In Monday’s premarket update, Stephen Whiteside of TheUpTrend.com discusses the bullish momentum in the stock market as U.S. indices push higher ahead of Thanksgiving week. The Dow is leading gains, and the S&P 500 and NASDAQ are showing signs of recovery, with key ETFs like the equal-weighted S&P and NASDAQ outperforming.
Stephen highlights the continued struggles of big-cap tech stocks like Alphabet, Amazon, and Meta, while small-cap and mid-cap stocks signal increased risk-on sentiment.
In the Canadian market, the TSX and TSX 60 are hitting new highs, driven by strength in financials and industrials. Energy stocks face resistance, while gold and silver stocks struggle to break through key levels. Stephen also provides insights into commodities, including crude oil, natural gas, and copper. With no significant economic data this morning, the market appears set for a positive open.
Stephen Whiteside
TheUpTrend.com
Monday, November 25, 2024
