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April 30, 2025

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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.

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.

What Makes the OptionsPlay Add-On So Powerful?

Whether you’re a beginner looking for guided trade setups or a seasoned options trader managing multiple strategies, the OptionsPlay Add-On brings you three core advantages:

1. Trade the Highest Potential Setups.

Every list of stocks is analyzed in real time to identify the highest yielding strategy—whether income-oriented like a Covered Call or directional like a Debit Spread—complete with strategy scores, max gain/loss, break-even points, and probability of success, so you are only trading the highest potential setups.

2. Find New Ideas & Generate Ideas from your Lists.

Up until now, users have relied on daily trade ideas curated by the OptionsPlay team. These are still available—and still quite valuable. But now, you can apply the same strategy engine to your own ChartLists: your holdings, your watchlists, and your scans.

This means you can:

  • Identify the highest-yielding Covered Calls on the stocks you own
  • Trade the best-scoring strategies on the technical breakouts you’re tracking
  • Get paid the largest discounts to buy the stocks you love with Short Puts

All ranked—automatically.

3. Fully Personalized to You.

You can customize your options strategies for:

  • Preferred Option Strategy & Outlook
  • Days to expiration
  • Strike Selection
  • Risk tolerance

With one click, OptionsPlay surfaces only the trades that fit your profile in under two seconds, so you can make decisions faster and with full confidence.


Why the ChartList Integration Changes Everything

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.

This is especially powerful if you:

  • Manage a long-term portfolio and want to generate income
  • Actively trade sectors, earnings setups, or technical breakouts
  • Prefer scanning based on technical criteria before looking at the options chain

With this new integration, you can:

  • Launch the Strategy Center
  • Select Any ChartList
  • Instantly see top-ranked strategies for each stock
  • Customize based on your preferences
  • Analyze and trade immediately

Pro Tip – Maximize StockCharts & OptionsPlay Scanning

  1. Create a Technical Scan using StockChart’s Advanced Scan Workbench
  2. Save your Scan Results to a ChartList or Schedule your Scan to replace your ChartList
  3. Open the OptionsPlay Strategy Center
  4. Select Your ChartList and see the best options strategies on your Scan Results
  5. Trade your best technical setups with the highest yielding options strategies

Final Thoughts

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.

Whether you’re trading for income, growth, or hedging risk, the OptionsPlay Add-On gives you the structure, confidence, and efficiency to act decisively.


Add the OptionsPlay Add-On to your StockCharts account todayand unlock the power of strategy-driven trading on your terms.

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.

Challenger Gold Limited (ASX: CEL) (“CEL” the “Company”) notes the ASX Release by Austral Gold Limited titled ‘Austral Gold Provides Update on Casposo Plant Refurbishment’ today. The release provides an update on the refurbishment of the Casposo Processing Plant and reports that the refurbishment is on track for the start up of commercial operations in the second half of 2025.

HIGHLIGHTS

  • Austral Gold announced that Casposo Plant refurbishment is advancing safely and efficiently across all core workstreams.
  • Austral update aligns with second independent plant inspection commissioned by CEL.
  • CEL’s inspection was undertaken by the same process engineers that completed the Audit of the Casposo Plant and Restart Plan in December 2024.
  • Key takeaways from the second inspection report commissioned by CEL are:
    • Robust advancement across all key processing areas
    • Progress in line with existing refurbishment schedule
    • Solid-liquid separation capacity (previously identified as a key risk) appears adequate for the required 1000 TPD capacity
    • Sufficient time remaining to complete all maintenance work to meet the commissioning target in Toll Milling Agreement during the second half of 2025.

The Austral update aligns with a second independent plant independent inspection report received by the Company during April 2025. This report was prepared by the leading process group that completed the independent Audit of the Casposo Plant in December 2024 (ASX Release dated 13 December 2024).

Background to Toll Milling

The Company has executed a binding Agreement with Casposo Argentina Mining Limited, the operator of the Casposo Plant located in San Juan Argentina. This Toll Milling Agreement secures processing of a minimum of 450,000t of near surface Hualilan mineralised material over 3 years (ASX Release dated 30 December 2024).

The Casposo Plant, located 170km from Hualilan via established roads, has historically produced over 323,000 ounces of gold and 13.2 million ounces of silver. During operations, the plant achieved average annual production of 40,000 ounces of gold and 1.6 million ounces of silver at recoveries of 90% for gold and 79% for silver. The plant has been on care and maintenance.

The primary objective of this Toll Milling strategy is to capitalise on the current high gold price (above US$3,300/oz) to generate early cash flow. This cashflow will be allocated towards the construction of the standalone Hualilan Gold project including a Flotation with Tails Leach (“FTL”) circuit, a potential Heap Leach (“HL”) pad at Hualilan, and open pit mining fleet.

Click here for the full ASX Release

This post appeared first on investingnews.com

Amid rising production and weakening demand, the global nickel market is forecast to swing into a 198,000 metric ton (MT) surplus in 2025, according to the International Nickel Study Group (INSG).

In an April 24 release, the INSG said that world primary nickel production is expected to reach 3.735 million MT this year, outpacing the primary usage forecast of 3.537 million MT for 2025.

The nickel sector recorded surpluses of 170,000 MT in 2023 and 179,000 MT in 2024.

‘The world economy is currently facing changes to national policies, namely related to trade. This will probably contribute to a higher level of uncertainty regarding raw materials markets,’ the group notes.

Prices for nickel, a critical component in stainless steel and electric vehicle (EV) batteries, have struggled under mounting oversupply. After losing more than 7 percent in 2024, nickel prices continued to show volatility in Q1 2025.

Nickel hit five year lows in the US$15,000 per MT range in early April, driven by a combination of global overproduction, tight ore availability and geopolitical tensions, including the escalation of US tariffs on Chinese goods.

Indonesia, the world’s largest nickel producer, is at the heart of these market dynamics. The INSG said ‘delays in the issuance of mining permits’ are creating ore tightness, even as refined production continued at elevated levels.

In 2024, Indonesia mined an estimated 2.2 million MT of nickel, accounting for over half of global output.

However, regulatory uncertainty has compounded challenges for Indonesian producers.

The country’s newly approved royalty hikes, which increase the rate from 10 percent to between 14 and 19 percent depending on nickel prices, have sparked backlash from industry stakeholders. In a letter shared with the government, they called the increases “unrealistic and (not reflective of) the current state of the industry.”

Filipino policymakers have proposed following Indonesia’s earlier example by banning exports of raw nickel, a move that, if implemented, could introduce fresh instability to global supply chains reliant on Southeast Asian ore.

China’s expanding nickel output

In China, the INSG forecasts further growth in primary nickel output in 2025, fueled by expansions in nickel cathode and nickel sulfate production. This growth is expected even as nickel pig iron output declines.

Yet demand in China — the world’s largest nickel consumer — faces headwinds. Tariffs from the US and sluggish activity in key sectors like construction and home appliances have pressured stainless steel demand.

According to the INSG, stainless steel production in China grew 10.6 percent year-on-year in the first quarter of 2025, with analysts expecting another year of surplus.

At the same tiime, the nickel-intensive EV battery market has been slower to expand than anticipated. Increased reliance on lithium iron phosphate (LFP) batteries, which do not require nickel, and rising demand for plug-in hybrids over fully electric vehicles, have both dampened growth prospects for nickel demand.

US tariffs deepen market volatility

The Trump administration’s escalating tariffs against China have also weighed heavily on the market — nickel prices dropped 11.5 percent in the week after new tariffs were announced on April 2.

The impact of tariffs on midstram and downstream battery products has been especially severe.

Thomas Matthews, an analyst at CRU Group, explained during a recent webinar that US tariffs on Chinese goods will soon amount to 173 percent for energy storage batteries and 143 percent for EVs.

“We’ve already seen that there was significant amounts of stockpiling prior to the tariffs being implemented,” he said, adding, “But there are also now huge volumes of batteries that are sitting in US bonded warehouses, which is proving to be a major headache for the importers.’ Matthews also noted that although imports of cobalt and lithium remain exempt from new tariffs, “nickel, interestingly, is currently not exempt.”

The INSG’s next meetings are scheduled for October 6, 2025. In the meantime, with surplus forecasts rising and demand signals weakening, nickel faces another challenging year ahead.

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

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This post appeared first on investingnews.com

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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This post appeared first on investingnews.com

Tensions between India and Pakistan have escalated further after a top Pakistani official claimed early Wednesday it has “credible intelligence” that New Delhi will carry out a military action against Islamabad within the next two days.

The claim came as both the United States and China urged restraint.

“Pakistan has credible intelligence that India intends carrying out military action against Pakistan in the next 24-36 hours,” Pakistan’s Information Minister Attaullah Tarar said in an unusual middle of the night post on X. He did not elaborate on what evidence Pakistan had used to make the claim.

Tarar’s comments come just one week after militants massacred 26 tourists in the mountainous town of Pahalgam in Indian-administered Kashmir, a rampage that has sparked widespread outrage.

India has accused Pakistan of being involved in the attack — a claim Islamabad denies. Pakistan has offered a neutral investigation into the incident.

Kashmir, one of the world’s most dangerous flashpoints, is controlled in part by India and Pakistan but both countries claim it in its entirety.

The two nuclear-armed rivals have fought three wars over the mountainous territory that is now divided by a de-facto border called the Line of Control since their independence from Britain nearly 80 years ago.

Last week’s attack sparked immediate widespread anger in India and Prime Minister Narendra Modi is under tremendous pressure to retaliate with force.

India conducted airstrikes inside Pakistan in 2019 following a major insurgent attack on paramilitary personnel inside Indian-administered Kashmir. It was the first such incursion into Pakistan’s territory since a 1971 war between the two neighbors.

The latest attack on tourists in Kashmir has sparked fears that India might respond in a similar way.

Modi vowed to pursue the attackers “to the ends of the earth” in a fiery speech last week. The massacre set off an escalating tit-for-tat exchange of hostilities between the two countries over the past week.

Pakistan’s Tarar on Wednesday claimed any “military adventurism by India would be responded to assuredly and decisively.”

US and China react

Secretary of State Marco Rubio will speak to his counterparts in India and Pakistan to urge calm, possibly “as soon as today,” State Department spokesperson Tammy Bruce said on Tuesday.

“We are reaching out to both parties, and telling, of course, them to not escalate the situation,” Bruce told reporters, quoting a statement by Rubio.

New Delhi is considered an important partner for Washington as it seeks to counter China’s influence in the Indo-Pacific region. Pakistan is also considered a key US partner.

China, which also claims control of part of Kashmir and has grown closer to Pakistan in recent years, has also urged restraint.

China’s foreign minister Wang Yi spoke to Pakistan’s deputy prime minister and foreign minister Ishaq Dar last week, saying any conflict between Pakistan and India would “not serve the fundamental interests of each side” and posed a risk to regional security, state broadcaster CGTN reported.

India and China’s relationship has proved fractious in recent years, with clashes at their contested border. Meanwhile, Beijing and Islamabad have strengthened ties, with China continuing to invest in Pakistan under its Belt and Road Initiative.

Tit-for-tat moves

In the days after the Pahalgam attack, India swiftly downgraded ties with Pakistan cancelling visas of Pakistani nationals and suspending its participation in a crucial water-sharing pact.

The Indus Water Treaty has been in force since 1960 and is regarded as a rare diplomatic success story between the two fractious neighbors.

The treaty governs the sharing of water from the enormous Indus River system, a vital resource supporting hundreds of millions of livelihoods across Pakistan and northern India. The Indus originates in Tibet and flows through China and Indian-controlled Kashmir before reaching Pakistan.

Islamabad has called any attempt to stop or divert water belonging to Pakistan an act of war.

This week, New Delhi and Islamabad have both been flexing their military might.

Two days earlier, India’s navy said it had carried out test missile strikes to “revalidate and demonstrate readiness of platforms, systems and crew for long range precision offensive strike.”

Tensions have been also been simmering along the Line of Control and gunfire has been exchanged along the disputed border for five straight nights.

This is a developing story and will be updated.

This post appeared first on cnn.com

As servicemen aboard the US Navy aircraft carrier dumped millions of dollars of military hardware into the South China Sea, the commander chose not to watch.

Capt. Larry Chambers knew his order to push helicopters off the flight deck of the USS Midway could cost him his military career, but it was a chance he was willing to take.

Above his head, a South Vietnamese air force major, Buang-Ly, was circling the carrier in a tiny airplane with his wife and five children aboard and needed space to land.

It was April 29, 1975. To the west of where the Midway was operating, communist North Vietnamese forces were closing in for the capture of Saigon, the capital of South Vietnam, which the US had supported for more than a decade.

Buang feared his family would pay a terrible price if captured by the communists. So, he jammed his family aboard the single-engine Cessna Bird Dog he found on minor airstrip near Saigon, headed out to sea – and hoped.

And luckily Buang ran into another “idiot,” as Chambers puts it.

The Midway’s deck was crowded with helicopters that Tuesday because it was assisting in Operation Frequent Wind, the helicopter evacuation of Saigon.

Some 7,000 South Vietnamese and Americans would make their way onto US Navy ships on April 29 and 30 in frenzied escapes from Saigon. Some 2,000 of them found their way onto Midway. But few could rival the drama of the family of seven in that two-seat Cessna.

Buang had no radio and so the only way to let the captain of the Midway know he needed help was to drop a handwritten note onto its deck as he flew overhead.

Several attempts failed before finally one found its mark.

“Can you mouve [sic] these Helicopter to the other side, I can land on your runway, I can fly 1 hour more, we have enough time to mouve. Please rescue me, Major Buang wife and 5 child,” it read.

Capt. Chambers had a choice to make: clear the deck as Buang requested; or let him ditch in the ocean. He knew the aircraft, with its fixed landing gear, would flip over once it hit the water. Even if it held together, flipping would doom the family to drowning.

He couldn’t let that happen, he said, even though his superiors did not want the small aircraft to land on the carrier.

Neither did the Midway’s air boss, who ran flight deck operations.

“When I told the air boss we’re going to make a ready deck (for the small plane), the words he had to say to me I wouldn’t want to print,” Chambers said.

Chambers said he ordered all of the ship’s 2,000-person air wing up to the deck to prepare to receive the small plane and turned his ship into the wind to make a landing possible.

Crewmen pushed helicopters – worth $30 million by some accounts – off the deck. American, South Vietnamese, even CIA choppers splashed into the waves.

Chambers still doesn’t know exactly how many. “In the middle of chaos, nobody was counting,” he said.

And he wasn’t looking.

Because he was disobeying the orders of his superiors in the US fleet, he knew his decision could land him a punishment that included being kicked out of the Navy.

“So that was my defense. It was kind of a stupid idea at the time, but at least it gave me the confidence to go ahead and do it.”

With enough space cleared, Buang touched down on the Midway. Crewman grabbed onto the light plane with their bare hands to make sure it wasn’t blown off the deck in the strong winds coming across it. The rest of the crew cheered.

“He’s probably the bravest son of a bitch I’ve run into in my whole life,” said of Buang, adding that the South Vietnamese pilot was trying save his family by landing on an aircraft carrier – something he’d never done before – in a plane not designed for that.

“I was just clearing the runway for him … that’s all you can do.”

And life came before hardware, he said.

“We do the best we can saving human lives. That’s the only thing you can do.”

The final days of the Vietnam War

The fall of Saigon brought the final curtain down on a grinding conflict that unleashed devastation across the region, cost more than 58,000 American and millions of Vietnamese lives, saw the might of US military power fought to a bloody stalemate and triggered huge social unrest at home.

The 50th anniversary on Wednesday will trigger complex and mixed emotions for those who lived through it.

For Vietnam’s government, still run by the same Communist Party that swept to victory, it will be a week of huge parades and celebrations, officially known as “Liberation of the South and National Reunification Day.” For those South Vietnamese who had to flee, many of whom settled in the US, the anniversary has long been dubbed “Black April.”

For US veterans, it will once again raise the age-old question – what was it all for?

Chaos ruled Saigon in the last week of April 1975.

Though more than a decade of US military involvement in the Vietnam War had officially ended with the signing of the Paris Peace Accords with North Vietnam in January 1973, the deal didn’t guarantee an independent state in the South.

The administration of US President Richard Nixon had pledged to keep up military aid for the government in Saigon, but it was a hollow promise that would not last into the era of his successor Gerald Ford. Americans, tired of a divisive war that had cost so many lives and hundreds of billions in taxpayer dollars, were broadly unsupportive of the South Vietnamese regime.

In early March 1975, North Vietnam launched an offensive into the South that its leaders expected would lead to the capture of Saigon in about two years. Victory would come in two months.

On April 28, North Vietnamese forces attacked Tan Son Nhut Air Base in Saigon, making an evacuation by airplane impossible. There was no other place in the city that could handle large aircraft.

With helicopter evacuation the only option, Washington launched Operation Frequent Wind.

When Bing Crosby’s seasonal classic “White Christmas” played over the radio, that was the signal for Americans and select Vietnamese civilians to go to designated pickup spots to be airlifted out of the city.

More than 100 helicopters, operated by the US Marine Corps, the US Air Force and the CIA, would deliver evacuees to US Navy ships waiting offshore.

By command of the president (not really)

While Capt. Chambers was making command decisions at sea, American helicopter pilots were doing so above Saigon.

Marine Corps Maj. Gerry Berry flew from a US ship offshore to Saigon 14 times during the evacuation, the last of those flights marking the official end of the US presence in South Vietnam.

But getting to that point wasn’t straightforward.

Berry, the pilot of a twin-rotor CH-46 Sea Knight helicopter, got orders on the afternoon of April 29 to fly to the US Embassy in Saigon and get Ambassador Graham Martin out.

But nobody seemed to have told Martin or the US Marines guarding the embassy.

Upon touchdown, when he told the guards he was there to pick up the ambassador, they ushered about 70 Vietnamese evacuees aboard the aircraft instead, he said.

Subsequent flights from an offshore US Navy ship were greeted with more and more evacuees – and no US envoy.

With each flight to and from the embassy, Berry could see the crowds outside the it growing – and North Vietnamese forces drawing closer.

But he knew someone had to take charge, to at least get the ambassador out.

Around 4 a.m., he could see the North Vietnamese forces closing on the embassy.

“The tanks were coming down the road. We could see them. The ambassador was still in there,” he said.

Landing on the roof, the Sea Knight took on another stream of evacuees – and no Ambassador Martin.

Berry called a Marine guard sergeant over to the cockpit – and told him he had direct orders from President Ford for the ambassador to get on the helicopter.

“I had no authorization to do that,” Berry said. But he knew time was short, and his frustration at making this trip more than a dozen times was boiling over.

“I basically ordered him out, when I said in my best aviator voice, ‘The president sends. You have got to go now,’” using military terminology for how an order is handed down.

He said Martin seemed happy to finally get a direct order, even if it came from a Marine pilot.

“It looked like an Olympic sprint team getting on that (aircraft). So you know, I’ve always said that all he wanted to do was be ordered out by somebody,” Berry said.

With the envoy aboard, the Sea Knight headed out to the USS Blue Ridge, ending Berry’s 14th flight of Operation Frequent Wind, some 18 hours after he started.

Hours later North Vietnamese tanks would break through the gates of the South Vietnamese presidential palace, not far from the US Embassy. The Vietnam War was over.

Legacies of Vietnam

Berry and Chambers were both officers who had to make decisions – outside or against the chain of command – that saved lives during the fall of Saigon, which was soon renamed Ho Chi Minh City by the victorious North Vietnamese.

And Chambers says it is a quality that sets the US military apart from its adversaries to this day.

“We have young kids … taught initiative to do things and to take responsibility, unlike some of the other militaries where the commissar, or whoever it is,” looms over every decision, Chambers said.

“We want everybody to think, and everybody to act,” said Chambers, who as a Black man was the first person of color to command a US Navy aircraft carrier.

“You’ve got to be the guy in charge. You can’t run things all the way up through the Pentagon every time you have to do something,” Berry said.

Chambers never faced any disciplinary action for his decisions aboard the Midway off Saigon. He’s not sure if that’s because the Midway wasn’t the only ship dumping helicopters overboard that day or because he was quickly dispatched on another rescue mission.

And it certainly didn’t hurt his naval career. Two years after dumping those helicopters into the sea, he was promoted to rear admiral.

Pilot Berry, who also served a combat tour in Vietnam in 1969 and ’70, is also left with sadness at the war’s futility.

“I hate to think all those deaths were for naught, the 58,400,” he said.

“What did we gain by all that, you know? And we killed more than a million Vietnamese.”

“Those people not only lost that life, but they lost the life where they would have had families and all those things,” Berry said.

As the 50th anniversary of his evacuation flights neared, Berry, now 80, was asked how long Americans would remember the Fall of Saigon, which brought to a close one of the US military’s greatest failures.

“With the number of lives we lost… it can’t be called a victory. It just can’t be,” Berry said.

But Vietnam also provides lessons 50 years later about keeping your trust with allies and friends, like NATO and Ukraine, he said.

“We had all that promised aid for South Vietnam that never came after the final assault” began in March 1975, he said.

“We never, never delivered.

“You promise something, you should follow through.”

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Britain’s military launched airstrikes against Houthi targets in Yemen on Tuesday with US forces, its defense ministry said – the first public acknowledgment of a joint operation since the Trump administration escalated the US campaign against the militant group.

The strikes targeted “a cluster of buildings” south of the capital Sanaa used by Houthis to manufacture drones, which the group uses to attack ships at sea, Britain’s Ministry of Defence said in a statement released Wednesday.

The Royal Air Force sent Typhoon fighter jets to target those buildings, dropping precision bombs after dark following “very careful planning … to allow the targets to be prosecuted with minimal risk to civilians or non-military infrastructure,” the statement said. All the aircraft returned safely, it added.

The Iran-backed Houthis began a military campaign in solidarity with Palestinians when Israel went to war in Gaza in October 2023. They have repeatedly attacked US Navy ships and commercial vessels in the Red Sea and the Gulf of Aden – two waterways that are critical to international shipping routes – and fired missiles at Israel.

In response, the US has tried to disrupt the Houthis’ capabilities by going after their primary weapons, and by destroying maritime drones and underwater drones.

The UK has participated in joint strikes with the US against the Houthis before, including numerous operations in 2024.

But Wednesday’s statement marks its first acknowledgment of a joint strike since President Donald Trump launched his aggressive military campaign against the group, vowing to use “overwhelming force” to stop the Red Sea attacks.

Tuesday’s joint operation “was in line with long-standing policy of the UK government, following the Houthis initiating their campaign of attacks in November 2023, threatening freedom of navigation in the Red Sea, striking international ships, and killing innocent merchant mariners,” said the ministry statement.

John Healey, the UK’s defense secretary, said the strikes aimed to prevent further Houthi attacks, adding that a 55% drop in shipping through the Red Sea had caused regional instability and damaged the UK’s economy.

Since Trump began his campaign – known as “Operation Rough Rider” – on March 15, US airstrikes have pounded Houthi targets in Yemen, hitting oil refineries, airports and missile sites. The US military acknowledged carrying out over 800 individual strikes in its monthlong campaign, while analysts estimate dozens of Houthi military officers have been killed.

On Monday the Houthis alleged a US airstrike hit a prison holding African migrants, killing dozens.

In response, US Central Command said it was “aware of the claims of civilian casualties related to the US strikes in Yemen, and we take those claims very seriously. We are currently conducting our battle-damage assessment and inquiry into those claims.”

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