Good morning investors and welcome to Tuesday morning.
In the U.S. market, we experienced a 'risk off' rally with relatively low trading volume on Monday. It will be interesting to see if this trend extends to other markets throughout the day.
Turning our attention to Canada, the major story was a significant drop in gold prices, which fell over $60 on Monday.
Currently, both gold and silver are issuing daily sell signals, with both continuing to trade lower in the premarket this morning.
Meanwhile, the VIX continues to show a daily buy signal, suggesting a continued short-term bearish outlook for the market.
This content was originally posted on the Stock Market Timing YouTube Channel