Discussing the quiet pre-market activity due to the U.S. Thanksgiving holiday, with minimal trading on Bay Street. We highlight the previous day’s downturn in big-cap tech stocks, which pressured ETFs, while indices like the NASDAQ 100 and S&P 500 struggled with key resistance levels. The discussion also covers market dynamics in Bitcoin, bonds, currencies, and Canadian telecom and financial stocks, focusing on their role in stabilizing the TSX.
We also examine trends in the gold sector, noting a divergence between the rising price of gold and underperforming gold stocks like Barrick. We advise investors to focus on stocks that currently attract market interest. Wrapping up, we highlight the importance of patience during quiet market days and extends Thanksgiving wishes, promising further insights in the next update.
This content was originally posted on the Stock Market Timing YouTube Channel
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.