Stephen Whiteside from TheUpTrend.com covers the latest stock market movements in his Thursday morning update. He discusses the jobless claims report, which had little effect on a downtrending market at the open. Stephen highlights slight movements in key indices, including the S&P 500, NASDAQ, and Dow. Big-cap tech stocks like Meta and Palantir have experienced sell-offs, while Microsoft saw a slight rebound.
He also touches on trends in energy inventories and bond yields, which could impact future stock performance.
Commodities are also reviewed, with copper still on a buy signal and natural gas hitting a new high before pulling back. Gold and silver markets experienced minor fluctuations, and energy stocks are attempting to break through recent highs. Stephen signs off by encouraging viewers to subscribe and visit TheUpTrend.com for more stock market timing insights.
Stephen Whiteside
TheUpTrend.com
Thursday, February 20, 2025
