Stephen Whiteside from TheUpTrend.com provides an in-depth stock market update, highlighting current trends and market conditions. Key insights include weekly performance metrics for indices like the TSX, Nasdaq, S&P 500, and Russell 2000, as well as updates on gold, crude oil, and Bitcoin. While stock indices have seen gains this week, Stephen notes that some sectors, such as gold and energy stocks, have not exhibited strong trends. He also discusses the lack of alignment between Bitcoin’s price movement and the performance of Bitcoin-related stocks.
Moving to commodities, Stephen mentions resistance levels in gold and silver, ongoing challenges for copper miners, and mixed signals in energy markets. He emphasizes the importance of timing in the stock market and urges investors to take profits where targets have been hit. Wrapping up, he provides an outlook for Friday’s market opening and reminds viewers to visit TheUpTrend.com for tools and insights to better time the market.
Stephen Whiteside
TheUpTrend.com
Friday, January 24, 2025
