Today’s video from Stephen Whiteside of TheUpTrend.com provides a detailed analysis of current market conditions as U.S. stock markets remain closed in honor of President Jimmy Carter. He highlights key movements in the bond market, where falling bond prices have driven yields higher, creating significant stress in the broader stock market. Stephen discusses elevated levels of the VIX or “fear index,” which suggests growing concerns among traders. He also provides insights into Canadian market dynamics, noting the differing market compositions between Canada and the U.S., with financial institutions playing a more dominant role in Canada.
Stephen also reviews major sectors and stocks, analyzing daily, weekly, and monthly trends for swing and position traders. He highlights opportunities in the energy and telecom sectors while warning about long-term bearish patterns in some areas. Stephen concludes by encouraging viewers to leverage tools like right-side charts to make informed decisions based on their trading style and timeframe.
Stephen Whiteside
TheUpTrend.com
Thursday, January 9, 2025
