US markets poised for an upward trajectory

ca.investing.com/analysis/us-markets-poised-for-an-upward-trajectory-200598401

By Stephen Whiteside | May 13, 2024 08:43

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XAU/USD

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VIX

-6.03%

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Welcome to this week's Market Outlook.

We closed last week on a bullish note as the major US indices signaled weekly buys, aligning with the Canadian market's existing weekly buy signal.

It seems the US markets are poised for an upward trajectory, potentially retesting March's recent highs.

Now, it's a critical juncture.

As always, we're keeping a close eye on the VIX, our market indicator. Any shift in market sentiment will likely manifest in the VIX.

We'll be watching for a daily close above 14.77 on Monday. If not, that threshold will adjust downward daily.

Gold showed a new daily buy signal at Friday's close, although it's currently retracing in premarket trading.

This content was originally posted on the Stock Market Timing YouTube Channel

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S&P/TSX	24,758.76	+174.72	+0.71%
S&P/TSX 60	1,492.02	+10.38	+0.70%
US 30	42,768.5	+189.7	+0.45%
US 500	5,764.8	+26.3	+0.46%
S&P 500 VIX	23.37	-1.50	-6.03%
DAX	23,008.94	-410.54	-1.75%
Dollar Index	103.810	-0.220	-0.21%

Crude Oil WTI	67.04	+0.68	+1.02%
Brent Oil	70.36	+0.90	+1.30%
Natural Gas	4.399	+0.097	+2.32%
Gold	2,914.10	-12.50	-0.43%
Silver	32.809	-0.529	-1.59%
US Soybeans	1,025.00	-2.25	-0.22%
US Cotton #2	64.76	+0.86	+1.35%

Bombardier Inc	85.990	-1.410	-1.61%
Enbridge	42.00	+0.40	+0.96%
Air Canada	16.36	+0.29	+1.80%
Broadcom DRC	46.25	+3.66	+8.59%
Apple	239.07	+3.74	+1.59%
Alibaba ADR	140.62	+0.67	+0.48%
Tesla	262.67	-0.78	-0.30%

Canada 5Y	2.688	-0.042	-1.47%
Canada 10Y	3.031	-0.036	-1.30%
Canada 30Y	3.261	-0.042	-1.21%
U.S. 2Y	3.999	+0.034	+0.76%
U.S. 10Y	4.304	+0.025	+0.70%
U.S. 30Y	4.601	+0.022	+0.44%
Germany 10Y	2.8350	-0.0495	-1.73%

US markets poised for an upward trajectory

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