• Hello everyone, and welcome to Tuesday morning. .
• In the pre market this morning, things are fairly bullish. .
• We've got stock index futures slightly above fair value. .
• Commodities are all trading above fair .
• value, being led higher by crude oil up over 2%. .
• Well, we had a lot of negative news come out of China yesterday. .
• It didn't really seem to hurt the stocks very much. .
• There's the SPDR China ETF closing up on the day. .
• And then some of the casinos. .
• Got some good news yesterday from China. .
• And so we saw WINN resorts and Las Vegas sands both trade higher on Monday. .
• Now looking at the rest of the market, .
• starting with the VIX, the VIX gapped higher yesterday, .
• closed at the lower channel line, so we're still looking for a close above 23. .
• 73 on Tuesday. Looking at the US. .
• Dollar index, while day yesterday we went down to retest the recent low and then .
• reversed closed higher on the day, looking for close on Tuesday above 107.44. .
• Now, the biggest news of the day was the big reversal in the price of crude .
• oil, which dipped below 75 and then closed higher on the day. .
• And as I mentioned earlier, .
• we're trading higher again in the pre market on Tuesday morning. .
• Looking at the major index ETFs, .
• you can see we dipped into the channel for the Dow Diamonds, as did the SPDR ETF. .
• And then the QQQ's for the Nasdaq traded .
• down to the lower channel line yesterday, looking for a close on Tuesday below 281. .
• 30 to give us a sell signal there's .
• the Ishares for the TSX 60 holding just above the upper channel line. .
• Now, energy stocks moved down yesterday. .
• The Ishares for the TSX 60 down 1. .
• 6%, while the SPDR ETF in the US. .
• Was down 2.74 percent, .
• Back on a daily Sell signal looking at gold. .
• Gold was down $14.30 yesterday, looking for a close on Tuesday below 1750. .
• 69. .
• The gold miners ETF, the GDX, .
• traded down to the lower channel line, looking for a close below 27. .
• 20 on Tuesday to give us a sell signal. .
• And then for the Ishares for the TSX Global Gold Index, .
• we're looking for a close below 16.44. Looking at some stocks in the news. .
• Well, Apple had a big down day yesterday. .
• It is back on a sell signal. .
• So it looks like we've put in a lower high once again. .
• Now we'll have to wait and see if we can put in a lower low. .
• Looking at Tesla, .
• Tesla traded up to the upper channel line .
• yesterday, we're looking for a close above 187. .
• 37 to give us a buy signal on Tuesday. .
• Amazon, I'm not sure people were overly .
• excited about how Amazon did during Black Friday and Cyber Monday. .
• We traded higher yesterday, we're still looking for a close above 96. .
• 28. .
• Now compare that stock to Walmart, which hit a new high on Monday. .
• And our last chart this morning is Shopify. .
• Shopify got some great Black Friday news and it gapped higher, .
• closing above the upper channel line on both sides of the border. .
• Okay, folks, that is all for this morning's presentation. .
• Have a great day. .
• Next time you'll hear my voice is on Wednesday morning. .