In this morning’s market outlook, Stephen Whiteside discusses Thanksgiving eve’s impact on trading activity, with U.S. stock index futures slightly below fair value and big-cap tech stocks leading the Nasdaq lower. Commodities like crude oil, gold, and Bitcoin are trading higher, while upcoming U.S. economic data could shift market trends before the open. Whiteside highlights market movements, including sell signals for Bitcoin-related stocks and updates on major indices, such as the Nasdaq and S&P 500.
Additionally, he provides insights into the Canadian market, focusing on financial stocks holding up despite weak commodities. Gold stocks, lithium ETFs, and energy markets also receive attention, with natural gas nearing significant price targets. Whiteside closes by discussing the importance of financial stocks in sustaining the Canadian market’s strength and offers wishes for a safe and happy Thanksgiving to U.S. viewers.
Stephen Whiteside
TheUpTrend.com
Wednesday, November 27, 2024
