In today’s market update, Stephen Whiteside of TheUpTrend.com discusses the key financial events shaping the market, including the Federal Reserve meeting, energy inventories, and upcoming earnings reports from major tech companies like Microsoft, Meta, and Tesla. He highlights the ongoing market trends, with the Nasdaq rebounding, Apple and Amazon hitting new highs, and Nvidia struggling. He also touches on sector performance, noting strong moves in Infotech and communication services, while energy stocks remain under pressure.
Stephen also provides insights into ARK ETFs, emphasizing the strength of the Industrial ETF over the Genomics ETF. He reviews commodities, noting gold’s attempt to fill an open gap while silver struggles, and highlights energy markets facing downward pressure. As volatility is expected to surge post-Fed announcement, he reminds traders to stay vigilant. He concludes by encouraging viewers to like, comment, and subscribe for more market timing insights.
Stephen Whiteside
TheUpTrend.com
Wednesday, January 29, 2025
