In today’s premarket update, Stephen Whiteside from TheUpTrend.com discusses the current state of the stock market, highlighting divergence between U.S. and Canadian markets. He reviews major indexes such as the Nasdaq, Dow Jones, and S&P 500, noting significant buy signals for ETFs while warning of increased volatility. Key stocks like Etsy, Apple, and Dollarama are reviewed, with particular focus on their recent performance and technical outlook.
Whiteside also emphasizes the importance of the VIX index in predicting market movements, particularly for the volatile months of October and November. With sector-specific insights into financials, energy, and technology, the update provides a well-rounded overview of market conditions as traders prepare for potential shakeups in the coming weeks.
Stephen Whiteside
TheUpTrend.com
Monday, October 7, 2024
