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No Sam Reinhart, sitting out Game 3 after being injured in Game 2.

No Eetu Luostarinen, ejected in the first period for a boarding infraction.

A new look in the Carolina Hurricanes net with Pyotr Kochetkov getting the start.

It didn’t matter. The Florida Panthers improved to 3-0 against the Hurricanes after a 6-2 win on Saturday night. They have outscored Carolina 16-4 in the series and can earn their third consecutive trip to the Stanley Cup Final on Monday with a win at home.

Kochetkov kept the game close as the teams entered the third period tied 1-1. But Jesper Boqvist, reinserted in the lineup after the Reinhart injury, broke the tie early in the third period and the Panthers poured in five consecutive goals in a little more than nine minutes.

Niko Mikkola and Aleksander Barkov each scored twice, and Brad Marchand also scored as the Panthers took advantage of turnovers.

Hurricanes defenseman Dmitry Orlov was minus-4 and slammed his stick in frustration after his turnover led to a Barkov goal. He was beaten on another goal and had one deflect in off his skates.

‘You can’t put it all on him … but you can’t be winning at this time of year when you make mistakes like that,’ Hurricanes coach Rod Brind’Amour said.

The only disadvantage for the Panthers: Mikkola left the game after going hard into the boards, though coach Paul Maurice said after the game, ‘We think he’s going to be OK.’

Highlights from Game 3 of the Eastern Conference finals between the Carolina Hurricanes and Florida Panthers:

Panthers vs. Hurricanes highlights

Game recap

Final score: Panthers 6, Hurricanes 2

The Hurricanes kept it a game for two periods and still got crushed. That’s 15 consecutive losses in the conference finals, dating to 2009. One more Carolina loss Monday night and the Panthers will return to the Stanley Cup Final for the third year in a row.

Game getting feisty

Andrei Svechnikov and Sam Bennett slash each other and also get misconducts. Then there’s another scrum and Florida’s A.J. Greer goes down the tunnel with an injury.

NHL scores: Panthers 6, Hurricanes 2

Matthew Tkachuk goes after Sebastian Aho, who had injured Sam Reinhart in Game 2. On the ensuing power play, Seth Jarvis scores 11 seconds in.

NHL scores: Panthers 6, Hurricanes 1

Brad Marchand scores as the Panthers pour it on.

NHL scores: Panthers 5, Hurricanes 1

The Panthers take advantage of another turnover. Aleksander Barkov’s pass attempt goes in off Shayne Gostisbehere’s stick.

Niko Mikkola injury

The Panthers defenseman, who has two goals, goes hard into the boards and leaves the game.

NHL scores: Panthers 4, Hurricanes 1

‘Dmitry Orlov’s pass is stolen by Matthew Tkachuk and Aleksander Barkov finishes off the play to give Florida two goals in 29 seconds. Orlov slams his stick in frustration. He’s minus-4 for the game.

NHL scores: Panthers 3, Hurricanes 1

Niko Mikkola scores his second goal of the game, jumping into the rush. The Hurricanes had hit the post not long before that while Sergei Bobrovsky was without his stick.

NHL scores: Panthers 2, Hurricanes 1

The Hurricanes kill off the penalty but turn over the puck in the neutral zone. Jesper Boqvist makes a great move around Dmitry Orlov before scoring on Pyotr Kochetkov. Tough night for Orlov, who had the first Panthers goal go off his skates. Boqvist is in the game because of an injury to Sam Reinhart.

Third period underway

Florida starts on the power play.

End of second period: Panthers 1, Hurricanes 1

Much better period by the Hurricanes. After not connecting on their five-minute power play, they do score on their next one as Logan Stankoven ties the game. But Carolina will need to kill the remainder of a Panthers power play to start the third period.

Panthers go on power play

They pin Carolina in their defensive zone and Sebastian Aho is called for holding Carter Verhaeghe. The power play will carry over into the third period.

NHL scores: Hurricanes 1, Panthers 1

Brent Burns takes a shot from the point and Logan Stankoven knocks in the rebound. The Hurricanes had a lot of movement on that power play before connecting.

Hurricanes go on power play

Gustav Forsling puts the puck over the glass and is called for delay of game.

Panthers go on power play

Near the end of the Eetu Luostarinen penalty, Carolina’s Jesperi Kotkaniemi is called for cross-checking. The Hurricanes kill it off.

Second period underway

Jackson Blake is back on the ice. Panthers still has to kill nearly two minutes of Eetu Luostarinen’s boarding major. No much going for Carolina and Florida gets a couple short-handed rushes.

End of first period: Panthers 1, Hurricanes 0

Hurricanes coach Rod Brind’Amour started Pyotr Kochetkov in net to ‘change the vibes,’ and the goalie has shined. The only shot that got past him went in off his defenseman. Still, the Hurricanes trail 1-0 in a must-win game.

We’ll have to see whether Carolina’s Jackson Blake can return after being slammed into the boards. Florida’s Eetu Luostarinen won’t. He receives a five-minute major and game misconduct for that hit. Carolina has two minutes left on the power play to start the second period.

Hurricanes go on power play

They get a five-minute power play after an Eetu Luostarinen boarding penalty and game misconduct is confirmed on review. Hurricanes get a few shots, and about two minutes of the penalty will carry over to the second period.

Jackson Blake injured; Eetu Luostarinen ejected

Hurricanes forward Jackson Blake is slammed into the boards by Eetu Luostarinen and is down on the ice for several minutes before going off. Luostarinen is ejected for boarding.

NHL scores: Panthers 1, Hurricanes 0

Panthers defenseman Niko Mikkola throws the puck to the front of the Hurricanes net and it goes in off the skate of Carolina defenseman Dmitry Orlov. The Panthers now have 14 goals from their defensemen.

Panthers go on power play

Pyotr Kochetkov, who has been busy so far in net, is called for tripping Evan Rodrigues. Carolina kills it off, allowing only one shot.

Pyotr Kochetkov saves

He stops Sam Bennett in close, stops him later and scrambles later to keep the puck out of the net.

Game underway

Panthers lead series 2-0.

Panthers vs. Hurricanes starting lines

It will be Florida’s Sam Bennett line vs. the Hurricanes’ Sebastian Aho line. Sergei Bobrovsky vs. Pyotr Kochetkov in net.

What time is Hurricanes vs. Panthers Game 3?

Game 3 of the Carolina Hurricanes-Florida Panthers series is set to begin at 8 p.m. ET on Saturday in Sunrise, Florida.

How to watch Hurricanes vs. Panthers NHL playoff game: TV, stream

  • Time: 8 p.m. ET
  • Location: Amerant Bank Arena (Sunrise, Florida)
  • TV: TNT/truTV
  • Stream: Sling TV, Max

Stream Hurricanes vs. Panthers Game 3 on Sling

Carolina Hurricanes lineup

Sean Walker injury update

The Hurricanes defenseman was on the ice for warmups but is listed among the scratches on the NHL roster report. Rookie defenseman Alexander Nikishin will be in the lineup.

Florida Panthers lineup

Jalen Chatfield injury update

Chatfield will miss his fourth consecutive game with an undisclosed injury.

Hurricanes’ Sean Walker injury update

Coach Rod Brind’Amour said the defenseman is a game-time decision. Walker left Game 2 with an injury.

Hurricanes goalie Pyotr Kochetkov will start Game 3

Hurricanes backup goalie Pyotr Kochetkov will get the Game 3 start against the Panthers.

“Just change the vibes a little bit,” Hurricanes coach Rod Brind’Amour said Saturday morning. “I don’t blame Freddy for any of the goals that went in.”

Kochetkov played the third period of Game 2, giving up one goal on five shots after Andersen yielded four in the first two period.

Kochetkov, who had a 2.60 goals-against average during the regular season, won Game 5 in the first round, 5-4 in overtime against the New Jersey Devils, in his lone previous start when Andersen missed that game because of an injury.

Who is Jesper Boqvist?

Panthers coach Paul Maurice said Jesper Boqvist will play on the top line in Game 3 in place of injured Sam Reinhart.

Boqvist had already played with Aleksander Barkov on that line when Evan Rodrigues was hurt. Rodrigues has returned, so the top line for Game 3 is Barkov, Rodrigues and Boqvist.

‘There’s a familiarity there that lets those guys just go and play,’ Maurice said.

Boqvist signed as a free agent in July and had 12 goals and 23 points during the regular season. He also kills penalties and scored a short-handed goal. He has a goal and an assist in nine games this postseason.

Panthers’ Sam Reinhart won’t play in Game 3

Panthers forward Sam Reinhart won’t play in Game 3 and is day-to-day after being injured during the team’s 5-0 win in Game 2 against the Hurricanes.

Reinhart was sent flying by a Sebastian Aho hit during the first period of Thursday’s game and didn’t return because of a lower-body injury.

Reinhart plays on the top line with Aleksander Barkov and had 57 goals last season. He’s a finalist (along with Barkov) for the Selke Trophy as top defensive forward after finishing with five short-handed goals.

This post appeared first on USA TODAY

Few motorsports events in the world have the same draw as the Formula 1 Monaco Grand Prix. The crown jewel of the F1 calendar sees some of the biggest names in sports and entertainment in attendance to see some of the best drivers in the world battle in close quarters.

Despite the star-studded group of attendees, the Monaco Grand Prix often is far from an exciting race. The nature of modern F1 cars means passing is nearly impossible in the tight, twisting corners with barriers just inches away from cars at almost every point of the Circuit de Monaco.

Qualifying is more important at Monaco than any other track on the F1 calendar. How the cars line up on Sunday is often how they’ll end up come the checkered flag.

Things could be different this year, though, as F1 officials have mandated all drivers must use at least three different sets of tires, which requires at least two pit stops during the race. That’s a change from the two-set minimum for dry conditions for all other races.

Tire wear in Monaco is low because it’s the slowest track on the calendar. That means we could see teams get creative in choosing how best to deploy the two-stop minimum. Monaco’s close barriers often mean a crash is near-inevitable which could a wrench into teams’ plans.

It could be a more exciting race than we’ve seen in Monte Carlo in recent years. Here’s how to catch the action:

How to watch the 2025 Monaco Grand Prix: TV, streaming

Here are the options for F1 viewers in the U.S.:

  • Date: Sunday, May 25
  • Time: 9 a.m. ET
  • Location: Circuit de Monaco, Monte Carlo, Monaco
  • TV: ABC, ESPN3
  • Streaming: ESPN+, F1TV, Fubo

Watch the 2025 Formula 1 championship season with Fubo

This post appeared first on USA TODAY

President Donald Trump knows a thing or two about staying in the conversation.

From the Super Bowl and College Football Playoff games to the Daytona 500 and everything in between, the president is no stranger to big sporting events. So when the ‘greatest day in motorsports’ is on the calendar, it begs the question, will Trump be in attendance?

Options are aplenty on this Sunday of Memorial Day Weekend.

There’s the Monaco Grand Prix in Formula 1, the Coca-Cola 600 in NASCAR and, of course, the Indy 500 in IndyCar.

After attending the Coca-Cola 600 in 2024 and the Daytona 500 in 2025, it became a question whether the president would make the trek to Indianapolis to check out the ‘greatest spectacle in racing’ at the famous Indianapolis Motor Speedway for the 109th Indianapolis 500.

Will Trump be in attendance at Indy this year? Here is your answer.

Is Donald Trump going to 2025 Indy 500?

Trump will not be at the Indianapolis 500 in 2025.

The president was invited by IndyCar and Indianapolis Motor Speedway owner Roger Penske during a visit to the White House on April 9. While there is always a possibility of a surprise visit or last-minute change when it comes to Trump, the president appears ready to skip the event this year.

News of Trump opting to not attend the event was first reported by Politico’s Adam Wren. A person with direct knowledge of the situation told IndyStar, part of the USA TODAY Network, the speedway was of the same understanding of the decision.

Has POTUS ever attended Indy 500?

No sitting President of the United States has ever attended the Indianapolis 500.

Several former presidents, however, attended the legendary race after their time in the White House. Gerald Ford was the first former president to attend when he was at the track in 1979. In 2003, former President George H.W. Bush and former President Bill Clinton both attended on race day.

On the other hand, presidents have been at race day prior to their election. Harry Truman attended the Indy 500 in the late 1930s before he was elected, and Trump actually attended the 2002 edition of the race.

In 2011, Trump was named the pace car driver for the 100th Indy 500, but it came during controversial statements he made regarding then-President Barack Obama’s citizenship and his possible run in the 2012 election. After backlash of Trump’s selection for the centennial edition of the race, Trump backed out of his position and was replaced by four-time Indy 500 winner A.J. Foyt.

This post appeared first on USA TODAY

The NASCAR Cup Series rolls into Charlotte Motor Speedway Sunday evening to close out the most exciting day in motor sports.

Following Formula One’s Monaco Grand Prix and IndyCar’s Indianapolis 500, the Coca-Cola 600 takes center stage for NASCAR’s annual Memorial Day weekend event and the series’ longest race of the year at 600 miles.

All eyes will be on Kyle Larson, who is attempting the motor sports double for the second consecutive year. Larson will begin his day at Indianapolis, where he starts 19th in the Indy 500 in the No. 17 Arrow McLaren Chevrolet. Following his afternoon at Indy, he will immediately fly to North Carolina and hop into his No. 5 Hendrick Motorsports Chevrolet for the Coca-Cola 600, as he seeks to become the first driver since Tony Stewart in 2001 to race 1,100 total miles and complete the Indy-Charlotte double.

Larson won the Coca-Cola 600 in 2021 en route to his first Cup Series championship. Can he do it again this year? Here’s all the information you need to get ready for the race:

What time does the NASCAR Coca-Cola 600 start?

The Coca-Cola 600 is scheduled to start at 6 p.m. ET Sunday at Charlotte Motor Speedway in Concord, North Carolina.

What TV channel is the NASCAR Coca-Cola 600 on?

There is no national TV broadcast for Sunday’s race. Amazon Prime Video is broadcasting the 2025 Coca-Cola 600, the first of five consecutive NASCAR Cup Series races on the streamer. Prime will air a pre-race show at 5 p.m. ET.

Will there be a live stream of the Coca-Cola 600?

The race can be live streamed on Amazon Prime Video.

How many laps is the Coca-Cola 600?

NASCAR’s longest race is 400 laps around the 1.5-mile track for a total of 600 miles. The race will feature four segments (laps per stage) — Stage 1: 100 laps; Stage 2: 100 laps; Stage 3: 100 laps; Stage 4: 100 laps.

How will Kyle Larson get from Indianapolis to Charlotte for the Coca-Cola 600?

As soon as Larson’s day is done in the Indy 500 – pending any possible weather delays – the Hendrick Motorsports driver will immediately board a helicopter at Indianapolis Motor Speedway and then get on a plane to fly to Charlotte. Another helicopter will take Larson to Concord, North Carolina, for the race at Charlotte Motor Speedway.

Who won the Coca-Cola 600 last year?

Christopher Bell led 90 of 249 laps, including the final 18, in the rain-shorted race on May 26, 2024. Bell was declared the winner under red-flag conditions with Brad Keselowski finishing second and William Byron third.

What is the lineup for the NASCAR Coca-Cola 600?

(Car number in parentheses)

  1. (19) Chase Briscoe, Toyota
  2. (5) Kyle Larson, Chevrolet
  3. (24) William Byron, Chevrolet
  4. (17) Chris Buescher, Ford
  5. (16) AJ Allmendinger, Chevrolet
  6. (42) John Hunter Nemechek, Toyota
  7. (54) Ty Gibbs, Toyota
  8. (4) Noah Gragson, Ford
  9. (48) Alex Bowman, Chevrolet
  10. (20) Christopher Bell, Toyota
  11. (47) Ricky Stenhouse Jr., Chevrolet
  12. (45) Tyler Reddick, Toyota
  13. (7) Justin Haley, Chevrolet
  14. (2) Austin Cindric, Ford
  15. (71) Michael McDowell, Chevrolet
  16. (22) Joey Logano, Ford
  17. (84) Jimmie Johnson, Toyota
  18. (21) Josh Berry, Ford
  19. (10) Ty Dillon, Chevrolet
  20. (11) Denny Hamlin, Toyota
  21. (12) Ryan Blaney, Ford
  22. (9) Chase Elliott, Chevrolet
  23. (38) Zane Smith, Ford
  24. (8) Kyle Busch, Chevrolet
  25. (99) Daniel Suarez, Chevrolet
  26. (3) Austin Dillon, Chevrolet
  27. (43) Erik Jones, Toyota
  28. (60) Ryan Preece, Ford
  29. (41) Cole Custer, Ford
  30. (88) Shane Van Gisbergen, Chevrolet
  31. (35) Riley Herbst, Toyota
  32. (23) Bubba Wallace, Toyota
  33. (87) Connor Zilisch, Chevrolet
  34. (34) Todd Gilliland, Ford
  35. (6) Brad Keselowski, Ford
  36. (51) Cody Ware, Ford
  37. (44) Derek Kraus, Chevrolet
  38. (66) Josh Bilicki, Ford
  39. (77) Carson Hocevar, Chevrolet
  40. (1) Ross Chastain, Chevrolet
This post appeared first on USA TODAY

The bullish signals stacked up in April and May, but most long-term breadth indicators are still bearish. SPY and QQQ showed signs of capitulation in early April and rebounded into mid April. A Zweig Breadth Thrust triggered on April 24th and several other thrust indicators turned bullish in May. We also saw SPY and QQQ break their 200-day SMAs. TrendInvestorPro is tracking these signals and relevant exit strategies.

These are bullish indications for large-caps and, perhaps, stocks in the top half of the S&P 500. However, I would not call it a bull market until participation broadens. The chart below shows the S&P 500 EW ETF (RSP) and S&P MidCap 400 SPDR (MDY) moving back below their 200-day SMAs. The S&P SmallCap 600 SPDR (IJR) never came close and remains a big laggard.   

The bottom window is perhaps the most telling. It shows the percentage of S&P 1500 stocks above their 200-day SMAs. This long-term breadth indicator did not cross above 50% in May. Except for a 1-day dip on January 10th, this indicator was above 50% from December 2023 to February 2025 (bull market). It broke below 40% on March 10th and has yet to fully recover (bear market).

At the very least, a move above 50% is needed to show broadening participation worth of a bull market. This is how the market moves from bullish thrust signals to a bull market.  Until such a move, we are still in bear market mode and risk remains above average for stocks. Note that the S&P 1500 includes large-caps (500), small-caps (600) and mid-caps (400). Around 2/3 of components NYSE stocks and 1/3 Nasdaq stocks. It is a truly representative of the broader market.

Exit strategies are just as important as entries. The Zweig Breadth Thrust and the 5/200 day SMA cross provided entry signals in April and May. We now need an exit strategy. TrendInvestorPro put forth exit strategies for both signals and these are updated in our reports. This week we covered the gap zones in SPY and QQQ, long-term breadth signals, big moves in metals and continued strength in Bitcoin. Click here to take a trial and gain full access.

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It scares me to admit I’ve been investing for over 50 years. It’s been a great ride, and fortunately I’m still going strong. One of my investment mantras thru all these years has been Charlie Munger’s quintessential advice: “try to be consistently not stupid.”

We all make investing mistakes, but not all of us learn the appropriate lessons from those mistakes. This blog is less about mistakes and more about lessons. If the investment genie were to offer me a redo on my portfolio management execution from these past decades, here are seven things I would do differently next time around.

  1. More USA, less international. I know what you’re thinking—what about diversification? But I believe that William O’Neil had it right all along. American ingenuity is where you want to invest. Besides, great American companies do business all over the globe. Microsoft is doing your diversification for you.
  2. Hot money managers are not worth chasing. I’ve been guilty of this. Sometimes it works, but only if you get in early and don’t overstay to the point when their hot hand inevitably cools — and it will. I have a long list of managers who can claim this crown.
  3. Keep it simple. Adding complexity or asset classes or different methodologies to your portfolio mix seldom results in outperformance, but we investors will continue to be tempted. Something about human nature wants to seek out complexity. Fight the urge.
  4. Private equity and hedge funds. Recently, the number of new funds and new money has swollen significantly. I never liked the high fees, long terms and lack of liquidity. There are just too many other sensational stock market options (albeit less sexy for cocktail party discussions.)
  5. Fees matter. Even small differences matter and will add up over time. Too often, investors pay for the Los Angeles Dodgers and end up getting the Wichita Mudcats.
  6. Ride those winners! I’ve had five long term holdings that have paid a lot of bills. Hold tight when you find an AMZN, MSFT, COST, V, or MA.
  7. Investing is the art of man versus markets. The voodoo within investing is how best to control your Investor Self. If you memorize only one of the 10 Essential Stages of Stock Market Mastery from our book, let it be Stage 3—The Investor Self.

Trade well; trade with discipline!

Gatis Roze, MBA, CMT

StockMarketMastery.com

P.S. If you would like to be notified when I post a new Traders Journal blog, please submit your preference via the tile in the right column titled FOLLOW THIS BLOG.

This week, while everyone else is focused on NVIDIA Corp. (NVDA), we will focus our attention on stocks with earnings that may get overlooked.

We’re watching a different group of stocks heading into earnings: Okta, Inc. (OKTA), AutoZone, Inc. (AZO), and Salesforce.com, Inc. (CRM). OKTA and AZO are making new highs as they head into their earnings call, while CRM is struggling.

Let’s break down the best risk/reward set-ups as we kick off the week.

Okta, Inc. (OKTA): Volatility Now, Potential Later

Okta’s stock price broke out to new 52-week highs a week before it posts its quarterly numbers. The cybersecurity company has experienced extreme volatility after posting earnings. In the last three quarters, the stock saw some pretty big swings—up 24.3%, up 5.4%, and down 17.6%. Its average price change post-earnings is +/-10.2%.

Technically, I love this setup. Let’s look at a five-year daily chart.

Shares have broken out ahead of earnings and have a lot to reverse. If we see weakness after results, there are several support areas where we would want to enter the stock with favorable risk/reward. The first strong support area is between $115/$118, an old resistance level that the stock just eclipsed. Old resistance could act as new support and provide an opportunity.

Outside of recent weakness due to “Liberation Day,” OKTA’s stock price has outperformed its peers and held key moving averages. Use levels just below the 50-day moving average around $110 as a near-term stop if $115 doesn’t hold.

To the upside, there is much to reverse and targets of $150 to $160 are attainable. If you’re a longer-term investor, the downtrend is broken and the bulls are back in charge.

AutoZone, Inc. (AZO): Riding Steady 

The retail leader in automotive replacement parts and accessories, AutoZone, Inc. (AZO), continues to rise, slowly and steadily, despite market volatility. The stock price is up 20% year-to-date, and we hope to add to those gains when they report on Tuesday morning.

One thing that has helped AZO’s continued growth is that the average car is roughly 12 years old. Consumers are investing more in maintenance and repairs instead of purchasing new vehicles. And with tariffs, buying a new car becomes more expensive, which benefits the car repair and maintenance business.

Let’s look at that long-term uptrend on a weekly chart going back five years.

The stock is a juggernaut. It has ridden the 50-week moving average consistently since Covid. It is in a beautiful uptrend and made new highs again just last week.

While the trend itself appears a tad extended above its averages, any trip back towards its recent uptrend line gives investors a strong entry point, with downside risk towards its 50-week moving average.

It’s also the best in class when compared to its top competitors, such as O’Reilly Automotive (ORLY) and Advanced Auto Parts (AAP). When looking at strong uptrends in a challenging environment, it’s best to find the best in class, and AZO continues to be just that. The trend continues to be the investor’s best friend.

Salesforce (CRM) Hits a Crossroads

A year ago, Salesforce (CRM) shocked investors with a revenue miss for the first time since 2006. This resulted in the stock price dropping 20% (red box in the chart below). It marked the stock’s low point, as it rallied as much as 74% over the next seven months. It now sits in the middle of a wide year-long range and is poised to move again.

Which way will it go? To examine that question, let’s look at the daily chart of CRM.

Technically, shares are at a crossroads. Shares dropped 37% from their December peak after forming a double top. It just broke its near-term downtrend from its post-Liberation Day lows, experiencing a 28% rally, but paused right at its 200-day moving average.

Momentum appears to be negative. The Moving Average Convergence/Divergence (MACD) has formed a bearish crossover, and shares failed to eclipse the 200-day. Shares are down -18% for 2025, underperforming the tech sector and the S&P 500. CRM sold off late Friday, hitting its 50-day moving average, on news that it’s in talks to acquire Informatica.

If you’re thinking of buying CRM, you may want to hold your horses. Watch the 50-day moving average around $270 to see if it can hold. On strength, look for confirmation and a close above the $295 level for an all clear that momentum has finally shifted in favor of the bulls.

Final Thoughts

OKTA, AZO, and CRM are thoughtful plays based on technical trends and real-world fundamentals. OKTA and AZO could have favorable risk/reward setups. As for CRM, add it to your ChartLists and monitor it regularly.


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.

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from Precious Metals & Critical Minerals Hybrid Virtual Investor Conference held May 22 nd are now available for online viewing.

VIEW PRESENTATIONS HERE

The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download
investor materials from the company’s resource section.

May 22 nd

Presentation Ticker(s)
Keynote Presentation: ‘What’s next for precious metals?’
-Jeff Christian, Managing Partner of CPM Group
Viva Gold Corp. (OTCQB: VAUCF | TSXV: VAU)
StrikePoint Gold, Inc. (OTCQB: STKXF | TSXV: SKP)
Honey Badger Silver Inc. (OTCQB: HBEIF | TSXV: TUF)
Relevant Gold Corp. (OTCQB: RGCCF | TSXV: RGC)
Keynote Presentation: ‘Surveying the Critical Metals Landscape,’
–Jack Lifton, Senior Advisor, Energy Fuels, Inc.
Azimut Exploration Inc. (OTCQX: AZMTF | TSXV: AZM)
Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR)
Lion Copper & Gold Corp. (OTCQB: LCGMF | CSE: LEO)
Alaska Silver Corp. (Pink: WAMFF |TSXV: WAM)
Cygnus Metals Ltd. (OTCQB: CYGGF |TSXV: CYG |ASX: CY5)
Power Metallic Mines, Inc. (OTCQB: PNPNF |TSXV: PNPN)

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

About Virtual Investor Conferences ®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Media Contact:  
OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact:
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com

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