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/

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

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/

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/

[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/

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/