In this morning’s market update, Stephen Whiteside of TheUpTrend.com analyzes premarket activity, highlighting volatility across stock index futures, gold, and cryptos. He reviews Tuesday’s significant market movements, including sharp declines in the Nasdaq 100 and Canadian technology sector, spurred by rising bond yields. Major indices, Bitcoin-related stocks, and commodities like crude oil and gold are examined, with a focus on technical signals and trends influencing market sentiment.
Stephen discusses upcoming economic reports such as ADP employment and jobless claims, emphasizing their potential to drive market direction. He concludes with insights on key sectors like energy and metals, highlighting resistance levels and buy/sell signals. The update underscores the importance of timing and trend-following for navigating market fluctuations effectively.
Stephen Whiteside
TheUpTrend.com
Wednesday, January 8, 2025
