• Hey, good morning everyone, and welcome to Thursday Morning. .
• It's Stephen Whiteside here from TheUpTrend.com In the pre market this .
• morning, stock index futures are trading above fair value. .
• That is, of course, before those economic numbers come out at 8:30. .
• We're expecting CPI and jobless claims to .
• come out and either of those numbers could certainly affect the direction of the .
• stock market coming into Thursday's trading. .
• Fear is still falling and that of course, is supportive for higher stock prices. .
• So let's get into the charts now. .
• The VIX continued to move lower on Wednesday, down 5.52% on the day. .
• The VIX of the VIX is still on a sell signal. .
• That's supportive for higher stock prices. .
• The US dollar index still on a sell .
• signal, closing down just a penny yesterday. .
• Then we've got the 30 year bond back on a buy signal. .
• The yield on the 30 year bond back on a sell signal. .
• The price of gold continue higher on Wednesday. .
• Back on a buy signal. .
• We are waiting for the price of silver and .
• it needs to close above $22.29 on Thursday to give us a buy signal. .
• Looking at the price of crude oil, we came down, filled the gap yesterday. .
• Now we're moving up in the pre market, up a dollar and change. .
• The price of natural gas had a wild day on .
• Wednesday, but then settled down going into the close, looking at the Dow. .
• The Dow had an inside day on Wednesday, as did the S&P 500. .
• S&P 500 trading in the open gap and still has not filled that gap just yet. .
• The Nasdaq 100 made a new closing high for this move. .
• The semiconductor is still on a buy signal. .
• No change there. .
• The Isares for the TSX 60 were up yesterday. .
• And not only was it the commodity stocks, but financials helped out as well. .
• Then looking at financials, looking at the S&P 500 financials, we're on a buy signal. .
• We're on a buy signal for US banks, for US .
• regional banks, for broker dealers, and for the insurance sector. .
• So all the US financials are back on buy signals. .
• Looking at Canadian financials, we do have .
• the financial index back on a buy signal, but we're still waiting for banks. .
• We're still looking at the Bank of Nova Scotia as the weakest. .
• And we've got the TD bank back on a buy signal. .
• Then looking at energy stocks, energy .
• stocks in Canada were down slightly yesterday. .
• We're back on a buy signal here. .
• Unlike in the US, .
• which was down over 1% and still on a sell signal. .
• No change there for US financials. .
• Copper miners pulled back slightly yesterday. .
• Gold miners on both sides of the border continued to move higher on Wednesday. .
• And then looking at those major tech .
• stocks, we had Alphabet continue to break out above the September high. .
• We've got Amazon moving up to the bottom of the open gap. .
• Then looking at Apple, Apple's also got a .
• gap to deal with and finding resistance at the 180 level. .
• Then we're looking at Meta making a new high for this move. .
• We saw Microsoft continue to move higher on Wednesday and then we've got Nvidia .
• making a new high for this move and then we've got Shopify pulling back now. .
• Shopify has got an open gap so far that's held us in check. .
• We're still on a buy signal here. .
• Looking at Shopify in New York. .
• We're looking for a close below 52 .41 on Thursday to give us a sell signal. .
• And then last up, Tesla. .
• Tesla had an inside day on Wednesday, so no change for Tesla. .
• Still on a buy signal. .
• That would change on Thursday with a close .
• below 250.37 okay folks, that is all for this morning's presentation. .
• I'm publishing this just before the economic numbers come out at 830. .
• And of course that could certainly change .
• the direction of the market before those economics numbers come out. .
• The market is fairly positive this morning. .
• Have a great day. .
• Next time you'll hear my voice is on Friday morning. .