[00:00:00]: Introduction and Presentation Overview
[00:01:11]: VIX and US Market Trends
[00:02:15]: S&P and Triple Qs Analysis
[00:03:22]: Mid Caps, Small Caps, and Micro Caps Update
[00:04:25]: Percentage of Stocks Above Moving Averages
[00:05:35]: Canadian Market Trends and Sell Signals
[00:06:40]: Bank and Energy Stocks Performance
[00:07:47]: Gold Stocks and Major Losers
[00:09:00]: Nvidia and Tech Stocks Analysis
[00:09:27]: Conclusion and Next Update
Stephen Whiteside from theuptrend.com presents the weekly “Protect Your Portfolio” series, focusing on market trends using weekly charts to filter out daily noise. The analysis, which will soon be available to members only for $99 per year (or $79 with a coupon before July 1), highlights the key market movements without requiring viewers to sift through thousands of charts.
Key points include:
- The VIX, or fear index, for the S&P 500 rose slightly but didn’t signal a trend change. The S&P 500 and SPY reached new highs, while the Nasdaq’s triple Qs approached $500.
- Nvidia showed a bearish reversal, indicating potential future challenges.
- Mid, Small, and Micro Caps had minimal movements, with a notable sell signal in small cap stocks suggesting risk aversion among investors.
- The percentage of S&P 500 stocks above their 200-day and 50-day moving averages shows a recent pullback, indicating a market that might reverse if it continues to drop.
- In the Canadian market, a sell signal appeared in the small cap ETF, while the TSX made a new low for the move, showing investor caution.
- Bank and energy stocks showed mixed results, while gold stocks remained stable with a slight increase.
- Major tech stocks like Microsoft, Apple, and Nvidia experienced minor pullbacks, with Nvidia potentially topping out.
Stephen concludes by noting only one major trend change (TSX Small Cap sell signal) and invites viewers to tune in for the daily market update on Monday. He encourages likes, shares, and subscriptions to the channel.
