n this morning’s update, Stephen Whiteside from TheUpTrend.com reviews the market activity ahead of the employment numbers release, which could influence market direction. Stock index futures, led by the Nasdaq, are trading higher, along with commodities such as crude oil. He highlights specific stocks like Chipotle, Nvidia, and Tesla, analyzing their recent performance. He also notes that materials in the US are back on a sell signal, while sectors like energy are showing positive trends.
Stephen emphasizes the importance of using different charts (monthly, weekly, daily) depending on your investment style, whether you are a long-term investor or a short-term trader. He also analyzes Chipotle in detail, explaining the technical signals traders should watch for. The video concludes with a reminder of his “31 Stocks in 31 Days” series, which will continue over the weekend.
Stephen Whiteside
TheUpTrend.com
Friday, October 4, 2024
