Thursday was expected to focus on Nvidia (NASDAQ:NVDA), but Boeing (NYSE:BA) unexpectedly took the spotlight.
If you were trading Nvidia and had a sell order around $1,000, it likely got filled at the open, with prices jumping to $1,020. Now, it's a waiting game.
Conversely, Boeing moved in the opposite direction, dragging the Dow down with it.
Last week, we were celebrating the Dow trading above 40,000, but we've now lost a thousand points.
On Thursday, the Canadian market experienced some downward pressure, with commodities trading lower across the board.
Despite this, the NASDAQ 100 and the S&P 500 remain on daily buy signals, while the VIX is still on a daily sell signal.
With a three-day weekend ahead, Friday is expected to be relatively quiet as traders head off to enjoy the break.
Although the Canadian market will be open on Monday, we will disregard any activity north of the border, as it will be thinly traded. If a global event causes the TSX to move more than 200 points on Monday, we will update the charts Monday night.
We remain short-term bullish on the overall market, as long as the VIX closes below 13.20 on Friday.
This content was originally posted on the Stock Market Timing YouTube Channel