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The Los Angeles Lakers’ regular-season success with LeBron James and Luka Doncic and the prospect of a deep playoff run faded and disappeared before May arrived on the West Coast.

No deep playoff run. No chance of a second-round series against Golden State or Houston and no chance of a conference finals series against Oklahoma City.

The Lakers’ season is over, and it took the sixth-seeded Minnesota Timberwolves just five games to upend the third-seeded Lakers.

Minnesota took Game 5 103-96, a road victory in which All-Star Anthony Edwards was 0-for-11 on 3-pointers and the Timberwolves were 7-for-47 on 3s. And they still won.

Since the NBA went from best-of-five to best-of-seven in the first round in 2003, the No. 6 seed has beaten the No. 3 seed 10 times. But don’t let Minnesota’s seed fool you. The Timberwolves, who reached last year’s Western Conference finals, are also capable of a deep playoff run.

Lakers coach JJ Redick, before he got testy with a reporter’s question and ended his pregame news conference before Game 5, said, “Any team that we play is going to be a challenge, and Minnesota has been more than a formidable challenge. They’re a really good basketball team.”

Edwards had a superior supporting cast than James and Doncic, and that includes Timberwolves center Rudy Gobert who demolished the Lakers in Game 5 with 27 points, 24 rebounds and two blocks.

The final game of the series was a microcosm of the series. Minnesota exposed the Lakers’ weaknesses over and over.

The Timberwolves outrebounded the Lakers 54-37, leading to a 20-10 edge in second-chance points. The Lakers also committed 15 turnovers, reducing their offensive opportunities, they were outscored in points in the paint 56-40 and were outscored 22-4 in bench points.

Those were issues for the Lakers throughout the series. Didn’t rebound enough. Didn’t defend enough. Didn’t have roster flexibility or depth.

Los Angeles rescinded the trade it made for Charlotte center Mark Williams at the trade deadline, but the Lakers rescinded the deal after the deadline expired, leaving it with no option to make an improvement at center or power forward.

Doncic played at least 40 minutes in all five games, and James played at least 40 minutes in the final four games, including 46 minutes in Game 4. They struggled offensively in the fourth quarter, including a combined 4-for-18 shooting from the field in the fourth quarter of Games 4 and 5.

That isn’t to shortchange the Timberwolves. Clearly, they were the better team, had the two-way players to make offense difficult for James and Doncic, and Julius Randle scored 27, 22, 25 and 23 points in the final four games of the series.

Whether the Timberwolves face Golden State or Houston in the second round – the Warriors lead the series 3-2 and Game 6 is Friday in San Francisco – they can win the series.

Follow NBA columnist Jeff Zillgitt on social media @JeffZillgitt

This post appeared first on USA TODAY

Was this — a blowout in a potential closeout game — an aberration, or did the Houston Rockets just unlock a formula to steal this series from the Golden State Warriors?

Wednesday night was just one game, so it’s difficult to put too much stock into this being an NBA playoffs series-defining momentum shift that spells trouble for the experienced and well-coached Warriors. But Houston’s 131-116 demolition showed that the Rockets’ best bet is unleashing their speed and athleticism to destabilize Golden State’s offense.

Still, the Warriors need just one win to dispatch the No. 2 seed.

But from tipoff, this game felt different.

The Rockets pressed Golden State on defense, using their length and speed to force the Warriors into long possessions and making Golden State work deep into the shot clock. The Rockets often forced turnovers, swiping seven steals before halftime. Houston also dropped into a zone, further slowing and frustrating Golden State’s operation.

Stephen Curry and Jimmy Butler, the two prominent Warriors players, missed their first seven combined shots, and forward Amen Thompson lulled Curry into a pair of uncharacteristic early giveaways.

The saving grace for Golden State was its bench, which scored 21 of the team’s first 29 points. But, by the time Golden State had scored its 29th point, the Rockets were already up by 25.

The Warriors clearly cannot compete against elite teams in the West if both Curry and Butler are off.

Houston’s defensive assault and subsequent up-tempo pace injected confidence and flow into the young offense. At the half, the Rockets were shooting a ridiculous 69.4% from the field — including 9-of-15 (60%) from 3. Houston also hammered the paint, with a 28-12 advantage there. Those seven Rockets steals before halftime also sparked a 10-2 lead on fastbreak points headed into the locker room.

And, as Golden State tried to contain Houston’s speed, the Warriors found themselves out of position; the Rockets made 20 trips to the free throw stripe by the end of the second quarter, converting 17.

It was telling that Warriors coach Steve Kerr subbed out his veteran Big 3 of Curry, Butler and Draymond Green with 5:50 left to play … in the third quarter. It was a concession that showed Kerr understood this was a lost game.

The Warriors did eventually close the gap to 14 on a 25-7 run, but that was sparked by Golden State’s third-string players after Kerr had emptied the bench.

Kerr, however, is a four-time NBA champion as a head coach, and one of the premier minds in basketball. He and the Warriors will almost certainly scheme up tweaks to try to neutralize Houston’s pace ahead of Friday’s Game 6 matchup in San Francisco.

The Rockets are trying to become just the 14th team in NBA history to overcome a 3-1 series deficit to advance in the playoffs, a deficit that has claimed a whopping 95.5% of teams that have encountered it.

Wednesday night showed if Houston is to push this series to the brink, it must keep leaning into its speed and athleticism — things that the Warriors cannot match on the floor, no matter what Kerr draws up on the clipboard.

This post appeared first on USA TODAY

Maia and Alex Shibutani are making a stunning return to competitive figure skating.

The ‘Shib Sibs’ announced Thursday morning that they will be back in competition next season ahead of the 2026 Winter Olympics in Milan-Cortina, returning to the sport more than seven years after they last skated for Team USA. Maia Shibutani, now 30, and Alex Shibutani, now 34, stepped away from figure skating after winning Olympic bronze in ice dance at the 2018 Pyeongchang Games.

‘Our experiences and the new skills we’ve developed during our time away from competition have brought us different perspectives and created some exciting new possibilities,’ Alex Shibutani said in a news release. ‘We don’t take any of this for granted. We’re really enjoying the process and look forward to performing and competing together again.’

The Shibutani siblings are among the most prominent ice dancing teams in U.S. history. After making their senior world championships debut in 2011, they went on to win three world medals, two national titles and two Olympic medals − in the ice dance and team events at the 2018 Games. They were inducted into the U.S. Figure Skating Hall of Fame in 2023, which was their first year of eligibility.

While the Shibutanis never formally announced their retirement, they were thought to be done after the 2018 Winter Olympics. Following those Games, they declined to compete at the 2018 world championships and said they would be taking a year off. Maia Shibutani then had surgery in late 2019 to remove a tumor from one of her kidneys, which was found to be cancerous.

As she recovered, the siblings began to shift their focus to other endeavors, writing four children’s books and trying new roles in choreography, photography and other creative lanes.

‘These past seven years have challenged and inspired us in ways we never expected,’ Maia Shibutani said in a statement. ‘I’m so happy and grateful to be healthy and in a position to make the decision to return to the sport I love in this way.’

The Shibutanis announced they will be training with two of their longtime coaches, Marina Zoueva and Massimo Scali − presumably with hopes of making it back to the Olympic Games for a third time. They finished ninth at the 2014 Sochi Games.

The ‘Shib Sibs’ will join a competitive U.S. ice dancing field that had one of its best ever performances at the most recent world figure skating championships in Boston, led by Madison Chock and Evan Bates, who won their third consecutive title. Christina Carreira and Anthony Ponomarenko finished just off the podium in fifth, followed by Caroline Green and Michael Parsons in ninth. Only three U.S. ice dance teams will compete in Milan.

Contact Tom Schad at tschad@usatoday.com or on social media @tomschad.bsky.social.

This post appeared first on USA TODAY

Jim Lampley is entering the ring again. His ring – a place the award-winning announcer called home for more than 30 years until HBO Boxing turned off the lights in 2018.

The Emmy winner, 76, is scheduled to call a boxing card featuring Ryan Garcia, Devin Haney and Teofimo Lopez on Friday in Times Square. It’ll be the first time in more than six years viewers will hear the smooth-toned, distinctive voice on the blow-by-blow call.

“I had dispensed with the notion that anybody was ever going to ask me to call fights again,’’ Lampley told USA TODAY Sports. “So it’s thrilling. It really is.’’

Fred Sternburg, a publicist inducted into the International Boxing Hall of Fame, said he thinks Lampley might become the oldest announcer to handle blow-by-blow duties.

“If it’s a fact, it scares me,’’ said Lampley, who was inducted into the International Boxing Hall of Fame in 2015. “But being scared is often good.’’

So says the announcer who covered 14 Olympics and called legendary boxing matches such as Buster Douglas’ shocking knockout victory over Mike Tyson in 1990 and George Foreman winning the heavyweight title at age 45 with a knockout of then 26-year-old Michael Moorer in 1994.

Now it’ll be Garcia vs. Rolando “Rolly’’ Romero, Haney vs. Jose Carlos Ramirez and Lopez vs. Arnold Barboza Jr. Lampley has had to prepare while promoting his recently released memoir – “It Happened! A Uniquely Lucky Life In Sports Television,’’ – and also welcoming a 12th grandchild into his blended family.

And now, a new chapter unfolds in New York.

“You don’t expect at my age to become the busiest man on the planet,’’ Lampley said, “but I kind of feel as though I am at this particular time.’’

How did Jim Lampley boxing return unfold?

On Feb. 1, Lampley was at the David Benavidez-David Morrell Jr. fight when members of the media found him. They called his attention to a post on X from Turki Al-Sheikh, the Saudi who’s become arguably the most powerful figure in boxing.

“I would like to have and invite Mr. Jim Lampley on the live broadcast of one of our upcoming cards,’’ the post read.

They were words Lampley had been waiting to hear since HBO shuttered its boxing division.

“It was a change in his life that he maybe still hasn’t entirely gotten over,’’ said Lampley’s wife, Debra, who of HBO’s Boxing closing down added, “It was dark days. They still had his contract, so he couldn’t work anyplace else.’’

When HBO bought out Lampley’s contract in 2020, the offers he thought would come never did.

So Lampley, who lives in Chapel Hill, North Carolina, taught a class in media for five semesters at his alma mater, North Carolina. Then, in 2023, he joined PPV.com, for whom he has co-hosted a live viewer chat during pay-per-view fights and also interviewed boxers. He was visible again.

Then came Al-Sheikh’s post. Followed by a meeting with the Saudi power broker.

“I shook his hand, I looked him in the eye,’’ Lampley said. “I have a personal relationship now and a friendship with Turki Al-Sheikh.’’

Perhaps a friendship that could lead to more announcing work for Lampley?

“Let’s do one and see what Turki thinks about it,’’ Lampley said. “It’s all up to him. … I’m not going to jump the gun or take any step ahead beyond where he wants to be. And all I know for certain about where he wants to be is let’s do this. So let’s do this and not get ahead of ourselves.’’

Jim Lampley, John Grisham and a book tour

On April 24, best-selling author John Grisham appeared with Lampley at a book signing event in Chapel Hill to help promote Lampley’s book.

“If you had told me a year ago, oh, you’ll be promoting your own book and John Grisham will be your co-host at a bookstore, I would’ve thought, this is insane,’’ Lampley said. “What are we talking about here? And we sold a hundred books, which is a pretty good haul.’’

Soon Lampley and his wife will be traveling to California to continue promoting the book. But first comes fight night.

“Am I going to be underprepared? I sort of feel like that might possibly be the case,’’ Lampley said. “I felt under-prepared for every one of the hundreds of fights that I called in my career leading up to this point. And I will feel the same way again next Friday night.

“In a way that’s good because it leaves you open to the spontaneous discovery of whatever happens in front of you in the fight, and you never know for sure.’’

Garcia, the featured fighter on the boxing card Friday night, is among those excited about Lampley’s return.

‘That’s one of the biggest things I think boxing was missing,” Garcia said. ‘A great voice, great commentator, and he tells the story good while you’re fighting. … I mean, he’s the best in the game. So for him to come back is huge. Shout out Turki for that.”

Ryan Garcia vs. Rolly Romero

This post appeared first on USA TODAY

President Donald Trump used to refer to Jeff Bezos as “Jeff Bozo.” Now, after more drama between the two men, Trump is calling the Amazon founder a “good guy.”

Amazon’s earnings report, scheduled for Thursday, already had investors on edge due to the president’s sweeping tariffs and the potential impact they’ll have across the tech giant’s numerous businesses. With its stock price down 17% this year, Amazon is expected to report its slowest rate of revenue growth for any period since 2022, and that doesn’t reflect the levies announced in early April.

The tension got amped up early this week.

The White House on Tuesday criticized Amazon for reportedly planning to display on its site how much the new tariffs on top U.S. trading partners are driving up prices for consumers. After the story was published by Punchbowl News, Trump called Bezos to complain.

Amazon swiftly responded and said no such change was coming.

“This was never approved and is not going to happen,” Amazon wrote in a blog post that totaled 31 words.

President Trump frequently hurled insults at Bezos during his firm term in the White House, largely because of the Amazon founder’s ownership of the Washington Post. Bezos has recently gone out of his way to try and mend the relationship, traveling to Washington, D.C., for the inauguration in January.

The president said he was pleased with their latest phone call.

“Jeff Bezos was very nice,” Trump told reporters later on Tuesday. “He was terrific. He solved the problem very quickly and he did the right thing. He’s a good guy.”

Amazon clarified that it was only considering displaying the import fees on products sold on its discount storefront, Amazon Haul, which competes with ultra-cheap Chinese retailer Temu. Products on Haul cost $20 or less and many of them are sold direct from China using the de minimis trade exemption. That loophole is set to go away next month after Trump signed an executive order, making it more expensive to ship those products to the U.S.

The clash with Trump highlights the pressure Amazon is under to blunt the impact of Trump’s aggressive tariffs on Chinese imports, which total 145%. The company faces significant exposure to the tariffs, primarily through its retail unit. Amazon sources some products from China, while many sellers on its third-party marketplace rely on the world’s second-largest economy to make or assemble their products.

The topic of tariffs will hover over Amazon’s first-quarter earnings report. Investors will want to know how higher import costs could impact its margins, and whether uncertainty around the tariffs has caused shoppers to be more cautious with their spending.

For the quarter, Amazon is expected to report earnings per share of $1.37 and revenue of $155.04 billion, according to LSEG, which would represent annual growth of just over 8% and would be the slowest rate of expansion since the second quarter of 2022.

Amazon CEO Andy Jassy told CNBC earlier this month that the company hasn’t seen a drop-off in consumer demand. Amazon is “going to try and do everything we can” to keep prices low for shoppers, including renegotiating terms with some of its suppliers, Jassy said. But he acknowledged some third-party sellers will “need to pass that cost” of tariffs on to consumers.

Analysts at UBS said in a note to clients on Tuesday that at least 50% of items sold on Amazon are subject to Trump’s tariffs and could become more expensive as a result.

“Consumers therefore might have to make more difficult choices on where to allocate their dollars,” wrote the analysts, who have a buy rating on Amazon shares.

Amazon has reportedly pressured some of its suppliers to cut prices to shrink the impact of Trump’s tariffs, according to the Financial Times.

Some sellers have already raised prices and cut back on advertising spend as they contend with higher import costs. Others are looking to secure new suppliers in countries like Vietnam, Mexico and India, where tariffs are increasing under Trump, but are mild compared with the levies imposed on goods from China.

Temu and rival discount app Shein implemented price hikes on many items last week. Temu has since added “import charges” ranging between 130% and 150% on some products.

Wall Street will likely be focused on Amazon’s commentary surrounding business conditions going forward. The third quarter will include the results of Amazon’s Prime Day shopping event, typically held in July across two days. Amazon sellers previously told CNBC they may run fewer deals for this year’s Prime Day to conserve inventory or because they can’t afford to mark down products any further.

Bank of America analysts said in a note to clients this week that it sees the potential for Amazon to give a “wider guidance range” in its earnings report on Thursday, “though the impact may be bigger in the third quarter.”

Analysts at Oppenheimer said investors are “highly uncertain” as to the impact of tariffs on Amazon’s e-commerce business. The firm has an outperform rating on Amazon’s stock.

“We are assuming Q3 is the quarter most impacted as sellers should still have pre-tariff inventory through May and therefore don’t need to raise prices yet,” the analysts wrote.

Amazon didn’t provide a comment beyond its short statement on Tuesday.

This post appeared first on NBC NEWS

Nvidia CEO Jensen Huang said on Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.”

Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be “right behind” the U.S. for now, but it’s a narrow gap.

“We are very close,” he said. “Remember this is a long-time, infinite race.”

Nvidia has become key to the world economy over the past few years as it makes the chips powering the majority of recent advanced AI applications. The company faces growing hurdles in the U.S., including tariffs and a pending Biden-era regulation that would restrict the shipment of its most advanced AI chips to many countries around the world.

The Trump administration this month restricted the shipment of Nvidia’s H20 chips to China without a license. That technology, which is related to the Hopper chips used in the rest of the world, was developed to comply with previous U.S. export restrictions. Nvidia said it would take a $5.5 billion hit on the restriction.

Huawei, which is on a U.S. trade blacklist, is reportedly working on an AI chip of its own for Chinese customers.

“They’re incredible in computing and network tech, all these central capabilities to advance AI,” Huang said. “They have made enormous progress in the last several years.”

Nvidia has made the case that U.S. policy should focus on making its companies competitive, and that restricting chip sales to China and other countries threatens U.S. technology leadership.

Huang called again for the U.S. government to focus on AI policies that accelerate the technology’s development.

“This is an industry that we will have to compete for,” Huang said.

Trump on Wednesday called Huang “my friend Jensen,” cheering the company’s recent announcement that it planned to build $500 billion in AI infrastructure in the U.S. over the next five years.

Huang said he believes Nvidia will be able to manufacture its AI devices in the U.S. The company said earlier this month that it will assemble AI servers with its manufacturing partner Foxconn near Houston.

“With willpower and the resources of our country, I’m certain we can manufacture onshore,” Huang said.

Nvidia shares are down more than 20% this year, sliding along with the broader market, after almost tripling in value last year. The stock fell almost 3% on Wednesday.

This post appeared first on NBC NEWS

Speaking overall, the stock market hasn’t changed course after last week’s bounce; the upside momentum is still here, albeit acting a little tentative. One piece of news that may have helped move the market higher on Tuesday, though, was President Trump’s decision to scale back on auto tariffs.

Investors seem to be looking forward to any news of progress on trade negotiations and key economic data, namely Q1 GDP, March personal consumption expenditures price index (PCE), and the April jobs report. There are also some important earnings this week, including META Platforms, Inc. (META), Microsoft Corp. (MSFT), Amazon.com, Inc. (AMZN), and Apple, Inc. (AAPL), among others. So, don’t be surprised if there’s some turbulence this week.

Recent economic data hasn’t moved the needle much. The latest JOLTS report showed fewer job openings in March, but layoffs declined. This indicates the labor market is still strong. The April nonfarm payrolls report on Friday will bring more clarity.

Consumer confidence took a hit, falling to its lowest reading since May 2020. This drop reflects concerns about tariffs and how they might push up prices. The bottom line is that consumers are nervous about what’s ahead.

Technical Update

Despite its bounce, the S&P 500 ($SPX) is still down around 9.0% from its February high, but up about 15% from its April lows. The weekly chart below has the Fibonacci retracement levels from the October 2022 lows to the February 2025 highs. The index bounced off its 50% retracement level and is now above its 38.2% level. It’s also trading below its 40-week simple moving average (SMA), which is the equivalent of a 200-day SMA.

FIGURE 1. WEEKLY CHART ANALYSIS OF S&P 500. The index has bounced off its 50% Fibonacci retracement level, and breadth is improving. However, the market appears to be in a wait-and-see mode, and any negative news could send the index lower. Chart source: StockCharts.com. For educational purposes.

It’s encouraging to see the S&P 500 Bullish Percent Index (BPI) above 50%, and the percentage of S&P 500 stocks trading above their 200-day moving average showing slight signs of reversing from a downtrend. However, the S&P 500 appears indecisive and is waiting for some catalyst to move the index in either direction.

Does the daily chart show a different scenario? Let’s take a look.

FIGURE 2. DAILY CHART ANALYSIS OF S&P 500. The 50% Fibonacci retracement level is an important level to monitor since it could act as a support level. Resistance levels to the upside are the 50-day moving average, the 61.8% Fib retracement level, and the 200-day moving average. Chart source: StockCharts.com. For educational purposes.

The daily chart of the S&P 500 above shows the index trading below its 200-day SMA. In addition, the 50% Fibonacci retracement level (from the February 2025 high to the April 2025 low) is acting as a support level. One point to note is the wide-ranging days in April, which have subsided toward the end of the month. This suggests investors have calmed down—the Cboe Volatility Index ($VIX) has pulled back and is now below 30.

The short-term perspective shows the trend is leaning toward moving higher. Keep an eye on the 5500 level as support and the 50-day SMA as the next resistance level. If the S&P 500 can break above the 61.8% Fibonacci retracement level with strong momentum, that’s reason to be optimistic. A break above the 200-day SMA would be more optimistic.

While the S&P 500 is inching higher, something is brewing beneath the surface—a shift toward the more defensive sectors.

Sector Rotation: Defensive Gains

The Relative Rotation Graph below shows that for the week, defensive sectors—Consumer Staples, Utilities, and Health Care—are leading, while offensive sectors, like Technology, Consumer Discretionary, and Communication Services, are lagging.

FIGURE 3. RELATIVE ROTATION GRAPH. Defensive sectors are leading while offensive sectors are lagging. Monitor sector rotation carefully as we head into a volatile trading week. Chart source: StockCharts.com. For educational purposes.

This isn’t unusual, since investors are feeling more cautious and looking for stability.

What’s Ahead?

There’s still key economic data to monitor this week. Here’s what’s ahead:

  • Wednesday: March personal consumption expenditures (PCE), the Fed’s favored inflation measure. A stronger-than-expected number could send the market lower since it may make the Fed more hawkish. There’s also the Q1 GDP growth, which will indicate if economic growth is stalling or continues to be strong.
  • Friday: April nonfarm payrolls will give us an idea of the strength of the labor market. Evidence of a strengthening labor market would reduce the probability of an interest rate cut, which could put pressure on stocks.

Closing Position

The market is feeling cautious, waiting for the next catalyst to send stock prices higher or lower. And any of this week’s events—economic data, big tech earnings, and trade talks—could make or break this week’s price action. However, even if the S&P 500 trends higher, it doesn’t necessarily mean the big tech growth stocks are leading the move higher. Do a sector drill-down from our new Market Summary page and invest accordingly.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

If you’ve been exploring ways to take your options trading to the next level, the OptionsPlay Add-On for StockCharts is the single most impactful upgrade you can make. And now, it’s even better.

Courtesy of a big and highly-anticipated update, the Strategy Center within the OptionsPlay Add-On now runs directly on your ChartLists—allowing you to discover optimal Covered Calls, Short Puts, Debit and Credit Spreads, and Iron Condors on the stocks you follow or scan for. This new feature turns OptionsPlay into a fully personalized strategy engine, delivering the options ideas you need, when you need them.

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Your ChartLists represent your research, your insights, and your trading edge. Now, instead of scanning for the best options strategies on our list of ideas, you can apply them directly to the stocks you’ve chosen to follow.

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OptionsPlay was already a powerful companion for options traders on StockCharts. But this latest update transforms it into something even more valuable—a personalized trading assistant that works with your existing workflow.

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Shares of Tesla Inc. (TSLA) have been decidedly rangebound over the last two months, bouncing between support around $220 and resistance at $290. The recent price action, as well as the momentum characteristics, have confirmed this sideways trend for TSLA. How the stock exits this consolidation phase could make all the difference!

In this article, we’ll look at this intriguing technical setup, showing how changes in momentum could confirm a new breakout phase. From there, we’ll examine how we can use a “stoplight” technique to better define risk and reward for this leading growth stock.

It’s Definitely Time to Go Fishing

Jesse Livermore famously said, “There’s a time to go long, time to go short, and time to go fishing.” And were he alive today, I think the chart of Tesla would definitely elicit a “time to go fishing” mindset for Livermore.

With the stock bouncing consistently between clear support and clear resistance, this appears to be in a straightforward consolidation phase.

After peaking in December 2024 around $480, TSLA dropped to a March 2025 low around $220. From there, the price has rotated between the 200-day moving average as resistance and that $220 level as support. To be clear, the countertrend rallies in March and April have been impressive, but they have not yet provided enough upside pressure to propel Tesla back above the crucial 200-day moving average.

Momentum Indicators Confirm the Sideways Trend

As we love to highlight on our daily market recap show, RSI can be such a valuable tool to assess the interplay between buyers and sellers. During a bullish phase, the RSI usually ranges between 40 to 80, as dip buyers use pullbacks to add to existing positions.

We can see this pattern from June 2024 through the end of January 2025, as the RSI remained above 40 on pullbacks within the bullish trend phase. Then, in February 2025, the RSI pushed below 40 as TSLA broke below its 50-day moving average. We’ve color-coded this section red, showing how the entire range of the RSI drifted lower during a clear distribution phase.

Over the last six weeks, the RSI has been in a tight range between 40 and 60. As the price of Tesla has remained rangebound, the momentum readings suggest an equilibrium between buyers and sellers. Until the RSI breaks out of its own sideways range, the chart is suggesting we wait for new information to change the picture.

A Breakout Above $290 Would Suggest a Bullish Resolution

So if we apply a “stoplight technique” to the chart of Tesla, we can better visualize how we might approach this stock from a technical perspective as we negotiate an end to this consolidation pattern.

If we see a positive resolution to the pattern, and TSLA is able to finally clear price resistance and the 200-day moving average around $290, that would indicate a new accumulation phase with further upside potential. A break below $220, on the other hand, would suggest a lack of willing buyers at support and, most likely, a new distribution phase.

As long as TSLA remains below $220 and $290, Jesse Livermore would suggest we “go fishing” instead of taking a shot at an underwhelming chart!

One more thing… I’ve heard from many investors that struggle with selling too early, leaving potential future gains on the table.  Is there anything more painful than that?  My recent video may give you some ideas of how to address this in your own investment process.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

Here’s a quick recap of the crypto landscape for Monday (April 28) as of 9:00 p.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) was priced at US$94,867.28 as markets closed for the day, up 0.4 percent in 24 hours. The day’s range has seen a low of US$93,589.07 and a high of US$95,212.29.

Bitcoin performance, April 28, 2025.

Chart via TradingView.

Bitwise CEO Hunter Horsley said heightened institutional activity drove Bitcoin’s rally to US$94,000.

In a client note, Greg Cipolaro, the global head of research at NYDIG, said, “Bitcoin has acted less like a liquid levered version of levered US equity beta and more like the non-sovereign issued store of value that it is.” However, it’s worth noting that Bitcoin fell by about US$2,000 after the markets opened in tandem with declining US Treasury yields.

Ethereum (ETH) ended the day at US$1,799.74, a 0.5 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$1,754.97 and a high of US$1,803.29.

Altcoin price update

  • Solana (SOL) ended the day valued at US$148.64, down one percent over 24 hours. SOL experienced a low of US$145.89 and peaked at $150.06.
  • XRP traded at US$2.30, reflecting a 0.8 percent increase over 24 hours. The cryptocurrency recorded an intraday low of US$2.26 and reached its highest point at US$2.31.
  • Sui (SUI) was priced at US$3.61, showing an increaseof 0.6 percent over the past 24 hours. It achieved a daily low of US$3.55 and a high of US$3.73.
  • Cardano (ADA) was trading at US$0.7091, up 1.1 percent over the past 24 hours. Its lowest price on Monday was US$0.6879, with a high of US$0.7136.

Today’s crypto news to know

US$330 million Bitcoin transfer sparks concern

On-chain investigator and analyst ZachXBT has called out a “suspicious transfer” of 3,520 BTC to a new address just after midnight on Monday; the coins were worth approximately US$330.7 million at the time.

“Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike 50%,” Zach wrote, adding that the move was “likely a theft” roughly an hour later.

Zach concluded that a longtime holder using major exchanges to suddenly transfer a large sum in many small, costly increments to instant exchanges would be an inefficient method for legitimate use.

To date, there has been no confirmation of anyone coming forward to say they have been robbed. Monero’s price has retracted to near its post-spike price, up 10 percent in 24 hours to US$253.09 at the time of writing.

Loopscale suffers hack, bounty negotiations ongoing

On Saturday (April 26), approximately US$5.8 million of USDC and SOL were stolen from the Solana-based DeFi protocol Loopscale. Roughly US$5.7 million UDSC and around 1,200 SOL were taken from Genesis vaults.

Loopscale’s analysis reveals that the attackers manipulated Loopscale’s RateX PT token, which allowed them to exploit a flaw in how the system determined the value of deposited assets.

The stolen funds represent around 12 percent of Loopscale’s total value locked.

In response, Loopscale suspended all withdrawals from its vaults and temporarily halted trading. The platform has offered the attackers a 10 percent bounty and said it would not pursue legal action if the remaining 90 percent is returned. According to Loopscale’s update, posted on X on Sunday (April 27) evening, the attackers agreed to return the funds in exchange for a bounty, but said they expected 20 percent. According to the latest update from Etherscan, negotiations are ongoing, and there have been no reports of the funds being returned as of the time of writing.

Strategy stacks US$1.42 billion in Bitcoin

Bitcoin bull Michael Saylor’s firm, Strategy, added another 15,355 BTC to its holdings last week, spending roughly US$1.42 billion between April 21 and 27 as Bitcoin surged past the US$90,000 mark.

According to Strategy’s April 28 filing with the US Securities and Exchange Commission, the purchase was made at an average price of US$92,737 per Bitcoin, bringing the company’s total haul to a staggering 553,555 BTC — now valued at more than US$50 billion. The move marks Strategy’s largest Bitcoin acquisition since late March and reflects the firm’s aggressive accumulation strategy despite growing market volatility.

On social media, Saylor celebrated the purchase, noting that Strategy’s Bitcoin yield now sits at 13.7 percent year-to-date, and reaffirmed his belief that Bitcoin remains massively undervalued despite its recent rally.

With the company’s market cap pushing toward US$100 billion and Bitcoin trading around US$95,000, Strategy’s latest moves signal continued institutional confidence in Bitcoin as a core asset class.

Grayscale pushes SEC to approve Ethereum ETF staking

Grayscale Investments is renewing pressure on the US Securities and Exchange Commission (SEC) to allow staking activities for Ethereum exchange-traded funds (ETFs), highlighting that restrictive rules have already cost US funds more than US$61 million in foregone rewards.

In a high-level meeting with the SEC’s Crypto Task Force, Grayscale executives presented a proposal to amend existing Ethereum ETF filings to permit staking, emphasizing the competitive disadvantage US funds now face compared to their European and Canadian counterparts.

Grayscale argued that staking would not only enhance investor returns but also contribute to Ethereum network security, supporting a more resilient decentralized infrastructure.

The company also laid out a liquidity management plan to address concerns about redemption risks, including credit facilities and liquidity sleeves with custodians like Coinbase Custody.

Coinbase to launch Bitcoin yield fund

Coinbase is set to introduce the Coinbase Bitcoin Yield Fund on May 1, which will offer exposure to institutional investors from outside the US. “This fund is a conservative strategy that seeks a 4-8 percent net return in Bitcoin per year, over a market cycle, with investors subscribing and redeeming in Bitcoin,” the company said on Monday.

The yield will be generated through a cash-and-carry strategy, through the difference between spot Bitcoin prices and derivatives, as Bitcoin itself lacks a built-in mechanism for generating passive income like staking on other blockchains.

According to Coinbase, custodians of the fund will trade using third-party custody integrations to lessen counterparty risk, avoiding higher-risk Bitcoin lending and systematic call selling.

SEC’s Peirce likens US crypto regulation to ‘floor is lava,’ demands real reform

SEC Commissioner Hester Peirce delivered a blistering critique of US crypto regulations, comparing them to the children’s game ‘floor is lava,’ where firms must hop precariously across unclear legal guidelines to avoid regulatory pitfalls.

Speaking at the SEC’s “Know Your Custodian” roundtable on April 25, Peirce criticized the lack of coherent, actionable rules for investment advisers, custodians and exchanges dealing with crypto assets.

She stressed that without clear definitions around securities classifications and custodial qualifications, the industry is being paralyzed by uncertainty, stifling innovation and deterring responsible market participants.

Fellow commissioner Mark Uyeda reinforced Peirce’s warnings, urging the SEC to expand custodial options by recognizing state-chartered trust companies, a move he said is essential to the healthy development of crypto trading platforms and alternative trading systems.

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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