In this Tuesday morning market update, Stephen Whiteside from TheUpTrend.com provides a comprehensive overview of the current market conditions. With no major economic news scheduled, futures and commodities were mixed in the pre-market. The VIX indicators for the S&P 500, NASDAQ, and Russell 2000 remain on sell signals, suggesting continued support for higher stock prices. Despite early warning chevrons signaling potential market bottoms, no confirmed bullish signals have emerged yet.
Stephen reviews key benchmarks including the TSX, Dow, S&P 500, and NASDAQ 100, highlighting each index’s average true range and explaining what levels of volatility would raise investor interest. He also examines the most active U.S. stocks such as Nvidia, UnitedHealthcare, Tesla, and Amazon, discussing potential breakout and breakdown levels, early warning signals, and key price targets. Overall, the tone is cautious but constructive, with attention to critical price points and volatility signals for short-term trading decisions.
Stephen Whiteside
Tuesday, May 20, 2025
