In today’s premarket, Stephen Whiteside discusses market movements, highlighting a decline in stock index futures and gold, while crude oil continues to rise. The energy sector in Canada outperformed, benefiting from the surge in oil prices. Aerospace and defense stocks also saw gains, while U.S. financials struggled.
Stephen focuses on Boeing, noting that the stock is still in a downtrend, with lower price projections. Despite minor momentum, Boeing remains a broken stock, and expectations for significant recovery are muted. He emphasizes the importance of watching price targets and signals before making any moves.
Stephen Whiteside
TheUpTrend.com
Wednesday, October 2, 2024
