In Thursday’s premarket, stock futures and commodities were trading higher, with the Dow up over 480 points, signaling optimism despite Wednesday’s volatility. Stephen Whiteside discusses how the market hit new all-time highs before reversing, causing a bearish reversal signal. However, Thursday’s premarket shows strength, and if stocks close above Wednesday’s highs, it will nullify the bearish signal.
Whiteside highlights that several sectors, such as the Russell 2000 and Canadian market, showed mixed results, while commodities like crude oil and metals remained steady despite minor pullbacks. He wraps up with updates on bond market performance and recent developments in the Canadian telecom sector, while emphasizing a “forget about yesterday” mindset moving forward.
Stephen Whiteside
TheUpTrend.com
Thursday, September 19, 2024
