Tariffs, Panic & Profits: Survive the Market Chaos with Smart Timing

In Thursday’s pre-market update, Stephen Whiteside of TheUpTrend.com notes that stock index futures and commodities are trading above fair value, but upcoming economic data may shift market direction. Wednesday saw a huge surge in volatility, with the S&P 500 approaching a new daily buy signal as key price targets were nearly hit. Notably, the Nasdaq 100 also closed just below its price target. Key sectors driving market movement include semiconductors, with strong performances from Nvidia and Broadcom. The Magnificent Seven ETF is back on a buy signal, though not all underlying stocks are. Canadian markets have seen positive signals in both the tech and consumer discretionary sectors, led by Dollarama and Canadian Tire. Stephen Whiteside TheUpTrend.com Thursday, September 12, 2024 https://theuptrend.com/morning-market-outlook-09122024/

12 Sep 20247min

In this morning's market update, Stephen Whiteside discusses premarket activity, highlighting Oracle’s significant gain of over $12, which will help sell positions over $150. He also explains that while Monday seemed like a positive day, most major indexes, including the Dow, S&P 500, Nasdaq, and TSX, experienced an inside day—a pause in market activity. The VIX showed indecision, and a close below 17.04 today would be bullish for short-term traders. Commodities showed mixed signals, with crude oil and gasoline having inside days, while natural gas pulled back. Nvidia, Palantir, and Tesla had inside days in stocks, while Nio continued to rise. In the TSX market, energy stocks underperformed, while financials like Manulife and TD Bank reached new highs. Stephen urges caution despite Monday’s gains, awaiting a break above Friday’s high for new market signals. Stephen Whiteside TheUpTrend.com Tuesday, September 10, 2024 https://theuptrend.com/morning-market-outlook-09102024/

10 Sep 20246min

In today’s market update, Stephen Whiteside of TheUpTrend.com discusses the current premarket conditions, noting that stock index futures and commodities are trading above fair value. Palantir is set to join the S&P 500 and may end the day on a buy signal. Other stocks like Boeing are showing minor upward movement but not enough to change their overall trends. Key sectors like energy and technology remain under pressure, with stocks such as Nvidia, Tesla, and Broadcom struggling in the premarket. Whiteside also highlights trends in commodities, where crude oil and gasoline hit new lows, while natural gas remains on a buy signal. Bitcoin and Ethereum are trading up slightly, but not enough to shift their market direction. While major stock indices are up in the premarket, there is no significant trend reversal yet. Overall, it's a day of bargain hunting rather than major market shifts. Stephen Whiteside TheUpTrend.com Monday, September 9, 2024 https://theuptrend.com/morning-market-outlook-09092024/

9 Sep 20247min

In the premarket on Friday, stock index futures were below fair value, with the Nasdaq leading the decline. Traders were awaiting the release of key economic data, including the non-farm payrolls report, which could shift market sentiment. Broadcom remained on a sell signal after Thursday's close, while the VIX indicators for the S&P 500, Nasdaq, and Russell 2000 continued to signal negative sentiment for stocks. Key U.S. indices like the TSX 60, Dow Diamonds, and S&P 500 also closed Thursday on sell signals. Financials in the U.S. were led lower by the banks, while Canadian financials posted a contrasting positive performance. In commodity markets, gold regained some ground without breaking its support level, while crude oil remained stable. Cryptocurrencies, including Bitcoin and Ethereum, stayed on sell signals. The report also highlighted significant stock moves, including new lows for energy stocks like Suncor and Canadian Natural Resources, and highs for Enbridge and TD Bank. Nvidia, Tesla, and other key stocks were analyzed, with Nvidia holding support above $100, while Tesla saw a brief rally before pulling back. Stephen Whiteside TheUpTrend.com Friday, September 6, 2024 https://theuptrend.com/morning-market-outlook-09062024/

6 Sep 20248min

In Thursday's premarket update, Stephen Whiteside discusses the calm in stock markets, noting slight declines in key indices like the S&P 500 and Nasdaq, with no indication of a trend change. Commodities, currencies, and bonds have settled down, while the Bank of Canada’s interest rate cut had little impact on the TSX 60. Copper and gold stocks moved lower, while Tesla saw a surprise buy signal despite recent volatility. Crude oil, natural gas, and metals also saw declines. Whiteside highlights Tesla’s potential bullish turnaround, Bitcoin and Ethereum’s modest gains, and upcoming jobless claims data that could shift market sentiment. Stephen Whiteside TheUpTrend.com Thursday, September 5, 2024 https://theuptrend.com/morning-market-outlook-09052024/

5 Sep 20245min

September began with volatility, as Tuesday's market sharply reversed Friday's bullish sentiment, largely due to declines in commodity and technology stocks. While the broader market, including financials, held steady, the sell-off in tech and commodities pushed the VIX into a buy signal, and various sectors, such as semiconductors and the Nasdaq, saw significant declines. Bonds saw a "risk-off" trade with money moving into safer assets, while oil hit new lows for 2024, impacting energy stocks and gasoline prices. The outlook for the rest of the week hinges on whether the broader market will follow the downturn seen in these specific sectors. [00:00:00]: Welcome and Market Overview [00:00:20]: Economic Numbers and Bank of Canada Update [00:00:40]: Market Fear Spikes and Sector Performance [00:01:07]: Currency and Bond Market Movements [00:02:12]: Commodity Prices and Trends [00:02:55]: Major Index ETFs Analysis [00:03:39]: US Market Performance [00:04:42]: Most Active US Stocks [00:05:56]: TSX Most Active Stocks [00:07:13]: Closing Remarks and Market Outlook https://theuptrend.com/morning-market-outlook-09042024/

4 Sep 20247min

Today’s market update focuses on the end of August trading and the market’s bullish bias due to the month-end and the upcoming long weekend. Stephen Whiteside highlights key economic data releases, including inflation numbers and Canadian GDP, that could impact the market's direction. He notes the current sell signals for major tech stocks like Nvidia and Amazon, with Apple being the only stock still on a buy signal. Leadership in the stock market has shifted, with utilities, real estate, and financials leading gains rather than tech stocks. Whiteside also reviews the VIX, major indices, currencies, and bonds, noting that while the market is holding up, technology stocks are not currently driving the market higher. He concludes with insights into the strength of financial stocks in both the US and Canada. Stephen Whiteside TheUpTrend.com Saturday, May 4, 2024 https://theuptrend.com/morning-market-outlook-08312024/

30 Aug 20248min

In this morning's update, Stephen Whiteside from TheUpTrend.com discusses the positive premarket conditions and the influence of the upcoming US GDP and initial jobless claims reports on market sentiment. He highlights significant stock movements, noting the ongoing challenges for Super Micro, a strong performance by Canadian banks, and key earnings reports from companies like CIBC and Nvidia. Additionally, he covers the broader market trends, including the stability of the VIX, fluctuations in currency and bond markets, and the current state of cryptocurrencies. Whiteside also examines commodity prices, pointing out the continued buy signals for copper and gold miners, despite some pullbacks. He provides insights into the major index ETFs, noting the resilience of the TSX and the mixed performance in the US markets, with financials showing strength. The video concludes with a look at top-performing stocks on the TSX 60 and Dow 30, where non-tech companies are currently leading the charge, a shift from recent trends Stephen Whiteside TheUpTrend.com Thursday, August 29, 2024 [00:00:01]: Welcome and Market Overview [00:00:13]: Upcoming Economic Numbers and Market Impact [00:00:34]: Super Micro Stock Analysis [00:01:03]: Canadian Banks Performance [00:01:26]: Earnings and Pre-Market Movers [00:02:10]: VIX and Currency Movements [00:03:04]: Commodity Prices and Trends [00:04:14]: Major Index ETF Analysis [00:05:47]: Technology and Financial Sector Performance [00:07:30]: Top Performing Stocks on TSX 60 and Dow 30 https://theuptrend.com/morning-market-outlook-08292024/

29 Aug 20249min