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Listen "Tesla Breaking $200"
Episode Synopsis
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https://theuptrend.com/tesla-breaking-200/
In the pre-market on Thursday, stock index futures were mixed, with the S&P 500 and Nasdaq trading, while the Dow was lower, impacted by Boeing's performance. The VIX remained on a sell signal, indicating support for higher stock prices, but that could change with a close above 13.99. On Wednesday, the Nasdaq hit a new high, driven by positive results from companies like Netflix, ASML, and Advanced Micro Devices. However, the Canadian infotech sector closed slightly lower, with Shopify's performance affected by Blackberry's decline. Tesla also experienced a new closing low, prompting the speaker to suggest potential price targets for short selling.
In the commodities market, Copper was up sharply, leading to gains in copper miners, with Freeport showing potential for upward movement. Gold and silver miners had volatile days, while crude oil and natural gas prices experienced fluctuations. Energy stocks on the TSX and in New York were monitored for potential buy signals, with specific price levels set for confirmation. The presentation concluded with an outlook for a mixed open on Thursday, with the speaker's voice scheduled to return on Friday morning.
Stephen Whiteside
TheUpTrend.com
Thursday, January 25, 2024
https://theuptrend.com/tesla-breaking-200/
In the pre-market on Thursday, stock index futures were mixed, with the S&P 500 and Nasdaq trading, while the Dow was lower, impacted by Boeing's performance. The VIX remained on a sell signal, indicating support for higher stock prices, but that could change with a close above 13.99. On Wednesday, the Nasdaq hit a new high, driven by positive results from companies like Netflix, ASML, and Advanced Micro Devices. However, the Canadian infotech sector closed slightly lower, with Shopify's performance affected by Blackberry's decline. Tesla also experienced a new closing low, prompting the speaker to suggest potential price targets for short selling.
In the commodities market, Copper was up sharply, leading to gains in copper miners, with Freeport showing potential for upward movement. Gold and silver miners had volatile days, while crude oil and natural gas prices experienced fluctuations. Energy stocks on the TSX and in New York were monitored for potential buy signals, with specific price levels set for confirmation. The presentation concluded with an outlook for a mixed open on Thursday, with the speaker's voice scheduled to return on Friday morning.
Stephen Whiteside
TheUpTrend.com
Thursday, January 25, 2024
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