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Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce it has entered into a marketing consulting services agreement (the ‘Spark Agreement’ or the ‘MSA’) with Spark Newswire Inc. (‘Spark’) pursuant to which, among other things, Spark is to provide certain promotional services to the Company.

Spark are very selective in the clients they work with, only partnering with organizations that have a well-deserved reputation for quality and credibility and only working with one organization within a particular market sector at a time. Spark’s goal is to integrate with their client’s values and core brand narratives, becoming an extension of the overall corporate and capital markets team, assisting in building shareholder equity, brand equity and overall market awareness.

Spark, which operates out of Vancouver, British Columbia, provides consulting and capital market advisory services to public companies. Through Spark’s engagement, the Corporation hopes to increase investor engagement and create more awareness for the Corporation.

‘Questcorp Mining has demonstrated a clear commitment to responsible exploration and strategic growth, which aligns perfectly with Spark’s mandate to support high-integrity issuers with strong fundamentals. With Questcorp entering a pivotal phase, we’re excited to help share their story across the capital markets and unlock broader investor engagement,’ said Steve Hnatko, CMO at Spark Newswire.

Questcorp President & CEO, Saf Dhillon stated ‘I have had a number of conversations and have met with both the Founders of Spark Newswire, Chris and Steve Hnatko. While we have met approximately only about a year ago, I have seen them demonstrate that they are true to their values and the types of companies they work with really are a solid reflection of their work ethic and the values they hold.

Spark is an arms-length firm, operating out of Vancouver, British Columbia, which provides consulting and capital market advisory services to public companies. Through Spark’s engagement, the Company hopes to increase investor engagement and create more awareness. The engagement is expected to commence on July 1, 2025, for an initial twelve-month term at a rate of US$25,000 per month. The Company does not propose to issue any securities to Spark in consideration for the services to be provided to the Company. Spark can be contacted at 604-761-0543 or Suite 800, 885 West Georgia Street, Vancouver, British Columbia, V6C 3H1, Canada.

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.
Saf Dhillon, Founding Director, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside’s arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257505

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This post appeared first on investingnews.com

Asset Portfolio Overview

International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the ‘Company’ or ‘ILC’) is pleased to announce that it has completed the sale of all its interest in the Avalonia Project in Ireland and in Blackstairs Lithium Ltd, the company that owns that project.

As announced on September 17, 2024, the Company’s interest in the Avalonia Project was sold then to GFL International Co., Limited (‘GFL’), a subsidiary of Ganfeng Lithium Group Co., Ltd. (‘Ganfeng’), for a consideration of CAD$ 2.2 million plus a 2% Net Smelter Royalty. The Company reports that it has now sold its shareholding in Blackstairs Lithium to GFL for an additional CAD$ 0.3 million. The final CAD$ 1.0 million of the consideration for the CAD$ 2.2 million Avalonia Project is payable by GFL in October 2025.

John Wisbey, Chairman and CEO of ILC, commented:

‘We are pleased to have completed the sale of our interest in the Avalonia Project to GFL who was our partner in Ireland. This divestment allows us to focus on our wholly owned or majority-owned projects in Canada and on progressing identified opportunities in Southern Africa. We have a strong 11-year relationship with Ganfeng, and we will welcome working with Ganfeng again on future projects when there is a mutual interest in doing so.’

About International Lithium Corp.

International Lithium Corp. has exploration activities in Ontario, Canada, with intentions to expand into Southern Africa. It has projects at various stages, ranging from Preliminary Economic Assessment at Raleigh Lake to Pre-Drilling at Wolf Ridge. The primary target metals in Canada are lithium, rubidium and copper. There are three projects (two in Ontario and now one in Ireland) in which ILC has sold its share but where we stand to receive future payments from either a resource milestone being achieved or from a Net Smelter Royalty.

While the world’s politicians are currently divided on the future of the energy market’s historic dependence on oil and gas and on ‘Net Zero’, there seems to be a clear and unstoppable momentum towards electric vehicles, solar power and electric battery storage, all of which contribute to rising demand for lithium. Rubidium is increasingly seen as a valuable critical metal that is strategic for high-precision clocks and for space technology. Copper has many historical uses, but demand is projected to be sharply higher as more data centres are required for AI. We have seen the clear and increasingly urgent wish by the USA, Canada, and other major economies to safeguard their supplies of critical metals and to become more self-sufficient. Our Canadian projects, which contain lithium, rubidium and copper, are strategic in that respect.

Our key mission for the next decade is to generate revenue for our shareholders from lithium and other battery metals, as well as rare metals, while also contributing to the creation of a greener, cleaner planet and less polluted cities.

This includes optimizing the value of our existing projects in Canada as well as finding, exploring and developing projects that have the potential to become world-class deposits. We have separately announced that we regard Southern Africa as a key strategic target market for ILC and that we have applied for and hope to receive EPOs in Zimbabwe. We hope to make further announcements on the portfolio developments over the next few weeks and months.

The Company’s interests in various projects now consist of the following, and in addition, the Company continues to seek other opportunities:

Name Metal Location Stage Area in 
Hectares
Current
Ownership
Percentage
Future Ownership % if options exercised and/or residual interest Operator or 
JV Partner
Raleigh
Lake
Lithium
Rubidium
Ontario Dec 2023: PEA
for Li completed
Apr 2023 Maiden
Resource Estimates for Li and Rb
32,900 100% 100% ILC
Firesteel Copper
Cobalt
Ontario Aeromagnetics
and Drilling 
started mid 2024
6,600 90% 90% ILC
Wolf 
Ridge
Lithium Ontario Pre-Drilling 5,700 0% 100% ILC
Mavis 
Lake
Lithium Ontario May 2023
Maiden Resource Estimate
2,600 0% 0%
(carries an extra earn-in payment of AUD$ 0.75 million if resource targets met)
Critical 
Resources 
Ltd 
(ASX: CRR)
Avalonia Lithium Ireland Drilling 29,200 0% 0%
2.0% Net Smelter Royalty
GFL Intl Co Ltd (owned by Ganfeng Lithium Group Co.Ltd)
Forgan/
Lucky Lakes
Lithium Ontario Drilling 0% 0%
1.5% Net Smelter Royalty
Power 
Minerals Ltd 
(ASX: PNN)

 

The Company’s primary strategic focus at this point is on the Raleigh Lake Project, comprising lithium and rubidium, and the Firesteel copper project in Canada, as well as obtaining EPOs and mineral claims in Zimbabwe.

The Raleigh Lake Project now encompasses 32,900 hectares (329 square kilometres) of mineral claims in Ontario and represents ILC’s most significant project in Canada. To date, drilling has occurred on less than 1,000 hectares of our claims. A Preliminary Economic Assessment was published for ILC’s lithium at Raleigh Lake in December 2023, with a detailed economic analysis of ILC’s separate rubidium resource still pending. Raleigh Lake is 100% owned by ILC, free from any encumbrances and royalties. The Raleigh Lake Project boasts excellent access to roads, rail, and utilities.

A continuing goal has been to remain a well-funded company to turn our aspirations into reality. Following the disposal of the Mariana project in Argentina in 2021, the Mavis Lake project in Canada in 2022, and now the Avalonia project, ILC continues to achieve sufficient inward cash flow to be able to make progress with its exploration projects.

With the increasing demand for high-tech rechargeable batteries used in electric vehicles, electrical storage, and portable electronics, lithium has been designated ‘the new oil’ and is a key part of a green energy, sustainable economy. By positioning itself with projects that have significant resource potential and solid strategic partners, ILC aims to be one of the preferred lithium and rare metals resource developers for investors and to continue building value for its shareholders for the rest of the 2020s, the decade of battery metals.

On behalf of the Company,

John Wisbey
Chairman and CEO
www.internationallithium.ca

For further information concerning this news release, please contact +1 604-449-6520 or info@internationallithium.ca or ILC@yellowjerseypr.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of any offering and the amount to be raised, the time when the Company will receive the remaining consideration payable by Ganfeng for the Avalonia Project, the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Firesteel or Wolf Ridge projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company’s projects, the Company’s budgeted expenditures, future plans for expansion in Southern Africa and planned exploration work on its projects, increased value of shareholder investments in the Company, the potential from the company’s third party earn-out or royalty arrangements, the future demand for lithium, rubidium and copper, and assumptions about ethical behaviour by our joint venture partners or third party operators of projects or royalty partners. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled ‘Risks’ and ‘Forward-Looking Statements’ in the interim and annual Management’s Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257488

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This post appeared first on investingnews.com

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce the latest step-out drill results from the Zn-Pb-Ag horizon at its Ballywire discovery (‘Ballywire’) at the 100%-owned PG West Project (‘PG West’), Republic of Ireland. Drilling at Ballywire’s deeper, Cu-Ag target is in progress (to be reported in due course).

Highlights:

  • 25-3552-35 (a 50m step-out to the NE from previous drilling, along the Zn-Pb-Ag horizon) intersected:
    • 53.9m of 7.9% Zn+Pb (4.7% Zn and 3.2% Pb), 99 g/t Ag and 0.20% Cu, including
    • 39.7m of 9.5% Zn+Pb (5.6% Zn and 3.9% Pb), 131 g/t Ag and 0.27% Cu, including
    • 18.3m of 16.1% Zn+Pb (8.9% Zn and 7.2% Pb), 233 g/t Ag and 0.42% Cu, including
    • 5.6m of 16.6% Zn+Pb (8.0% Zn and 8.5% Pb), 370 g/t Ag and 0.86% Cu
    • True thickness is estimated to be 90-100% of the intervals noted above and below
  • Three Cu-Ag enriched zones were also intersected below the above intercept in the same hole:
    • 5.5m of 3.2% Zn+Pb (0.9% Zn and 2.2% Pb), 209 g/t Ag and 0.49% Cu, including
      • 0.9m of 2.1% Zn+Pb (1.5% Zn and 0.6% Pb), 831 g/t Ag and 2.46% Cu and
    • 0.9m of 195 g/t Ag and 0.21% Cu and
    • 3.5m of 7.1% Zn+Pb (3.5% Zn and 3.6% Pb), 134 g/t Ag and 0.34% Cu, including
      • 0.9m of 3.5% Zn+Pb (0.5% Zn and 3.0% Pb), 224 g/t Ag and 0.63% Cu
  • These results extend the strike length of the immediate Ballywire discovery corridor from 1,250m to 1,300m, while demonstrating much thicker mineralization than previously encountered
  • This corridor is hosted within a larger 2.6km long trend of robust mineralization pierced by drilling at Ballywire to date, along a prospective trend of over 6km (defined by four regional gravity-high anomalies, only one of which has been systematically drill tested to date)
  • Today’s elevated Cu-Ag values further substantiate the Company’s ‘deeper Cu-Ag’ target (100-200m below the Zn-Pb-Ag horizon), currently being drill tested (second hole in progress)
  • Three rigs are turning at Ballywire with over 4,000m of drilling completed year-to-date; Group Eleven aims to complete 8,000-10,000m in 2025 (fully funded)

‘Today’s hole represents our thickest intercept yet at the Ballywire discovery, surpassing our 29.6 metres of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu announced in June 2024,’ stated Bart Jaworski, CEO. ‘Not only does this intercept extend strike and show exceptional mineralized thickness but also demonstrates zones of strong copper-silver values. This adds to growing evidence suggesting a deeper Cu-Ag horizon one to two hundred metres below the main Ballywire discovery horizon. This deeper target is currently being drilled, with one hole finished and a second started. We look forward to releasing these results as soon as assays are available. With three rigs turning each on excellent targets at Ballywire and a recently announced strengthened cash position of C$4.3 million, Group Eleven is poised to keep generating shareholder value through the drill bit for the foreseeable future.’

Exhibit 1. Plan Drill Hole Map of Ballywire Discovery, Showing Hole 25-3552-35

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/257506_7a4c0f28c4b01b45_002full.jpg

Exhibit 2. Long-Section of 25-3552-35 (50m Step-Out) at Ballywire

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/257506_7a4c0f28c4b01b45_003full.jpg

Note: Structural interpretation above is preliminary and subject to change with further drilling and compilation

Ballywire Drill Update

The Ballywire prospect at the Company’s 100%-owned PG West Project in Republic of Ireland, represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 53 holes drilled and reported by Group Eleven to date, including the most recent hole (25-3552-35) reported today (see Exhibits 1 to 3).

Drilling at Ballywire continues with three rigs. Currently, eight (8) new holes are completed (and in the process of being logged, sampled and assayed). Six of these holes are shown in Exhibit 1, with two other holes near gravity-high anomaly ‘D’ (located 1.3km to the ENE). Recently strengthened financial position provides Group Eleven flexibility to either ramp-up drilling in 2025 and/or extend its runway for drilling well into 2026.

Assays from 25-3552-35 are summarized below (see Exhibit 3). Strong mineralization starts to occur within the Waulsortian Limestone at 120.6m downhole and continues intermittently until 187.9m, at which point, mineralization becomes more consistent through to near the base of the Waulsortian Limestone at 242.9m. Below the Waulsortian Limestone, several horizons of elevated copper-silver occur. Mineralization consists predominantly of sphalerite, galena and pyrite, with the copper-silver bearing zones also containing chalcopyrite and suspected tennantite-tetrahedrite.

Exhibit 3. Summary of Assays from 25-3552-35 at Ballywire

Item From
(m)
To
(m)
Int
(m)
Zn
(%)
Pb
(%)
Zn+Pb
(%)
Ag
(g/t)
Cu
(%)
25-3552-35 120.58 121.49 0.91 10.85 2.90 13.75 235.0 0.03
And 148.67 149.62 0.95 16.90 4.05 20.95 69.6 0.02
And 155.22 156.15 0.93 6.16 0.67 6.83 18.5 0.01
And 163.74 177.63 13.89 3.61 0.57 4.17 9.4 0.00
Incl. 173.19 177.63 4.44 5.08 1.14 6.22 18.6 0.01
Incl. 174.98 175.91 0.93 10.20 2.72 12.92 47.1 0.02
And 187.88 241.82 53.94 4.72 3.18 7.89 99.3 0.20
Incl. 202.15 241.82 39.67 5.61 3.85 9.45 131.1 0.27
Incl. 212.55 230.81 18.26 8.89 7.18 16.06 233.1 0.42
Incl. 212.55 224.21 11.66 11.60 9.99 21.59 207.8 0.34
Incl. 221.33 226.96 5.63 8.03 8.54 16.57 370.0 0.86
Incl. 222.32 223.25 0.93 16.20 18.90 35.10 556.0 1.13
And 238.21 241.82 3.61 0.41 0.17 0.58 96.4 0.54
Incl. 240.92 241.82 0.90 0.82 0.55 1.37 223.0 1.27
And 252.32 257.80 5.48 0.94 2.22 3.16 208.8 0.49
Incl. 252.32 254.09 1.77 2.01 3.68 5.69 616.8 1.50
Incl. 252.32 253.20 0.88 1.48 0.63 2.11 831.0 2.46
And 263.23 264.15 0.92 0.01 0.08 0.09 195.0 0.21
And 268.70 272.15 3.45 3.50 3.55 7.06 133.7 0.34
Incl. 271.27 272.15 0.88 0.50 2.99 3.49 224.0 0.63

 

Note: True thickness of the mineralized interval in hole 25-3552-35, as a percentage of the down-hole interval, is estimated to be 90-100%

Notes to Exhibit 4: (a) Pallas Green MRE is owned by Glencore (see Glencore’s Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the ‘NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland’, by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in ‘Report on Prospecting Licence 464’ by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in ‘The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody’ by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in ‘Report on Mallow Property’ by David Wilbur, dated December 1973; and later summarized in ‘Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork’ by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. ‘Rathdowney Trend’ is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Exhibit 4. Regional Map of Ballywire Discovery

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/257506_gefig4.jpg

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent ‘Qualified Person’ as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.55m to 1.32m with an average (over 188 samples) of 0.92m. The half-core samples are bagged, labelled and sealed at Group Eleven’s core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70%

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials (‘CRMs’ or ‘Standards’) as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSX.V: ZNG; OTCQB: GRLVF and FRA: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

  • 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
  • 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
  • 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
  • 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
  • 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
  • 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
  • 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
  • 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
  • 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)
  • 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35)

Ballywire is located 20km from Company’s 77.64%-owned Stonepark zinc-lead deposit1, which itself is located adjacent to Glencore’s Pallas Green zinc-lead deposit2. The Company’s two largest shareholders are Michael Gentile (15.3%) and Glencore Canada Corp. (15.2% interest). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

1 Stonepark MRE is 5.1 million tonnes of 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr-17-2018)

2 Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec-31-2024)

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257506

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This post appeared first on investingnews.com

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) (‘Blue Sky’ or the ‘Company’) is pleased to announce that it has obtained an additional substantial historic subsurface dataset for its Corcovo Uranium Project an ‘in situ’ recovery (‘ ISR ‘) high potential target, located in the Western Malargüe Mining District, Mendoza Province Argentina . This dataset was originally generated by operators in the oil & gas (‘ O&G ‘) with concession holdings in the area. The new data package includes complete information from 449 historical O&G wells ranging from more than 500 metres up to 750 metres in depth within the Corcovo concession area, featuring geophysical logging data such as gamma-ray, spontaneous potential (SP), and other parameters, compiled in the O&G industry standard format for well log data (Log ASCII Standard or ‘ LAS ‘ format). In addition, the Company received 34 2D seismic lines, covering the entire Corcovo project area ( Figure 1 ).

Nikolaos Cacos , President & CEO of the Company stated, ‘This new data package is a major milestone for the Corcovo Project. Blue Sky now have a massive amount of information from over 500 drill holes that will allow us to rapidly enhance our geological model, improve confidence in the interpreted uranium-bearing horizons, and potentially accelerate future targeting for ISR-style uranium mineralization.’

Blue Sky had previously acquired data from 89 O&G wells from which the team identified radiometric anomalies at four different stacked horizons and outlined a potential roll-front morphology along approximately 7km (see News Release dated June 4, 2025 ). The newly acquired information is currently being integrated into Blue Sky’s geophysical and geological interpretation to refine the exploration targets. The Company continues to work to identify and access additional data, including 3D seismic surveys known to have been previously performed in the project area.

The Corcovo Project covers 20,000 hectares at the northeastern margin of the O&G producing Neuquén Basin. The geological potential of the region for uranium ISR deposits was initially defined by CNEA, the state-owned nuclear company, as reported in the International Atomic Energy Agency and Nuclear Energy Agency document titled: ‘ Uranium 2024: Resources, Production and Demand ‘. Blue Sky optioned the Corcovo project in 2024 as part of a strategic initiative to broaden the Company’s medium to long-term prospects for discovery of additional uranium mineral resources. The project benefits from flat topography, road access, and year-round accessibility, supporting cost-effective exploration and potential future ISR development.

Qualified Persons

The technical contents of this news release have been reviewed and approved by Mr. Ariel Testi , CPG, who works for the Company and is a Qualified Person as defined in National Instrument 43-101.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina . The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky’s flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier.  The Company’s recently optioned Corcovo project has demonstrated potential to host an in-situ recovery (‘ ISR ‘) uranium deposit. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

‘Nikolaos Cacos’

______________________________________
Nikolaos Cacos , President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements and forward-looking information (collectively, the ‘forward-looking statements’) within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements that, other than statements of historical fact, address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company’s planned exploration campaigns, advancement of the Corcovo project, the future value of the previous work done to the Corcovo project and potential of the Corcovo and Amarillo Grande projects. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty relating to mineral resources; risks related to heavy metal and transition metal price fluctuations, particularly uranium and vanadium; ri   sks relating to the dependence of the Company on key management personnel and outside parties;   the potential impact of global pandemics; risks and uncertainties related to governmental regulation and the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations, including in respect of the Company’s planned drilling program described in this news release. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company’s public disclosure documents for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

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SOURCE Blue Sky Uranium Corp.

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Here’s a quick recap of the crypto landscape for Wednesday (July 2) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$107,699, up 1.6 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$105,402 and a high of US$107,968 at the opening bell.

Bitcoin price performance, July 2, 2025.

Chart via TradingView

Bitcoin’s price gain was driven by a calm in Middle East tensions and growing optimism after the Fed signaled a dovish tilt, both factors boosted investor risk appetite. . Additionally, continued inflows into US spot Bitcoin ETFs and favorable regulation expectations helped sustain the upward momentum.

Ethereum (ETH) is priced at US$2,450.40, up by 2.1 percent over the past 24 hours. Its lowest valuation on Wednesday was US$2,393.31 and its highest was US$2,467.66.

Altcoin price update

  • Solana (SOL) was priced at US$149.40, up by 2.2 percent over 24 hours. Its highest valuation as of Wednesday was US$150.29, and its lowest was US$145.46.
  • XRP was trading for US$2.18, up by 0.7 percent in 24 hours. The cryptocurrency’s lowest valuation was US$2.15 and its highest was US$2.20.
  • Sui (SUI) is trading at US$2.74, showing an increaseof 4.7 percent over the past 24 hours. Its lowest valuation was US$2.67, and its highest valuation was US$2.82.
  • Cardano (ADA) is priced at US$0.5576, up by 4.7 percent in the last 24 hours and its highest valuation of the day. Its lowest valuation as of Wednesday was US$0.538.

Today’s crypto news to know

Tech billionaires launch Erebor, a crypto-focused bank to fill SVB void

A group of prominent tech investors, including Anduril’s Palmer Luckey, Peter Thiel’s Founders Fund, and Palantir co-founder Joe Lonsdale, are backing a new US-based crypto bank called Erebor, according to the Financial Times.

Erebor has applied for a national banking charter and plans to serve technology-driven sectors like AI, defense, and crypto, as well as individuals working in these fields. The digital-only bank will be headquartered in Columbus, Ohio, with an additional office in New York.

Erebor intends to hold stablecoins on its balance sheet, offering a stable value backed by reserves. The bank is led by Owen Rapaport and Jacob Hirshman, a former Circle adviser.

Erebor’s mission is to address the gap left by the collapse of Silicon Valley Bank, which had been a critical channel for startups and venture investors until its 2023 failure.

Coinbase buys Liquifi in undisclosed deal

Coinbase has acquired Liquifi, a startup that builds token management platforms for crypto projects, continuing its busy M&A streak in 2025.

Liquifi, backed in its 2022 seed round by Dragonfly and investors like Balaji Srinivasan, helps projects track token vesting, manage crypto cap tables, and handle tax requirements.

Coinbase declined to disclose the purchase price but said Liquifi will help streamline token launches and distribution. This puts Coinbase closer to an “end-to-end” model, similar to Binance’s launchpad, which supports crypto creation from early stages.

Liquifi has been locked in a legal fight with competitor Toku over alleged business document theft, claims which it denies, and Coinbase said it will stand by Liquifi’s defense.

The deal follows other Coinbase acquisitions this year, including Spindl, Iron Fish’s team, and the record-breaking US$2.9 billion Deribit buy.

China considers Stablecoins to reinforce cross-border payment strategy

Policy advisers in China are pressing Beijing to explore stablecoins for cross-border payments, even as the country’s broad crypto ban remains in place, Bloomberg reported.

People’s Bank of China Governor Pan Gongsheng noted that stablecoins could make international finance more resilient to geopolitical disruptions, a view echoed by other senior officials.

Former PBOC governor Zhou Xiaochuan suggested dollar-linked stablecoins might even accelerate dollarization, while others see a case for yuan-backed coins to support China’s long-term currency goals.

The momentum comes after the US Senate passed a stablecoin bill in June, advancing President Trump’s digital currency agenda.

Stablecoin supply is projected to reach US$3.7 trillion by 2030, driven by cheaper, faster settlement options compared to traditional banking.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Love your Costco dupes? Lululemon is coming after them.

Lululemon has filed a lawsuit against Costco, accusing the big box store of selling knockoffs of the athleisure brand’s apparel for a fraction of the price.

According to the complaint filed Friday in the Central District of California, Costco allegedly ‘unlawfully traded’ on Lululemon’s ‘reputation, goodwill and sweat equity’ by selling unauthorized and unlicensed knockoffs and dupes, infringing on the company’s popular patents.

The complaint lists several Costco items that appear to rip off Lululemon’s designs and patents: Costco’s ‘Danskin Half-Zip Pullover’ that retails for just $8. The lawsuit claims it’s a dupe for Lululemon’s SCUBA pullover that sells for $118. Costco’s ‘Jockey Ladies Yoga Jacket’ and ‘Spyder Women’s Yoga Jacket,’ which sell for $22, appear to be a dupe of Lululemon’s DEFINE jacket with a price tag of $128. The ‘Kirkland 5 Pocket Performance Pant,’ sold online for $10, is a dupe for Lululemon’s $128 ABC Pant, the complaint contended.

The lawsuit alleged trade dress infringement, unfair competition under the Lanham Act, patent infringement, and violation of the California Unfair Business Practices Act.

Lululemon seeks to recover monetary damages from lost profits, claiming it suffered ‘significant harm’ to its brands and reputation.

Dupes have surged in popularity, fueled by social media and young people seeking trendy, high-quality clothing without breaking the bank. The suit noted that hashtags like ‘LululemonDupes’ have trended on social media platforms like TikTok, with influencers promoting ‘these copycat products.’

Lululemon, based in Vancouver, acknowledged some companies have replicated its proprietary apparel designs and sold them as ‘dupes.’ The company said it has sent cease and desist letters to such companies, including Costco.

Specifically, the suit claimed Costco sells dupes of Lululemon’s popular SCUBA, DEFINE, and ABC lines, ‘which have earned substantial fame and considerable goodwill among the public.’

Costco allegedly profited off confusion and allowed customers to believe the products are authentic, the lawsuit claimed.

The suit said Costco is known to use manufacturers of popular branded products for its own Kirkland label products.

‘This source ambiguity preconditions at least some consumers into believing that private label, Kirkland-branded dupes are in fact manufactured by the authentic suppliers of the ‘original’ products. Defendant does not dispel this ambiguity,’ the complaint said.

In November, Lululemon wrote to Costco about the infringement, and Costco subsequently removed at least some of the products that infringed Lululemon’s SCUBA mark, but later began selling the Hi-Tec Men’s Scuba full zip, the complaint said.

The suit seeks a jury trial and for the court to order Costco to pay Lululemon damages in the form of lost profits, an order to permanently restrain Costco from making or selling more dupes, and an order to remove any ads or posts displaying the infringing products.

Costco did not immediately respond to NBC News’ request for comment on Tuesday.

Lululemon said in a statement that ‘as an innovation-led company that invests significantly in the research, development, and design of our products, we take the responsibility of protecting and enforcing our intellectual property rights very seriously and pursue the appropriate legal action when necessary.’

This post appeared first on NBC NEWS

A Greek Odyssey

First of all, I apologize for any potential delays or inconsistencies this week. I’m currently writing this from a hotel room in Greece, surrounded by what I can only describe as the usual Greek chaos. Our flight back home was first delayed, then canceled, then rescheduled and delayed again. So instead of being back at my desk as planned, I’m getting back into the trenches from a small Greek town. But the markets wait for no one, so here we are!

Market Sector Shifts: Tech Takes the Lead

The changes in our top five aren’t massive, but they’re certainly worth noting. Technology has muscled its way back to the #1 spot, nudging Industrials down to second. Communication Services and Utilities are holding steady at positions #3 and #4 respectively. The most interesting move, imho, is Financials re-entering the top five at #5, up from #7 last week.

Real estate remains just outside at #6, while Consumer Staples has dropped out of the top five, landing at #7. Materials and Energy are still bringing up the rear at #8 and #9. In a bit of musical chairs, Consumer Discretionary and Health Care have swapped places — Discretionary now at #10 and Health Care down to #11.

  1. (2) Technology – (XLK)*
  2. (1) Industrials – (XLI)*
  3. (3) Communication Services – (XLC)
  4. (4) Utilities – (XLU)
  5. (7) Financials – (XLF)*
  6. (6) Real-Estate – (XLRE)
  7. (5) Consumer Staples – (XLP)*
  8. (8) Materials – (XLB)
  9. (9) Energy – (XLE)
  10. (11) Consumer Discretionary – (XLY)*
  11. (10) Healthcare – (XLV)*

Weekly RRG

The weekly Relative Rotation Graph (RRG) paints a clear picture of Technology’s strength as it powers further into the leading quadrant. Industrials is still in the lead, but has started to lose some relative momentum — though it’s maintaining the highest RS-ratio reading. Communication Services is showing a clear upward rotation, while Financials and Utilities are inside the weakening quadrant with negative headings (but still above the 100 level, keeping them in the top five).

Daily RRG

  • Technology and Communication Services flexing their muscles in the leading quadrant
  • Industrials inside lagging, but turning back up
  • Financials in improving on a positive heading
  • Utilities rotating back down at a negative heading, close to crossing into lagging

The sector at risk here is clearly Utilities — at least for now.

Technology

The Technology sector chart is showing a very clear breakout above the resistance area around 240. It’s a decisive move, and that old resistance should now act as support. This breakout is mirrored in the relative strength line, which has continued its upward trajectory after breaking out of the falling channel.

Industrials

Industrials are also flexing their muscles, clearing overhead resistance with a nice breakout. The relative strength line, already out of its consolidation pattern, appears to be gaining momentum again. This is starting to drag the RS ratio line higher.

Communication Services

Communication Services is showing a clear upward break over the 105 resistance area. Just like Tech and Industrials, that old resistance is now expected to act as support. The price strength is finally reflected in the relative strength line, which has started to move up against the rising support line. This is causing the RS momentum line to pull up, almost crossing back over the 100 level, which should, in turn, push Communication Services back into the leading quadrant on the weekly RRG.

Utilities

Utilities, one of the defensive sectors in this cyclical power play, has remained static within its range. But in this market, standing still means losing relative strength. The utility sector is becoming increasingly at risk, with its relative strength chart returning to the trading range and heading towards the lower boundary. This is dragging the RRG lines lower.

Financials

Financials, our new entrant in the top five, is still grappling with the old rising support line and overhead resistance level. However, last week’s price action seems to have broken the sector out of a small consolidation pattern. If Financials can now take out the overhead resistance just above 52, it’ll be a powerful sign for this sector.

Portfolio Performance

From a portfolio performance perspective, we’re getting hurt by the strength of the Technology sector. It’s in the portfolio, but not enough to keep up with the S&P 500’s performance. We’re still underperforming by around 8%.

To turn this situation around, we need sustained moves higher by Technology, Communication Services, and potentially Financials. If Consumer Discretionary could join the party at some stage, that would be ideal — but it’s still far off at #10. For now, we’ll have to work with what we’ve got, especially from Tech and Communication Services, with potential boosts from Financials and Industrials. Utilities are likely to be a drag while they remain in the top five, given the current bullish market sentiment.

#StayAlert and have a great week. –Julius


In this video, Mary Ellen spotlights key pullback opportunities and reversal setups in the wake of a strong market week, one which saw all-time highs in the S&P 500 and Nasdaq. She breaks down the semiconductor surge and explores the bullish momentum in economically-sensitive sectors, including software, regional banks, and small-caps. Watch as she highlights top stocks to add to your watchlist, including FedEx, XPO, CHRW, and RL, plus identifies downtrend reversal candidates like AeroVironment (AVAV) and Nike, supported by volume and technical breakouts. In addition, she covers smart entry tactics, examining historical precedent with Coinbase.

This video originally premiered on June 27, 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.

Below is the EB Weekly Market Report that I sent out earlier to our EarningsBeats.com members. This will give you an idea of the depth of our weekly report, which is a very small piece of our regular service offerings. We called both the stock market top in February and stock market bottom in April, and encouraged EB members to lower risk at the time of the former and increase risk at the time of the latter.

There is no better time to experience our service for yourself as we’re currently running a FLASH SALE that offers a 20% discount on annual memberships. The timing to join couldn’t be better as I’ll be providing my Q3 outlook to all EB annual members at 5:30pm ET today. A recording will be provided for those who cannot attend the session live. So if you sign up later today or tomorrow or the next day, we’ll make sure you get a time-stamped copy of the recording.

In the meantime, enjoy this complimentary copy of this week’s report….

ChartLists/Spreadsheets Updated

The following ChartLists/Spreadsheets were updated over the weekend:

  • Strong Earnings (SECL)
  • Strong Future Earnings (SFECL)
  • Strong AD (SADCL)
  • Raised Guidance (RGCL)
  • Bullish Trifecta (BTCL)
  • Short Squeeze (SSCL)
  • Leading Stocks (LSCL)
  • Manipulation Spreadsheet*

*We continued to add more stocks to our Manipulation Spreadsheet and you’ll see that a few have tabs, but do not have data yet. Those 3 are still “under construction”. I also added a “Summary” tab where I’ve begun to sort the individual stocks in order based on a proprietary relative AD ranking system. Don’t ask me what it means yet, because it’s still very much a work in progress as well. I’m looking at the intraday relative performance of individual stocks vs. the benchmark S&P 500. So positive percentages represent better intraday AD performance than the S&P 500, while negative percentages represent the opposite. One thing I’ll be watching is to see if stronger relative AD lines precede relative strength in stocks on a forward-looking basis. It certainly did in the case of both Netflix (NFLX) and Microsoft (MSFT) from several weeks ago when I pointed out what appeared to me to be significant accumulation in March/April when the stock market bottomed. Both NFLX and MSFT have soared since that time. I’ll keep everyone posted on the progress of my research over the next many weeks and months.

Weekly Market Recap

Major Indices

Sectors

Top 10 Industries Last Week

Bottom 10 Industries Last Week

Top 10 Stocks – S&P 500/NASDAQ 100

Bottom 10 Stocks – S&P 500/NASDAQ 100

Big Picture

If you’re a long-term investor, stepping back and looking at the stock market using this 100-year chart enables you to avoid pulling unnecessary sell triggers, because of the media, permabears, negative nellie’s, and all the “news” out there. The above chart never once flashed anything remotely signaling a sell signal and now, here we are, back at all-time highs. Simply put, it filters out all the noise that we hear on a day-to-day basis and keeps our wits about us.

Sustainability Ratios

Here’s the latest look at our key intraday ratios as we follow where the money is traveling on an INTRADAY basis (ignoring gaps):

QQQ:SPY

Absolute price action on both the S&P 500 and NASDAQ 100 has now seen all-time high breakouts, which alone is quite bullish. We want to see aggressive vs. defensive (or growth vs. value) ratios moving higher to indicate sustainability of any S&P 500 advance. In my view, we’re seeing that. But the intraday QQQ:SPY ratio continues to hesitate. A breakout in this intraday relative ratio would most definitely add to the current bullish market environment.

IWM:QQQ

I’m seeing signs of an impending rate cut by the Fed. However, if I’m being completely honest, one signal that we should see is outperformance in small caps and a rising IWM:QQQ ratio. That hasn’t happened – at least not yet. If a rate cut starts to become clearer, I would absolutely expect to see much more relative strength in small caps. Keep an eye out for that.

XLY:XLP

I pay very close attention to the XLY:XLP ratio and, more specifically, this INTRADAY XLY:XLP ratio. This chart helped me feel confident in calling a market top back in January/February. If you recall, that’s when we said it was waaaaay too risky to be long the U.S. stock market. By the time we had bottomed in April, the blue-shaded area highlighted the fact that the XLY vs. XLP ratio had already begun to SOAR! That’s why, on Friday, April 11th, I said I was ALL IN on the long side again.

These signals are golden and, when used in conjunction with all of our other signals, can provide us extremely helpful clues about stock market direction. If these ratios begin to turn lower in a big way, then yes we’ll need to grow more cautious. However, right now, they couldn’t be any more bullish. Expect higher prices ahead.

Sentiment

5-day SMA ($CPCE)

Sentiment indicators are contrarian indicators. When they show extreme bullishness, we need to be a bit cautious and when they show extreme pessimism, it could be time to become much more aggressive. Major market bottoms are carved out when pessimism is at its absolute highest level.

The S&P 500 had struggled a bit once 5-day SMA readings of the CPCE fell to the .55 area, a sign of market complacency and a possible short-term top. We saw a bit of a pullback in June, which many times is all we get during a secular bull market advance. My sustainability ratios are supporting a higher move by stocks and I know from history that overbought conditions can remain overbought. I also know that sentiment does a much better job of calling bottoms than it does calling tops. That’s why I will not overreact every time this 5-day moving average of the CPCE falls back below .55. During Q4 2024, we saw plenty of 5-day SMA readings below .55 and, while the S&P 500 was choppy, bullishness prevailed throughout. So just please always keep in mind that these 5-day SMA readings are our “speed boat” sentiment indicator that changes quite frequently. When it lines up with other bearish or topping signals, we should take note. But reacting to every subtle move in this chart is a big mistake, in my opinion.

253-day SMA ($CPCE)

This longer-term 253-day SMA of the CPCE is our “ocean-liner” signal, unlike our speedboat indicator. This one usually provides us a very solid long-term signal as the overall market environment moves from one of pessimism to complacency and vice versa. Look at the above chart. When the 253-day SMA is moving lower like it is now, it accompanies our most bullish S&P 500 moves. It makes perfect common sense as well. Once this 253-day SMA moves to extremely high levels and begins to roll over, the bears have already sold. We typically have nowhere to go on our major indices, except higher once sentiment becomes so bearish. The opposite holds true when the 253-day SMA reaches extreme complacency and starts to turn higher. We saw that to start 2022, which, at the time, I stated was my biggest concern as we started 2022. If you recall, I said to look for a 20-25% cyclical bear market over a 3-6 month period on the first Saturday in January 2022. The above chart was my biggest reason for calling for such a big selloff ahead of the decline.

These charts matter.

Long-Term Trade Setup

Since beginning this Weekly Market Report in September 2023, I’ve discussed the long-term trade candidates below that I really like. Generally, these stocks have excellent long-term track records, and many pay nice dividends that mostly grow every year. Only in specific cases (exceptions) would I consider a long-term entry into a stock that has a poor or limited long-term track record and/or pays no dividends. Below is a quick recap of how these stocks looked one week ago:

  • JPM – challenging all-time high
  • BA – substantial improvement, would like to see 185-190 support hold
  • FFIV – very bullish action above its 20-month SMA
  • MA – very steady and bullish long-term performer
  • GS – trending higher above 20-month EMA
  • FDX – trying to clear falling 20-week EMA
  • AAPL – monthly RSI at 50, which has been an excellent time to buy AAPL over the past two decades
  • CHRW – 85-90 is solid longer-term support
  • JBHT – would like to see 120-125 support hold
  • STX – long-term breakout in play, excellent trade
  • HSY – breaking above 175 would be intermediate-term bullish
  • DIS – now testing key price resistance in 120-125 range
  • MSCI – monthly RSI hanging near 50, solid entry
  • SBUX – moved back above 50-week EMA, short-term bullish
  • KRE – long-term uptrend remains in play
  • ED – has been a solid income-producer and investment since the financial crisis low in 2009
  • AJG – few stocks have been steadier to the upside over the past decade
  • NSC – continues to sideways consolidate in very bullish fashion
  • RHI – trending down with potential sight set on 30
  • ADM – looks to be reversing higher off long-term price support near 43
  • BG – 65-70 price support held, now looking to clear 50-week SMA to the upside
  • CVS – excellent support at 45 or just below, just failed on bounce at 50-month SMA at 72
  • IPG – monthly RSI now at 37 and also testing 4-year price support near 22.50
  • HRL – long-term price support at 25 and stock now showing positive divergence on monthly chart – bullish
  • DE – one of the better 2025 momentum stocks on this list

Keep in mind that our Weekly Market Reports favor those who are more interested in the long-term market picture. Therefore, the list of stocks above are stocks that we believe are safer (but nothing is ever 100% safe) to own with the long-term in mind. Nearly everything else we do at EarningsBeats.com favors short-term momentum trading, so I wanted to explain what we’re doing with this list and why it’s different.

Also, please keep in mind that I’m not a Registered Investment Advisor (and neither is EarningsBeats.com nor any of its employees) and am only providing (mostly) what I believe to be solid dividend-paying stocks for the long term. Companies periodically go through adjustments, new competition, restructuring, management changes, etc. that can have detrimental long-term impacts. Neither the stock price nor the dividend is ever guaranteed. I simply point out interesting stock candidates for longer-term investors. Do your due diligence and please consult with your financial advisor before making any purchases or sales of securities.

Looking Ahead

Upcoming Earnings

Very few companies will report quarterly results until mid-April. The following list of companies is NOT a list of all companies scheduled to report quarterly earnings, however, just key reports, so please be sure to check for earnings dates of any companies that you own. Any company in BOLD represents a stock in one of our portfolios and the amount in parenthesis represents the market capitalization of each company listed:

  • Monday: None
  • Tuesday: STZ ($29 billion)
  • Wednesday: None
  • Thursday: None
  • Friday: None

Key Economic Reports

  • Monday: June Chicago PMI
  • Tuesday: June PMI manufacturing, June ISM manufacturing, May construction spending, May JOLTS
  • Wednesday: June ADP employment report
  • Thursday: Initial jobless claims, June nonfarm payrolls, unemployment rate & average hourly earnings, May factory orders, June ISM services
  • Friday: None – stock market closed in observance of Independence Day

Historical Data

I’m a true stock market historian. I am absolutely PASSIONATE about studying stock market history to provide us more clues about likely stock market direction and potential sectors/industries/stocks to trade. While I don’t use history as a primary indicator, I’m always very aware of it as a secondary indicator. I love it when history lines up with my technical signals, providing me with much more confidence to make particular trades.

Below you’ll find the next two weeks of historical data and tendencies across the three key indices that I follow most closely:

S&P 500 (since 1950)

  • Jun 30: +34.34%
  • Jul 1: +72.77%
  • Jul 2: +16.76%
  • Jul 3: +77.19%
  • Jul 4: +0.00% (market closed – holiday)
  • Jul 5: +39.40%
  • Jul 6: +22.32%
  • Jul 7: +17.62%
  • Jul 8: -16.29%
  • Jul 9: +76.54%
  • Jul 10: -16.59%
  • Jul 11: +13.23%
  • Jul 12: +36.89%
  • Jul 13: -5.67%

NASDAQ (since 1971)

  • Jun 30: +73.30%
  • Jul 1: +63.18%
  • Jul 2: -47.43%
  • Jul 3: +46.02%
  • Jul 4: +0.00% (market closed – holiday)
  • Jul 5: +7.04%
  • Jul 6: -10.79%
  • Jul 7: +60.19%
  • Jul 8: -10.10%
  • Jul 9: +86.44%
  • Jul 10: -27.94%
  • Jul 11: +11.18%
  • Jul 12: +128.28%
  • Jul 13: +61.52%

Russell 2000 (since 1987)

  • Jun 30: +99.14%
  • Jul 1: +30.53%
  • Jul 2: -113.05%
  • Jul 3: +44.57%
  • Jul 4: +0.00% (market closed – holiday)
  • Jul 5: -4.89%
  • Jul 6: -76.61%
  • Jul 7: +43.95%
  • Jul 8: +37.24%
  • Jul 9: +31.88%
  • Jul 10: -17.39%
  • Jul 11: +29.75%
  • Jul 12: +89.15%
  • Jul 13: +63.13%

The S&P 500 data dates back to 1950, while the NASDAQ and Russell 2000 information date back to 1971 and 1987, respectively.

Final Thoughts

All-time highs are always a time for me to say “I told you so” to the bears, since I’ve been a firm believer that we remain in a secular bull market advance – one in which we should EXPECT to see higher prices and all-time highs. This latest rally is being fully supported by risk-on areas of the market, which will almost certainly lead for more and more all-time highs down the road.

Here are several things I’m watching this week:

  • Jobs. The ADP employment report will be out on Wednesday and the more-closely-watched nonfarm payrolls will be released on Thursday this week since the stock market is closed on Friday. ANY sign of weakness in these reports will begin to put mounting pressure on the Fed to cut rates in late July at their next meeting.
  • Technical Price Action. Any time we’re setting new all-time highs, I start off with a bullish mindset. I only turn bearish if I’m inundated with warning signals. Currently, I see few of those.
  • History. We can now turn our attention to upcoming earnings season and, historically, that’s a bullish thing. Pre-earnings season runs to the upside are common and, if you scroll up and check out historical returns for days over the next couple weeks, you’ll see that July normally performs well – especially the first half of the month.
  • 10-Year Treasury Yield ($TNX). The 10-year treasury yield has been in decline for 3 straight weeks, falling from 4.52% on June 9th to 4.24% just a few minutes ago. The money rotating into bonds is a very strong signal that inflation is NOT a problem. It’s also a signal that the Fed “should be” considering a rate cut at its next meeting.
  • Breakouts. We’ve seen big breakouts in key areas like semiconductors ($DJUSSC), software ($DJUSSW), and investment services ($DJUSSB), but there will be plenty more. Travel & tourism ($DJUSTT) joined the party on Thursday. Banks ($DJUSBK) are on the verge of a breakout. The way I look at it? The more the merrier!

Happy trading!

Tom