In today’s premarket update, Stephen Whiteside from TheUpTrend.com highlights a quiet start with U.S. stock index futures showing slight gains and mixed commodity movements. Market attention focuses on the upcoming U.S. jobless claims report and a key Federal Reserve announcement, both expected to drive afternoon volatility. Whiteside discusses the sharp moves in various assets following an unexpectedly decisive U.S. election outcome, which led to significant gains in regional banks, energy stocks, and a sharp rise in the U.S. dollar. Meanwhile, options traders, currency traders, and gold investors found themselves on the wrong side of these movements. Stephen also covers shifts in major indices, noting the S&P 500 and Dow's new highs driven by financial stocks. He reports notable losses in specific stocks like Nike and Home Depot and covers Canadian markets, where stocks like Manulife and Shopify gained. He closes by advising caution due to anticipated Fed-driven volatility and suggests using previous lows as a strategic exit point. He stresses the importance of flexibility in fast-moving markets, especially following historic trading days like yesterday. Stephen Whiteside TheUpTrend.com Thursday, November 7, 2024 https://theuptrend.com/morning-market-outlook-11072024/

In today’s market update, Stephen Whiteside from TheUpTrend.com analyzes pre-market conditions with a focus on the U.S. election’s impact on stock indices, including the Dow, Nasdaq, and S&P 500. He highlights the elevated VIX level as a cautionary signal for potential market volatility, noting that a drop below 19.56 could be bullish for stocks. Whiteside also reviews significant movements among specific stocks, such as Salesforce, Intel, and Boeing, providing insight into their current buy or sell status. Stephen then examines sector performance within the TSX and Nasdaq, spotlighting winners like Nutrien and Monster, while noting declines for BCE and Tesla, among others. He wraps up with a brief overview of commodities, including crude oil and natural gas, which have shown recent reversals. Overall, the session emphasizes cautious optimism given the election’s uncertain outcomes and current market indicators. Stephen Whiteside TheUpTrend.com Tuesday, November 5, 2024 https://theuptrend.com/morning-market-outlook-11052024/

In today’s Monday morning update, Stephen Whiteside from TheUpTrend.com discusses mixed activity in the stock market. Friday was an inside day following Thursday’s down day, and we await a breakout or breakdown from Thursday’s trading range. Key stocks in the news include Nvidia, which is set to replace Intel in the Dow 30, with Nvidia trading higher and Intel trading lower. Crude oil has gained in the premarket, potentially signaling a buy signal if the trend holds. Whiteside also highlights various sectors and stocks, including insurance, which saw a breakdown, while U.S. bonds declined. Canadian stocks showed mixed results, with some like Bank of Montreal experiencing an inside day and others like Cenovus hitting new lows. U.S. stocks like Peloton saw reversals, while Amazon had a significant reversal on Friday, trading above $200. Whiteside ends by emphasizing the need for a breakout from Thursday’s range to confirm any substantial market moves. Stephen Whiteside TheUpTrend.com Monday November 04, 2024 https://theuptrend.com/morning-market-outlook-11042024/