Market Outlook: Gold Surges, Nasdaq 100 Nears Resistance & Biotech Stocks Soar

Market Outlook: Gold Surges, Nasdaq 100 Nears Resistance & Biotech Stocks Soar

In this Tuesday Morning Market Outlook, Stephen Whiteside from TheUpTrend.com highlights the current state of the financial markets, noting a calm pre-market environment except for the rising price of gold. The major U.S. indices, including the Dow, S&P 500, and Nasdaq 100, continued their upward momentum, with the Nasdaq 100 attempting to break through resistance. The Russell 2000 also saw gains, particularly in small caps and micro caps. Monday's U.S. market saw strong performances from Biotech stocks, Silver miners, Homebuilders, and Gold stocks, while the Canadian market recorded new closing highs in the Vanguard Canada ETF and iShares TSX 60, though Energy stocks experienced a decline. Whiteside also touches on other key areas, including the bond market, where risk-on trades continue to push emerging markets and junk bonds higher. Commodities had a mixed performance, with crude oil and gasoline on sell signals, while natural gas remained on a buy signal. Gold and other precious metals showed strength, and Bitcoin and Ethereum remained on sell signals. Lastly, despite a potential railroad strike involving CN and CP, the market appears unconcerned, with both stocks on buy signals. Whiteside concludes by noting that trends from the previous Friday continued into Monday and may persist into Tuesday. Stephen Whiteside TheUpTrend.com Tuesday, August 20, 2024 https://theuptrend.com/morning-market-outlook-08202024/

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Episoder(202)

Stocks Mixed Ahead of Jobless Claims – Tesla & Bitcoin on Edge

Stocks Mixed Ahead of Jobless Claims – Tesla & Bitcoin on Edge

Thursday's market update covers Alphabet, Tesla, T-Mobile, IBM, crypto stocks, VIX, gold, oil, and economic news. Stephen Whiteside breaks down key signals for traders using his stock market timing se...

24 Jul 20257min

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Markets rally on US-Japan trade news. Earnings from Alphabet, Tesla, and T-Mobile in focus. Homebuilders surge while tech lags. Watch Stephen Whiteside’s July 23 update for key signals, ETF movers, an...

23 Jul 20257min

Tesla Reverses, Ethereum Climbs, TSX Banks Surge – Tuesday Market Update

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Tuesday market update: Stocks flat premarket ahead of Powell's speech. VIX supports uptrend. Highlights include Ethereum, Tesla reversal, Open Door rally, and TSX bank action. Stay informed with our s...

22 Jul 20258min

VIX Sell Signal Supports Market Rally | Premarket Stock Update July 21, 2025

VIX Sell Signal Supports Market Rally | Premarket Stock Update July 21, 2025

Start your week with a technical analysis of stocks, ETFs, crypto, and commodities. Stephen Whiteside covers VIX, Bitcoin, earnings, buy signals, and more. Visit TheUpTrend.com to learn how to time th...

21 Jul 202510min

Markets Hit New Highs | Bitcoin, VIX & ETF Targets into the Weekend

Markets Hit New Highs | Bitcoin, VIX & ETF Targets into the Weekend

Bitcoin hits new highs, stocks continue to rally, and the VIX remains low. Stephen Whiteside reviews key ETFs, the Magnificent Seven, and signals to watch as markets head into the weekend. Learn how t...

18 Jul 20259min

Markets on Edge: Key Sell Signals Emerging Ahead of U.S. Economic Data

Markets on Edge: Key Sell Signals Emerging Ahead of U.S. Economic Data

Thursday’s market update from Stephen Whiteside covers VIX action, U.S. and Canadian ETF trends, and key stock signals ahead of major economic data. Stay ahead with expert stock market timing insight ...

17 Jul 20256min

Tech Stocks Rally, Dow Sells Off — Stock Market Timing Update July 16, 2025

Tech Stocks Rally, Dow Sells Off — Stock Market Timing Update July 16, 2025

Markets open mixed after Tuesday's tech-led gains. Dow slips back onto a sell signal, semis surge on Nvidia, and Bitcoin rebounds. Stephen Whiteside breaks it all down in this stock market timing upda...

16 Jul 20256min

Nvidia Leads Nasdaq Higher as CPI Looms | Market Timing Update July 15, 2025

Nvidia Leads Nasdaq Higher as CPI Looms | Market Timing Update July 15, 2025

Nasdaq rallies led by Nvidia ahead of CPI numbers. Thomson Reuters soars, expanding price targets. Stephen Whiteside shares insights on Tesla, Bitcoin, and the Magnificent Seven in this key market tim...

15 Jul 20257min

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