In Tuesday morning’s market update, Stephen Whiteside from TheUpTrend.com highlights a quiet premarket environment with no significant economic news. Boeing is under pressure after China restricted its airlines from accepting deliveries, pulling the stock down despite nearing a new buy signal. Meanwhile, Ford saw a strong gain on Monday following comments from Donald Trump about potential tariff support, although there’s no follow-through in Tuesday’s premarket. The VIX is nearing a key level that could indicate a sell signal, which would be supportive of higher stock prices. Indexes like the Dow, S&P 500, and NASDAQ showed mixed signals, with many still on sell signals heading into Tuesday.
The video also reviews various sector performances, including continued weakness in small-cap stocks and mixed signals from major tech names in the “Magnificent Nine.” While Broadcom, Alphabet, Microsoft, and Nvidia remain on buy signals, others like Apple and Meta failed to follow through. Gold stocks closed higher, while real estate stocks led gains both in the U.S. and Canada. Whiteside concludes that the market lacks enthusiasm heading into Tuesday’s trading and emphasizes the importance of watching for new signals to determine market direction.
Stephen Whiteside
Tuesday, April 15, 2025
