In today’s market update, Stephen Whiteside from TheUpTrend.com provides an overview of the pre-market conditions and key market movements. While the Dow is down and NASDAQ is higher, commodities show mixed performance, with crude oil slightly down and gold holding gains. Stocks like Walmart and JP Morgan experienced significant declines, impacting indices like the Dow and S&P 500. Sector-wise, broker dealers, cybersecurity, and transports have slipped back into sell signals, while energy stocks remain resilient.
Stephen also highlights key stock performances, including Shopify, Palantir, and BlackBerry, which are at critical price levels. The TSX has been trading within a narrow range, and small-cap stocks are struggling to maintain momentum. As the week wraps up, investors are watching for potential sell signals in major indices. He reminds viewers of the importance of market timing and trend-following strategies and encourages them to visit TheUpTrend.com for deeper insights.
Stephen Whiteside
TheUpTrend.com
Friday, February 21, 2025
