This Wednesday morning, we highlight a relatively quiet pre-market with mixed commodities and stock index futures slightly below fair value. Technology stocks, especially Nvidia (NASDAQ:NVDA) and the S&P technology ETF, continue to lead the market higher, while small and microcaps face indecision, marked by inside days. Crude oil reversed after reaching a new high, and healthcare and biotechs remain weak, sustaining sell signals.
We emphasize the strength of Shopify (TSX:SHOP) in the Canadian market and discusses GE Aerospace, a stock showing long-term strength. We advises investors to rely on weekly and monthly charts to filter out market noise, rather than focusing on daily fluctuations. GE Aerospace is seen as a stock for long-term investors rather than short-term traders, given its consistent performance over the past year and a half.
This content was originally posted on the Stock Market Timing YouTube Channel
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