In today’s premarket update, Stephen Whiteside from TheUpTrend.com discusses the broad downturn in stock index futures and highlights a rise in commodity prices, including gold and crude oil. He reviews the VIX and notes its unusual behavior this October, suggesting a potential time shift for market movements that may push anticipated drops into November. Additionally, major stock indices are overbought, while the energy sector remains on a sell signal across the US and Canadian markets.
The crypto sector is seeing growth, with several stocks like Bitfarms and Hive experiencing significant moves. He also covers updates in bonds, commodities like copper and silver, and major stocks, including Netflix’s notable rise in the US market on Friday. Stephen concludes by preparing viewers for potential selling at Monday’s market open.
Stephen Whiteside
TheUpTrend.com
Monday, October 21, 2024
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