Stephen Whiteside from TheUpTrend.com delivers the Monday Morning Market Outlook, highlighting key trends and opportunities in the stock market. With stock index futures and commodities trading higher, the tech sector leads the way, signaling potential gains for big-cap tech stocks. Energy stocks remain strong following last week’s breakout in crude oil and natural gas prices. Meanwhile, the VIX remains on a sell signal, suggesting a supportive environment for higher stock prices. Bitcoin approaches the $100,000 level, with a potential buy signal, while bond market activity indicates falling prices and rising yields.
In the currency market, the US dollar holds firm while other currencies like the Canadian dollar show short-term gains. The analysis also covers major indices and ETFs, noting buy signal possibilities for key markets such as the S&P 500, Nasdaq, and Russell 2000. Energy and financial stocks like TD Bank and Enbridge are highlighted for their bullish moves. Stephen concludes by discussing most-active stocks, including Nvidia, Tesla, and Apple, providing insights into their trends and key levels to watch.
Stephen Whiteside
TheUpTrend.com
Monday, January 6, 2025
