As of yesterday, the VIX has declined further, closing the day with a sell signal, indicating potential support for rising stock prices.
Both the Dow and TSX 60 concluded Tuesday with new daily buy signals, suggesting a continued rally, albeit on lower volume, which appears to be a risk-off movement.
Highlighting the news this morning, Tesla (NASDAQ:TSLA) and Boeing (NYSE:BA) are significantly influencing stock index futures.
In commodities, both crude oil and gold are trading lower in the pre-market, which could potentially restrain the Canadian market today.
On a positive note, Canadian telecommunications stocks are beginning to move out of the doghouse.
This content was originally posted on the Stock Market Timing YouTube Channel