In today’s stock market update, Stephen Whiteside from TheUpTrend.com discusses the market’s pre-market movements, highlighting a bearish close on Tuesday followed by a modest rebound overnight. He covers key sectors, noting that US financials, including regional banks and major firms like American Express, are under selling pressure. The VIX continues to rise, signaling market uncertainty, while Bitcoin and crypto-related stocks remain on sell signals. The TSX 60 also experienced a downturn, though Kinross and Hydro One showed strength. Meanwhile, major US indices filled previous gaps, reflecting broader market weakness, with Nvidia and UnitedHealth providing some optimism.
Commodities faced mixed results, with gold showing potential for a buy signal, crude oil hitting new lows, and agricultural commodities declining due to tariff concerns. Copper remains stagnant, and natural gas sees gains from cold weather conditions. The report concludes with a note that futures lost momentum toward the market open, reducing early optimism. Stephen emphasizes the importance of stock market timing and invites viewers to engage with TheUpTrend.com for more insights.
Stephen Whiteside
TheUpTrend.com
Wednesday, March 5, 2025
