Stephen Whiteside from TheUpTrend.com reports that US-China trade talks have accelerated, leading to a strong market rally on Monday morning. Stock index futures are up sharply, with the Dow climbing over a thousand points and the Nasdaq up over 800 points. Key economic data releases are expected on Tuesday and Thursday, which could potentially influence market momentum. The VIX remains on a sell signal, supporting higher stock prices, while major index ETFs like the TSX 60 and Vanguard Canada ETF are advancing toward recent highs.
Energy stocks are benefitting from higher crude oil prices, while gold is down $120, putting pressure on the gold sector. Notable US stocks such as Tesla, Lucid, Nvidia, and Ford are poised for strong trading days, while Canadian stocks like Suncor, Enbridge, and Canadian Natural Resources are also showing positive momentum. Air Canada is making significant gains, having filled key price gaps, while Barrick Gold may face selling pressure due to falling gold prices. Stephen reminds viewers that timing is critical in stock market trading and directs them to visit TheUpTrend.com for further insights.
Stephen Whiteside
Monday, May 12, 2025
