In this morning’s update, Stephen Whiteside from TheUpTrend.com reviewed Monday’s volatile trading session, highlighting a sharp downturn in AI-related stocks and the technology sector, particularly semiconductors. Nvidia, Tesla, and Alphabet faced sell signals, while Meta reached new highs. Despite the turbulence, the overall market showed resilience as money shifted into sectors like consumer staples, healthcare, and financials. Canadian stocks like Celestica and energy-related equities also faced steep losses, but telecom stocks like Telus and BCE saw gains.
Looking ahead, key events include the Federal Reserve’s meeting on Wednesday, which is likely to trigger volatility, and significant economic reports such as GDP and jobless claims later in the week. Stephen emphasized that the broader market trends remained intact, with mid-cap, small-cap, and micro-cap stocks staying off sell signals. As always, he encouraged viewers to focus on market timing and trends for strategic investing.
Stephen Whiteside
TheUpTrend.com
Tuesday, January 28, 2025
