In this morning’s market update, Stephen Whiteside of TheUpTrend.com highlights a quiet pre-market with flat stock index futures and a slight pullback in Bitcoin. He discusses key market movers, including Tesla, which struggled to break out to new highs, and sector performance such as gains in semiconductors led by LAM Research and AMD, and losses in gold and healthcare stocks. He also notes that Consumer Staples performed well with stocks like Saputo rebounding, while the energy sector showed no major changes in trend.
Stephen provides an analysis of major indices, including the S&P 500, NASDAQ 100, and TSX, noting bullish activity in technology stocks such as Microsoft and Apple. He offers specific sell signal levels for various stocks and ETFs, including Bitcoin futures and Canadian banks. He concludes with insights into resistance levels and potential breakout points, setting the stage for a quiet Tuesday open.
Stephen Whiteside
TheUpTrend.com
Tuesday, December 3, 2024
