In Tuesday’s premarket update, Stephen Whiteside from TheUpTrend.com reviews the market’s latest moves, with stock index futures trading down while commodities trend higher. He highlights Ford’s 5% dip following earnings and Trump Media’s continued rally. Key stocks like iShares TSX 60, Circle K, and Cameco are discussed, showing mixed performance. Steel Dynamics approaches resistance, while inside days for major indices signal possible consolidation.
In the commodity space, energy stocks show weakness, with the TSX Energy ETF and S&P Energy ETF on sell signals, joined by gold and mining stocks GDX and XGD. Stephen also shares that tutorials have been rescheduled due to his recent illness, promising a Wednesday morning update to continue guiding investors.
Stephen Whiteside
TheUpTrend.com
Tuesday, October 29, 2024
