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The families of Israeli hostages held in Gaza blasted the newly-picked head of the Shin Bet security agency after he reportedly voiced opposition to hostage deals.

According to Israel’s Channel 12 News, Maj. Gen. David Zini said in meetings of the Israel Defense Forces (IDF) general staff: “I oppose hostage deals. This is a forever war.” The report does not provide a specific date for the Zini’s comments. Channel 12 says it was a position he repeated often over the past year.

“If the report is accurate, these are shocking statements, worthy of unequivocal condemnation, especially coming from someone who is expected to hold the fate of the hostages in his hands,” said the Hostages and Missing Families Forum in a statement on Friday.

In his current position as the head of the Training Command and General Staff Corps in the IDF, Zini has little influence on hostage negotiations and his personal beliefs are largely irrelevant to the process. But if confirmed as head of the Shin Bet, Zini could have a significant role considering the agency’s participation in previous rounds of indirect negotiations with Hamas.

“Appointing a Shin Bet chief who prioritizes (Prime Minister Benjamin) Netanyahu’s war over the return of the hostages is a sin upon a crime and an injustice to the entire people of Israel – a blow to the value of solidarity and the sacred duty to leave no one behind,” the forum said.

When asked for comment, the IDF said it “does not on comment on content discussed in General Staff deliberations.”

Zini’s career in the military has mostly been as a field officer with little experience in intelligence, which is a core aspect of the Shin Bet, officially called the Israel Security Agency.

Ruby Chen, the father of Israeli-American soldier Itay Chen, whose body is still held in Gaza, said on social media that “Netanyahu appoints to key positions people who lack the relevant skills in order to control the system.”

Netanyahu announced Zini’s nomination on Thursday, one day after Israel’s Supreme Court ruled that he had a conflict of interest in firing the previous Shin Bet chief, Ronen Bar, and could not appoint a replacement.

In its decision, the court said the firing “was made when the Prime Minister had a conflict of interest in light of the investigations into the affairs of his associates; that the decision was made without a factual foundation; and without a proper hearing being held for the Shin Bet head.”

On Thursday, the Attorney General said: “The Prime Minister acted contrary to legal guidance, there is serious concern that he acted when he is in a conflict of interest, and the appointment process is flawed.”

But Netanyahu proceeded with the appointment anyway. The Prime Minister’s Office issued a statement on Friday defending the decision. “This is an urgent security necessity, and any delay harms the security of the state and the safety of our soldiers,” it said. Netanyahu said on Friday that he has known Zini for years.

The choice of Zini as an active-duty general was also unprecedented, prompting the IDF’s Chief of Staff Lt. Gen. Eyal Zamir to issue a statement saying that Zini would retire “in the upcoming days” before he can take up the civilian Shin Bet post.

The pick appeared to surprise the country’s top general, who emphasized that “any discourse conducted by IDF soldiers with the political echelon must be approved by the Chief of General Staff.”

This post appeared first on cnn.com

Dr. Alaa al-Najjar left her ten children at home on Friday when she went to work in the emergency room at the Nasser Medical Complex in southern Gaza.

Hours later, the bodies of seven children – most of them badly burned – arrived at the hospital, according to the Gaza Ministry of Health. They were Dr. Najjar’s own children, killed in an Israeli airstrike on her family’s home, Gaza Civil Defense said. The oldest was 12, the youngest just three years old. The bodies of two more children – a 7-month-old and a two-year-old – remained trapped under the rubble as of Saturday morning.

Only one of her children – critically injured – survived. Dr. Najjar’s husband, himself a doctor, was also badly injured in the strike.

Civil defense and the health ministry say that the family’s home, in a neighborhood of Khan Younis in southern Gaza, was targeted by an Israeli airstrike.

Gaza Civil Defense published graphic video from the scene of the strike. It showed medics lifting an injured man onto a stretcher as other first responders try to extinguish a fire engulfing the house. They recover the charred remains of several children from the debris and wrap them in white sheets.

‘Wiping out entire families’

Munir al-Barsh, Director-General of the Ministry of Health in Gaza, said that Dr. Najjar’s husband had just returned home when the home was struck.

“Nine of their children were killed: Yahya, Rakan, Raslan, Gebran, Eve, Rival, Sayden, Luqman, and Sidra,” Barsh posted on X. He said her husband was in intensive care.

“This is the reality our medical staff in Gaza endure. Words fall short in describing the pain. In Gaza, it is not only healthcare workers who are targeted—Israel’s aggression goes further, wiping out entire families,” Barsh said.

Both the father and son underwent two surgeries at the hospital and are still receiving treatment, Farra said.

Youssef Abu al-Reesh, a senior official at the Health Ministry, said Dr. Najjar had left her children at home to “fulfill her duty and her calling toward all those sick children who have no place but Nasser Hospital.”

Reesh said that when he arrived at the hospital, he had seen her “standing tall, calm, patient, composed, with eyes full of acceptance. You could hear nothing from her but quiet murmurs of (glorification of God) and (seeking forgiveness).”

Dr. Najjar, 38, is a pediatrician, but like most doctors in Gaza, she has been working in the emergency room during Israel’s onslaught on the territory.

This post appeared first on cnn.com

After 19 months of pounding Gaza, Israel is now under growing pressure from unlikely quarters – some of its closest Western allies.

Their patience has worn thin over Israel’s decision to expand the war and, in the words of one Israeli minister, “conquer” the territory – a move paired with plans to forcibly displace Gaza’s entire population to the south and block all humanitarian aid for 11 weeks.

The United Kingdom has paused trade talks and sanctioned extremist settlers in the West Bank. Canada and France have threatened sanctions. And the European Union – Israel’s biggest trade partner – is reviewing its landmark Association Agreement with the country.

Aid groups have warned that the situation in Gaza is becoming catastrophic, with the United Nations’ humanitarian chief Tom Fletcher last week calling on the world to “act decisively to prevent genocide.”

Dozens of babies have died of malnutrition, according to Gaza’s health ministry, and more than 53,000 people – or 4% of the entire population – have been killed since Israel launched its war following the October 7 terror attacks by Hamas and its allies.

The fact that some of Israel’s closest allies are now pushing back more vocally marks a major shift in attitudes toward the country.

The agreement, which covers various forms of cooperation between the two parties, including the free movement of goods and scientific collaboration, has been in place for 25 years. “The mere fact that this is being discussed seriously today is a sign of not just the increasing frustration, and I think also, let’s be quite clear, anger, in some European capitals over Israeli actions in Gaza,” said Lovatt.

The punitive steps threatened by the EU and other allies are designed in part to sway the domestic debate inside Israel, where society is already extremely divided over the war.

The government, propped up by hardliners from far-right parties, is determined to keep fighting in Gaza. But hundreds of thousands of Israelis demonstrate against the war each week, demanding the government agrees a ceasefire deal to release all the hostages still held in the strip.

In an opinion poll published by Israel’s Channel 12 broadcaster earlier this month, 61% of those surveyed favored ending the war for a deal that secures the hostage release, while only 25% supported the expanded military operation.

That notwithstanding, Arie Reich, a legal scholar at Israel’s Bar-Ilan University who specializes in international trade and EU law, said that external pressure on Netanyahu’s government may not have the desired effect.

“When foreign countries try to interfere in internal matters of another country, especially things that are very dear to them, such as their national security, it usually works as a boomerang, and it actually causes the people to support the government even more,” he said.

“There is a wide consensus in Israel that we want to release our hostages, and that we do not want to go back to where we were on October 6. We don’t want to have this threat of Hamas lingering over us,” Reich said.

But he added that the moves by some of Israel’s allies have made it clear that the “window of using military force is starting to close.”

“And maybe, if it goes on longer than that, I think it’s going to be very hard to maintain normal relations with many countries in the West,” he said.

Israel has so far brushed aside the threats from its Western allies. Prime Minister Benjamin Netanyahu has accused them of “offering a huge prize” to the October 7 attackers, while Israel’s foreign ministry said that “external pressure will not divert Israel from its path in the fight for its existence and security against enemies seeking its destruction.”

This determination to continue may be due to Netanyahu believing that he can, for now at least, rely on the United States for support.

And while the moves are diplomatically symbolic, critics expect little to change on the ground for Palestinians.

Short of a total arms embargo and a full suspension of economic relations, Israel is unlikely to change its ways, he said, arguing that Canada, France and the UK had been “complicit” in Israel’s actions in Gaza by providing it with “military, intelligence, economic, and diplomatic support.”

All three countries have longstanding agreements with Israel that include defense and security cooperation, although the detail of what exactly these contain is unclear.

The UK and France have suspended some arms licenses to Israel over the situation in Gaza but have continued to export military equipment worth tens of millions of dollars to Israel. Canada has said that no export permits on military goods to Israel have been issued since January 8, 2024.

Israel’s most powerful backer stands by it

As Israel’s most powerful ally, the US has the most sway over Netanyahu and his government. And while some in the Trump administration have criticized Israel over the dire humanitarian situation in Gaza, there has been no indication the US would take any punitive actions against it.

It isn’t, however, a “foregone conclusion that the US will continue to always unequivocally back Israel,” Lovatt said.

“While I don’t see a rupture in relations, clearly, the arrival of the second Trump administration has created an interesting dynamic, given the influence of what I would call the ‘America Firsters,’ those in the MAGA world who want to put the US first in everything, and that has, to a certain extent, also applied to Israel,” he said.

The US has moved out of step with Israel on number of issues in recent weeks.

It has struck a ceasefire deal with Yemen’s Iran-backed Houthi rebels without first informing Israel; unilaterally negotiated with Hamas the release of US citizen Edan Alexander from Gaza; and, according to a Reuters report, has dropped its demand for Saudi Arabia to normalize relations with Israel as a condition for US investment and potential US arms deals.

Addressing Israel’s criticism over the deal with the Houthis, US ambassador to Israel Mike Huckabee told Israeli media that the US “isn’t required to get permission from Israel” to get an agreement that protects its ships.

“Netanyahu has positioned himself as a master of the US political game, and as someone who’s best placed to manage and maintain tight Israel relations and to keep any US presidential administration on side. I think seeing some daylight between the Trump administration and the Israeli government clearly puts pressure on Netanyahu,” Lovatt said.

There are signs that some in Israel are worried about the consequences of its actions in Gaza. The leader of Israel’s opposition left-wing Democrats party, retired Israeli general Yair Golan, warned on Tuesday that Israel is “on its way to becoming a pariah state.”

The impact of the pressure from the allies was on display on Sunday, when the Israeli military announced it would allow a “basic amount of food” to enter Gaza as it launched its new offensive in the strip, which Israel says is intended to pressure Hamas to release the hostages held there.

Netanyahu conceded on Monday that if “a situation of famine” arose in Gaza, Israel “simply won’t receive international support.”

In a statement posted to Telegram, he added that even US senators “who have been staunch, unconditional supporters of Israel for decades” had told him that “images of mass starvation” in Gaza would cost Israel their support.

‘More of a threat’

Even if the US won’t use its leverage to force Israel to change its strategy in Gaza in a more significant way, it doesn’t mean Europe can’t put pressure on Israel on its own, experts say.

The European Union is Israel’s biggest trading partner, accounting for roughly a third of its trade in goods.

A full suspension of the Association Agreement between the EU and Israel is unlikely, as it would require unanimous agreement of all 27 EU member states and several have already indicated they would not support it – including Hungary, a staunch supporter of Israel.

Reich said that under the terms of the agreement, both the EU and Israel can terminate it for whatever reason, or even without giving a reason.

“The thing is that within the EU, that would require consensus … and that would be very, very hard, because there are many countries, many (EU) member states that will not go along with this,” he said.

“So I think it’s more of a threat to put pressure (on Israel) and maybe they could manage some temporary suspension of some provisions, but to terminate it, I don’t think it can happen,” he added.

Public support for the country runs deep in many of the bloc’s member states, which makes it difficult for some European governments to push for harsher sanctions against Israel.

And, Lovatt said, many European countries are also aware of the fact that they may need Israel’s help in the future.

“Especially in a situation where European countries are increasingly fearful of Russia’s actions in Ukraine, but also the threat that Russia represents the rest of Europe, and (they) see Israel as an important source of weapons and technology,” he said.

While terminating the association agreement would require unanimity, it would only take a majority of EU states to force through a partial suspension of the agreement.

Even that could be painful for Israel because it could lead to higher tariffs on Israeli products or prevent Israel from taking part in coveted EU projects such as the Horizon Europe program, with more than $100 billion in funding available for research and innovation.

The EU has in the past used its power to put pressure on countries over human rights abuses – often for issues Lovatt says are a lot less serious than the current situation in Gaza.

“The bottom line is that until now, the EU has treated Israel with a degree of exceptionalism by not taking anywhere near the sort of steps that it has taken in other situations of human rights abuses or territorial annexation,” Lovatt said.

This post appeared first on cnn.com

Jorge Humberto Figueroa Benítez, identified by the United States government as a key member of the “Los Chapitos” criminal organization, died during an operation aimed at capturing him in the Mexican state of Sinaloa, the country’s Secretary of Security and Citizen Protection Omar García Harfuch said Saturday.

The operation against Figueroa Benitez, known by the nickname “El Perris,” took place in Navolato, 32 kilometers (19 miles) from Culiacán, the state’s capital, according to local media.

The US Drug Enforcement Administration (DEA) was offering up to $1 million for Figueroa Benitez, who was wanted for alleged federal crimes, including conspiracy to import and traffic fentanyl, possession of machine guns and destructive devices, and money laundering conspiracy.

In 2019, the city of Culiacán was the scene of a violent episode known as the “Culiacanazo,” which involved violent armed clashes following the temporary capture of Ovidio Guzmán Lopez, one of the sons of Joaquín “El Chapo” Guzmán. Ovidio was later released by Mexican authorities, arguing that it was to “save lives.”

This post appeared first on cnn.com

The once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone.

Last week, Trump said he “had a little problem with Tim Cook,” and on Friday, he threatened to slap a 25% tariff on iPhones in a social media post.

Trump is upset with Apple’s plan to source the majority of iPhones sold in the U.S. from its factory partners in India, instead of China. Cook confirmed this plan earlier this month during earnings discussions.

Trump wants Apple to build iPhones for the U.S. market in the U.S. and has continued to pressure the company and Cook.

“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump posted on Truth Social on Friday.

Analysts said it would probably make more sense for Apple to eat the cost rather than move production stateside.

“In terms of profitability, it’s way better for Apple to take the hit of a 25% tariff on iPhones sold in the US market than to move iPhone assembly lines back to US,” Apple supply chain analyst Ming-Chi Kuo wrote on X.

UBS analyst David Vogt said that the potential 25% tariffs were a “jarring headline” but that they would only be a “modest headwind” to Apple’s earnings, dropping annual earnings by 51 cents per share, versus a prior expectation of 34 cents per share under the current tariff landscape.

Experts have long held that a U.S.-made iPhone is impossible at worst and highly expensive at best.

Analysts have said that iPhones made in the U.S. would be much more expensive, CNBC previously reported, with some estimates ranging between $1,500 and $3,500 to buy one at retail. Labor costs would certainly rise.

But it would also be logistically complicated.

Supply chains and factories take years to build out, including installing equipment and staffing up. Parts that Apple imported to the United States for assembly might be subject to tariffs as well.

Apple started manufacturing iPhones in India in 2017 but it was only in recent years that the region was capable of building Apple’s latest devices.

“We believe the concept of Apple producing iPhones in the US is a fairy tale that is not feasible,” wrote Wedbush analyst Dan Ives in a note on Friday.

Other analysts were wary about predicting how Trump’s threat ultimately plays out. Apple might be able to strike a deal with the administration — despite the eroding relationship — or challenge the tariffs in court.

For now, most of Apple’s most important products are exempt from tariffs after Trump gave phones and computers a tariff waiver — even from China — in April, but Apple doesn’t know how the Trump administration’s tariffs will ultimately play out beyond June.

“We’re skeptical” that the 25% tariff will materialize, wrote Wells Fargo analyst Aaron Rakers.

He wrote that Apple could try to preserve its roughly 41% gross margin on iPhones by raising prices in the U.S. by between $100 and $300 per phone.

It’s unclear how Trump intends to target Apple’s India-made iPhones. Rakers wrote that the administration could put specific tariffs on phone imports from India.

Apple’s operations in India continue to expand.

Foxconn, which assembles iPhones for Apple, is building a new $1.5 billion factory in India that could do some iPhone production, the Financial Times reported Thursday.

Apple declined to comment on Trump’s post.

This post appeared first on NBC NEWS

President Donald Trump on Friday cleared the merger of U.S. Steel and Nippon Steel, after the Japanese steelmaker’s previous bid to acquire its U.S. rival had been blocked on national security grounds.

“This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy,” Trump said in a post on his social media platform Truth Social.

U.S. Steel’s headquarters will remain in Pittsburgh and the bulk of the investment will take place over the next 14 months, the president said. U.S. Steel shares surged more than 20% to close at $52.01 per share after Trump’s announcement.

Pennsylvania Gov. Josh Shapiro applauded the agreement, saying he worked with local, state and federal leaders ‘to press for the best deal to keep U.S. Steel headquartered in Pittsburgh, protect union jobs, and secure the future of steelmaking in Western Pennsylvania.’

In his own statement, Lieutenant Gov. Austin Davis called the announcement ‘promising,’ but added: ‘I want to make sure everyone involved in the deal holds up their end of the bargain. I look forward to seeing the promised investments become a reality and the workers receive everything they’ve fought for.’

President Joe Biden blocked Nippon Steel from purchasing U.S. Steel for $14.9 billion in January, citing national security concerns. Biden said at the time that the acquisition would create a risk to supply chains that are critical for the U.S.

Trump, however, ordered a new review of the proposed acquisition in April, directing the Committee on Foreign Investment in the United States to determine “whether further action in this matter may be appropriate.”

Trump said he would hold a rally at U.S. Steel in Pittsburgh on May 30.

This post appeared first on NBC NEWS

United Airlines reached an “industry-leading” tentative labor deal for its 28,000 flight attendants, their union said Friday.

The deal includes “40% of total economic improvements” in the first year and retroactive pay, a signing bonus, and quality of life improvements, like better scheduling and on-call time, the Association of Flight Attendants-CWA said.

The union did not provide further details about the deal.

United flight attendants have not had a raise since 2020.

The cabin crew members voted last year to authorize the union to strike if a deal wasn’t reached. They had also sought federal mediation in negotiations.

U.S. flight attendants have pushed for wage increases for years after pilots and other work groups secured new labor deals in the wake of the pandemic. United is the last of the major U.S. carriers to get a deal done with its flight attendants.

The deal must still face a vote by flight attendants, and contract language will be finalized in the coming days, United said.

This post appeared first on NBC NEWS

In this insightful overview, Grayson dives into StockCharts’ powerful scanning capabilities. He shows you how to navigate the markets quickly with the sample scan library, and automate your stock screening with the scheduled scans feature.

This video originally premiered on May 23, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

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

My main question going into this weekend was, “Will the S&P 500 finish the week above its 200-day moving average?” And while the S&P 500 did indeed finish the week above this long-term trend barometer, our main equity benchmark is now within the gap range from earlier this month.

We’ll get to that crucial S&P 500 chart a little later, but first, I’d like to explain why gaps matter, why the price action post-gap is so important, and then apply these lessons to the SPX.

The “Gap and Run” Scenario Suggests an Influx of Buyers

One of two things tends to happen after a gap higher within an uptrend phase. The first scenario, which I call a “gap and run” pattern, is when additional buyers come in to push the price even higher.

Microsoft Corp. (MSFT) features this gap and run pattern, with the gap higher on their Q1 earnings report followed by an additional appreciation in price.  Basically, investors are not afraid to accumulate more MSFT, even after the stock gapped up from $395 to $430 overnight.


Did you catch our recent webcast, “Sell in May 2025: Seasonal Strategy or Outdated Myth?” We looked at the performance in May-June-July since the COVID low, then made a comparison between 2025 and the first half of 2022, when a break below the 200-day moving average was a sign of much further deterioration to come.  Check out this excerpt on our YouTube channel!


Shares of Howmet Aerospace (HWM) demonstrated a similar gap and run pattern recently, although this example is perhaps even more significant because the gap took the price to a new all-time high! Again, we can see that additional buyers are coming in and accumulating more HWM, fueling further gains after the gap.

The “Gap and Fail” Pattern Shows a Lack of Willing Buyers

Sometimes, a chart will show a very different path after the gap, forming what I’ve termed a “gap and fail” pattern.  Unlike the previous examples, here you’ll see that a lack of willing buyers causes the stock to quickly reverse lower into the range of the price gap.

In the case of semiconductor producer Monolithic Power Systems (MPWR), the gap higher earlier this month was followed by two additional up days, which propelled the stock above its 200-day moving average. This short-term pop higher was followed by a sudden downside reversal, representing an exhaustion of buyers after the upside gap.

First Solar (FSLR) is demonstrating a similar pattern to MPWR, with a gap higher which pushed the stock just above the 200-day moving average to test the 38.2% Fibonacci retracement level. A couple days later, FSLR was back below the 200-day moving average, followed by further deterioration that eventually closed the gap from earlier in May.

The S&P 500 Could Test Its Own Gap Support

So what do those example charts have to do with the S&P 500? Well, the SPX traded higher for about a week after the upside gap in early May. We’ve drawn a green-shaded range to highlight the gap from around 5725 to 5780. This gap includes the 200-day moving average and also lines up with the late March swing high.

I see the S&P 500 as in a constructive pattern as long as it remains above this price gap range. If we can see an upswing after this week’s pullback, then this could just be a pause within a broader recovery phase for the S&P.

On the other hand, if we see any further price weakness from the major benchmarks next week, then the chart of the S&P 500 will start to look pretty similar to other “gap and fail” charts that confirm a lack of willing buyers. If we do see that downside follow-through next week, we’d expect further deterioration to the 5500 level, representing a 50% retracement of the February to April selloff phase.

RR#6,

Dave

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


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

marketmisbehavior.com

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


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.