In the premarket on Wednesday, stock index futures are trading above fair value, with Target (NYSE:TGT) shares rising after its earnings report. The market is relatively calm ahead of the FOMC minutes and employment number revisions later in the day, which could shift market direction. The VIX remains on a sell signal, and the Dow is slightly down but near the top of its range. Highlighting key movements, such as the SPY (NYSE:SPY) reaching a price target and the Nasdaq 100 and Russell 2000 approaching their next targets. In the commodities sector, crude oil and gasoline continue to decline, while gold edges higher, closely tied to the movement of the US dollar.
This content was originally posted on the Stock Market Timing YouTube Channel
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