In the premarket on Wednesday, stock index futures are trading lower as the market awaits key CPI data. Energy inventories are also in focus after crude oil hit a new low. The market was volatile on Tuesday, with large financial stocks like JPMorgan and Goldman Sachs dragging the market down. However, real estate and tech stocks helped the market recover by the close. While the S&P 500's VIX remains stable, the Russell 2000 shows weakness, indicating a risk-off trade in mid and small-cap stocks. Energy stocks continued their downward trend, while gold and silver showed slight gains. Cryptocurrencies, including Bitcoin and Ethereum, were up on Tuesday but down in the premarket on Wednesday. Bank stocks held strong despite the broader market's volatility. Stephen Whiteside TheUpTrend.com Wednesday, September 11, 2024 https://theuptrend.com/morning-market-outlook-09112024/

In today’s pre-market update, Stephen Whiteside discusses the mixed signals from Dow and Nasdaq futures, along with the upcoming Fed meeting, which will likely determine market volatility. The bond market shows strength, with bond yields moving lower, while key commodities like gold, silver, and copper are all gaining ground. Energy markets also saw movements, with potential buy signals for crude oil and gasoline. The S&P 500 is approaching all-time highs, and the Nasdaq is recovering despite lingering uncertainty. The Canadian market is also strong, with ETFs and financials making new highs. Whiteside also reviews key stocks like Nvidia, Tesla, and Palantir, all of which remain on buy signals, while some stocks like Intel and American Airlines are still trending downward. Stephen Whiteside TheUpTrend.com Monday, September 16, 2024 https://theuptrend.com/morning-market-outlook-09162024/

In Thursday’s pre-market update, Stephen Whiteside of TheUpTrend.com notes that stock index futures and commodities are trading above fair value, but upcoming economic data may shift market direction. Wednesday saw a huge surge in volatility, with the S&P 500 approaching a new daily buy signal as key price targets were nearly hit. Notably, the Nasdaq 100 also closed just below its price target. Key sectors driving market movement include semiconductors, with strong performances from Nvidia and Broadcom. The Magnificent Seven ETF is back on a buy signal, though not all underlying stocks are. Canadian markets have seen positive signals in both the tech and consumer discretionary sectors, led by Dollarama and Canadian Tire. Stephen Whiteside TheUpTrend.com Thursday, September 12, 2024 https://theuptrend.com/morning-market-outlook-09122024/