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The key resistance level I’ve been watching on the S&P 500 hasn’t wavered. It’s 5782. The bulls had a real chance this past week to clear this important hurdle and they failed. Badly. If this was a heavyweight fight, the ref would have called it after the first round. It simply wasn’t close. Resistance failed, rotation turned bearish, volatility again expanded, and the bears are celebrating another short-term victory.

Check out this S&P 500 chart:

I’ve written about this to EarningsBeats.com members. I posted this exact chart in my StockCharts.com article a few days ago. I’ve discussed it on my YouTube shows. 5782 is THE key short-term price resistance and you can see above that the S&P 500 literally did an “about face” as soon as it touched this resistance. Sellers were lined up. Now that we’ve failed at 5782, it only makes this resistance level that much more important on any future rallies.

The serious technical damage occurred over the past 3 days as consumer discretionary stocks have been absolutely TROUNCED, while consumer staples hangs near its recent highs. If you recall, it was this HUGE disparity in consumer stocks on February 21st that triggered the massive selling episode. Now here we are again with consumer staples stocks (XLP) outperforming discretionary (XLY) by a mile. Check out this chart:

Doesn’t the action in consumer stocks the past 3 days exactly mirror the action we saw in the 2nd half of February and into the first week of March? Folks, this isn’t good.

This is just the tip of the iceberg.

Bear Market Ahead?

The S&P 500, from its recent all-time high to its subsequent low, fell 10.4%, which marks correction territory. The rally we saw off the March 13th low was likely due to oversold conditions, along with March options expiration. On Tuesday, March 18th, we discussed with our EB.com members that odds favored a short-term rally, based on max pain and we laid out key resistance from 5670 to 5782, with the 20-day EMA falling in the middle of this price range. Once we failed at 5782, it was very important to gauge the nature of any new selloff. That’s what I’ve been evaluating this week and it’s not pretty. As you can see in the chart above, money has once again started rotating into the XLP and out of the XLY. This is one of the most important intermarket relationships and it’s screaming BEARISH ACTION AHEAD!

It’s only one signal, however. I announced a few days ago that we’d be hosting a FREE webinar on Saturday morning, March 29th, at 10:00am ET. I plan to discuss several signals that are pointing to exactly what we saw on Friday – more selling. To get a better handle on current market conditions and where we’re heading, I’d encourage you to join me Saturday morning by REGISTERING HERE. If you can’t make the live webinar, we’ll still send out the recorded video to all who register, so ACT NOW!

And here’s a little secret. Shhhhhhh! Market makers are playing some serious games manipulating some of the biggest stocks. I’ll talk a bit about how we can take advantage of that Saturday morning. Hope to see you there!

Happy trading!

Tom

Sure, the Los Angeles Dodgers are unbeaten in five games and the New York Yankees can’t stop hitting home runs, but let’s pause to consider what the San Diego Padres have pulled off.

It’s not even April, and they’ve already clinched the season series against the Atlanta Braves – and cracked the top five in USA TODAY Sports’ first power rankings installment.

Oh, it probably won’t matter, but it’s worth pondering that the most significant feat of this opening weekend was the Padres sweeping four games against Atlanta, marking six consecutive victories over them at Petco Park, dating to their wild-card steamrolling during last year’s playoffs.

Perhaps you might remember that: The Braves, New York Mets and Arizona Diamondbacks all had to wait until hurricane-delayed Games 161 and 162 were played to determine the final NL playoff spots. Sure, most tiebreakers don’t come into play, but with the Padres and Braves very likely slotting in wild-card spots this year, it’s not entirely meaningless.

Of greater note, San Diego’s throttling of Atlanta might at least force observers to recalibrate their expectations for both teams, with the Padres perhaps providing resistance to the Dodgers in the West, while the Braves are already a pace behind what should be an excellent three-team race in the East.

Then again, 158 games remain for both.

A look at our updated rankings:

1. Los Angeles Dodgers

  • Just wait ’til Mookie Betts is back at fighting weight.

2. New York Yankees

  • You might say they, uh, torpedoed Brewers pitching.

3. Philadelphia Phillies

  • Jesús Luzardo wins first start as Phillie.

4. San Diego Padres

  • Bullpen allowed one earned run in 16 innings.

5. Baltimore Orioles

  • Blasted 10 homers in four games against Toronto.

6. Texas Rangers

  • Jack Leiter did enough to win first start; can Kumar Rocker follow suit?

7. Arizona Diamondbacks

  • Next time, just start the guy you just gave $210 million.

8. New York Mets

  • Oh, they’ll hit soon enough.

9. Houston Astros

  • Spencer Arrighetti picks up where he left off after strong 2024 finish.

10. Detroit Tigers

  • They’re definitely done with the Dodgers.

11. Boston Red Sox

  • Rafael Devers doing anything but designated hitting: 0 for 16 with 12 strikeouts.

12. Atlanta Braves

  • Ah yes, three games at the Dodgers should wash that 0-4 start right away.

13. Cincinnati Reds

  • It’d be a shame if relief woes sank an otherwise solid and charismatic roster.

14. Chicago Cubs

  • Relief acquisition Eli Morgan has given up six runs in 3 ⅔ innings.

15. Seattle Mariners

  • After four-run opening day explosion, they score two, zero and two runs against A’s.

16. Cleveland Guardians

  • Jose Ramírez’s wrist is barking a little bit.

17. Kansas City Royals

  • Tough opening series ends on grim note when pitch strikes Jonathan India in face.

18. Tampa Bay Rays

  • They embrace the great outdoors with two wins over Rockies, including walk-off homer.

19. San Francisco Giants

  • Maybe this Old Guys Rule rotation will work out.

20. St. Louis Cardinals

  • So far, their ‘reset’ has resulted in a perfect record.

21. Toronto Blue Jays

  • The Max Scherzer thumb saga already getting painful.

22. Washington Nationals

  • Dylan Crews hitless in 11 at-bats, with eight strikeouts.

23. Minnesota Twins

  • Top prospect Emmanuel Rodriguez with a three-hit night in Class AAA opener.

24. Milwaukee Brewers

  • We feel confident in saying they will not see the New York Yankees again this year.

25. Los Angeles Angels

  • Tim Anderson gets a nice welcome in return to Chicago’s Southside.

26. Athletics (Sacramento)

  • Their Yolo County Era begins this week.

27. Miami Marlins

  • Griff Conine hits game-tying homer on night his dad is inducted into club Hall of Fame.

28. Pittsburgh Pirates

  • First three losses all walk-offs. So they’re coming close.

29. Colorado Rockies

  • Chase Dollander watch: Strikes out five in four innings of first Class AAA start.

30. Chicago White Sox

  • Clip and save this for posterity: Their 1.00 ERA leads the major leagues

The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

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Carl Finley was a high school principal working in Dallas in 1961. He was 37, and he had never lived outside of Texas, aside from serving in World War II.

Late that year, he met with his cousin, Charlie, who had bought the Kansas City Athletics the previous year.

“Dad said he looked really beat up, not physically, but mentally,” Nancy Finley, Carl’s daughter, told USA TODAY Sports. ‘And I remember Mom made a comment about that, too. His hair was disheveled. He just didn’t look like the Charlie they knew. That’s when Charlie asked Dad to join him.”

Charlie Finley, who was an insurance broker, had never been an athlete or worked in baseball administration. Neither had Carl, who didn’t expect the arrangement to last more than a couple of years.

“He was nervous about the whole thing,’ Nancy says of her father. ‘Dad had gone to SMU law school, and had a master’s in journalism. He liked to constantly be in it or learning something. And Charlie liked that about him.’

Together, they became partners who launched the team’s tenure in Oakland that started in 1968.

That run officially ends Monday, when the A’s host their first home game in Sacramento. The team intends to move permanently to Las Vegas in 2028.

Carl was the franchise’s on-site eyes and ears while his cousin ran the insurance business that funded the team from Chicago. He helped transform a perennial loser once known as a feeder team for the Yankees through trades into a World Series champion from 1972-74.

After her parents divorced, Nancy moved from Dallas to live with him during her school-aged years, an experience she captured in the book “Finley Ball” that helps preserve the memories of her late father and controversial cousin who loved outrageous promotions.

Nancy later became a model and paralegal and lived in the Bay Area until 2020. She shares memories of Oakland, from ‘Hot Pants Day’ to the Finleys’ unexpected sale of the team to building lasting friendships and ties to the era the A’s are leaving behind.

(Questions and responses are edited for length and clarity.)

What was it about your dad’s scouting strategy that worked so well?

When he started with the team the summer of 1962, he mainly observed how Charlie handled things. Then Dad was offered a percentage ownership, and would live where the team was based (in Kansas City).

He started visiting our farm team in Birmingham, Alabama, to observe the players. He was fortunate to have former MLB players like Eddie Robinson, Ed Lopat and Hank Bauer in the KC front office.

Dad’s goal with Charlie was to build a winning team “from scratch.” Dad preferred to view the high schoolers first. Charlie agreed. Anytime a report came in about a young man who played very well, Dad or Charlie (or both) would personally visit the location to check it out for themselves. Dad told me he was instrumental in signing Vida Blue.  He was very proud of Vida.When the team learned it had to move from Kansas City because of increased rent, is it true only location with a ready-to-move-into stadium was Oakland?

Yes, Dad said he knew he would get a call from them at least once a month, maybe more. It would be like a telemarketer today, or one of those calls you get all the time, and they would call and say, “we just want you to remember we’re here.” And because they heard rumors in the paper that Charlie wanted to move, which wasn’t true, they started calling, and they were annoying to Dad. Oakland was not where we intended to go. I found a message from Charlie. It’s from September 1967 and it says he had been to Seattle, and it’s beautiful. And can we go there? And Dad answered, “No,” exclamation mark, because Dad had already started coordinating the move to Oakland.

But Oakland did appear to be the only place they claimed they were turnkey. “Oh, you won’t have to do anything here. You won’t have to wait.” Dad really wanted Dallas, of course.

What do you remember about the Coliseum?

When you go in, you always look at the green, the field, then nothing but gray. I mean cinder blocks. And I’m thinking, “Where’s the color?” The office had this really tacky looking linoleum floor with stains on it. We kept hearing it had just been built. And Dad said, “Yeah, they’re going to send someone in to take care of that.” That was the only thing left to do. And we kept waiting, which just really seems strange because they didn’t have to do that much – just make the floors look better, do something with the lighting that flickers.

But aside from that, the Coliseum makes a really good presentation when you’re driving from the from either way on the freeway.

So what is your feeling about the team leaving Oakland?

I’m sad. In a way, they haven’t gone because Sacramento isn’t really that far. People with season tickets lived in Sacramento. We had people coming in from Fresno.

The one time we wanted to get out of our lease was because of the offer from Denver in ’77. And that offer was good. It would have kept Dad and Charlie, and things looked pretty bleak for us and so Oakland would not allow it. They said no. And OK, so we had no choice. It seemed like Oakland just had they became aggressive. Their aggression came out. I don’t know where that went, because I said to my husband, where is their aggression when they need it?

What are your fondest memories of those days?

We had really intriguing promo items; it wasn’t just always bobbleheads. I guess the most interesting promo item was, I think, was when we gave away Hot Pants perfume to everyone wearing ‘hot pants’ of the first 5,000 people. And I liked that, because I was in charge of the boxes coming in, and I got to spray that stuff all over the place. Some of the men wanted it for their girlfriend, and if it fell, it didn’t break, because it had sort of had a bouncy effect, whatever they made it out of.

I heard you say somewhere about how the Yankees were the team he particularly wanted to beat.

I think it was because, in the beginning, at that time, I heard that Kansas City had been like a minor league team for the Yankees. What’s odd is a lot of Dad and Charlie’s good friends were former Yankees. Now Billy Martin (who managed the A’s from 1980-82) was an example. But he and Charlie seemed to sort of grate on each other. So when dad wanted negotiate for Billy and ’79, he told Charlie he that he had to do it; Charlie had to stay out of it. Dad told Charlie, please don’t call him late at night if you have anything on your mind or you just want to talk. I heard Dad lecturing him, like for this to work, you have to follow this. Dad was pretty strict about that, because he knew that Charlie could make one of those calls, say something just who knows what, and then Billy might get offended. And there was a big change with Charlie that year. Charlie was hands off with Billy, but no one’s even noticed that.

Tell me about the lawsuit that led to Charlie to sell the team.

That is what caused us to move. Nothing else. Other books talk about Charlie’s divorce. Charlie’s divorce happened in ’74 and there was nothing hanging over his head at that time, but out of the blue after ’79 started, we’re served a lawsuit by the City of Oakland, Alameda County, and the Coliseum board. And one cause of action was our players were not up to MLB standards. And we had brought Rickey Henderson in that year. I teased Rickey. I used to say, “You’re one of our not up to standard players.” Some of the things they say is there – we haven’t done anything with our boosters., we haven’t had any promo days … it’s odd that they did that after we had won three in a row. It hadn’t been too long.

Now we had that dismissed. Our attorneys went in that summer, it was thrown out, but still it was what the lawsuit said and accused us of that was hard to get over. Dad had some friends in, I guess, the Sheriff’s Department, FBI, who said that they were concerned about our safety, not Charlie, but the two of us, since we lived in that area, because the media stuff was so bad against us that an overzealous fan might hurt us and think it’s OK or feel like a hero, because it would be okay to hurt a Finley.c

I think one problem was we gave our players too much freedom because we let them talk to the press. We did not ask in advance, what are you going to talk about, like they do now. And I think that was too much. Dad and Charlie did not believe you should restrict anyone talking to anyone. They’re adults. And that sort of backfired. So that probably led to some things, because what would happen was some of some press people would call our players and ask, well, are you happy with Finley today, or something like that.

Deep inside, I don’t think he wanted to sell, but then he knew he would have to eventually, but we had more wins in us. I know we did.

What about a memory of a favorite player?

Catfish Hunter was one of them. And, yeah, I understand what happened with the Yankees. He saw fine print where Charlie was ever late with something that they could break it. And Charlie was always late with that payment. (Laughs.) But I was at the honor when it was out that Catfish had ALS. There was an honor for him at the stadium (in 1999). I remember Catfish couldn’t use his hands, but that was all he looked he looked perfect besides that. And I saw tears coming out of his eyes. Dad was there. Charlie was deceased, and the players were all sort of gathering around Dad and Catfish. I saw the family getting back together, and probably memories of  everyone before, and why did we waste all this time?

The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

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Auburn basketball experienced a brief injury scare in the second half of Sunday’s Elite Eight game vs. No. 2 seed Michigan State.

At the 10:47 mark of the second half at State Farm Arena in Atlanta, Tigers star forward Johni Broome appeared to sustain an elbow and leg injury.

The injuries came at the basket at the end of a play where Michigan State’s Freddie Fidler missed a layup inside the paint. Broome immediately went down on the floor and appeared to have fallen into an awkward position on his left leg.

Broome, whose wrist was treated by Auburn medical staff moments before the nasty fall, was immediately brought back to the Tigers locker room for further testing.

As Broome was walking off the court, he was seen walking gingerly.

Here’s the latest injury updates on Broome:

What is Johni Broome’s injury?

Broome appeared to injure his left leg and his right elbow on his fall in the second half against Michigan State.

Though Broome returned to the game, and got a rebound and made a 3-pointer upon his return, Broome was seen favoring his left arm late in the game and was not using his right to get rebounds. Broome’s x-rays were negative, per CBS’ Tracy Wolfson, but the full extent of his injuries were unknown in-game.

Johni Broome injury updates

Broome exited the Tigers’ Elite Eight game vs. Michigan State with apparent elbow and leg injuries. He had his elbow wrapped up in ice during Auburn’s postgame news conference with the media in Atlanta.

CBS’ Tracy Wolfson reported that Broome told Auburn coach Bruce Pearl that he couldn’t push through it as he headed to the locker room for further testing.

‘As you mentioned Ian, Johni Broome is dealing with those two injuries. He is in the locker room right now. Bruce Pearl asked Johni as he was walking off the court if he was okay and he looked at him and said no. He told his teammates to finish the game.’

After being looked at in the locker room, Broome checked back into the game at the 5:29 mark of the second half and secured a rebound and hit a 3-pointer in quick succession. Wolfson later reported that Broome’s X-rays were negative in the locker room.

Broome, who hit a 3-pointer on his first shot back, gave a thumbs up to CBS broadcasters Grant Hill and Bill Rafferty during teammate Denver Jones’ free throw attempts to acknowledge that he is all right.

Johni Broome comments on injury

Broome said postgame that once he learned he was cleared to return, he wanted to so he ‘can help his teammates.’

‘Went to the locker room. We have a good support staff. I checked my arm out. The (doctor) said nothing is wrong with it (or) anything serious, so at that moment I just wanted to help my teammates. And that is coming out and playing,’ Broome said.

Bruce Pearl comments on Johni Broome injury

Pearl told reporters that he did not receive a diagnosis from the team’s doctors on Broome’s injury when he came out of the locker room. He then said that Auburn won’t know the actual extent of Broome’s injury until tomorrow, but is expecting his elbow to be ‘pretty sore.’

‘I didn’t get any diagnosis. When Johni came out of the locker room, I had not talked to the doctor. But I asked him (Broome) if he is good to go and he said, ‘I am,” Pearl said.

He added: ‘I don’t think we are going to really know until tomorrow whether it was a slight hyperextension or whatever that way. Obviously the doctors were able to examine it and determine there was no damage. I bet it will be pretty sore tomorrow though.’

This story has been updated with new information

This post appeared first on USA TODAY

The John Cena farewell tour is approaching the biggest time in WWE: WrestleMania.

Three months have gone though Cena’s final year in WWE and it’s already been a wild ride for the 16-time WWE champion. Not only did he secured a WWE title match at WrestleMania 41 against Cody Rhodes, but he shockingly turned heel when he attacked Rhodes in a vicious assault of the champion.

Since then, Cena has been in the ring to justify his actions, and while every time he shows up means people may have gotten to see him one last time, there’s curiosity of how many of those appearances will be actual matches. With the clock ticking down, here’s what we know about Cena’s next match:

When is John Cena’s next match?

Don’t expect it to happen before WrestleMania.

The Undisputed WWE Championship match against Rhodes is expected to be Cena’s next match. He’s been advertised to appear at Raw on Monday, March 31, but it will be to speak with Rhodes again.

After that, Cena isn’t scheduled to have any more WWE appearances until WrestleMania. The WWE title match typically closes the two-day event, so Cena’s next match will be April 20 at Allegiant Stadium in Las Vegas.

John Cena’s 2025 matches

When Cena announced his retirement plan at Money in the Bank 2024, he said he planned to make 30-40 appearances in 2025. So far this year, Cena has made five appearances. He made his first one at the Raw on Netflix debut.

Cena has only had two matches in 2025: the men’s Royal Rumble match and men’s Elimination Chamber match. He’s scheduled to appear at Raw on March 31, and that would mean he’s made six appearances in 2025. WrestleMania 41 is scheduled to be his seventh showing and third match of the year.

When will John Cena be at WWE in 2025?

After Monday, WrestleMania 41 is Cena’s next scheduled showing. WWE does have dates for when Cena is supposed to appear next. Those dates and events are:

  • Saturday Night’s Main Event: May 24 ∣ Tampa, Florida
  • SmackDown: May 30 ∣ Knoxville, Tennessee
  • SmackDown: June 13 ∣ Lexington, Kentucky
  • SmackDown: June 20 ∣ Grand Rapids, Michigan
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For the first time since 2008, the Final Four will consist entirely of No. 1 seeds, with No. 1 overall seed Auburn becoming the last to join Florida, Duke and Houston in San Antonio after a 70-64 win over Michigan State in Atlanta.

Every team’s path has been different. For Houston, it has been marked by stifling defense in the face of an exceptionally difficult region. For Florida, it has involved a pair of huge comebacks and some clutch shooting down the stretch. For Duke, it has been almost alarmingly easy, with the Blue Devils averaging a margin of victory of 23.5 points per game. And for Auburn, it has featured wins over a pair of Big Ten schools to get to the final weekend.

One side of the bracket will feature Auburn vs. Florida in an SEC showdown between the conference’s regular season and tournament champions. The other side will see Cooper Flagg, Kon Knueppel and the vaunted Blue Devils taking on a Houston team led by coach Kelvin Sampson, who has carved out a bit of a legend in Space City ahead of his second Final Four appearance with the Cougars.

Here’s the full list of teams to make the Final Four in 2025:

Who is in the Final Four?

  • No. 1 Florida (West)
  • No. 1 Duke (East)
  • No. 1 Houston (Midwest)
  • No. 1 Auburn (South)

Final Four schedule

This section will be updated.

Saturday, April 5

  • Game 1: No. 1 Auburn vs No. 1 Florida | 6:09 p.m. on CBS | Fubo (free trial)
  • Game 2: No. 1 Houston vs No. 1 Duke | 8:49 p.m. on CBS | Fubo (free trial)

Men’s March Madness bracket

All times Eastern.

East Region

First round

  • No. 1 Duke 93, No. 16 Mount St. Mary’s 49
  • No. 9 Baylor 75, No. 8 Mississippi State 72
  • No. 5 Oregon 81, No. 12 Liberty 52
  • No. 4 Arizona 93, No. 13 Akron 65
  • No. 6 BYU 80, No. 11 Virginia Commonwealth 71
  • No. 3 Wisconsin 85, No. 14 Montana 66
  • No. 7 Saint Mary’s 59, No. 10 Vanderbilt 56
  • No. 2 Alabama 90, No. 15 Robert Morris 81

Second round

  • No. 1 Duke 89, No. 9 Baylor 66
  • No. 4 Arizona 87, No. 5 Oregon 83
  • No. 6 BYU 91, No. 3 Wisconsin 89
  • No. 2 Alabama 80, No. 7 Saint Mary’s 66

Sweet 16

  • No. 2 Alabama 113, No. 6 BYU 88
  • No. 1 Duke 100, No. 4 Arizona

Elite Eight

  • No. 1 Duke 85, No. 2 Alabama 65

Final Four

  • No. 1 Duke vs. No. 1 Houston

Midwest Region

First round

  • No. 1 Houston 78, No. 16 SIU-Edwardsville 40
  • No. 8 Gonzaga 89, No. 9 Georgia 68
  • No. 12 McNeese State 69, No. 5 Clemson 67
  • No. 4 Purdue 75, No. 13 High Point 63
  • No. 6 Illinois 86, No. 11 Xavier 73
  • No. 3 Kentucky 76, No. 14 Troy 57
  • No. 7 UCLA 72, No. 10 Utah State 47
  • No. 2 Tennessee 77, No. 15 Wofford 62

Second round

  • No. 1 Houston 81, No. 8 Gonzaga 76
  • No. 4 Purdue 76, No. 12 McNeese 62
  • No. 3 Kentucky 84, No. 6 Illinois 75
  • No. 2 Tennessee 67, No. 7 UCLA 58

Sweet 16

  • No. 2 Tennessee 78, No. 3 Kentucky 65
  • No. 1 Houston 62, No. 4 Purdue 60

Elite Eight

  • No. 1 Houston 69, No. 2 Tennessee 50

Final Four

  • No. 1 Houston vs No. 1 Duke

South Region

First round

  • No. 1 Auburn 83, No. 16 Alabama State 63
  • No. 9 Creighton 89, No. 8 Louisville 75
  • No. 5 Michigan 68, No. 12 UC San Diego 65
  • No. 4 Texas A&M 80, No. 13 Yale 71
  • No. 6 Ole Miss 71, No. 11 North Carolina 64
  • No. 3 Iowa State 82, No. 14 Lipscomb 55
  • No. 10 New Mexico 75, No. 7 Marquette 66
  • No. 2 Michigan State 87, No. 15 Bryant 62

Second round

  • No. 1 Auburn 82, No. 9 Creighton 70
  • No. 5 Michigan 91, No. 4 Texas A&M 79
  • No. 6 Ole Miss 91, No. 3 Iowa State 78
  • No. 2 Michigan State 71, No. 10 New Mexico 63

Sweet 16

  • No. 2 Michigan State 73, No. 6 Ole Miss 70
  • No. 1 Auburn 78, No. 5 Michigan 65

Elite Eight

  • No. 1 Auburn 70, No. 2 Michigan State 64

Final Four

  • No. 1 Auburn vs No. 1 Florida

West Region

First round

  • No. 1 Florida 95, No. 16 Norfolk State 69
  • No. 8 UConn 67, No. 9 Oklahoma 59
  • No. 12 Colorado State 78, No. 5 Memphis 70
  • No. 4 Maryland 81, No. 13 Grand Canyon 49
  • No. 11 Drake 67, No. 6 Missouri 57
  • No. 3 Texas Tech 82, No. 14 UNC-Wilmington 72
  • No. 10 Arkansas 79, No. 7 Kansas 72
  • No. 2 St. John’s 83, No. 15 Omaha 53

Second round

  • No. 1 Florida 77, No. 8 UConn 75
  • No. 4 Maryland 72, No. 12 Colorado State 71
  • No. 3 Texas Tech 77, No. 11 Drake 64
  • No. 10 Arkansas 75, No. 2 St. John’s 66

Sweet 16

  • No. 1 Florida 87, No. 4 Maryland 71
  • No. 3 Texas Tech 85, No. 10 Arkansas 83 (OT)

Elite Eight

  • No. 1 Florida 84, No. 3 Texas Tech 79

Final Four

  • No. 1 Florida vs. No. 1 Auburn
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(TheNewswire)

TORONTO, ON TheNewswire – March 31, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) (‘ Silver Crown ‘, ‘ SCRi ‘, or the ‘ Company ‘) is pleased to provide an update on its non-brokered offering of units (‘Units ‘) that was previously announced on February 6, 2025 (the ‘ Offering ‘).

In connection with the Offering, the Company has successfully closed the second tranche (‘ Second Tranche ‘) and issued 75,310 Units at a price of C$6.50 per Unit, for gross proceeds of approximately C$489,515. Each Unit consists of one common share (‘ Common Share ‘) and one Common Share purchase warrant (‘ Warrant ‘), with each Warrant exercisable to acquire one additional Common Share at an exercise price of C$13.00 for a period of three years from the closing date.  The total units issued under this Offering total 142,848 for cumulative gross proceeds of C$928,512.

The proceeds from the Second Tranche will be used to partially fund the second tranche of the Company’s silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The closing was subject to customary conditions, including the approval of Cboe Canada Inc.

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, the proceeds from the Second Tranche will be used to partially fund the second tranche of the Company’s silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. 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 information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

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The key resistance level I’ve been watching on the S&P 500 hasn’t wavered. It’s 5782. The bulls had a real chance this past week to clear this important hurdle and they failed. Badly. If this was a heavyweight fight, the ref would have called it after the first round. It simply wasn’t close. Resistance failed, rotation turned bearish, volatility again expanded, and the bears are celebrating another short-term victory.

Check out this S&P 500 chart:

I’ve written about this to EarningsBeats.com members. I posted this exact chart in my StockCharts.com article a few days ago. I’ve discussed it on my YouTube shows. 5782 is THE key short-term price resistance and you can see above that the S&P 500 literally did an “about face” as soon as it touched this resistance. Sellers were lined up. Now that we’ve failed at 5782, it only makes this resistance level that much more important on any future rallies.

The serious technical damage occurred over the past 3 days as consumer discretionary stocks have been absolutely TROUNCED, while consumer staples hangs near its recent highs. If you recall, it was this HUGE disparity in consumer stocks on February 21st that triggered the massive selling episode. Now here we are again with consumer staples stocks (XLP) outperforming discretionary (XLY) by a mile. Check out this chart:

Doesn’t the action in consumer stocks the past 3 days exactly mirror the action we saw in the 2nd half of February and into the first week of March? Folks, this isn’t good.

This is just the tip of the iceberg.

Bear Market Ahead?

The S&P 500, from its recent all-time high to its subsequent low, fell 10.4%, which marks correction territory. The rally we saw off the March 13th low was likely due to oversold conditions, along with March options expiration. On Tuesday, March 18th, we discussed with our EB.com members that odds favored a short-term rally, based on max pain and we laid out key resistance from 5670 to 5782, with the 20-day EMA falling in the middle of this price range. Once we failed at 5782, it was very important to gauge the nature of any new selloff. That’s what I’ve been evaluating this week and it’s not pretty. As you can see in the chart above, money has once again started rotating into the XLP and out of the XLY. This is one of the most important intermarket relationships and it’s screaming BEARISH ACTION AHEAD!

It’s only one signal, however. I announced a few days ago that we’d be hosting a FREE webinar on Saturday morning, March 29th, at 10:00am ET. I plan to discuss several signals that are pointing to exactly what we saw on Friday – more selling. To get a better handle on current market conditions and where we’re heading, I’d encourage you to join me Saturday morning by REGISTERING HERE. If you can’t make the live webinar, we’ll still send out the recorded video to all who register, so ACT NOW!

And here’s a little secret. Shhhhhhh! Market makers are playing some serious games manipulating some of the biggest stocks. I’ll talk a bit about how we can take advantage of that Saturday morning. Hope to see you there!

Happy trading!

Tom

On the sideline coaching a Sweet 16 matchup against No. 4 seed Maryland, South Carolina head coach Dawn Staley didn’t look like her usual vibrant self. She was somber, and her face calculated.

Her South Carolina Gamecocks team found itself behind ― again. In back-to-back March Madness performances, South Carolina was down at halftime. It happened while playing the No. 9 seed Indiana Hoosiers in the second round, and Maryland, despite having just a two-point lead at halftime, had the defending champs on the ropes, too. South Carolina looked frazzled, rattled even, and no one was coming to save them from their mountain of first-half blunders.

At the very minimum, the Terrapins seemingly figured out a framework that forced the Gamecocks to abandon their high-intensity brand of basketball, which leans heavily on a defense that creates transition points and an offense that breaks down opponents one painful shot at a time. When the third quarter arrived, a visibly frustrated Staley was still encouraging her players when, slowly, a possession at a time, they forced several stops.

Then, as the Gamecocks inched into the fourth, guard MiLaysia Fulwiley came alive.

Milaysia Fulwiley’s electric day saves South Carolina

Fulwiley is a walking highlight reel. At any moment, one of her sensational baskets or behind-the-back passes could end up on SportsCenter. However, she was more than a viral clip for South Carolina on Friday. She was their savior.

Her 23 points off the bench were a game high and included 16 in the second half. ‘When you have a dynamic player like MiLaysia, you put the ball in her hands,’ Staley said postgame. ‘And you allow her to just create her magic, and she did that for us today.’

Magic feels very fitting for what it would take to erase the rolling ball of first-half mistakes by South Carolina and move the Gamecocks to the next round. There were terrible shots and not nearly enough ball movement, and the Gamecocks let Maryland practically get any look they wanted.

By the game’s end, four Terappins were in double figures, and one of the few saving graces outside of Fulwiley was that forward Chloe Kitts found some more points to add to the final total. Maryland also lost some of its Cinderella magic and turned into a pumpkin, giving up the ball five times as time wound down.

South Carolina is dangerously close to a March Madness upset

Still, it’s hard to ignore that if not for some heroics, South Carolina would be left stunned, wondering what happened to their repeat championship. Fortunately, they’re continuing on to the Elite Eight, where they’ll face No. 2 seed Dule at 1 p.m. ET Sunday on ABC.

‘We know that if we play like that again, we’re going home,’ senior Te-Hina Paopao said. ‘It’s just something that we don’t want to experience again, and it’s something that we know we can do better, and we can do a better job to our standard.’

‘The underestimated is dead,’ Kitts explained. ‘We should not be underestimating anybody … We just need to remember who we are and go out there and play like it’s our last.’

Kitts nailed the overarching sentiment that South Carolina needs to understand. The Gamecocks are the reigning national champions and can compete with any team. That said, the field has adjusted, and whatever target is already on their backs has seemingly grown in size overnight.

‘I just think anytime you are coming off a national championship, you are the targeted one. Everybody ― everybody ― wants to knock you off your throne,’ Staley said postgame.

‘With this particular team, they’ve never been in that situation where they’ve won, and then they gotta defend the championship. And we went undefeated so they tend to forget … We had some close moments of losing that they just kind of tuck those moments away.’

Unfortunately, South Carolina can’t sweep those moments under the rug. The Gamecocks won’t keep getting away with so many hijinks. The ugly is staring the team in the face, daring the players to address it or face the consequences. If the Gamecocks aren’t careful, another team will gladly snatch their crown and walk off into the sunset as if that was the plan the whole time.

This post appeared first on USA TODAY