In today’s pre-market update, Stephen Whiteside discusses the mixed signals from Dow and Nasdaq futures, along with the upcoming Fed meeting, which will likely determine market volatility. The bond market shows strength, with bond yields moving lower, while key commodities like gold, silver, and copper are all gaining ground. Energy markets also saw movements, with potential buy signals for crude oil and gasoline.
The S&P 500 is approaching all-time highs, and the Nasdaq is recovering despite lingering uncertainty. The Canadian market is also strong, with ETFs and financials making new highs. Whiteside also reviews key stocks like Nvidia, Tesla, and Palantir, all of which remain on buy signals, while some stocks like Intel and American Airlines are still trending downward.
Stephen Whiteside
TheUpTrend.com
Monday, September 16, 2024
