Good morning and welcome to Monday Mornings Market Outlook
In today’s video, Stephen Whiteside from theuptrend.com provided a market update, noting mixed stock index futures with the Nasdaq leading lower, while commodities were trading higher. On Friday, the VIX made a new high before pulling back, and both Gold and Silver saw significant reversals but no new sell signals, with Gold and Silver trading higher pre-market. He mentioned no new sell signals for gold stocks despite a pullback. In the Canadian market, most actively traded stocks, mainly commodities, are on sell signals, with specific price targets for Cenovus, TC Energy, and others. In contrast, US most active stocks are mostly on buy signals, with Nvidia, Apple, and Amazon highlighted.
Stephen Whiteside
TheUpTrend.com
Monday, June 24, 2024
