In today’s stock market update, Stephen Whiteside from TheUpTrend.com highlights market movements and key stock performances. While futures and commodities are trading above fair value in the pre-market, no major economic numbers are expected today. Intel is trading higher on takeover rumors, while Delta remains on a sell signal. Market support factors include a lower US dollar index, higher bond prices, and a VIX sell signal. The iShares TSX 60 and Vanguard Canada ETFs are near potential sell signals, while sectors like gold and energy show varying trends.
In the US markets, the NASDAQ 100 reached new highs, led by strong performances from Airbnb and Applovin. While major stocks like Meta and Nvidia showed continued upward trends, others such as Microsoft, Alphabet, and Amazon remained stagnant or weak. Stephen also reviewed stocks like Tesla, Shopify, and Procter & Gamble for their near-term trading outlooks. Viewers are encouraged to follow the trend for better stock timing strategies.
Stephen Whiteside
TheUpTrend.com
Tuesday, February 18, 2025
