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

Stephen Whiteside provides a morning market update, discussing the mixed performance of stock index futures and the previous day's market overreaction to CPI data. He highlights key economic reports due at 8:30 AM, such as retail sales and jobless claims, which could impact market movement. The session reviews recent financial and sector-specific developments, including buy signals in financials, insurance, and energy stocks, while noting ongoing challenges in inflation and market stability. He emphasizes the importance of short covering, trends in commodities like crude oil and corn, and the broader implications of inflation on Federal Reserve policies. Stephen reviews major indices, including the S&P 500 and Nasdaq, alongside updates on the "Magnificent Seven" stocks. He concludes with actionable advice for investors to approach buy signals cautiously and adapt their strategies to evolving market conditions. Stephen Whiteside TheUpTrend.com Thursday, January 16, 2025 https://theuptrend.com/morning-market-outlook-01162025/

16 Jan 11min

Today’s video from TheUpTrend.com highlights a turbulent start to the week in financial markets. Pre-market data shows stock index futures declining, with the Nasdaq leading the drop. Commodities are mixed, with crude oil up 2% and gold down. Bitcoin also slid $3,000 in the pre-market. The week is expected to bring volatility, driven by significant economic reports, including PPI, CPI, jobless claims, and retail sales. Elevated fear levels are indicated by a buy signal for the VIX and its ETFs, hinting at bearish sentiment. Bonds continue to weaken, pushing yields higher, while junk bonds and financial stocks reflect risk-off sentiment. Major indexes like the Dow, S&P 500, and Nasdaq are all on sell signals, showing consistent lower highs and lows. The video also dives into sector-specific movements. Financials, both in Canada and the U.S., are experiencing declines, with U.S. banks testing October lows. Energy and commodity markets present mixed signals, as crude oil rises while gold and silver miners face limited interest. The presenter emphasizes Stephen Whiteside TheUpTrend.com Monday, January 13, 2025 https://theuptrend.com/morning-market-outlook-01132025/

13 Jan 10min

In today’s video, Stephen Whiteside from TheUpTrend.com provides a detailed analysis of the current stock market trends following Friday’s significant downturn. He explains how breaking recent lows indicates potential challenges ahead for the market. Whiteside discusses rising bond yields, upward pressure on interest rates, and their negative implications for stocks and the Federal Reserve’s goals. He highlights commodity price increases, such as crude oil, natural gas, and gold, which may benefit the Canadian market but add downward pressure to global stock markets. Additionally, he delves into the Russell 2000 and the equal-weighted S&P 500 breaking critical support levels, signaling a bearish sentiment. The analysis also covers sector-specific trends, including the underperformance of bank stocks, the rise in the energy sector, and the disconnect between commodity prices and commodity-related stocks during a market sell-off. Whiteside emphasizes risk management, encouraging investors to sell into strength regularly, citing Rigetti Computing as an example of the market’s volatility. He closes with a reminder of the importance of market timing and invites viewers to visit TheUpTrend.com for more insights. Stephen WhitesideTheUpTrend.comSaturday, January 11, 2025 https://theuptrend.com/saturday-morning-update/

11 Jan 10min

Today’s stock market update highlights the Federal Reserve’s meeting as the primary focus, with key housing start numbers released earlier this morning. Market volatility is anticipated to increase following the Fed’s press conference later in the day. The Dow is showing gains in the premarket, while Bitcoin has experienced a sharp drop. Despite the Dow’s historical losing streak, the real story lies in the breakdown of the transports and utilities sectors. The VIX indicators signal increased market volatility, with major U.S. indices experiencing mixed performance and consumer discretionary being the only sector showing strength. The update also dives into the performance of notable stocks and sectors, such as energy, gold, and technology. Apple, Meta, and Microsoft are making strides, while Nvidia is facing a potential head-and-shoulders chart pattern. Meanwhile, Shopify and Tesla continue on buy signals, with Tesla nearing a milestone of $500. As always, timing and trend-following remain crucial for navigating market fluctuations. Stephen Whiteside TheUpTrend.com Wednesday, December 18, 2024

18 Dec 20248min

In today's market update, Stephen Whiteside discusses the positive outlook for stock index futures, with Bitcoin and gold also seeing gains. Despite a decrease in crude oil prices, volatility is expected to rise later in the week with the Fed's meeting and earnings reports. The Fear Index remains in a sell signal, supporting higher stock prices. Currency movements show mixed results, with the US Dollar up and the British pound and yen facing weakness. Bond markets are also in flux, with the bond sell-off suggesting anticipation of the Fed's actions. Moving on to commodities, oil and natural gas are on buy signals, with copper and silver experiencing downturns. In the stock market, the Dow continues to be a barometer for mainstream media, despite its reduced relevance in trading. Specific stocks like Broadcom performed well, while others, such as Airbnb and Supermicro, struggled. The S&P 500 remains in focus, showing signs of internal weakness, with the Magnificent Seven tech stocks still holding up the market. Regional markets like Canada are also showing signs of weakness, especially in gold and energy stocks, as financials face downturns. Stephen Whiteside TheUpTrend.com Monday, December 16, 2024 https://theuptrend.com/morning-market-outlook-12162024/

16 Dec 202412min

In this morning's market update, Stephen Whiteside from TheUpTrend.com discusses key trends and market movements across major indices, commodities, and stocks. The NASDAQ showed slight positivity, while the S&P 500, Dow, and Russell 2000 faced declines for the week. He highlights stocks like Broadcom, Nvidia, and Adobe, as well as the impact of commodities on market dynamics, including gold, crude oil, and silver. Additionally, Bitcoin remains steady at $100,000 with no aggressive selling, maintaining its buy signal. Stephen also analyzes sector performance, such as tech's mixed signals and Canada's TSX market showing minor sell signals. He advises on managing positions amidst weak signals and market indecision. Viewers are encouraged to follow the trend for better stock market timing and explore detailed insights on TheUpTrend.com. Stephen Whiteside TheUpTrend.com Friday, December 13, 2024 https://theuptrend.com/morning-market-outlook-12132024/

13 Dec 202411min

Today's video from TheUpTrend.com by Stephen Whiteside provides a detailed pre-market analysis, focusing on the Nasdaq hitting 20,000 for the first time, led by big-cap tech stocks like Apple, Alphabet, and Nvidia. Stephen notes market trends such as bearish reversals in Apple and mixed performances in other major indices, including the Dow and TSX. He discusses the impact of recent CPI and PPI data, the role of the VIX in supporting higher stock prices, and notable movements in key sectors like gold, marijuana stocks, and Canadian banks. Stephen also shares technical price targets, such as Apple's potential move to $256.25 and Tesla’s resistance near $237.50, while emphasizing the importance of taking profits at critical levels. Wrapping up, he reminds viewers of his partial liquidation strategy and encourages them to stay informed on stock market timing through tools and updates at TheUpTrend.com. Stephen Whiteside TheUpTrend.com Thursday, December 12, 2024

12 Dec 20248min

Stephen Whiteside from TheUpTrend.com provides an analysis of the current stock market trends and movements. He highlights a relatively quiet week for major indices like the TSX, S&P 500, and NASDAQ, noting some new highs despite small pullbacks. Bitcoin briefly surpassed $100,000 but retraced, with key ETFs and stocks like Coinbase seeing gains, while others like MARA lagged. Gold and crude oil experienced inside weeks, with changes expected post-nonfarm payroll announcements. Canadian markets reveal mixed signals, with the Venture Exchange pulling back and notable sector disparities, such as strong performance from Royal Bank but continued struggles for TD Bank. The U.S. market also saw diverse activity, with Tesla hitting price targets and stocks like Uber facing declines. Whiteside reiterates the importance of closing prices in decision-making and provides an optimistic outlook heading into the weekend. Stephen Whiteside TheUpTrend.com Friday, December 6, 2024 https://theuptrend.com/morning-market-outlook-12062024/

6 Dec 202410min