Stephen Whiteside from TheUpTrend.com provides a comprehensive Friday morning market update ahead of a long weekend in Canada. Despite lighter trading volumes, major indices are showing gains with the S&P 500 up 4.54% and the NASDAQ up over 6% for the week. While some Dow 30 stocks, such as Boeing, Disney, and Goldman Sachs, are showing strong performance, nearly half of the Dow 30 stocks are struggling to break through resistance, including Apple, Amgen, and Verizon. Stephen advises caution, recommending half positions as the market remains overbought.
The energy sector is experiencing a pullback, with key stocks like Enbridge, White Cap, and Canadian Natural Resources facing sell signals. Meanwhile, Nvidia, Tesla, and Lucid are highlighted as some of the most active stocks, with notable moves in both directions. Stephen concludes by reminding viewers of the importance of stock market timing and invites them to visit TheUpTrend.com for further insights.
Stephen Whiteside
Friday, May 16, 2025
