In this morning's market update, Stephen Whiteside from TheUpTrend.com highlights key market movements and events influencing today's trading. Stock index futures are up, with the NASDAQ leading gains. Bitcoin continues to rally, and energy inventories and Nvidia's earnings announcement are expected to impact market momentum. While gold stocks showed strong performance on Tuesday, Stephen advises caution, suggesting partial investments until further confirmation. Nvidia and Super Micro led gains, but Stephen warns against risky trades like Super Micro despite its sharp rise. The Dow underperformed on Tuesday, impacted by declines in United Health, 3M, and Nike. Healthcare stocks remain weak, with pharmaceuticals and biotechs dragging the sector lower. On the Canadian side, gold and materials led modest gains, while consumer staples and industrials weighed on the TSX 60. Commodity markets showed some positive signs, with crude oil, natural gas, and palladium gaining ground. Stephen concludes with a reminder that the market might remain cautious ahead of Nvidia's earnings report later today. Stephen Whiteside TheUpTrend.com Wednesday, November 20, 2024 https://theuptrend.com/morning-market-outlook-11202024/

In Monday's market update, Stephen Whiteside highlights a mixed premarket performance, with the NASDAQ buoyed by Tesla's premarket surge of $25. He notes the US Dollar hitting new highs and its implications for American exporters and importers during the holiday season. Key updates include gold's $26 rally and a focus on the bond market, contrasting the TLT and XBB due to diverging central bank policies. Stephen reviews notable stocks from Friday's session, including Nvidia, Tesla, and Bank of America, alongside TSX most-actives like Enbridge and Canadian Natural Resources. He emphasizes potential support levels, buy signals, and price targets for several equities. With futures suggesting a modestly positive open, he sets the stage for Tuesday's market analysis. Stephen Whiteside TheUpTrend.com Monday, November 18, 2024 https://theuptrend.com/morning-market-outlook-11182024/

In today’s Friday market update, Stephen Whiteside of TheUpTrend.com discusses the pre-market outlook, with Dow futures down 150 points following a weak trading day. He highlights critical economic indicators, including retail sales and industrial production, and their potential impact on market trends. Notable performances this week include the TSX surpassing 25,000, while the S&P 500 and NASDAQ 100 experienced declines. Gold and crude oil prices are trending lower, and bond yields continue to rise, exerting pressure across markets. Stephen analyzes key sectors, noting sell signals in healthcare, semiconductors, and gold miners, while Canadian energy stocks showed strength. He also reviews individual stocks like Apple, which has returned to a buy signal despite mixed investor sentiment, and Tesla, under pressure due to EV subsidy rumors. With actionable insights into current trends, this update equips traders for the day ahead. Stephen Whiteside TheUpTrend.com Friday, November 15, 2024 https://theuptrend.com/morning-market-outlook-11152024/

In today's pre-market update, Stephen Whiteside from TheUpTrend.com highlights key market movements ahead of jobless claims and PPI numbers. Stock index futures are up, with a notable drop in gold prices and a continued rise in Bitcoin, while the VIX remains on a sell signal. Bitcoin-related stocks saw major reversals, and Whiteside advises taking profits as stocks like Bitfarms, Galaxy, and Hive experienced pullbacks. Shifting focus to technology and commodity stocks, the update also covers downward trends in copper, gold, and silver. Energy stocks show modest gains, while the SPY remains below the critical 600 level. Whiteside also analyzes popular tech ETFs, including ARK's Genomics and Fintech ETFs, which reached recent highs before slight pullbacks. Whiteside concludes with targets for major tech stocks like Apple, Tesla, and Nvidia, all crucial for investors monitoring the NASDAQ's movement. Stephen Whiteside TheUpTrend.com Thursday, November 14, 2024 https://theuptrend.com/morning-market-outlook-11142024/

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/

In today’s Tuesday morning pre-market update, Stephen Whiteside from TheUpTrend.com notes the current stock index futures trading below fair value, with Home Depot’s earnings rising amid recovery efforts after recent storms. Cryptocurrencies like bitcoin and Ethereum saw gains following the U.S. election, and major stocks such as Coinbase and Bitfarms have also spiked. Meanwhile, reduced market fear, as indicated by a drop in the VIX, hints at potential support for higher stock prices. Stephen emphasizes the role of big round numbers as psychological markers, with the S&P hovering around 6,000, acting as resistance. In commodities, oil and gasoline prices declined, while natural gas gained. Copper stocks are struggling, and precious metals dropped, affecting both U.S. and Canadian stock performances. Stephen also reviews trending U.S. and TSX stocks, noting movements for Tesla, Nvidia, and Shopify. Stephen Whiteside TheUpTrend.com Tuesday, November 12, 2024 https://theuptrend.com/morning-market...

In today’s premarket update, Stephen Whiteside from TheUpTrend.com highlights a quiet start with U.S. stock index futures showing slight gains and mixed commodity movements. Market attention focuses on the upcoming U.S. jobless claims report and a key Federal Reserve announcement, both expected to drive afternoon volatility. Whiteside discusses the sharp moves in various assets following an unexpectedly decisive U.S. election outcome, which led to significant gains in regional banks, energy stocks, and a sharp rise in the U.S. dollar. Meanwhile, options traders, currency traders, and gold investors found themselves on the wrong side of these movements. Stephen also covers shifts in major indices, noting the S&P 500 and Dow's new highs driven by financial stocks. He reports notable losses in specific stocks like Nike and Home Depot and covers Canadian markets, where stocks like Manulife and Shopify gained. He closes by advising caution due to anticipated Fed-driven volatility and suggests using previous lows as a strategic exit point. He stresses the importance of flexibility in fast-moving markets, especially following historic trading days like yesterday. Stephen Whiteside TheUpTrend.com Thursday, November 7, 2024 https://theuptrend.com/morning-market-outlook-11072024/

In today’s market update, Stephen Whiteside from TheUpTrend.com analyzes pre-market conditions with a focus on the U.S. election’s impact on stock indices, including the Dow, Nasdaq, and S&P 500. He highlights the elevated VIX level as a cautionary signal for potential market volatility, noting that a drop below 19.56 could be bullish for stocks. Whiteside also reviews significant movements among specific stocks, such as Salesforce, Intel, and Boeing, providing insight into their current buy or sell status. Stephen then examines sector performance within the TSX and Nasdaq, spotlighting winners like Nutrien and Monster, while noting declines for BCE and Tesla, among others. He wraps up with a brief overview of commodities, including crude oil and natural gas, which have shown recent reversals. Overall, the session emphasizes cautious optimism given the election’s uncertain outcomes and current market indicators. Stephen Whiteside TheUpTrend.com Tuesday, November 5, 2024 https://theuptrend.com/morning-market-outlook-11052024/