In today’s market update, Stephen Whiteside from TheUpTrend.com discusses the current state of the stock market, highlighting pre-market activity, key economic reports, and major stock movements. He emphasizes the importance of locking in profits during a falling market, particularly for those holding positions in the VIX, Bitcoin, or bear ETFs. Whiteside also addresses significant declines in sectors like aerospace, defense, and technology, noting that Tesla, Amazon, and Nvidia are all showing signs of weakness. He warns that while the market may see short-term bounces, an overall downtrend is likely to continue.
Additionally, Whiteside examines the performance of major indices and the Magnificent Seven stocks, pointing out critical technical levels such as the 200-day moving average. He advises traders to watch for potential reversals but remains cautious about expecting a sustained uptrend. The video concludes with a reminder about the importance of stock market timing and trend analysis, directing viewers to TheUpTrend.com for further insights.
Stephen Whiteside
Tuesday, March 11, 2025
