In today’s Tuesday morning update, we discuss the premarket downtrend, with stock index futures trading lower across the board. We highlight Boeing (NYSE:BA)'s strong performance, reaching a key price target, while American Express (NYSE:AXP) and Merck remain under pressure. We also explain how early warning signals indicate potential sell-offs but notes that certain stocks like Nvidia (NASDAQ:NVDA) and Kenvue (NYSE:KVUE) continue to show upward momentum.
Moving into the broader markets, we cover the Russell, TSX, and various ETFs, touching on silver and mining stocks that saw profit-taking. We emphasize the importance of top-down analysis, reminding viewers that stock price movements reflect market opinions. By utilizing Flypaper channels and considering price targets, traders can make more informed decisions about when to take profits or cut losses.
This content was originally posted on the Stock Market Timing YouTube Channel