In this morning’s market update, Stephen Whiteside from TheUpTrend.com discusses the volatile pre-market conditions, with the Dow futures fluctuating and the NASDAQ leading the decline. Key economic reports, including jobless claims, international trade, and productivity costs, are expected to impact market direction. Notable movements include auto stocks reacting to tariff news, Bitcoin nearing a potential buy signal, and crude oil hitting new lows while energy stocks remain under pressure. Gold stocks have shown some strength, but infotech continues to lead the market lower.
Additionally, U.S. and Canadian markets exhibited mixed trends, with inside days for major indices and a declining U.S. dollar fueling gains in the euro. Bonds have been trending higher, and copper saw a sharp rise, while gold and silver remain volatile. The market’s direction depends on upcoming economic data, and traders are advised to monitor key levels closely. The video concludes with a reminder of the importance of stock market timing and trend analysis for making informed investment decisions.
Stephen Whiteside
TheUpTrend.com
Thursday, March 6, 2025
