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

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/

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/