• Good morning, everyone, and welcome to Tuesday Morning. .
• It's Stephen Whiteside here from the .
• uptrend.com in the pre market this morning, things are fairly quiet. .
• Stock index futures are slightly below fair value, being led lower by the Nasdaq. .
• In the world of commodities, things are mixed. .
• Crude oil and natural gas are up slightly, .
• while we've got Gold down $11 in the pre market on Tuesday morning. .
• Now, we don't have any major comic numbers coming out this morning. .
• Unlike the rest of the week. .
• The VIX had an inside day on Monday, so .
• we're looking for a close above $15.19 to give us a buy signal on Tuesday. .
• That, of course, would be negative for stocks. .
• Lot of news out regarding Apple on Monday, but didn't really move the stock much. .
• They're still trying to close that open gap. .
• We are up another dollar in the pre market. .
• Last time I checked, Monday was all about Tesla. .
• Tesla, I guess, got an upgrade on old news, but there it is popping higher, and .
• that helped lead the Nasdaq higher yesterday. .
• Looking at big cap tech stocks, we've got .
• Amazon trading up sharply yesterday, up to the previous high. .
• Now, our mathematical target was 143 75. .
• We got as high as 143 62. .
• Is that significant? .
• Well, the previous high was 143 63. .
• So hopefully you had an order in just .
• below that level, and it got filled on Monday. .
• So congratulations. Looking at meta. .
• Meta was up yesterday, coming up to the 312 50 level. .
• Microsoft was up on Monday. .
• No change there. .
• Big move up for BlackBerry on Monday. .
• And this will probably scare a lot of .
• investors to just not just trade and not follow BlackBerry anymore. .
• We had a huge move down last week. .
• Now another huge move up this week. .
• Not enough to give us a buy signal on the TSX. .
• We're still looking for a close on Tuesday above $7.17. Shopify was up yesterday, so .
• still closing above the upper channel line. .
• No change there. .
• What didn't work on Monday? .
• Well, Nvidia was down. .
• It's still on a sell signal. No change there. .
• And we still have semiconductors on a sell signal. .
• Starting to break down below last week's low. .
• Now in the pre market this morning, Oracle is in the news and it made a new high for .
• this move yesterday, up challenging the previous high. .
• But in the pre market this morning, we're .
• trading off sharply, trading down here at 114 and change level. .
• So we'll have to see how the market deals with it when the market opens. .
• Looking at the rest of the major index ETFs, we've got the Dow trading higher .
• yesterday, not enough to give us a buy signal. .
• We still have the S&P 500 on a buy signal. .
• The ishares for the TSX 60. No joy. .
• They were up yesterday, not enough to give us a buy signal. .
• That would change on Tuesday with a close .
• above $30.64. Now, what really worked on monday were the .
• marijuana stocks and starting off with the ETFs, the alternative Harvest ETF was up .
• over 17%, while the Horizon's Marijuana Life ETF was up over 8% on the day. .
• Now, looking at the stockhouse bullboards, you can see the two most popular stocks .
• that traders there follow is Tilray and Canopy Growth, and they ended up being two .
• of the most actively traded stocks on Monday. .
• Tilray in New York is up testing last week's high. .
• Our next mathematical target is 352. .
• If you want higher targets, you can go take a look at the weekly charts. .
• If we look at Canopy Growth, which I .
• believe was the most actively traded stock on the TSX on Monday, was up over 81% on .
• the day, and you certainly don't see that very often. .
• Our next two targets were 156 and 195 and then 234. .
• We hit 234 yesterday and pulled back slightly. .
• If we can take that out, then 273 is our next target on Tuesday. .
• And then CureaLeaf Holdings was up nicely .
• yesterday, up over 13%, heading towards 742. .
• That's our next target. We got as high as 732 on Monday. .
• Let's finish off this morning's .
• presentation taking a look at the world of commodities. .
• Starting with the energy sector. .
• Both crude oil and natural gas had a small .
• pullback on Monday, unlike the stocks, which were hit a lot harder. .
• Looking at the XEG in Toronto, you can see .
• we traded it down to the lower channel line yesterday, so a close below .
• yesterday's low on Tuesday would give us a sell signal. .
• A little more room to go for the XLE in New York. .
• We're closing at the upper channel line now on the TSX, the most actively traded .
• energy stock on Monday was Canadian Natural Resources, trading down to the .
• lower channel line and closing just below it. .
• So we're back on a sell signal for Canadian Natural Resources, unlike Suncor, .
• which traded down to the lower channel line yesterday, so a close below .
• yesterday's low would give us a sell signal on Tuesday. .
• In New York, ConocoPhillips traded down to .
• the lower channel line, so looking for a close below 119. .
• 60. And diamondback also traded down to the .
• lower channel line, looking for close on Tuesday below 151. .
• 80. .
• Then looking at gold and silver. .
• Starting with the price of gold, we were up 4.50 yesterday. .
• We're down $9 - $10 in the pre market this morning, so no joy. .
• There certainly no joy for the price of silver. .
• And then we don't have any buy signals for the major gold and silver ETFs. .
• Whether you're looking at the GDX gold miners ETF we traded up into the channel .
• yesterday, a close above 29.04 would give us a buy signal on Tuesday. .
• Looking in Toronto for the XGD, we're looking for a close above $17.11, and then .
• looking at the silver miners closing at the lower channel line. .
• So not expecting a potential buy signal on Tuesday, we would need a close above 25. .
• 98. Not expecting that to happen. .
• Now, the most actively traded gold stock .
• on the TSX was B2Gold closing right at the upper channel line. .
• So any higher close on Tuesday would give us a buy signal. .
• Kinross was the next most actively traded stock on the TSX inside day yesterday. .
• No change in trend. Of course. .
• In New York, the biggest gold miner in the US is Newmont. .
• It traded up into the channel, so looking for a close above 39 30. .
• Now B two gold and Kinross are also the most actively traded stocks in the US. .
• Followed by Barrick in New York. .
• We need a close above $16.15 to give us a buy signal on Tuesday. .
• Not expecting that to happen. .
• Okay, folks, that is all for Tuesday morning. .
• Stock index futures are still slightly below fair value, so so far it does not .
• look like we're going to see a lot of buying at the open on Tuesday morning. .
• Have a great day. .
• Next time you'll hear my voice is on Wednesday morning. .