to BetMGM.

    Main Card:

    • UFC light heavyweight title: Alex Pereira (-120) vs Magomed Ankalaev (-100)
    • Lightweight: Justin Gaethje (+130) vs Rafael Fiziev (-155)
    • Lightweight: Jalin Turner (+110) vs Ignacio Bahamondes (-135)
    • Women’s strawweight: Amanda Lemos (+120) vs Iasmin Lucindo (-145)
    • Lightweight: King Green (+390) vs Mauricio Ruffy (-525)

    Prelims:

    • Flyweight: Joshua Van (-165) vs Rei Tsuruya (+135)
    • Middleweight: Brunno Ferreira (+115) vs Armen Petrosyan (-140)
    • Welterweight: Alex Morono (+550) vs Carlos Leal (-800)

    Early Prelims:

    • Featherweight: Mairon Santos (-275) vs Francis Marshall (+210)
    • Middleweight: Djorden Ribeiro dos Santos (-210) vs Osman Diaz (+170)

    UFC 313 predictions:

    MMA Junkie: Jamahal Hill picks Ankalaev

    Staff writes regarding Jamahal Hill’s pick: “’I’m going to go with Magomed. I feel he has more tools to win,’ Hill said. ‘Obviously Alex has that one hit wonder. If he catches you, he can put you away, but I believe Magomed also has that. He has the speed, the patience to counter. He’s been in this position before. He already let the title slip out of his hands once before, and I believe he’ll be a lot more focused, locked in for this, and ultimately has more ways to win.’”

    ESPN: Pereira to win by knockout

    Staff writes: ‘He must use his range and educated striking to find the damaging shots, like he did against Rountree. The key will be leg kicks. Jan Blachowicz damaged Ankalaev’s legs on both sides, and Blachowicz is not nearly as slick setting up those kicks as Pereira is. Despite being a skilled wrestler, Ankalaev has often failed to commit to wrestling, opting to stand and trade, which will put him right in line for Pereira’s leg kicks. If that happens, Ankalaev will be compromised by Round 3, if the fight lasts that long.’

    Sportskeeda: Alex Pereira via KO

    Puneeta Sharma writes regarding Alexander Volkanovski’s pick: ‘Alex Pereira very dangerous because he puts the pressure on and he can flick stuff out untelegraphed and set things up offensively and then on the counter, very, very, very good on the counter. Hard, hard fight for Ankalaev to stay on the feet. [Ankalaev’s] gonna wanna take it down, he will try and take it down, he might get takedowns… I don’t see him being able to submit Pereira unless Pereira gives something up in his process to building up… I’m gonna go with a favorite on this one, Alex Pereira, KO. I’m gonna go with KO/TKO. I think with him, it’s always a pretty safe bet… I don’t think it’s gonna be early rounds. I’m thinking maybe second or third round TKO.’

    UFC 313 live stream

    The early prelims will be available to stream via ESPN+ and Disney+. The prelims follow with coverage on ESPN News as well as streaming on ESPN+ and Disney+. The main event is available on ESPN+ PPV.

    UFC 313 price

    UFC events are available to ESPN+ subscribers for $119.99 for the entire year. You can also purchase a monthly subscription of ESPN+ for $11.99. The PPV is available for an additional $79.99.

    UFC 313 location

    Alex Pereira defends his light heavyweight title against Magomed Ankalaev. The event will be held at the T-Mobile Arena in Las Vegas.

    Alex Pereira vs. Magomed Ankalaev: Tale of the tape

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