We review the premarket activity where stock index futures are down, while commodities are mixed with crude oil declining and gold rising. We highlight that no major economic data is expected today, except for energy inventories later on. The marijuana sector saw a significant uptick on Tuesday, while stocks like McDonald's (NYSE:MCD) and Starbucks (NASDAQ:SBUX) are down premarket. Several major indices, including the Dow, S&P 500, and Nasdaq, are on the verge of new sell signals, with some sectors like industrials and retail already ending on sell signals.
We also provide a detailed analysis of individual stocks, including Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Alphabet (NASDAQ:GOOGL), focusing on daily price targets. We emphasize the importance of having predefined price targets and locking in profits at critical points. Additionally, we highlight a variety of stocks that are generating early warning signals, cautioning traders to prepare for potential sell-offs. The update concludes with a brief discussion on Tesla (NASDAQ:TSLA)'s upcoming earnings and potential price movements.
This content was originally posted on the Stock Market Timing YouTube Channel
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