• Pre-Market Insights: Shopify Soars, CPI Impact Looms, & Key Stock Targets Revealed

  • 2024/11/13
  • 再生時間： 9 分
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Pre-Market Insights: Shopify Soars, CPI Impact Looms, & Key Stock Targets Revealed

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  • In this pre-market update, Stephen Whiteside of TheUpTrend.com discusses how the Dow futures are trading lower ahead of the upcoming CPI numbers, which may impact the markets. The TSX saw strong gains, driven by Shopify’s impressive 21% rally, which helped stabilize the index. Whiteside reviews key resistance points and exit strategies for Shopify and the SPY as they approach significant levels, emphasizing the importance of managing trades as stocks reach high targets. Whiteside also breaks down recent shifts in commodities, with mixed moves in gold and crude oil, and highlights the VIX's sell signal, which supports higher stock prices. He provides insights into notable stock movements, such as Tesla’s reversal and Micron’s resistance challenges, along with updates on Canadian stocks like Cameco and Nutrient. The session closes with an outlook on energy stocks and a preview of the CPI release's potential market impact." Stephen Whiteside TheUpTrend.com Wednesday, November 13, 2024 https://theuptrend.com/morning-market-outlook-11132024/

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In this pre-market update, Stephen Whiteside of TheUpTrend.com discusses how the Dow futures are trading lower ahead of the upcoming CPI numbers, which may impact the markets. The TSX saw strong gains, driven by Shopify’s impressive 21% rally, which helped stabilize the index. Whiteside reviews key resistance points and exit strategies for Shopify and the SPY as they approach significant levels, emphasizing the importance of managing trades as stocks reach high targets. Whiteside also breaks down recent shifts in commodities, with mixed moves in gold and crude oil, and highlights the VIX's sell signal, which supports higher stock prices. He provides insights into notable stock movements, such as Tesla’s reversal and Micron’s resistance challenges, along with updates on Canadian stocks like Cameco and Nutrient. The session closes with an outlook on energy stocks and a preview of the CPI release's potential market impact." Stephen Whiteside TheUpTrend.com Wednesday, November 13, 2024 https://theuptrend.com/morning-market-outlook-11132024/

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