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A senior Iranian military advisor said the United States cannot block oil exports.April 28th - According to six sources, NATO is considering ending its recent practice of holding an annual summit. Since 2021, NATO leaders have met every summer, with a meeting scheduled for July 7-8 this year in Ankara, Turkey. However, according to a senior European official and five diplomats (all from NATO member states), some member states are actively pushing to slow down the summits pace. One diplomat stated that the summit, originally scheduled for 2027 in Albania, is likely to be postponed until the fall of that year; furthermore, NATO is also considering completely suspending the summit in 2028—the year of the US presidential election and the last full calendar year of Trumps term.EU regulators say third parties can provide feedback on EU measures by May 13.EU regulators say the measures will allow users to easily activate competing AI services.On April 28, the union representing employees of the soon-to-be-closed Apple (AAPL.O) store in Towson, Maryland, filed a complaint with the National Labor Relations Board, accusing the company of illegally discriminating against its employees and refusing to allow them easy relocation to other locations. This store made history in 2022 by becoming the first Apple retail store in the U.S. to form a union. Now, it is one of three Apple stores closing. Apple attributes the closure to "the withdrawal of several retailers and the deteriorating conditions of the shopping center," particularly the mall where the Towson store is located. However, union representatives say that Apples treatment of Towson store employees is worse than in previous similar situations, making it even harder for employees to stay with Apple.

Forming Potentially Bearish Reversal Top

Cory Russell

Jul 25, 2022 15:22

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Late in the trading day on Friday, September E-mini Dow Jones Industrial Average futures are trading lower after giving up previous gains. The blue chip Dow had a sharp decline as the S&P 500 Index and NASDAQ Composite Index experienced a sharp decline as technology equities fell as a result of disappointing earnings results from Snap and Twitter.


September E-mini Dow Jones Industrial Average futures are trading at 31772, down 235 points or 0.73 percent, as of 17:53 GMT. From an intraday high of 32193, this is now lower. The SPDR Dow Jones Industrial Average ETF (DIA) is down $1.33 or 0.41 percent, trading at $319.08 today.


In stock-related news, shares of Intel Corp. and Verizon Communications are both down close to 3.5 percent. Apple is down over 1.0 percent, while Microsoft is down more than 1.5 percent.


Procter & Gamble and American Express are the only companies outperforming the market, both up by about 2.0%.

Economic Information Influences Attitude

Following the publication of additional discouraging economic statistics, doubts about the status of the American economy as well as concerns about profits affected confidence.


The U.S. PMI Composite output index, which analyzes activity in both the manufacturing and service sectors, recorded a preliminary value of 47.5, which indicates declining economic production. The index has not been at that level for more than two years.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward, but the price action in the late session indicates that momentum may be changing to the negative.


A transaction through 32193 will indicate that the uptrend has resumed. If 30109 is crossed, the primary trend will shift to being downward.


Smaller trend is similarly upward. The minor trend will turn downward if there is a trade through 31504. The downward momentum will change as a result.

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