In today’s stock market update, Stephen Whiteside discusses the market’s pre-market weakness and potential recovery later in the day. Payroll numbers, crude oil inventories, and an upcoming speech from President Trump could impact market direction. The VIX remains on a buy signal, indicating ongoing market uncertainty. While the TSX 60, TSX, and key sectors like infotech, utilities, and energy performed well, telecom and healthcare lagged. Major U.S. indices, including the S&P 500 and NASDAQ, showed bullish signals by closing above the previous day’s highs.
Commodities saw minor pullbacks, with crude oil dipping slightly while gasoline continued higher. Gold stocks also experienced small declines but maintained their upward trends. Canadian and U.S. energy stocks remain on buy signals. Investors are watching closely for post-market developments that could shift sentiment. Stephen reminds viewers of the importance of stock market timing and trend analysis, directing them to TheUpTrend.com for further insights.
Stephen Whiteside
Wednesday, April 2, 2025
