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FBI Director Kash Patel took to social media on Tuesday to condemn a former Coast Guard officer who was arrested for allegedly threatening to assassinate President Donald Trump, which Patel claimed resulted, in part, from a ‘destructive’ Instagram post shared earlier this year by his predecessor, former FBI director James Comey. 

‘This is a guy who threatened President Trump’s life using the ‘86 47’ language,’ Patel said of Peter Stinson, the former Coast Guard official who was charged with making threats to kill the president. Stinson, who served from 1988 to 2021 in the Coast Guard – where he held roles as a sharpshooter and FEMA instructor – will appear in federal court for the first time on Wednesday.

Stinson appears to have made multiple, graphic threats against President Donald Trump, according to court documents, including 13 references to the ’86 47′ message shared in a now-deleted Instagram post by former FBI director James Comey. 

Comey in May posted a photo of shells arranged in the sand with the number ’86 47′ on Instagram. The post, which he deleted hours later, prompted backlash, including from Trump himself, and sparked at least two interviews with the Secret Service, as Comey later detailed.

The former FBI director has said in multiple public interviews since that he did not have any dark intentions in sharing the photo and that his wife had associated it with her time as a restaurant server to mean taking something off the menu. 

According to Merriman Webster, ’86’ is slang that can mean ‘to throw out,’ ‘to get rid of’ or ‘to refuse service to.’ Trump, of course, is the 47th president. 

‘I regret the distraction and the controversy around it,’ Comey said of the incident on MSNBC. ‘But again, it’s hard to have regret about something that, even in hindsight, looks to me to be totally innocent.’ 

Comey is not currently under investigation for the post and has said that neither he nor his wife, who was with him at the time, believed it had any nefarious meaning.

Still, the Comeys’ repeated public statements and his compliance with Secret Service personnel have done little to assuage some Trump administration officials, including Patel, who now has Comey’s former job. 

‘Tragically, this case was predictable,’ Patel told Fox News Digital on Tuesday in regard to Stinson’s alleged threats. 

‘When former Director Comey first pulled his destructive Instagram stunt, it forced the FBI to pull numerous agents off of critical portfolios, taking key personnel away from important initiatives protecting the American people to deal with an overwhelming number of copycats following Comey’s lead and posting threatening messages against the president of the United States,’ Patel said.

‘Thankfully, law enforcement did excellent work preventing a potential violent actor, and we’ll continue to be on guard,’ he added.

Stinson is a Northern Virginia resident, and while it is unclear to what degree Stinson was influenced by the Comey Instagram post or the resulting media coverage of it, court documents show that many of Stinson’s threats were posted long beforehand, including in the run-up to Election Day and during the 2024 presidential campaign. 

Stinson, a ‘self-identified’ member of Antifa, made at least one threat appearing to invoke the July 13 assassination attempt against Trump while he campaigned in Butler, Pennsylvania.

‘Those secret service agents moved very slowly,’ Stinson said in a post at the time. ‘They left him in the open way to (sic) long. A missed opportunity will not come around again. They will teach this to future agents as a failure to protect and act.’ 

In February, Stinson posted on his X account, ‘Sure. This is war. Sides will be drawn. Antifa always wins in the end. Violence is inherently necessary.’ 

The most recent post referenced in the document was published on BlueSky on June 11, when Stinson allegedly wrote, ‘When he dies, the party is going to be yuge.’

Comey did not immediately respond to Fox News Digital’s request for comment on Patel’s remarks nor on any role that the Instagram post in question may have inadvertently played in the case.

News of Stinson’s arrest comes after a federal grand jury indicted a San Bernardino County, California, man just weeks earlier for allegedly threatening to assassinate then-President-elect Donald Trump after he was elected to a second White House term.

‘This defendant is charged with threatening the life of our President – a man who has already survived two deranged attempts on his life,’ Attorney General Pam Bondi said at the time.

‘The Department of Justice takes these threats with the utmost seriousness and will prosecute this crime to the fullest extent of the law,’ Bondi added.

Fox News Digital’s Andrea Margoli contributed to this report.

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 The Chairman of the Senate Foreign Relations Committee has lashed out at China, Russia and Iran for threatening U.S. national security interests in Africa in exclusive comments to Fox News Digital.

In a wide-ranging interview, Sen. Jim Risch, R-Idaho, discussed the Trump administration’s approach to Africa, highlighting terrorism, war and concerns over trade on the continent. Risch emphasized the importance of Africa to the U.S. 

‘The economic opportunities in Africa cannot be understated, and the United States needs to have a seat at the table regarding trade and investment in the region,’ he said. ‘At the same time, there are serious national security challenges we need to address head on to include terrorism, widespread conflicts affecting regional stability, migration and trafficking.’

Russia, China and Iran have been criticized by Risch as being ‘malign actors’ in Africa, accused of military interventions, exploitative trade practices, and in Iran’s case, reported to be working on an agreement to extract refined ‘yellowcake’ uranium for its controversial nuclear program.

‘The malign actions of China and Russia, and even regional actors like Iran, are serious challenges to our national security interests in Africa,’ Risch said. ‘Countering the influence of these aggressors is as much about the U.S. pursuing greater partnerships with African states as it is about responding to the challenges put forward by countries like Russia and China in Africa.’

Risch weighed in on the role of the U.S. military on the continent, saying it ‘is to protect the American people, first and foremost, and that goal should remain the same in Africa. We have serious security threats in Africa, and we must take them seriously. Remember, Osama bin Laden hid in Sudan, bombed our embassies there, and planned his 9/11 attack.’

Then there’s the question of Islamist terror. Risch said he was ‘concerned about the spread of Islamist militants throughout parts of Africa, and has supported efforts to work with countries to help them get this situation under control.’

He added, ‘I am mindful that it is ultimately not up to us to confront this problem, and we have to stop being the only major player providing international support. Others, including African nations, must do more.’

Washington has Somalian terror clearly on its radar. In banning Somalians from entering the U.S. earlier this month, a White House proclamation stated, ‘The United States Government has identified Somalia as a terrorist safe haven.’

Al-Qaeda and Islamic State-affiliated terrorists operate openly. The U.S. military, through its Africa Command, has ramped up action against the groups since President Trump took office. So far this month, the U.S. has already carried out six air strikes against Islamic State in Somalia.

‘I have advocated so strongly for the United States to build an approach that relies less on a central government partner that has not delivered, and more on partners in Somalia and the region to bring about effective counterterrorism gains.

‘Fortunately, President Trump’s Africa policy has already shown he thinks outside the box, as demonstrated by the handling of recent airstrikes on Somalia with less hand-wringing, and more direct and decisive action.’

In Sudan, Russia and Iran have been fingered as protagonists pushing military agendas and war. An estimated 150,000 have been killed, and more than 12 million displaced, since civil war broke out in April 2023.

‘The war in Sudan must end, and the partition of the Sudanese state must be prevented. This is the worst humanitarian disaster in the world, and a playground for malign actors backing both sides,’ he said.

On President Donald Trump’s spearheading of efforts to bring peace to the Eastern part of the Democratic Republic of Congo. Risch said, ‘I know this administration is working hard to secure a deal between DRC and Rwanda that will end the fighting. America must serve as a counterweight to China’s critical minerals deals in the region, but can’t fully do so until the region is more stable.’

In South Africa, government ministers continue to meet with senior Russian, Chinese and Iranian officials. The African National Congress political party, which South African President Cyril Ramaphosa is the leader of, has hosted officials from the Hamas terror group. Yet the country benefits from duty-free benefits for products like cars and fruit in the U.S. under the African Growth and Opportunity Act, AGOA, and other trade deals.

Risch told Fox News Digital, ‘I have consistently raised national security concerns about South Africa’s AGOA eligibility. AGOA is set to expire later this year, and President Trump’s current tariff regime already overrides many of its benefits. I remain critical of the South African government’s posture, which is why I applauded Secretary Rubio’s decision not to allow U.S. representation at the G20.’

In November, South Africa is due to hand over the chairmanship of the G20 to the U.S. But at this time Washington is not sending a single official to the handover ceremony.

Fox News Digital reached out to the South African government, but received no response.

This post appeared first on FOX NEWS

President Donald Trump’s business organization has announced the creation of a new wireless phone service that will carry the president’s name.

Trump Mobile, as the service will be known, will soon be available for what Donald Trump Jr. described as “real Americans” seeking “true value from their mobile carriers.” The eldest of Trump’s children, who serves as executive vice president of the Trump Organization, which runs the president’s businesses, made the remarks at a press event in New York City on Monday morning alongside his brother Eric Trump, who also oversees the Trump Organization.

According to the TrumpMobile.com website, the plan starts at $47.45 a month, reference to the elder Trump having served as the 45th and 47th president.

By comparison, Boost Mobile and Verizon’s Visible offer similar unlimited service for $25 per month. T-Mobile and Spectrum offer unlimited plans for $30.

Users can change to Trump Wireless while still keeping their existing phones. At the same time, the Trump Organization is also rolling out a $499 gold-colored phone, dubbed the T1, later this year as part of the service’s launch.

The announcement represents another example of the unprecedented line-blurring the president has undertaken by running the country while his branded business ventures continue to operate and make millions.

Late Friday, the president filed financial disclosure forms for 2024 showing hundreds of Trump-branded business ventures in operation as of last year. The Trump Organization, the main corporate entity run by the president’s family, earned more than $57 million from sales of digital tokens launched by its World Liberty Financial cryptocurrency platform. Trump has aggressively wielded the powers of the executive office to threaten businesses whose policies he does not support.

The launch of a wireless phone is a particularly striking case, since it comes as the president seeks to bring more production of electronics, including smartphones, to the United States. Trump has explicitly threatened Apple with tariffs for not making its iPhones stateside. Trump has sought to exert a strong influence over the heavily regulated telecom industry through Brendan Carr, the attorney Trump appointed to lead the Federal Communications Commission. Carr has cited traditional carriers for allegedly abusing workforce diversity requirements and censoring conservative voices.

The White House referred a request for comment to the Trump Organization. It did not respond to a follow-up query asking whether the president planned to use his own branded wireless service or the T1 phone.

According to its website, Trump Mobile is “powered” by Liberty Mobile Wireless. Florida state business records indicate Liberty Mobile was first registered in 2018 by its president and CEO, a Miami-area entrepreneur named Matthew Lopatin. He did not respond to an emailed request for comment.

Representatives for the three major U.S. phone carriers did not respond to requests for comment.

Trump Mobile’s T1 PhoneTrump Mobile

According to its website, Trump Mobile users would be able to receive telemedicine on their phone, roadside assistance and unlimited texting to at least 100 countries.

The service and phone are not actually made by the Trump Organization. The company is licensing the president’s name to a wireless service that is supported by the three major U.S. phone carriers. In a separate appearance with Fox Business host Maria Bartiromo’s “Mornings with Maria” show Monday, Eric Trump said the phones would also be made in the U.S. but did not state the manufacturer. He also said the service’s call center would be based in St. Louis.

The announcement appears to echo one made earlier this month by the trio of actor-hosts of the popular “SmartLess” podcast, who said they were launching their own wireless service by purchasing network capacity from T-Mobile.

Another actor, Ryan Reynolds, has invested in Mint Mobile, which also uses T-Mobile’s network. Both Mint and SmartLess have been pitched as value services for users who don’t have need for unlimited data.

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It took 11 years since Facebook acquired it for $19 billion, but Meta is finally bringing ads to WhatsApp, marking a major change for an app whose founders shunned advertising.

Meta announced Monday that businesses will now be able to run so-called status ads on WhatsApp that prompt users to interact with the advertisers via the app’s messaging features. The ads will only be shown to users within WhatsApp’s “Updates” tab to separate the promotions from people’s personal conversations. Additionally, Meta will begin monetizing WhatsApp’s Channels feature through search ads and subscriptions.

The debut of ads on the messaging app represents a significant step in Meta CEO Mark Zuckerberg’s plans to make WhatsApp “the next chapter” in his company’s history, as he told CNBC’s Jim Cramer in 2022. The move to monetize WhatsApp also comes amid Meta’s high-profile antitrust case with the Federal Trade Commission over the company’s blockbuster acquisitions of the messaging app and Instagram.

Already, Meta allows advertisers to run so-called click-to-message ads on Facebook and Instagram that steer users to WhatsApp where they can directly engage with businesses. Messaging between brands and consumers “should be the next pillar of our business,” Zuckerberg told analysts in April, adding that WhatsApp now has over 3 billion monthly users, including “more than 100 million people in the U.S. and growing quickly there.”

Now, companies can run those kinds of ads within WhatsApp itself. The new status ads appear in a user’s Updates tab within that tab’s “Status” feature that can be used to share pictures, videos and text that vanish after 24 hours, akin to Instagram Stories.

Since Meta bought WhatsApp in 2014, the popular messaging app has continued to grow worldwide. But unlike Facebook, Instagram and most recently Threads, WhatsApp has never allowed advertising.

WhatsApp’s co-founders, Jan Koum and Brian Acton, were public in their scorn for the advertising industry, and the duo left Facebook after reportedly clashing with executives who were eager to inject the app with advertising and other practices they shunned.

The social media company does not reveal WhatsApp’s specific sales, but analysts have previously estimated the app’s revenue to be between $500 million and $1 billion from charging businesses for tools and services so they can message customers on the app.

Meta will “use very basic information” to recommend which ads to show WhatsApp users, Nikila Srinivasan, Meta’s head of product for business messaging, said Friday. This includes a person’s country, city, device, language and data like who they follow or how they interact with ads.

The company debuted WhatsApp’s Updates tab in June 2023 along with an accompanying Channels feature that allows people and organizations to send broadcast messages and updates to their followers as opposed to personal conversations. Meta will also monetize the Channels feature, the company said Monday.

Organizations and people who are Channel administrators will now be able to spend money to boost the visibility of their respective Channels when a person searches for them via a directory, similar to ads on Apple’s and Google’s app stores.

Additionally, channel administrators will be able to charge users monthly subscription fees to access exclusive updates and content, Meta said Monday. The company will not immediately make money from those monthly subscription fees, but it plans to eventually take a 10% cut of those subscriptions, a spokesperson said.

Meta hopes that by limiting its new ads to WhatsApp’s Updates tab it will disrupt users as little as possible, Srinivasan said. Users’ status updates as well as personal messages and calls on WhatsApp will remain encrypted, she said.

“We really believe that the Updates tab is the right place for these new features,” Srinivasan said.

This post appeared first on NBC NEWS

Iran warned that the United States joining forces with Israel would mean an ‘all-out war,’ as Israel bombarded sites overnight that it says would have allowed Iran to continue enriching uranium, as well as attack Israeli forces.

‘Any American intervention would be a recipe for an all-out war in the region,’ Iranian Foreign Ministry spokesman Esmail Baghaei warned Wednesday during an interview with Al Jazeera English.

He did not elaborate, but thousands of American troops are based in nearby countries within range of Iran’s weapons. The U.S. has threatened a massive response to any attack.

Another Iranian official apparently ruled out demands for the country to give up its disputed nuclear program.

Iran’s ambassador to Geneva, Ali Bahreini, told reporters that Iran ‘will continue to produce the enriched uranium as far as we need for peaceful purposes.’

He rejected any talk of a setback to Iran’s nuclear research and development from the Israeli strikes, saying, ‘Our scientists will continue their work.’

Israeli warplanes pounded Tehran overnight and into Wednesday as Iran launched a small barrage of missiles at Israel with no reports of casualties, according to the Associated Press.

Israel says it launched the strikes to prevent Iran from building a nuclear weapon, after talks between the United States and Iran over a diplomatic resolution had made little visible progress over two months but were still ongoing. 

President Donald Trump has said Israel’s campaign came after a 60-day window he set for the talks.

Iran has long insisted its nuclear program was peaceful, though it is the only non-nuclear-armed state to enrich uranium up to 60%, a short, technical step away from weapons-grade levels of 90%. U.S. intelligence agencies have said they did not believe Iran was actively pursuing the bomb, according to the AP. Israel is believed to be the only country in the Middle East with nuclear weapons but has never publicly acknowledged them.

The Israel Defense Forces (IDF) said Wednesday that it eliminated Ali Shadmani, identified as Iran’s ‘wartime chief of staff,’ overnight. Shadmani held the role for only four days before meeting the same fate as his predecessor, spokesperson Brig. Gen. Effie Defrin said in a video statement Wednesday. 

‘We have delivered significant blows to the Iranian regime, and as such, they have been pushed back into central Iran,’ Defrin said. ‘They are now focusing their efforts on conducting missile fire from the area of Isfahan. We are aiming at military targets, they are attacking civilian homes.’

‘While we are working to remove threats from Iran, we are still fighting their proxy, Hamas in Gaza, who is still holding 53 of our hostages in brutal conditions,’ he added. ‘We will not rest until they are returned home.’  

More than fifty Israeli Air Force (IAF) fighter jets conducted three waves of strikes over three hours in an extensive operation Tuesday night, hitting an Iranian centrifuge production site ‘that was intended to enable the regime to continue to enhance its uranium enrichment,’ Defrin said in another statement Wednesday. ‘This complements actions from previous operations we have conducted targeting components of the nuclear program.’ 

Israeli forces have struck over 1,100 different components across Iran as of the sixth day of the conflict, Defrin said.

He said IAF jets also struck several weapons and missile production sites in Tehran. On Wednesday morning, Israeli aircraft identified and struck five Iranian AH-1 attack helicopters located at Kermanshah airport.

‘We have clear goals and objectives: removing the existential threat to the State of Israel, significantly impairing the nuclear program in all its components, and inflicting substantial damage to the missile array,’ Defrin said. 

The IDF said it identified around thirty launches fired from Iran towards Israeli territory in two barrages Tuesday night. 

‘Most of them were intercepted, and there were no casualties. I know these are complex days, but we cannot afford complacency,’ Defrin said, warning Israelis to strictly adhere to home-front safety guidelines. 

Trump initially distanced himself from Israel’s surprise attack on Friday that triggered the conflict, but in recent days has hinted at greater American involvement, saying he wants something ‘much bigger’ than a cease-fire. 

The U.S. has also been shifting assets to the Middle East, including sending more warplanes to the region.

Trump said in social media posts on Wednesday that the U.S. knows where Iran’s Supreme Leader is but would not kill him, for now. He also called for the ‘complete surrender’ of Iran.

‘We now have complete and total control of the skies over Iran,’ Trump wrote. 

Fox News’ Stephanie Simon and the Associated Press contributed to this report. 

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Senate Republicans are gearing up for the first full-scale congressional hearing into the alleged cover-up of former President Joe Biden’s cognitive decline.

Senators John Cornyn, R-Texas., and Eric Schmitt, R-Mo. will co-chair a Senate Judiciary Hearing Wednesday that delves into ‘what exactly went on’ during Biden’s term and why the constitutional power to remove him from office wasn’t triggered.

Cornyn said on the Senate floor that one of the main goals of the hearing was to shine a light on what happened behind the scenes during landmark moments of Biden’s presidency, ‘from the Biden border crisis to the disastrous results from the withdrawal in Afghanistan.

‘And it’s now clear that for many months — no one knows exactly how long — the president was simply not up to the task,’ he said. ‘Whoever happened to be making those decisions and carrying out the duties of the Office of President was not somebody who was authorized by the Constitution or by a vote of the American people.’

Cornyn and Schmitt’s hearing, first announced late last month, will be held after the release of the book ‘Original Sin’ by CNN host Jake Tapper and Axios reporter Alex Thompson, which alleges the Biden White House was trying to control the narrative about the former president’s health and that his allies worked to cover up his decline.

The hearing, ‘Unfit to Serve: How the Biden Cover-Up Endangered America and Undermined the Constitution,’ features a trio of witnesses called by the Senate Republican duo who served during President Donald Trump’s first term and during the Reagan and Bush years.

Among the Republicans’ witnesses are Theodore Wold, who formerly served as acting assistant attorney general in the Office of Legal Policy at the Justice Department and deputy assistant to the president for domestic policy during the Trump administration; Sean Spicer, former White House press secretary and communications director; and John Harrison, a legal scholar from the University of Virginia School of Law who previously served during former the Reagan and Bush administrations.

Wold and Harrison told Fox News Digital their testimony would focus on Biden’s alleged usage of an autopen, a device that is used to automatically mimic a person’s signature, typically used signing of numerous documents, and how the usage of the device may have acted as a smokescreen to prevent the triggering of the 25th Amendment.

Biden has rejected assertions by lawmakers and Trump that he habitually used an autopen. Trump recently ordered Attorney General Pam Bondi to open an investigation into whether the former president’s aides ‘abused the power of Presidential signatures through the use of an autopen to conceal Biden’s cognitive decline.’

Spicer’s testimony will focus on the media’s treatment of Trump compared to Biden during their respective first terms and how some media outlets were allegedly ‘silent’ when it came to signs of the ex-president’s decline.

Democrats on the panel did not call any witnesses.

The top-ranking Democrat on the committee, Sen. Dick Durbin, D-Ill., contended that Cornyn and Schmitt were wasting the panel’s time with their endeavor.

‘We have so many important topics to consider, and this is a totally political undertaking by several of my colleagues,’ he said. ‘It is a waste of the Senate Judiciary Committee’s time.’ 

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Kraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any new products in the U.S. containing those ingredients.

The company said in a release that about 10% of its U.S. items use FD&C colors, the synthetic additives that make many foods more visually appealing. Kraft Heinz brands that sell products with these dyes include Crystal Light, Kool-Aid, MiO, Jell-O and Jet-Puffed, according to a Kraft Heinz spokesperson.

The company removed artificial colors, preservatives and flavors from its Kraft macaroni and cheese in 2016 and its Heinz ketchup has never used artificial dyes, according to Pedro Navio, North America president at Kraft Heinz. It is unclear how removing the dyes will affect the company’s business, as consumers could perceive the products as healthier but also may be less drawn to duller colors.

Cases of Kool-Aid Jammers are stacked at a Costco Wholesale store in San Diego on April 27, 2025.Kevin Carter / Getty Images

The decision follows pressure from the U.S. Food and Drug Administration and Department of Health and Human Services, led by Secretary Robert F. Kennedy Jr., for the food industry to pull back on artificial dyes as part of a larger so-called Make America Healthy Again platform.

The FDA in April announced a plan to phase out the use of petroleum-based synthetic dyes by the end of next year and replace them with natural alternatives. Besides the previously banned Red No. 3, other dyes that will be eliminated include red dye 40, yellow dye 5, yellow dye 6, blue dye 1, blue dye 2 and green dye 2, FDA Commissioner Marty Makary said at the time.

Kennedy said at the time that the FDA and the food industry have “an understanding,” not a formal agreement, to remove artificial dyes. The Health and Human Services secretary discussed removing artificial food dyes during a meeting in March with top food executives from companies including Kraft Heinz, PepsiCo North America, General Mills, WK Kellogg, Tyson Foods, J.M. Smucker and the Consumer Brands Association, the industry’s top trade group.

A spokesperson for Kraft Heinz said on Tuesday that the company looks forward to partnering with the administration “to provide quality, affordable, and wholesome food for all.”

Momentum against food dyes had been building for years. In January, before President Donald Trump and Kennedy took office, the FDA announced a ban on the use of Red No. 3 dye in food and ingested drugs. The dye gives many candies and cereals their bright red color, but is also known to cause cancer in laboratory animals. The FDA allowed Red No. 3 to be used by food manufacturers for years, though the state of California had already banned the dye in 2023.

Kraft Heinz said in the release Tuesday that it has made more than 1,000 recipe changes over the past five years to improve product nutrition.

“The vast majority of our products use natural or no colors, and we’ve been on a journey to reduce our use of FD&C colors across the remainder of our portfolio,” Navio said. “Above all, we are focused on providing nutritious, affordable and great-tasting food for Americans and this is a privilege we don’t take lightly.”

This post appeared first on NBC NEWS

In this video, Mary Ellen spotlights breakouts in Energy and Defense, Technology sector leadership, S&P 500 resilience, and more. She then unpacks the stablecoin fallout hitting Visa and Mastercard, highlights Oracle’s earnings breakout, and shares some pullback opportunities.

This video originally premiered June 13, 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.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

With oil prices surging and geopolitical unrest stirring in the Middle East, it’s no surprise that energy stocks are drawing renewed attention. And, quite frankly, this week didn’t have many market-moving earnings. So this week, we skate to where the puck is, or, in this case, where traders’ eyes will be focused—the Energy sector.

In the past, we have witnessed this sector spike due to conflicts, and changes can come quickly. The following setups appear to favor continued and quick momentum to the upside.

Energy: A Sector on the Move

Let’s begin with the big picture: the Energy Select Sector SPDR ETF (XLE). This ETF offers a broad view of the energy landscape. Yes, 40% of this ETF consists of just two stocks — Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX). So these two will drive the bus when it comes to price action. However, when looking at the entire sector, we see some good risk/reward setups worth monitoring.

From early 2024, XLE has been trading in a rather wide neutral range. In April, though, the ETF broke down and fell out of that range. That was due in part to cheaper oil prices and a reaction to Liberation Day tariffs. This ended up being a classic bear trap, as price held its 200-week moving average (red circle above) and moved back into its range.

The adage, “from false moves come fast moves in the opposite direction,” is well in play here, and given the fundamental backdrop of oil spiking due to conflict, the push higher should continue.

From a risk/reward set-up, the ETF could climb towards the top end of its range and likely break out higher. The risk is at the bottom of the neutral range — support at $82.50 with a first stop upside target of $95. Given Friday’s close, it’s not too much of a risk/reward difference, but momentum indicators suggest the upside is achievable, possibly quickly.

The weekly Moving Average Convergence/Divergence (MACD) is flashing a strong buy signal, while the Relative Strength Index (RSI) is breaking a downtrend going back to its August 2024 peak. It has all the makings of a run to resistance and potential breakout, with conservative upside targets of $108 given the range from which the ETF is breaking out.

Occidental Petroleum (OXY): A Buffett Favorite Reawakens

If you’ve followed Warren Buffett’s investments, you’ll recognize Occidental Petroleum (OXY). The stock has been beaten down for quite some time, but, last week, it awoke from its slumber.

OXY shares spiked on Friday, which puts it at a key inflection point. This price action caught our eye, since we are focusing on some good setups from a risk/reward perspective. There could be more room for the stock to run.

OXY enters the week at its weekly downtrend, going back to its 2024 peak at $69.56. Technically, there is major resistance ahead, but it seems poised to attack those levels and has a lot to reverse, which can give investors a nice percentage gain in the meantime.

If shares can eclipse this recent downtrend, then expect a quick run to its 200-week moving average at the $52/$53 level. This level acted as a major consolidation point for years; the once mighty support area could act as resistance and must be watched closely. However, a date with this level looks quite promising and represents a 15% gain from Friday’s close.

If momentum continues and OXY breaks through that level, it’s smooth sailing for another 15+% upside toward the $60 area. OXY could continue to its 2022–2023 consolidation area and do so quickly.

Baker Hughes (BKR): Is It Ready to Wake Up?

Lastly, we turn to Baker Hughes (BKR), an oilfield services and technology company that has been a major laggard since its February peak of $48.85. Technically, it enters the week at a major inflection point.

BKR has formed an ascending triangle, which is nearing its breaking point. That point happens to be at its longer-term downtrend and its 200-day moving average, which makes for an interesting setup.

Downside risk could see shares fall back to their 50-day moving average and the rising short-term average that’s within this tradable formation. If BKR breaks below that level, all bets for this near-term rally are off. 

The upside risk favors the bulls. If BKR were to break out, this would confirm a new uptrend, with upside targets 15–20% higher than Friday’s close.

Final Thoughts

The setups we’re seeing in the Energy sector offer a favorable balance between risk and reward. Be mindful of the downside risks and place your stops in the event the position goes against you. Remember, energy markets can shift quickly, especially when geopolitical tensions are involved.


When you see headlines about geopolitical tensions and how the stock market sold off on the news, it can feel unsettling, especially when it comes to your hard-earned savings. But what you might not hear about in the news is what the charts are indicating.

Look at what happened in the stock market recently. On Friday, investors were bracing for a rocky start this week, expecting geopolitical tensions to shake up the stock market. That’s not what unfolded. After Friday’s +1% dip, the U.S. indexes bounced back, starting the week off on a positive note. It just goes to show how quickly things can shift, and often, not in the way we might anticipate.

A Closer Look at the S&P 500

The S&P 500 ($SPX) looks like it’s back on track and attempting to move toward its all-time high. Volatility has also retreated, and oil prices, which went as high as $77.62 a barrel, have pulled back to slightly above $71.

Think of it this way: if you took Friday’s price action out of the equation, the S&P 500 has been moving steadily by grinding out its narrow range sideways move. The uptrend in equities is still in play, despite the Middle East conflict.

The StockCharts Market Summary page shows that the S&P 500 and Nasdaq Composite ($COMPQ) are trading well above their 200-day simple moving averages (SMA), while the Dow Industrials ($INDU) is struggling to remain above the benchmark. Small-cap stocks continue to struggle, which suggests that growth leadership continues to be on investors’ radars. You can see this in the sector performance panel, which shows Technology in the lead.

Since tech stocks make up a significant portion of the S&P 500, let’s take a closer look at the daily chart.

FIGURE 1. DAILY CHART OF S&P 500. The week started off on a positive note despite Middle East tensions. Monitor trends, key levels, and momentum indicators.Chart source: StockCharts.com. For educational purposes.

As mentioned earlier, not much has happened in the S&P 500 despite Friday’s selloff. The overall uptrend is still in place. The index is trading above its 21-day exponential moving average. The S&P 500 is about 1.84% away from its all-time high.

However, even though the bias is slightly bullish, there are indications that the market’s momentum isn’t strong at the moment. Here’s why:

  • The Relative Strength Index (RSI) is faltering, indicating momentum isn’t quite there yet. Note the RSI is not moving higher with the index, meaning it’s diverging.
  • The Percentage Price Oscillator (PPO) has been relatively flat and sloping slightly downward since the end of May. This confirms the stalling momentum indicated by the RSI.
  • The 200-day SMA is above the 50-day SMA. The 50-day SMA needs to cross above the 200-day SMA to confirm the bullish bias.

What to Watch

Keeping the trend direction and momentum in mind, here are some levels to monitor on the chart.

  • Just below 6150: This area represents the S&P 500’s all-time high. If the index reaches this level, it will likely be met with resistance. A break above this level would elevate bullish sentiment and show upside momentum in the market.
  • Between 5950 and 6050: The S&P 500 has been moving within this range for most of the month. It almost seems as if it’s waiting for something to act as a catalyst to move it in either direction. When it happens, the RSI and PPO will indicate whether momentum is to the upside or downside.
  • The 5775 area: This level represents the March 24 to March 26 high and the May 12 and May 23 lows. A break below this level would not be bullish for the S&P 500. Note that the 200-day SMA is close to this level.

The Bottom Line

The stock market always has its ups and downs, and some days may feel more uncertain than others. However, by focusing on long-term trends and support or resistance levels based on past highs and lows, you can approach your investment decisions with a more objective mindset.

Instead of reacting to news headlines, consider adding the “lines in the sand” — key support and resistance levels, trendlines, price channels — to your charts. These can be added to daily, weekly, or monthly time frames. Monitoring the market’s action at these levels can offer valuable insights and better prepare you for whatever comes your way.


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.