In today’s Monday Morning Market Update, Stephen Whiteside discusses the positive momentum in the premarket, with stock index futures and commodities trading higher. Despite a declining VIX, major U.S. indices like the S&P 500 and Nasdaq have yet to generate buy signals, though that could change by the close. Canadian markets outperformed last week, driven by rising commodity prices, including gold reaching a new all-time high. Notably, the iShares TSX 60 ETF remains on a buy signal, with Shopify’s strength contributing to the rally.
Key stocks and sectors are analyzed, with mixed trends across energy, financials, and tech. Enbridge and Cenovus made new highs, while Telus and BCE faced declines. In the U.S., Nvidia remains on a buy signal but lacks momentum, Tesla nears a breakout, and Bitcoin is showing renewed strength. Whiteside reminds viewers that timing the stock market is crucial and invites them to visit TheUpTrend.com for more insights.
Stephen Whiteside
Monday, March 24, 2025
