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

In today's market update, Stephen Whiteside of TheUpTrend.com discusses the quiet pre-market conditions ahead of U.S. jobless claims, alongside major movements in indices, ETFs, and cryptocurrencies. Key highlights include Bitcoin trading above $100,000 and Ethereum hitting a new high. Notable targets for indices such as the TSX, NASDAQ, and S&P 500 were also outlined, with Canadian Infotech leading gains in the market. Additionally, he reviews Canadian banking stocks, with most still on buy signals but showing signs of weakness. Stocks such as Apple, Amazon, and Microsoft approach their next price targets, while Tesla and Nvidia struggle with key resistance levels. Whiteside concludes by emphasizing the potential impact of jobless claims on market direction later today. Stephen Whiteside TheUpTrend.com Thursday, December 5, 2024 https://theuptrend.com/morning-market-outlook-12052024/

5 Dec 20247min

[00:00:00]: Pre-Market Overview and Economic Indicators [00:00:26]: Market Volatility and Index Futures [00:00:55]: Stock Index Analysis and Pullbacks [00:01:45]: ETF and Commodity Performance [00:02:32]: Silver and Copper Market Movements [00:03:22]: Gold and Energy Sector Update [00:03:46]: TSX Most Active Stocks Overview [00:04:23]: Canadian and US Bank Stocks Analysis [00:06:01]: Tech Stocks Performance in New York [00:06:54]: Bitcoin and Closing Remarks https://theuptrend.com/morning-market-outlook-12042024/

4 Dec 20247min

Daily market insights from Stephen Whiteside: Tesla, sector performance, gold stocks, tech gains, and Canadian banks. Learn about key trends, resistance levels, and pre-market updates to navigate today's market confidently. https://theuptrend.com/morning-market-outlook-12032024/

3 Dec 20246min

Stephen Whiteside of TheUpTrend.com reviews the market outlook for Monday, December 2, 2024. Stock futures are slightly below fair value, with mixed movements in commodities, and Bitcoin experiencing a modest sell-off. Key metrics like the VIX support potential short-term upward movement for major indices, while bonds are rising alongside falling yields, offering support for equities. Key targets include S&P levels at 609.38 and further milestones for indices like the Nasdaq and Russell 2000. He also emphasizes the performance of major tech stocks and Canadian banks, crucial for sustaining a Christmas rally. Notable performers include Apple, Nvidia, and Meta, while underperformers like TD Bank and certain Canadian financials face challenges. Key technical indicators, such as the upper channel line and early warning signals, provide actionable insights for trend changes in stocks like Tesla, Shopify, and Telus. Stephen Whiteside TheUpTrend.com Monday, December 2, 2024 https://theuptrend.com/morning-market-outlook-12022024/

2 Dec 202412min

[00:00:00]: Introduction and Snow Driving Tips [00:00:24]: Importance of Market Overview [00:00:41]: TSX and SPY Weekly Performance [00:01:43]: S&P 500 Seasonal Trends and VIX Analysis [00:02:36]: Bearish Reversal Signals in the Market [00:04:27]: Year-to-Date Market Performance Highlights [00:05:40]: Sector Winners and Losers in 2024 [00:08:14]: Marijuana Stocks Analysis [00:09:30]: Biggest Losers on TSX and US Markets [00:10:53]: Commodity ETFs and Market Trends [00:13:02]: Wrap-Up and Call for Blood Donations https://theuptrend.com/protect-your-portfolio-12012024/

1 Dec 202414min

Save 30% TheUpTrend's Black Friday sale ending tonight, offering 30% discounts on memberships. All memberships come with a 21 Free Trial Visit https://theuptrend.com/pricing/ And use the Coupon Code BlackFriday Current members, please message us for specific saving details. In this morning's update, Stephen Whiteside discusses a quiet premarket session with stock index futures trading above fair value, mixed commodities, and slight gains in Bitcoin. The US markets will close early today due to the Thanksgiving holiday, making it a relatively uneventful trading day. Stephen highlights that month-end typically brings a bullish bias, with automatic money expected to flow into the market next week. He also reminds viewers of TheUpTrend's Black Friday sale ending tonight, offering 30% discounts on memberships. Market highlights include US regional banks and Canadian technology leading November gains, while US marijuana stocks and silver miners struggled. Stephen reviews notable stocks, including TD Bank's promising performance, BCE's continued underperformance, and Suncor's mixed signals. He also examines specific opportunities in the TSX and New York markets, emphasizing potential breakouts and support levels. The session concludes with an outlook for a quiet Friday and a reminder to take advantage of current market opportunities and TheUpTrend's promotional offer. Stephen Whiteside TheUpTrend.com Friday, November 29, 2024 https://theuptrend.com/2644-2/

29 Nov 202410min

and October. He discusses key technical indicators and highlights market sectors showing strength or weakness. Despite some concerns, Whiteside maintains a cautious but strategic approach, guiding viewers on how to read charts and adjust positions in light of recent market movements. Whiteside also addresses the importance of staying informed through stock market timing services, suggesting that subscribers take a careful look at their portfolios to ensure they are positioned for potential opportunities in both bullish and bearish environments. He touches on the significance of understanding market sentiment and avoiding emotional decision-making during uncertain times. He concludes by offering insights into the upcoming week's market expectations, helping traders and investors prepare for possible shifts in trend. Stephen Whiteside TheUpTrend.com Thursday, November 28, 2024 https://theuptrend.com/morning-market...

28 Nov 202415min

In this morning's market outlook, Stephen Whiteside discusses Thanksgiving eve's impact on trading activity, with U.S. stock index futures slightly below fair value and big-cap tech stocks leading the Nasdaq lower. Commodities like crude oil, gold, and Bitcoin are trading higher, while upcoming U.S. economic data could shift market trends before the open. Whiteside highlights market movements, including sell signals for Bitcoin-related stocks and updates on major indices, such as the Nasdaq and S&P 500. Additionally, he provides insights into the Canadian market, focusing on financial stocks holding up despite weak commodities. Gold stocks, lithium ETFs, and energy markets also receive attention, with natural gas nearing significant price targets. Whiteside closes by discussing the importance of financial stocks in sustaining the Canadian market's strength and offers wishes for a safe and happy Thanksgiving to U.S. viewers. Stephen Whiteside TheUpTrend.com Wednesday, November 27, 2024 https://theuptrend.com/morning-market-outlook-11272024/

27 Nov 202411min