In today's update, Stephen Whiteside discusses the market's reaction to premarket movements in the U.S. stock indexes, crude oil, and gold. He notes that U.S. jobless claims, set to be released later, could significantly influence market sentiment. Stocks tied to China have been performing well, and the price of copper has risen due to increased demand, which has bolstered mining stocks. He also highlights the contrasting performance between U.S. and Canadian energy stocks, with U.S. energy stocks seeing more strength. The VIX remains on a buy signal, keeping pressure on the overall market. Meanwhile, Canadian Natural Resources is holding at key support levels, and its pullback has been modest. Stephen identifies $50 as a critical resistance level for the stock. Stephen Whiteside TheUpTrend.com Thursday, October 3, 2024 https://theuptrend.com/31-stocks-31-days-canadian-natural-resources/

Today's stock market update highlights key movements in the major indices, including the Dow, S&P 500, and NASDAQ, all of which had a strong start to the month. Apple continues to be overbought, with a new bearish reversal signal emerging after a significant rally. The VIX remains on a sell signal, indicating that market volatility is still low, while bonds continue to underperform. The update also covers commodities like gold and crude oil, which both experienced bearish moves, with crude oil testing support levels. The focus for traders is on whether the current trends will hold, as we approach a seasonally volatile period in the market. The report closes with a reminder that stock futures are slightly down ahead of the trading day. Stephen Whiteside TheUpTrend.com Tuesday, October 1, 2024 https://theuptrend.com/31-days-apple-10012024/

This morning's premarket update shows the Nasdaq leading lower while commodities are mixed. Weekly, the S&P 500 is up 0.75%, with the Nasdaq outperforming at 1.64%. Notable sector moves include semiconductors surging over 6%, while crude oil is sharply down, and gold is up nearly $50. Thursday's trading saw gains for travel and mining stocks while energy stocks fell. Nvidia's performance lagged behind the semiconductor sector, and Chinese stocks like Alibaba and JD.com surged. The VIX remains on a sell signal, supporting higher stock prices unless the VIX closes above 17.53 on Friday. Stephen Whiteside TheUpTrend.com Friday, September 27, 2024 https://theuptrend.com/morning-market-outlook-09272024/