In today’s stock market update, Stephen Whiteside from TheUpTrend.com discusses pre-market trends, key stock movements, and market indicators. Futures and commodities are trading higher, while the VIX remains in focus as a potential sell signal indicator. Bond markets are stable, and gold stocks show strong momentum, though caution is advised. Major index ETFs, including the TSX 60 and Vanguard Canada, remain neutral, while the Dow and Nasdaq are at critical technical levels.
Stocks such as Nvidia, Palantir, and Uber exhibit bullish signals, while companies like Ford, AMD, and Alphabet continue to struggle. The video also highlights significant market reactions in Canadian stocks, including Enbridge, Manulife, and BlackBerry. Investors are encouraged to monitor key resistance and support levels closely. Stephen concludes by reminding viewers of the importance of market timing and trend-following strategies for successful trading.
Stephen Whiteside
TheUpTrend.com
Monday, February 10, 2025
