In today’s premarket update, Stephen Whiteside from TheUpTrend.com highlights market movements ahead of key inflation data. The week has been positive overall, with the TSX leading North American markets due to rising crude oil and gold prices. The VIX remains on a sell signal despite recent gains. The auto sector continues to struggle, potentially leading to recessionary concerns. Major index ETFs show no significant trend changes, with some at risk of sell signals. Canadian energy and gold stocks remain strong, while financials and tech stocks display mixed signals. U.S. most actives like Nvidia, Tesla, and GameStop show varying trends, with some hitting sell signals. Stephen notes a potential bullish bias going into month-end, barring unexpected economic data shocks.
Stephen Whiteside
Friday, March 28, 2025
