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A spokesperson for the Houthi rebels in Yemen stated that the Houthi armed forces will continue their operations to combat any Saudi troops attempting to escalate the situation and gain control of Yemen through Saudi military strongholds.On August 12, local time, the U.S. Central Command stated that on August 11, local time, U.S. forces fired on the Panamanian-flagged cargo ship "VelaNova" in the Gulf of Oman. Central Command stated that the ship was en route to an Iranian port, attempting to break through the U.S. blockade against Iran. Central Command stated that after the crew of the "VelaNova" repeatedly ignored U.S. warnings, a U.S. Navy MH-60 helicopter fired two Hellfire missiles at the ships engine room. The ship is currently unable to maneuver and has stopped its journey to Iran. Central Command also stated that as of August 11, the U.S. military had forced 55 merchant ships attempting to break through the blockade to change course, rendered three uncooperative vessels immobile, and boarded and inspected two other ships. The U.S. stated that the blockade against Iran remains in full force.U.S. military: A U.S. Navy MH-60 helicopter fired two Hellfire missiles into the engine room of the cargo ship "Villanova".U.S. military: Earlier today, Central Command forces disabled the steering mechanism of the Panamanian-flagged cargo ship "Villanova".The U.S. military reported that as of August 11 local time, Central Command had redirected 55 merchant ships attempting to break the blockade, rendered three non-compliant vessels inoperable, and boarded and inspected two others.

S&P 500 Forecast – Stock Markets Rally With Open of the Week

Cory Russell

Jan 10, 2023 15:19

Technical Analysis of the S&P 500

As New York traders continued to rejoice over the concept that wage inflation decreased from 0.4% month over month to the figure of 0.3% that we received on Friday, the S&P 500 rose strongly throughout the trading session on Monday. In other words, I believe they will be disappointed to learn that the Federal Reserve will not alter its stance. That gets me to my point: tomorrow at 9 AM New York time, Jerome Powell will be speaking. This is another another of the games Wall Street has been playing with the Federal Reserve. He will almost certainly say something to attempt to calm down the markets once again.


I'm searching for indicators of tiredness so I can start shorting as a result. Given that we are situated between the 50-Day EMA and the 200-Day EMA, it stands to reason that we can experience noise and weariness in this region. As a result, I will be shorting the market and watching for indications that momentum is waning. In addition, the CPI figures are due out on Thursday, which may come as a big surprise to the markets. The earnings season officially begins on Friday when the banks report in the morning.


In other words, despite the fact that the market is quite optimistic in the near term, there are many factors out there that might enter the picture and lead to issues. Sincere to say, neither I nor the majority of longer-term traders believe we are out of the woods just yet.

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