In today’s market update, Stephen Whiteside highlights the premarket’s early signs of profit-taking, with the Dow down 200 points. He discusses key market indicators, including the VIX, which remains on a sell signal for the S&P 500, Nasdaq, and Russell. The US Dollar’s movement against the Euro and bond market fluctuations are also addressed, with rising yields potentially pressuring the stock market.
Whiteside reviews commodity trends, noting crude oil’s recent sell signal and continued weakness in gasoline and natural gas. He also covers gold’s stability, despite a pullback, and updates on various major index ETFs, emphasizing the Nasdaq’s relative underperformance. As September begins, historically a volatile month, the market faces potential headwinds from currency and bond market movements.
Stephen Whiteside
TheUpTrend.com
Tuesday, September 3, 2024
[00:00:00]: Welcome and Market Overview
[00:00:16]: Economic Numbers and VIX Analysis
[00:00:59]: Currency Market Movements
[00:01:28]: Bond Market Trends
[00:01:52]: Crude Oil and Commodities Update
[00:02:54]: Precious Metals and Cryptos
[00:03:08]: Major Index ETF Analysis
[00:05:04]: Nasdaq and Next Generation Nasdaq
[00:06:33]: Small Caps and Financials
[00:07:37]: Magnificent Seven ETF and September Outlook
