In today’s pre-market analysis, Stephen Whiteside of TheUpTrend.com reports that stock index futures and commodities are trading higher. While economic numbers expected later this morning may influence the market’s direction, yesterday’s losses have weighed on weekly performance across sectors, especially technology, where losses exceed two percent.
Whiteside also highlights key trends, such as increased VIX levels, reflecting heightened market concerns. Stocks like Microsoft, Amazon, and Intel are up slightly in pre-market trading, though not enough to offset recent drops. Canadian markets and various commodities—such as oil, platinum, and silver—also experienced sell signals. Whiteside advises caution as investors await the day’s employment data to shape market sentiment.
Stephen Whiteside
TheUpTrend.com
Friday, November 1, 2024
