The positive pre-market trading, with stock index futures trading above fair value and no major economic data expected. However, the Fed chairman's speech later today could impact market direction. Key market indices like the Dow, S&P 500, and Nasdaq showed strength, hitting new highs or showing recovery from recent pullbacks. The Magnificent Seven ETF and several major tech stocks displayed mixed signals, with potential for sell signals if certain thresholds are crossed. Canadian markets also performed well, with the TSX 60 and financials making new highs. Energy and gold stocks saw gains, while telecom stocks remained underperformers. Concluding with a look at active stocks like Nvidia (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), and Apple (NASDAQ:AAPL), noting important price targets and potential trend changes. Overall, the market sentiment appears positive, with futures indicating a strong start to the week.
This content was originally posted on the Stock Market Timing YouTube Channel