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Monica Lewinsky has been welcomed with open arms by the Hollywood elite decades after her affair scandal with then President Bill Clinton in the ’90s.

Lewinsky, who has been in the public eye since 2017, attended George Clooney’s star-studded Broadway premiere of ‘Good Night, and Good Luck’ in New York City on April 3.

While smiling for pictures before the event, Lewinsky wore a strapless, asymmetrical black gown that had ruffle detailing at the bottom. She paired her look with black heels and styled her hair down.

Several A-listers attended Clooney’s big Broadway premiere. Cindy Crawford attended the show with her husband, Rande Gerber, and daughter Kaia.

Hugh Jackman, Uma Thurman, Jennifer Lopez and Julianna Margulies were also photographed at the event. 

Nearly three decades ago, Lewinsky, who was a former White House intern while Clinton was president, had an affair with the former president. Clinton subsequently had an impeachment trial that came about in December 1998.

The president was 49 at the time of the incident. Lewinsky was 22. Following the scandal, Clinton was acquitted. After a few public appearances in an attempt to reinvent herself, Lewinsky disappeared from the spotlight in the mid-2000s.

In 2017, Lewinsky emerged back into the limelight and began writing for Vanity Fair. Now, according to its website, she is a contributing editor. 

‘She is an anti-bullying social activist, global public speaker, and producer with her company, Alt Ending Productions,’ the outlet states. 

Her latest story for the outlet was on March 31, and before that was an article published before the 2024 presidential election.

In January, Lewinsky launched her own podcast, ‘Reclaiming with Monica Lewinsky.’ 

The synopsis of her show states, ‘Every week, I’ll draw from my own unique experiences (like say, surviving a global scandal at 24 years old), and delve into the personal and often messy ways people find their way back to themselves.’

Since launching, Lewinsky has had Olivia Munn, ‘Wicked’ director Jon M. Chu and Tony Hawk on her podcast.

At the 2025 Vanity Fair Oscar party, Lewinsky posed with Munn and her husband, John Mulaney, for a photo.

A month after launching her own podcast, Lewinsky was a guest on the ‘Call Her Daddy’ podcast, which was then topping the charts.

During the appearance in February, podcast host Alex Cooper asked Lewinsky how she thought the media should have covered her scandal in the ’90s.

‘I think that the right way to handle a situation like that would have been to probably say it was nobody’s business and to resign, or to find a way of staying in office that was not lying and not throwing a young person who is just starting out in the world under the bus,’ Lewinsky said.

Beyond her own life falling apart, Lewinsky explained how her scandal affected women everywhere.

‘I think there was so much collateral damage for women of my generation to watch a young woman be pilloried on a world stage, to be torn apart for my sexuality, for my mistakes, for my everything,’ Lewinsky said.

‘I think there was so much collateral damage for women of my generation to watch a young woman be pilloried on a world stage, to be torn apart for my sexuality, for my mistakes, for my everything.’

— Monica Lewinsky

In 2021, Lewinsky told People magazine that she has found the courage to examine what occurred ‘between the most powerful man in the world and an unpaid intern less than half his age.’

‘For me, at 22, there was this combination of the awe of being at the White House, the awe of the presidency and the awe of this man who had an amazing energy and charisma was paying attention to me,’ she explained. ‘I was enamored with him, like many others. He had a charisma to him, and it was a lethal charm, and I was intoxicated.’

‘I think there are a lot of people who might find themselves in these situations,’ she continued. ‘It might be a professor or a boss, your immediate supervisor at your job. We think we’re on his terra firma in our early 20s, and yet we’re really on this quicksand. [You think], I’m an adult now. It didn’t matter that I couldn’t get a rental car without a parental signature.’

At the time, Lewinsky was a producer of ’15 Minutes of Shame’ on HBO Max, which explored cancel culture. Lewinsky insisted she no longer needed an apology from Clinton.

‘If I had been asked five years ago, there would have been a part of me that needed something, that still wanted something,’ she said. ‘Not any kind of relationship, but a sense of closure or maybe understanding. And I feel incredibly grateful not to need any of that.’

Lewinsky told the outlet at the time that she hoped her story would spark discussion about the dynamics between men in power and those without it.

‘As we all came to see, it wasn’t just about losing a job but about the power to be believed, the power to be inoculated from the press, the power to have others smear someone’s reputation in all the ways that work, the power to understand consequence having held many important jobs where this was my first out of college,’ she said.

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The Trump administration has sacked a senior NATO official who was recommended by a conservative research group to be fired as part of a broader effort to purge wokeness from the Pentagon.

Navy Vice Admiral Shoshana Chatfield, the only woman on NATO’s military committee, was dismissed from the alliance over the weekend without explanation, according to multiple reports. She is one of only a handful of female Navy three-star officers and was the first woman to lead the Naval War College, a job she held until 2023.

Chatfield reportedly got a call from Adm. Christopher Grady, the acting chairman of the Joint Chiefs of Staff, and was told the administration wanted to go in a different direction with the job, according to the Associated Press, citing officials. The officials said they believe the decision was made last week by Defense Secretary Pete Hegseth, but it was unclear whether he received any direction from President Donald Trump. Reuters was first to report on her termination.  

It was unclear if her firing was related to any U.S. policy direction on the North Atlantic Treaty Organization.

Trump and Hegseth have been vocal in their insistence that so-called woke policies are dead and have vigorously sought to remove leaders who promoted diversity, equity and inclusion and to erase DEI programs and online content. The U.S. Naval Academy in Annapolis, Maryland, is ditching almost 400 books from its library with DEI content.

In December, the American Accountability Foundation (AAF), a conservative research group, sent a letter to Hegseth with a list of 20 general officers or senior admirals whom it said were excessively focused on Diversity, Equity and Inclusion (DEI) and other similar left-wing initiatives. AAF wrote that focusing on such policies is an impediment to national security and Chatfield was one of eight women who made the list. 

Chatfield made the list due in part to a 2015 speech where she bemoaned that lawmakers in the House of Representatives at the time were 80% males, proclaiming that ‘our diversity is our strength.’ The group said she also quoted a slide from a presentation by the Defense Equal Opportunity Management Institute highlighting ‘Investing in gender equality and women’s empowerment can unlock human potential on a transformational scale.’

Chatfield, a Navy helicopter pilot who also commanded a joint reconstruction team in Afghanistan, had been serving as one of the 32 representatives on NATO’s military committee. The panel is the primary source of military advice to the North Atlantic Council and NATO’s Nuclear Planning Group, according to NATO. It serves as the link between the political decision-makers and NATO’s military structure.

Sen. Mark Warner, D-Va., vice chairman of the Senate Select Committee on Intelligence, said that he was ‘deeply disturbed’ by her sacking while blasting President Donald Trump. 

‘Trump’s relentless attacks on our alliances and his careless dismissal of decorated military officials make us less safe and weaken our position across the world,’ Warner wrote on X.

Senator Jack Reed, D-R.I., the ranking member of the Senate Armed Services Committee, also sounded off on the president for the firing of Chatfield, describing it as ‘disgraceful.’

Admiral Chatfield is among the finest military officers our nation has to offer, and she has distinguished herself as the U.S. Military Representative to NATO. Her 38-year career as a Navy pilot, foreign policy expert, and preeminent military educator—including as President of the Naval War College—will leave a lasting legacy on the Navy and throughout the military. Admiral Chatfield’s record of selfless service is unblemished by President Trump’s behavior.

Reed also called out Republicans for not voicing their displeasure at her sacking, noting that Trump has fired 10 generals and admirals since taking office. It follows Thursday’s removal of General Timothy Haugh, the head of the National Security Agency and U.S. Cyber Command. 

For the Navy, it follows the firing of its top officer, Admiral Lisa Franchetti, the first woman to become Chief of Naval Operations.

‘I cannot fathom how anyone could stand silently by while the President causes great harm to our military and our nation,’ Reed said.

‘I will continue to call out this unconscionable behavior and sound the alarm about the dangers of firing military officers as a political loyalty test. I urge my Republican colleagues to join me in demanding an explanation from President Trump and Secretary Hegseth.’

Reuters and The Associated Press contributed to this report. 

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A conservative energy group has debuted its latest ad as part of a seven-figure campaign supporting President Donald Trump’s ‘all-of-the-above energy’ agenda.

‘You voted for it, you got it, America is booming,’ the 30-second ad from The Restoring Energy Dominance Coalition, a conservative nonprofit organization headed up by former U.S. Secretary of Energy Dan Brouillette and former U.S. Secretary of the Interior David Bernhardt, says.

‘Meeting a quickly growing energy demand with an all-of-the-above approach will make good on President Trump’s promise to restore American energy dominance,’ the ad continues. 

‘Solar and storage, wind, nuclear, oil and gas. All forms of energy, all across the country.’

The ad then cuts to Trump, who says, ‘All forms of energy, yep’, before the ad says, ‘And that means more jobs and higher wages for you.’

‘In America, we show up, we get to work, we win.’

The RED Coalition ad is supported by a six-figure ad buy that will air on broadcast, cable TV and digital platforms. 

This ad is the fourth major television ad launched by the group since the start of this year as part of a broader seven-figure campaign to ‘support the administration’s energy priorities.’

Last month, RED Coalition, along with Trump pollster Tony Fabrizio, put out a polling memo stating that 51% of registered voters are in favor of Trump’s ‘All-of-the-Above Energy agenda,’ as well as 65% of GOP voters.

Trump has vowed to use his second White House term to re-exit the Paris Climate Accord, undo strict emissions standards for vehicles and power plants, and bolster production of U.S. oil and gas, including through fracking, which is the controversial technology by which pressurized fluids are used to extract natural gas from shale rock.

In the days after his victory, industry groups representing the nation’s biggest oil and gas producers told Fox News Digital they have little doubt Trump will make good on these promises in a second term.

‘Energy was on the ballot’ in the 2024 elections, American Petroleum Institute President and CEO Mike Sommers said in a statement.

Fox News Digital’s Breanne Deppisch contributed to this report.

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President Donald Trump on Monday said the situation with Iran is entering ‘dangerous territory’ as he announced his administration would be talking to Iran on Saturday.

While it’s not yet known what the talks will achieve, experts continue to warn that time is running out to not only block Iran’s nuclear program but to utilize existing tools to counter Tehran’s dismissal of international law, a mechanism known as ‘snapback’ sanctions.

‘This is the one time that we have the ability to sort of put new sanctions on Iran where we don’t need Russia and China’s help, and we can just do it unilaterally,’ Gabriel Noronha of the Jewish Institute for National Security of America told Fox News Digital. Noronha is an Iran expert and former special advisor for the Iran Action Group at the State Department.

The ability to employ snapback sanctions on Iran expires Oct. 18, 2025, which coincides with when Russia will lead the United Nations Security Council (UNSC) presidency for its rotational one-month stint. 

The provision for snapback sanctions was enacted under UNSC Resolution 2231, which was agreed to just days after the Joint Comprehensive Plan of Action (JCPOA) was signed in 2015 as a way to ensure that if Iran was found to be violating the nuclear deal, stiff international sanctions could once again be reimposed. 

The JCPOA has increasingly been considered a collapsed agreement after the U.S. withdrew in 2018 under the first Trump administration, followed by increasingly flagrant violations by Iran of the nuclear deal.

This has culminated in the rapid expansion of Tehran’s nuclear program and the assessment by the U.N. nuclear watchdog earlier this year that Tehran had amassed enough near-weapons-grade uranium to develop five nuclear weapons if it were to be further enriched. 

European nations for years have refused to enact snapback sanctions in a move to try and encourage Tehran to come back to the negotiating table and diplomatically find a solution to end its nuclear program. 

Any participant in the JCPOA can unilaterally call up snapback sanctions if Iran is found to have violated the terms of the agreement. But the U.S., which has been calling for snapbacks since 2018, was found by the U.N. and all JCPOA members to no longer be legally eligible to utilize the sanction mechanism after its withdrawal from the international agreement. 

But as Iran continues to develop its nuclear program, the tone among European leaders has also become increasingly frustrated. 

France’s foreign minister last week suggested that if Iran did not agree to a nuclear deal and halt its program, then military intervention appeared ‘almost inevitable.’

‘Iran must never acquire nuclear weapons,’ Foreign Minister Jean-Noel Barrot reportedly told France’s Parliament on Wednesday.

‘Our priority is to reach an agreement that verifiably and durably constrains the Iranian nuclear program,’ he added.

It remains unclear how much longer European nations will attempt to hold out for discussions with Iran, as Trump has said he is becoming fed up with Tehran and has threatened direct military confrontation, even while he has made clear his administration’s willingness to discuss a deal with Tehran.

With France serving as UNSC president in April and the bureaucratic red tape Russia could employ, UNSC members supportive of blocking Iran’s nuclear program must immediately call up snapback sanctions, Noronha said.

‘It takes about six weeks to actually be implemented properly,’ said Noronha, author of ‘Iran Sanctions, U.N. Security Council Resolution 2231, and the Path to Snapback,’ which was released last week. ‘And second, because the distribution of the presidencies and leadership of the U.N. Security Council is weighted towards more favorable leaders right now in the spring before it goes to pretty adversarial leadership in the summer and fall.’

The expert said this is a rare moment for the UNSC, which in recent years has become increasingly ineffective in accomplishing major geopolitical wins because it is generally divided between the U.S., U.K. and France on one side and Russia and China on the other.

A single veto is enough to block a resolution being enacted, and progress in the council has become stagnant following Russia’s invasion of Ukraine. 

But even if Russia objects to reimposing sanctions on Iran, as Tehran has become a close ally of Moscow’s, it actually has very few options for blocking the snapback mechanism that it previously agreed to, so long as at least one other nation actually calls for the sanction tool. 

‘This is the only time this has ever happened at the U.N. before,’ Noronha said. ‘They basically said, when we invoke snapback, what it does is it says U.N. sanctions will automatically return unless there’s a vote by the council to unanimously allow sanctions relief to remain on the books.’

The snapback mechanism would legally enforce all 15 UNSC member nations to reimpose sanctions on Iran, including Russia and any nation that may be sympathetic to Tehran.

If the snapback mechanism expires come October, the U.N.’s hands will likely be tied when it comes to countering Iran’s nuclear program, as it is unlikely any new resolutions on the issue will be able to pass through the council given the current geopolitical climate between the West and Russia.

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 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (‘ FPX ‘ or the ‘ Company ‘) is pleased to announce the extension of the Company’s Global Generative Exploration Alliance (the ‘ Generative Alliance ‘) with Japan Organization for Metals and Energy Security (‘ JOGMEC ‘). Building on strong progress achieved through the first two years of the Generative Alliance, FPX and JOGMEC have agreed to convert the arrangement into an open-ended joint venture going forward. The program will remain focused on the global identification and acquisition of high-quality awaruite nickel properties similar in geological character to the Company’s flagship Baptiste Nickel Project (‘ Baptiste ‘) in central British Columbia .

Highlights

  • Global Generative Exploration Alliance budget established at $1,500,000 for Year Three (covering April 2025 to March 2026 )
  • FPX assumes majority position in the Generative Alliance, contributing 60% of expenditures and thereby securing 60% ownership in new joint venture projects generated by the Generative Alliance going forward
  • With over 2,000 samples collected through ongoing evaluations in ten international and four Canadian jurisdictions, the Generative Alliance has acquired its first Designated Project, with further details on this project expected to be announced in coming months

‘Having made excellent progress during the first two years of our global exploration partnership with JOGMEC, we are excited to have identified and secured the first Designated Project for this joint venture,’ commented Keith Patterson , FPX’s Vice President, Exploration. ‘Ongoing activities continue to reinforce confidence in our targeting strategy, and we look forward to securing and announcing additional large-scale awaruite property acquisitions in the third year of the Generative Alliance.’

A JOGMEC representative commented: ‘JOGMEC is very pleased to proceed with Year Three activities with a view to identifying significant new awaruite deposits, which could be a globally significant, low-carbon, source of nickel for the electric vehicle battery supply chain toward the realization of a carbon-neutral society.’

Funding Structure

In April 2023 , FPX and JOGMEC initiated a Generative Alliance to carry out mineral exploration activities for the identification and acquisition of high-quality awaruite nickel targets on a worldwide basis. The program funding has been structured as follows:

  • Year One ( April 2023 to March 2024 ): JOGMEC funded 100% of the $650,000 budget in Year One.
  • Year Two ( April 2024 to March 2025): FPX and JOGMEC expanded the Year Two budget to $1,500,000 ; after achieving the initial JOGMEC funding commitment, JOGMEC provided 60% of Year Two funding and FPX provided 40%.
  • Year Three ( April 2025 to March 2026 ): FPX will assume a majority position in the Generative Alliance, funding 60% of expenditures with JOGMEC funding 40% going forward.

Designated Projects

Subject to agreement between FPX and JOGMEC, one or more specific targets identified by the Generative Alliance may be advanced to a second phase to be further developed as a separate designated project (‘ Designated Project ‘).  Each Designated Project will have its own work program and budget with the objective of testing and further developing the identified targets.  For each Designated Project identified from April 1, 2025 onward, FPX will own 60% and JOGMEC will own 40% of each Designated Project, and fund approved work programs consistent with its party’s ownership interest.

The Generative Alliance has acquired its first Designated Project. For strategic reasons, the Company is not able to disclose details regarding the location and planned work program for this project at this time; the Company expects to be in a position to disclose specific project information in coming months.

During the first two years of the Generative Alliance, FPX’s exploration team has conducted evaluations and/or sampling programs in ten international and four Canadian jurisdictions. With multiple evaluations ongoing, and further prospective opportunities identified, the program is on track to identify additional Designated Projects in its third year. As and when Designated Projects are confirmed, FPX will provide additional disclosure regarding the location and planned work programs for such Projects.

Qualified Person

Keith Patterson , P.Geo., FPX’s Vice President, Exploration, FPX’s Qualified Person under NI 43-101, has reviewed and approved the scientific and technical content of this news release.

About FPX Nickel Corp.

FPX Nickel Corp.  is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company’s website at https://fpxnickel.com/.

On behalf of FPX Nickel Corp.

‘Martin Turenne’
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered ‘forward-looking information’ within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/07/c8891.html

News Provided by Canada Newswire via QuoteMedia

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Israeli Prime Minister Benjamin Netanyahu is expected to meet President Donald Trump at the White House on Monday, with Washington’s recently imposed global tariffs set to be part of their talks.

‘This meeting comes at a critical moment on many key issues: the efforts to return our hostages being held by Hamas, the instability in Syria and the threats posed by Iranian proxies,’ Israeli Ambassador to the U.S. Yechiel Leiter told Fox News Digital.

‘The recent implementation of tariff policy will also be discussed. Just as Prime Minister Netanyahu was the first world leader to visit President Trump in his second term in the White House, he is now once again the first leader to meet with the president with regard to deepening economic ties and putting trade relations in order,’ he added.

Netanyahu last met with Trump in Washington on Feb. 4. 

In Wednesday’s ‘Liberation Day’ announcement, a 17% tariff on goods imported from Israel – a 10% baseline on all countries that took effect on April 5 and an additional 7% – was scheduled for April 9.

‘The fear is that these tariffs will hurt exports of diamonds as well as high-tech or defense systems like drones. If our income were to be reduced as a result, this would be a problem,’ Alex Coman, a value-creation expert at the Holon Institute of Technology in Israel, told Fox News Digital. 

‘These tariffs came as a surprise. Prior to this decision, there were very few imposed, many products did not have them and Israeli Finance Minister Bezalel Smotrich eliminated those that existed,’ adding, ‘As such, I am very optimistic that these tariffs will be reduced.’

U.S. total goods trade with Israel was an estimated $37.0 billion in 2024, including $14.8 billion in exports, up 5.8% ($813.7 million) from 2023, according to the Office of the United States Trade Representative. U.S. goods imports from Israel totaled $22.2 billion in 2024, up 6.7% ($1.4 billion) from the previous year.

The U.S. trade deficit with Israel was $7.4 billion in 2024, an 8.6% increase ($587.0 million) over 2023.

The Trump administration reportedly calculated the tariff by dividing the trade deficit ($7.4 billion) by the value of imports to America ($22.2 billion) and then essentially halving the figure to reach 17%.

The subject was raised during a phone call between Trump and Netanyahu on Thursday, with Hungarian Prime Minister Viktor Orbán also taking part. The next day, Secretary of State Marco Rubio spoke with the Israeli premier to ‘underscore U.S. support for Israel,’ according to a U.S. readout of the call.

Trump’s move surprised Netanyahu, prompting him to begin efforts to negotiate a reduction of the tariff to 10%. Smotrich also signed an order to eliminate the last remaining Israeli tariffs on the import of primarily agricultural goods from the U.S. 

Jerusalem and Washington signed a free trade deal in 1985, the United States’ first-ever such agreement, and since then some 98% of goods have been traded tax-free.

Netanyahu and Trump will also discuss the war against Hamas in the Gaza Strip along with efforts to free the 59 remaining hostages taken during Hamas’ terrorist attack on Oct. 7, 2023; Turkey’s military intervention on behalf of the new al Qaeda-linked leadership in Syria; the Iranian nuclear threat; and the ongoing battle to thwart the International Criminal Court’s arrest warrants for Israeli leaders, according to the Prime Minister’s Office in Jerusalem.

‘The top issue to be discussed will be Iran because it seems [nuclear] negotiations might begin. I believe Netanyahu will want to caution Trump ahead of time,’ Ariel Kahana, a senior diplomatic correspondent for the Israel Hayom daily newspaper, told Fox News Digital. 

‘We saw the report about the U.S. sending a second THAAD anti-missile battery to Israel on top of equipment America is already sending, and they will want to coordinate all of that together,’ he continued. 

‘They will also talk about the war in Gaza, the hostages and the tariffs, which Netanyahu will try to at least lower. With regards to Turkey, I assume Netanyahu will ask Trump to put some limits on [President Recep Tayyip] Erdogan. It seems that both Israel and Turkey are trying to expand their presence or activities in Syria, and it might reach a point that could lead to a direct military conflict,’ Kahana said.

Upon leaving Hungary on Sunday, Netanyahu told reporters about the importance of his visit to meet with President Trump at the White House on Monday.

‘I can tell you that I am the first international leader, the first foreign leader, who will meet with President Trump on this issue, which is so important to Israel’s economy. There is a very long line of leaders who want to do the same regarding their own economies. I believe this reflects the special personal relationship and the special bond between the United States and Israel, which is so vital at this time,’ Netanyahu said.

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American Water Works (AWK)

Why focus on a utility that isn’t reporting earnings this week? It’s because the biggest question of the week is where should you put your money when markets are in turmoil. Hence, we review American Water. 

Do you want safety with a 2% dividend, a little international exposure, and no tariff implications? Then I give you Jersey’s finest, American Water Works Co, Inc. (AWK). 

Technically, the stock is breaking out to new highs and trying to hold on. If this market sell-off is more prolonged, then this is a good place to hide out and is also a nice diversification for your portfolio. It won’t run like a tech stock, but the risk/reward set-up is favorable. 

Use the $146 level to set stops on the downside with upside targets based on the breakout from this rounded bottom formation at roughly $175. The candle formation put in on Friday to close the week was not ideal but may be worth the risk given the volatility.

And if you like lagging indicators, a “golden cross” formed last week and is another technical reason to look positively on the stock.

Delta Air Lines (DAL)

Delta Air Lines (DAL) shares have nosedived 50% from its January peak as it heads into earnings week. Shares fell 16% when the company slashed its first-quarter outlook in early March.

Delta cited declining consumer confidence amid growing uncertainty over the economy, which resulted in weaker domestic demand. It cut its revenue guide to rise between 3% and 4% compared to an outlook of 7–9%.

Technically, the damage has been done. The stock has been oversold since March and is beginning to show a bullish divergence. In this case, price makes a new low but the RSI does not. Look for a break above 30 in the RSI as a buy signal.

The risk/reward is good but not great. DAL has tested and held a support area just above $35 going back to early 2024. A break and close below $35 and downside risk takes the price to $30. 

A sharp V-shaped rally could happen with good earnings results and positive guidance. That’s a big IF, given the continued air of uncertainty. A small rally could see the stock get back to $44. 

Historically the trends in the airline stocks last for months and are rarely neutral. Follow the trend higher if it changes. Otherwise, a landing lower is likely. 

J.P. Morgan Chase

J.P. Morgan Chase (JPM) will be one of the most watched earnings of the quarter. Not only is it one of the largest weighted financial stocks in the world, but its CEO, Jamie Dimon, isn’t one to mince words. 

Shares have fallen 25% from its February 9 peak as the market has corrected in the face of tariff uncertainty and a global trade war. Dimon has been somewhat quiet but is always one to give a great sound bite or two, come the conference call. 

Technically, we have a problem

Shares have broken a 16-month uptrend. The stock price breached its 50-day moving average in March, then failed to recapture it—old support became resistance. After one successful test of its rising 200-day moving average, the stock broke through it last week with some vigor. 

On a rally, look for that 200-day moving average at $228 to become resistance. The sellers are now in charge until something changes. To the downside, we have a target of $180 based on a head and shoulders topping pattern as outlined above. 

The stock market hoped for curtailment of tariffs on Wednesday, but that didn’t happen. Even the better-than-expected March non-farm payrolls weren’t enough to turn things around.

The stock market slid sharply with the S&P 500 ($SPX), Nasdaq Composite, and Dow breaking through key technical support levels and closing very close to the low of the day’s range.

The StockCharts MarketCarpets was a sea of deep red with a few small green islands. All S&P sectors were trading lower on Friday. 

The selloff was across the board and precious metals, which soared in the early part of the week, got slammed after the tariff announcement. When investors sell off equities and precious metals, it’s a sign of elevated fear, which is reflected in the spike in the Cboe Volatility Index ($VIX). It closed at 45.12, close to its high of 45.56.

Not a Pretty Picture

The adage, “The stock market takes the stairs up and the elevator down,” rings true. Unfortunately, things got ugly quickly. It’s a volatile environment, and if your portfolio includes mostly equities, you’re probably beside yourself. But it’s not time to let your emotions get the better of you. Neither is it the time to engage in dip buying. If you look at any chart of the market, it’s clear which direction the market is heading. 

The three-year weekly chart of the S&P 500 ($SPX) below shows the index has dropped below its August lows. 

FIGURE 1. THREE-YEAR WEEKLY CHART OF THE S&P 500 INDEX. It was a rough week in the stock market with the S&P 500 closing below its 100-week simple moving average. Chart source: StockCharts.com. For educational purposes.

In March, the S&P 500 crossed below its 40-week simple moving average (SMA), the equivalent of the 200-day SMA. Wednesday’s tariff announcements sent the index even lower, breaching its 100-week SMA, approximately a two-year average. Another concerning point is that Friday’s close is below the August 2024 low. This increases the probability of the index dropping further, perhaps as low as its 150-week SMA. But then again, you never know what the market is going to do. 

A smart investor is always engaged with the market in good times and bad. It’s important to observe the price action at key support levels to get an insight into when buyers come back into the market. 

Looking at Market Breadth 

The Bullish Percent Index (BPI), a breadth indicator that gives a bird’s eye view of the internals of different indexes and sector ETFs, isn’t encouraging, at the moment. The only sectors or indexes at or above 50, as of this writing, are the S&P Consumer Staples Sector BPI ($BPSTAP) and the S&P Utilities Sector BPI ($BPUTIL). Despite the slightly bullish values, the corresponding ETFs are trading below their 50-day SMA. 

The chart below displays $BPUTIL with the chart of the Utilities Select Sector SPDR Fund (XLU). Even though the BPI of the Utilities sector is above 50, it’s still trending lower and XLU just crossed below its 50-day SMA.

FIGURE 2. THE UTILITIES SECTOR IS ONE SECTOR WITH A BPI OVER 50. While a BPI over 50 indicates bulls are in favor, the chart of XLU has fallen below its 50-day SMA. Generally, breadth is leaning towards bearishness. Chart source: StockCharts.com. For educational purposes.

Sellers are in control across the board. The key will be to identify when buyers are in favor. And for that, you need to monitor the BPI and other breadth indicators.  

Investor sentiment got overly bearish quickly. When this occurs, investors usually look for signs of capitulation. We’re not seeing those signs yet, but it’s worth adding sentiment indicators to your toolkit. 

Sentiment Check

At some point, the selling will stop and buyers will come back in. The worst action to take now is to enter positions when you think the market has hit its low, only to catch a falling knife.

When markets are at extreme levels of fear or greed, sentiment indicators such as the VIX can be helpful. Besides the VIX, the American Association of Individual Investors (AAII) Sentiment Survey helps identify when investors are extremely optimistic or pessimistic. Generally, when emotions reach extreme levels, it may be an alert to move in the opposite direction of the crowds.

The five-year weekly chart below displays the S&P 500 with the AAII bullish minus bearish sentiment in the lower panel.

FIGURE 3. S&P 500 AND BULLISH VS. BEARISH SENTIMENT. Bearish sentiment is relatively high and the S&P 500 could fall if the bearish sentiment persists. Chart source: StockCharts.com. For educational purposes.

The lower panel shows that investor sentiment is negative, similar to between April 2022 and September 2022. Note how the market went through a correction before resuming its uptrend. 

The price action in the S&P 500 coincides with extreme bearish sentiment and could remain this way for an extended period. How will you know if sentiment has reached extreme levels? It can be challenging but constant monitoring of market breadth and sentiment indicators can reveal a shift in behavior. When buyers come back in, the indexes break above resistance levels, and momentum indicators turn bullish, there’s a chance the bullish trend will resume. 

The Bottom Line  

Investors should stay on the sidelines until the unwinding of positions is in the rearview mirror. As painful as it may be to watch your portfolio lose value, at some point the selling will stop and buyers will get back in. Look for signs of this occurring before adding any positions to your portfolio. Congratulations to investors who followed the traditional 60% stocks, and 40% bonds portfolio mix. Rising bond prices provide some cushion to falling equity prices. 


End-of-Week Wrap-Up

  • S&P 500 down 9.08% on the week, at 5074.08, Dow Jones Industrial Average down 7.86% on the week at 38314.86; Nasdaq Composite down 10.02% on the week at 15,587.79.
  • $VIX up 109.28% on the week, closing at 45.31.
  • Best performing sector for the week: Consumer Staples
  • Worst performing sector for the week: Energy
  • Top 5 Large Cap SCTR stocks: Corcept Therapeutics, Inc. (CORT); Elbit Systems, Ltd. (ESLT); MicroStrategy, Inc. (MSTR); Palantir Technologies, Inc. (PLTR); XPeng, Inc. (XPEV)

On the Radar Next Week

  • Earnings season kicks off with Delta Air Lines, Inc. (DAL), J.P. Morgan Chase (JPM), Wells Fargo (WFC), and others reporting
  • March CPI
  • March PPI
  • FOMC minutes
  • Several Fed speeches

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 previous week was short; the Indian markets traded for four days owing to one trading holiday on account of Ramadan Id. However, while staying largely bearish, the markets weathered the storm inflicted by the US announcing reciprocal tariffs on almost everyone and kicking off a serious trade war. The Indian markets stayed extremely resilient but ended the week on a negative note. The Index moved in the range of 707.70 points over the past four sessions. The volatility also rose; the India VIX surged 8.16% on a weekly basis to 13.76. The Indian benchmark Index closed with a net weekly loss of 614.90 points (-2.61%).

The equity markets across the world are likely to stay under pressure and in a bit of turmoil. However, the Indian markets are likely to remain relatively resilient. We live in an interconnected world; it is not surprising if we see the markets staying under pressure along with the other equity markets. However, what is expected to stand out will be the Indian market’s expected relative outperformance. This was evident over the previous week as while the Nifty and Nifty 500 lost 2.61% and 2.50%, the US key indices SPX, Nasdaq, and the Dow lost 9.08%, 10.02%, and 7.86%, respectively. While India’s VIX spiked just over 8%, the CBOE VIX has spiked 109.14% on a weekly basis. While the Indian markets may also show jitters and stay under pressure, this relative outperformance is likely to persist.

The coming week is again short, with Thursday being a trading holiday for Shri Mahavir Jayanti. The markets are expected to start lower on Monday following global weakness. Over the coming week, we can expect the levels of 23050 and 23300 to act as potential resistance points. Importantly, the supports are expected to come in at 22600 and 22450.

The weekly RSI is at 44.93; it stays neutral and does not show any divergence against the price. The weekly MACD is bearish; however, the sharply narrowing Histogram hints at a likely positive crossover in the future. A strong black-bodied candle showed the sustained downward pressure on the markets.

The pattern analysis of the weekly chart shows that after rebounding off the 100-week MA, the Nifty staged a strong rally that halted at the 50-week MA. This MA is placed at 23849; this was the support that the Index had violated on its way down, and now acts as a resistance. The previous week also saw the Nifty slipping below the 20-week MA positioned at 23412. While the Index stays in a secondary trend, it remains in a large but well-defined trading range that is created between 23400 on the upper side and 22100 on the lower side.

Despite being short, the coming week is expected to see a wider trading range and some more volatility staying ingrained in it. It is strongly recommended that while the valuations look tempting enough to initiate buying, all fresh buying should be done in a staggered manner. One must not go out and buy everything all at once, but one should do it in a staggered way while allowing the prices to stabilize and indicate a potential reversal point. Leveraged positions must be kept at modest levels, and fresh purchases must be kept limited to the places where there is emerging relative strength. A cautious approach is advised for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.

Relative Rotation Graphs (RRG) show the Nifty Bank and Financial Services indices are rolling strongly inside the leading quadrant. Besides these two indices, the Nifty Commodities, Metal, Infrastructure, and Services Sector Indices are also inside the leading quadrant.

The Nifty Pharma Index is the only one inside the weakening quadrant.

The Nifty IT Index has rolled inside the lagging quadrant and is languishing inside that quadrant along with the Nifty Midcap 100 index. The Nifty Realty and the Media Index are also in the lagging quadrant; however, they are improving relative momentum against the broader markets.

The Nifty PSE and Energy Indices are inside the improving quadrant along with the PSU Bank index, which is seen as strongly improving its relative momentum. The FMCG, Auto, and Consumption Indexes are also inside the improving quadrant but are seen rolling towards the lagging quadrant again while giving up on their relative momentum against the broader markets.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

How low can the S&P and the Nasdaq fall? More importantly, how can an investor navigate this volatile environment?

In this eye-opening video, Mary Ellen McGonagle delves into the stock market’s fall, identifies key support levels, and compares them to past bear markets. She also discusses inverse ETFs and their past price action. Don’t miss out on these key technical points. They will help you identify when the market is getting ready to reverse.

The video was originally published on April 4, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

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