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Market Top Warning: Dow 40,000 Celebration Over?

Published 2024-05-21, 09:09 a/m
DJI
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NVDA
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The premarket is very quiet today, with no significant economic data being released. We might see the market remain steady until Nvidia (NASDAQ:NVDA)'s earnings report on Wednesday.

Yesterday, the Dow slipped back below 40,000 and closed below the previous day's low, indicating that the market might need a breather.

Both gold and crude oil are trading slightly lower in the premarket, which could exert some downward pressure on the Canadian stock market today.

We remain short-term bullish as long as the VIX does not close above 13.60 today.

This content was originally posted on the Stock Market Timing YouTube Channel

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