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