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Shares of CrowdStrike Holdings, Inc. CRWD are trading down sharply on Friday. The move lower was triggered by news of insider selling. The stock teaches an important technical analysis lesson. This is why it is our Stock of the Day . One of the most interesting and misunderstood dynamics of technical analysis is its fractal nature. This means the same patterns can be seen on charts of different timeframes. In the stock market, there tends to be support at price levels that had been support previously. This is because of psychology. It is due to remorseful sellers. These are people who sold shares while the stock was at support that regretted doing so when the price rallied soon after. Many of them decide to buy their shares back if they can get them at the same price they were sold for. As a result, when the price drops back to the level that was support, they place buy orders. If there are enough of these buy orders it will form support at the level again. Read Also: Airline Stocks Outperform Tech In 2024: Holiday Travel ‘Expected To See Records This Year’ As you can see on the 4-month chart, there has been support around the $345.00 level for CrowdStrike. This is a graphical illustration of the sellers' remorse of swing traders. These traders typically have time horizons of a few weeks or months. 4-month chart One-Day Chart The same type of action can be seen on a one-day chart. The $350.00 has been support. This is a graphical illustration of sellers' remorse of traders that have short-term time horizons. This support was created by day traders. Technical analysis has a dubious reputation on Wall Street. This shouldn't be surprising. Many analysts don't understand some of the basic principles. If understood and applied correctly, technical analysis is the study of investor and trader psychology. Charts are graphical illustrations of this psychology. Regardless of the timeframe of a strategy that is being traded, the people who are doing the trading experience the same emotions. These are what appear on charts. This is why the same patterns appear of charts that have different time horizons. Read Next: Bitcoin Could Slide To $60,000, Technical Analyst Warns Image: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.This Week in History 12-28-24

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Swayman earns roster spot for Team USA in Four Nations tourneyNEW YORK (AP) — Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 gained 0.8% Wednesday to break a two-day losing streak and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average lagged with a dip of 0.2%. Stocks got a boost as expectations built that the Fed will deliver another cut to interest rates at its meeting next week. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are rising Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve . The S&P 500 gained 0.9% and is on track to break its first two-day losing streak in nearly a month. The Dow Jones Industrial Average fell 7 points, or less than 0.1%, as of 2:45 p.m. Eastern time, and the Nasdaq composite climbed 1.8% and was heading for a record. Treasury yields edged higher in the bond market as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. Traders are betting on a 95% probability of that, according to data from CME Group, up from 89% a day before. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy, but they could also provide more fuel for inflation. Wednesday’s report said U.S. consumers paid prices in November that were 2.7% higher than a year earlier. That’s a slight acceleration from October’s inflation rate of 2.6%, but it was exactly what economists were expecting. Another report on inflation at the wholesale level will arrive on Thursday. “The data have given the Fed the ‘all clear’ for next week, and today’s inflation data keep a January cut in active discussion,” according to Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year , with the latest coming last week. On Wall Street, Stitch Fix jumped 47.8% after the company that sends clothes to your door reported a smaller loss for the latest quarter than analysts expected. It also gave financial forecasts for the current quarter that were better than expected, including for revenue. Albertsons edged down by 0.6% after filing a lawsuit against Kroger, saying it didn’t do enough for their proposed $24.6 billion merger agreement to win regulatory clearance. Albertsons said it’s seeking billions of dollars in damages from Kroger, whose stock rose 0.6%. A day earlier, judges in separate cases in Oregon and Washington nixed the supermarket giants’ merger. The grocers contended a combination could have helped them compete with big retailers like Walmart, Costco and Amazon, but critics said it would hurt competition. After terminating the merger agreement Albertsons said it plans to boost its dividend 25% and increased the size of its program to buy back its own stock. Mondelez, the company behind Oreo and other food brands, climbed 2.2% after announcing a plan to send cash to shareholders by buying back up to $9 billion of its own stock. The program replaces a prior $6 billion plan, which had about $2.8 billion of capacity remaining and would have otherwise expired at the end of next year. On the losing end of Wall Street, Macy’s fell 2.3% after cutting some of its financial forecasts for the full year of 2024, including for how much profit it expects to make off each $1 of revenue. Dave & Buster’s Entertainment sank 18.7% after reporting a worse loss for the latest quarter than expected. It also said CEO Chris Morris has resigned, and the board has been working with an executive-search firm for the last few months to find its next permanent leader. In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.23% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, rose to 4.16% from 4.14%. In stock markets abroad, indexes rose across much of Europe and Asia. Hong Kong’s Hang Seng was an outlier and slipped 0.8% as Chinese leaders convened an annual planning meeting in Beijing that is expected to set economic policies and growth targets for the coming year. South Korea’s Kospi rose 1%, up for a second straight day as it climbs back following last week’s political turmoil where its president briefly declared martial law. ___ AP Writers Matt Ott and Zimo Zhong contributed. Stan Choe, The Associated Press

Perdue as Beijing envoy will boost US-China investor confidencePhoto: The Canadian Press NDP leader Jagmeet Singh leaves the Prime Minister's office in the West Block after taking part in a meeting with Prime Minister Justin Trudeau and fellow opposition leaders on Parliament Hill in Ottawa on Tuesday, Dec. 3, 2024. THE CANADIAN PRESS/Sean Kilpatrick NDP Leader Jagmeet Singh said he won't play Conservative Leader Pierre Poilievre's games by voting to bring down the government on an upcoming non-confidence motion. The Conservatives plan to introduce a motion that quotes Singh's own criticism of the Liberals, and asks the House of Commons to declare that it agrees with Singh and has no confidence in the government. The motion is expected to be introduced on Thursday and the debate and vote are set for Monday. Singh said he is not going to trigger an election when he believes Poilievre would cut programs the NDP fought for. "I'm not going to be playing Pierre Poilievre's games. I have no interest in that. We're frankly not going to allow him to cut the things that people need. I want to actually have dental care expanded, I want people to actually start to benefit from the pharmacare legislation we passed," Singh said. With the NDP's expected support, the Liberals should survive this next confidence vote brought forward by the Conservatives. The Tories have vowed to bring forward non-confidence motions every chance they get. The party will have two more opposition motions after this one, which are expected to continue to call for non-confidence. The NDP are scheduled to have their opposition day on Friday. Earlier on Tuesday, Singh did acknowledge that the Conservatives have a sizeable lead on the NDP in public opinion polls, while giving a campaign-style speech to visiting party staffers from across the country. Most pollsters in Canada have recorded a roughly 20 point lead for the Conservatives over both the Liberals and NDP for the last few months. The non-confidence vote was scheduled after Speaker Greg Fergus intervened to pause a filibuster on a privilege debate about a green technology fund. The Conservatives have said they would only end that debate if the NDP agree to topple the government or if the Liberals turn over unredacted documents at the centre of the parliamentary gridlock.

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From Revitalizing Stores to Opening New Doors, Keenum Brings Legit. Texas. Barbecue. to More Communities Doug Keenum and Team Dickey's Barbecue in Clarksville, TN Doug began his barbecue journey by taking over the Madison Street location in Clarksville, TN, in August 2022. "The Madison location had a challenging reputation,” Keenum recalls. "We brought that one back to life, and now it's getting great feedback from our guests.” Building on this success, Keenum opened a new Dickey's location on Fort Campbell Blvd. in Clarksville in July 2024, just a stone's throw from the local military base. "This store has been an exciting addition,” says Keenum. "We're working hard to introduce our brand to more of the Clarksville community and make this location a favorite among military families.” In August 2024, Keenum expanded again, taking over an existing location in Brentwood, TN, just outside Nashville. "This location is another opportunity to make a positive impact,” says Keenum. "We're focused on improving operations and creating a welcoming environment for our guests.” Doug's efforts exemplify the entrepreneurial spirit that defines Dickey's franchisees. Laura Rea Dickey, CEO of Dickey's Barbecue Restaurants, Inc., praises his resilience and strategic growth. "Doug's dedication to excellence and his ability to revitalize locations are truly inspiring,” she says. "He's a tremendous asset to the Dickey's family, and his success showcases the power of hard work and community focus.” Roland Dickey, Jr., CEO of Dickey's Capital Group, echoes these sentiments. "Doug has embraced the life of franchise ownership,” Roland says. "His growth in Tennessee reflects the strength of the Dickey's brand and the entrepreneurial vision that drives it forward.” Doug's three Tennessee locations are part of his mission to bring Legit. Texas. Barbecue. to more communities. With a focus on quality, hospitality, and community engagement, Keenum continues to expand and enhance the Dickey's experience for families across the state. About Dickey's Barbecue Restaurants, Inc. Founded in 1941 by The Dickey Family, Dickey's Barbecue Restaurants, Inc. is the world's largest barbecue concept and continues as a third-generation family-run business. For over 80 years, Dickey's Barbecue Pit has served millions with its signature Legit. Texas. Barbecue.TM Slow-smoked over hickory wood-burning pits, Dickey's barbecued meats are paired with a variety of southern sides. Committed to authentic barbecue, Dickey's never takes shortcuts-because real barbecue can't be rushed. With over 866 restaurants across eight concepts in the U.S. and several countries, Dickey's Barbecue Franchise and Dickey's Restaurant Brands continues to grow under the leadership of Roland Dickey, Jr ., CEO of Dickey's Capital Group, and Laura Rea Dickey, CEO of Dickey's Barbecue Pit, Inc. Dickey's has been recognized on Newsweek's 2022 "America's Favorite Restaurant Chains" list, Nation's Restaurant News 2024 top fast-casual brands for value, and USA Today's 2021 Readers' Choice Awards. The brand has also ranked in the Top 20 of Fast Casual's "Top 100 Movers and Shakers” for four of the past five years. Additional accolades include Entrepreneur's Top 500 Franchise and Hospitality Technology's Industry Heroes list. The brand has been featured by Fox News, Forbes, Franchise Times, The Wall Street Journal, and People Magazine . For more information, visit www.dickeys.com . For information about becoming a franchise partner, visit www.dickeysfranchise.com Attachment Doug Keenum and Team CONTACT: Louisa Garrett Dickey's Barbecue Pit [email protected]No, UnitedHealthcare didn’t post a job listing for a new CEO the day after Brian Thompson’s deathNEW YORK (AP) — Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 gained 0.8% Wednesday to break a two-day losing streak and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average lagged with a dip of 0.2%. Stocks got a boost as expectations built that the Fed will deliver another cut to interest rates at its meeting next week. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are rising Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve . The S&P 500 gained 0.9% and is on track to break its first two-day losing streak in nearly a month. The Dow Jones Industrial Average fell 7 points, or less than 0.1%, as of 2:45 p.m. Eastern time, and the Nasdaq composite climbed 1.8% and was heading for a record. Treasury yields edged higher in the bond market as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. Traders are betting on a 95% probability of that, according to data from CME Group, up from 89% a day before. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy, but they could also provide more fuel for inflation. Wednesday’s report said U.S. consumers paid prices in November that were 2.7% higher than a year earlier. That’s a slight acceleration from October’s inflation rate of 2.6%, but it was exactly what economists were expecting. Another report on inflation at the wholesale level will arrive on Thursday. “The data have given the Fed the ‘all clear’ for next week, and today’s inflation data keep a January cut in active discussion,” according to Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year , with the latest coming last week. On Wall Street, Stitch Fix jumped 47.8% after the company that sends clothes to your door reported a smaller loss for the latest quarter than analysts expected. It also gave financial forecasts for the current quarter that were better than expected, including for revenue. Albertsons edged down by 0.6% after filing a lawsuit against Kroger, saying it didn’t do enough for their proposed $24.6 billion merger agreement to win regulatory clearance. Albertsons said it’s seeking billions of dollars in damages from Kroger, whose stock rose 0.6%. A day earlier, judges in separate cases in Oregon and Washington nixed the supermarket giants’ merger. The grocers contended a combination could have helped them compete with big retailers like Walmart, Costco and Amazon, but critics said it would hurt competition. After terminating the merger agreement Albertsons said it plans to boost its dividend 25% and increased the size of its program to buy back its own stock. Mondelez, the company behind Oreo and other food brands, climbed 2.2% after announcing a plan to send cash to shareholders by buying back up to $9 billion of its own stock. The program replaces a prior $6 billion plan, which had about $2.8 billion of capacity remaining and would have otherwise expired at the end of next year. On the losing end of Wall Street, Macy’s fell 2.3% after cutting some of its financial forecasts for the full year of 2024, including for how much profit it expects to make off each $1 of revenue. Dave & Buster’s Entertainment sank 18.7% after reporting a worse loss for the latest quarter than expected. It also said CEO Chris Morris has resigned, and the board has been working with an executive-search firm for the last few months to find its next permanent leader. In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.23% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, rose to 4.16% from 4.14%. In stock markets abroad, indexes rose across much of Europe and Asia. Hong Kong’s Hang Seng was an outlier and slipped 0.8% as Chinese leaders convened an annual planning meeting in Beijing that is expected to set economic policies and growth targets for the coming year. South Korea’s Kospi rose 1%, up for a second straight day as it climbs back following last week’s political turmoil where its president briefly declared martial law. AP Writers Matt Ott and Zimo Zhong contributed.

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The next time Americans will see astronauts on the moon will now be no sooner than 2027, after NASA announced further delays to its Artemis program on Thursday. Artemis 2, a ten-day flight around the moon and back with a crew of four astronauts, is now planned for April 2026, instead of its former target of September 2025. Artemis 3, intended to be the first crewed mission to land on the moon in more than 50 years, is now planned for mid-2027. The Artemis program is NASA’s campaign to establish human presence on the moon once again, with lunar bases that will serve as a staging point for eventual missions to Mars. The program has faced several delays in the past and is estimated to cost $93 billion by the end of the 2025 fiscal year, wrote Alexandra Witze for Nature News in 2022. “The updates to our mission plans are a positive step toward ensuring we can safely accomplish our objectives at the moon and develop the technologies and capabilities needed for crewed Mars missions,” Catherine Koerner , NASA’s associate administrator for exploration systems development, says in a statement . The delays were announced after an investigation into the performance of the Orion crew capsule’s heat shield as the spacecraft re-entered Earth’s atmosphere during the 2022 Artemis 1 unmanned test mission . After the Orion space capsule returned to Earth , engineers noticed flaws in the spacecraft’s heat shield, the structure that protects its astronaut crew from the temperatures of atmospheric re-entry, which can reach up to 5,000 degrees Fahrenheit . The investigation found that during the 2022 re-entry test, hot gases trapped inside the heat shield’s outer layer were not able to “vent and dissipate as expected,” per another NASA statement . Instead, the gases built up pressure and cracked the Avcoat material that composes the heat shield’s outer layer and is designed to wear away as it heats. However, the team made another crucial finding—in localized areas of the heat shield, where the Avcoat was more permeable, the gases vented successfully and kept those regions from cracking. “We took our heat shield investigation process extremely seriously with crew safety as the driving force behind the investigation,” Howard Hu , manager of the Orion program at NASA’s Johnson Space Center, says in the statement. “The process was extensive. We gave the team the time needed to investigate every possible cause, and they worked tirelessly to ensure we understood the phenomenon and the necessary steps to mitigate this issue for future missions.” NASA notes that had there been a crew aboard the Artemis 1 flight, the data show they would have remained safe, despite the damage to the heat shield. Still, engineers will limit the time Orion spends in high temperatures by changing the trajectory of Artemis 2’s re-entry. During Artemis 1, Orion entered Earth’s atmosphere using a technique called skip guidance entry . Like a rock skipping across a pond, the spacecraft dips in and out of Earth’s atmosphere, slowing itself with drag and then rising with lift, until finally descending with parachutes for the splashdown. Engineers suggest this technique allowed enough heat to build in the heat shield and cause damage. Based on the findings of the investigation, NASA will shorten the duration of this skip phase for Artemis 2, reports Jeff Foust for Space News . The updated timeline will also allow NASA to troubleshoot technical issues, and the investigation was run in parallel to other assembly steps and testing to keep the timeline as close to the original as possible. In a new space race to land on the moon’s water-rich south pole, which could be used as a future source of fuel , the Artemis program is part of the United States’ plan to reach the moon before China, which announced a program to reach the moon by 2030 and establish a southern lunar research base by 2040 . “The Artemis campaign is the most daring, technically challenging, collaborative, international endeavor humanity has ever set out to do,” NASA Administrator Bill Nelson says in the statement. “We have made significant progress on the Artemis campaign over the past four years, and I’m proud of the work our teams have done to prepare us for this next step forward in exploration as we look to learn more about Orion’s life support systems to sustain crew operations during Artemis 2. We need to get this next test flight right. That’s how the Artemis campaign succeeds.” Get the latest stories in your inbox every weekday. Olatunji Osho-Williams | READ MORE Olatunji Osho-Williams is an intern with Smithsonian magazine.