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/

In Thursday’s premarket, stock index futures are trading above fair value, with the Dow up around 200 points and Nasdaq futures nearly 300 points higher. Key market movers include Chinese government stimulus and earnings reports from Micron and Intel. Micron, currently trading near resistance at the top of the Flypaper channel, could push higher, with targets set at 112.50 and beyond. Intel, approaching the $25 level, faces significant congestion, and a breakout would require major news. Additionally, financial stocks and bonds show signs of weakness, while tech giants like Nvidia and Shopify continue to surge. Nvidia hit new highs, nearing its August peak, while Tesla, Taiwan Semiconductor, and other semiconductor stocks are also seeing gains. Meanwhile, crude oil continues its downtrend, providing some relief for consumers but posing challenges for the energy sector. Stephen Whiteside TheUpTrend.com Thursday, September 26, 2024 https://theuptrend.com/morning-market-outlook-09262024/

This morning's premarket shows stock index futures and commodities trading near fair value. With China stimulating its economy, global markets saw gains on Tuesday, and the VIX remains on a sell signal, supporting higher stock prices. Major U.S. indices like the Dow, S&P 500, and Nasdaq are nearing resistance points, while Canadian markets continue to thrive with the help of commodity sectors and the banking industry. In Canadian markets, gold, silver, and copper are seeing strong upward moves, with mining and financial sectors performing well. Many banks, such as Bank of Montreal, CIBC, and TD Bank, have hit resistance levels, with Royal Bank generating a recent sell signal. Despite some market strength, further catalysts may be needed to push stocks above their current resistance. Stephen Whiteside TheUpTrend.com Wednesday, September 25,

2024https://theuptrend.com/canadian-stock-market-trends-09252024/

Today’s premarket update covers various economic indicators and stock movements. Stephen Whiteside highlights that while stock index futures are quiet and trading near fair value, commodities such as crude oil and gold are seeing a rise. The consumer confidence report coming out at 10:00 a.m. is a significant data point for today's market action. Stephen also points out resistance levels across major indices like the S&P 500, Nasdaq 100, and Russell 2000, while Canadian markets have broken through resistance levels, with banks and energy stocks playing a key role in the upward trend. In terms of specific stocks, attention is drawn to semiconductors, Canadian energy stocks, and tech stocks like Meta, Shopify, and Tesla, which are pushing new highs. Stephen also delves into commodities, where crude oil is holding support, and gold and silver are showing minor pullbacks. He finishes by highlighting the performance of mining and energy sectors and top tech companies, such as Tesla, which is currently trading above key price targets. Stephen Whiteside TheUpTrend.com Tuesday, September 24, 2024 https://theuptrend.com/morning-market-outlook-09242024/

[00:00:06]: Welcome and Market Overview

[00:00:19]: Pre-market Highlights for Gold and Stocks

[00:00:33]: Stock News: Nike and FedEx Performances

[00:00:52]: S&P and TSX Winners

[00:01:18]: VIX and Stock Price Targets

[00:02:06]: Russell 2000 and Semiconductor Updates

[00:02:28]: Commodity ETF Movements

[00:03:25]: TSX Most Active Stocks

[00:04:36]: Wall Street Most Actives

[00:05:49]: Market Open Predictions and Final Thoughts

Stephen Whiteside

TheUpTrend.com

Friday, September 20, 2024

https://theuptrend.com/morning-market-outlook-09202024/

Today is Fed day, and stock index futures are trading above fair value in the pre-market. Crude oil inventories will be released later this morning, which could influence energy stocks, while the main focus remains on the Federal Reserve's interest rate decision and subsequent press conference. Market sentiment has shifted from expecting a 25 basis point cut to a 50 basis point cut, but Fed days typically cause volatility, making it risky to bet on the market's immediate direction. The stock market is currently overbought, with the VIX elevated, indicating heightened market uncertainty. Major indices such as the S&P 500, Nasdaq, and Russell 2000 are approaching highs, while bond markets, especially junk bonds, continue to show bullishness. Canadian and U.S. financial stocks are performing well, with several sectors making new highs. However, this volatile period means caution is warranted, especially ahead of the Fed's announcements. Stephen Whiteside TheUpTrend.com Wednesday, September 18, 2024 https://theuptrend.com/morning-market-outlook-09182024/