Stephen Whiteside from TheUpTrend.com kicks off the week with a look at the stock market ahead of the Fed’s interest rate decision on Wednesday. Futures are slightly down, and while Friday’s market saw a reversal, there’s no strong follow-through yet. Key economic reports this week include retail sales, jobless claims, and home sales. The VIX rolled over on Friday, signaling potential support for higher stock prices, though consumer-related stocks and Tesla continue to struggle. Nvidia, however, returned to a buy signal, and major indexes like the Dow and S&P 500 showed strength, though caution is advised before jumping in.
In the Canadian market, Infotech was the biggest loser last week, while TSX 60 ETFs remain within their trading channels. Tesla remains volatile, with resistance at $250, while stocks like Broadcom and Microsoft show some potential for new buy signals. Commodities, including gold and silver, hit new highs on Friday, while energy remains quiet. As the market anticipates the Fed’s decision, any unexpected news could trigger sharp moves. Stephen reminds viewers that stock market timing is crucial and invites them to visit TheUpTrend.com for more insights.
Stephen Whiteside
Monday, March 17, 2025
