In today’s market update, Stephen Whiteside from TheUpTrend.com provides insights into the crypto market, the Magnificent Nine stocks, and the Canadian banking sector. Bitcoin is on a sell signal, dropping significantly in pre-market trading, while crypto-related stocks and ETFs remain under pressure. Among the Magnificent Nine, Apple struggles to break past $250, Nvidia reverses ahead of earnings, and Microsoft shows a bearish trend. Meanwhile, Shopify and Tesla exhibit some resilience despite overall market weakness.
In the Canadian banking sector, the Bank of Montreal is trading higher following earnings, while other major banks, including the Royal Bank and CIBC, remain under pressure. The TD Bank continues to show strength, with professionals maintaining control. Whiteside emphasizes the importance of stock market timing, trends, and professional involvement in trading decisions. He encourages viewers to stay updated by liking, sharing, and subscribing to TheUpTrend.com for more market insights.
Stephen Whiteside
TheUpTrend.com
Tuesday, February 25, 2025
