[{"id":"650c387d82b7d","items":[{"start_time":0,"end_time":2.88,"text":"Good morning, everyone, and\nwelcome to Thursday morning. ","speaker_tag":0}]},{"id":"650c387d82b81","items":[{"start_time":2.91,"end_time":6.06,"text":"It's Stephen Whiteside\nhere from theuptrend.com. ","speaker_tag":0}]},{"id":"650c387d82b83","items":[{"start_time":6.09,"end_time":8.58,"text":"Well, the futures are trading lower this ","speaker_tag":0}]},{"id":"650c387d82b84","items":[{"start_time":8.61,"end_time":11.38,"text":"morning and markets are\ndown around the world. ","speaker_tag":0}]},{"id":"650c387d82b85","items":[{"start_time":11.41,"end_time":16.22,"text":"We are expecting some selling at\nthe open on Thursday morning. ","speaker_tag":0}]},{"id":"650c387d82b86","items":[{"start_time":16.24,"end_time":18.72,"text":"Now, the VIX popped yesterday.\nIt had a wild day. ","speaker_tag":0}]},{"id":"650c387d82b87","items":[{"start_time":18.72,"end_time":20.44,"text":"It traded down to the lower channel line ","speaker_tag":0}]},{"id":"650c387d82b88","items":[{"start_time":20.47,"end_time":24.92,"text":"and then closed above the previous\nday's high, giving us a buy signal. ","speaker_tag":0}]},{"id":"650c387d82b89","items":[{"start_time":24.95,"end_time":28.38,"text":"That, of course, is not good for\nthe stock market going forward. ","speaker_tag":0}]},{"id":"650c387d82b8a","items":[{"start_time":28.4,"end_time":32.54,"text":"Now, gold popped yesterday, but\nunfortunately, while it was up over $13 ","speaker_tag":0}]},{"id":"650c387d82b8b","items":[{"start_time":32.57,"end_time":36.84,"text":"yesterday, it's down over\n$24 in the premarket. ","speaker_tag":0}]},{"id":"650c387d82b8c","items":[{"start_time":36.87,"end_time":38.78,"text":"And that's also true for silver. ","speaker_tag":0}]},{"id":"650c387d82b8d","items":[{"start_time":38.81,"end_time":40.72,"text":"Now, gold came into yesterday on a buy ","speaker_tag":0}]},{"id":"650c387d82b8e","items":[{"start_time":40.75,"end_time":44.74,"text":"signal, unlike silver, which\nended the day on a buy signal. ","speaker_tag":0}]},{"id":"650c387d82b8f","items":[{"start_time":44.76,"end_time":46.2,"text":"And of course, if you're going to trade ","speaker_tag":0}]},{"id":"650c387d82b90","items":[{"start_time":46.23,"end_time":50.52,"text":"silver, you're going to ignore that buy\nsignal and wait for the next close above ","speaker_tag":0}]},{"id":"650c387d82b91","items":[{"start_time":50.55,"end_time":55.66,"text":"the upper channel line based on what we're\nseeing in the premarket this morning. ","speaker_tag":0}]},{"id":"650c387d82b92","items":[{"start_time":55.68,"end_time":59.28,"text":"Now, sticking with commodities, we\nsaw crude oil pull back yesterday. ","speaker_tag":0}]},{"id":"650c387d82b93","items":[{"start_time":59.31,"end_time":62.62,"text":"It is down again in the\npremarket this morning. ","speaker_tag":0}]},{"id":"650c387d82b97","items":[{"start_time":62.65,"end_time":64.72,"text":"So looking at the USO, we need a close ","speaker_tag":0}]},{"id":"650c387d82b98","items":[{"start_time":64.75,"end_time":68.26,"text":"below 79.08 on Thursday\nto give us a sell signal. ","speaker_tag":0}]},{"id":"650c387d82b99","items":[{"start_time":68.29,"end_time":72.62,"text":"That would join gasoline, which\nended Wednesday on a sell signal. ","speaker_tag":0}]},{"id":"650c387d82b9a","items":[{"start_time":72.65,"end_time":75.96,"text":"And we've got natural gas sitting\nright on the lower channel line. ","speaker_tag":0}]},{"id":"650c387d82b9b","items":[{"start_time":75.99,"end_time":80.7,"text":"So any lower close today would generate\na sell signal for natural gas. ","speaker_tag":0}]},{"id":"650c387d82b9c","items":[{"start_time":80.72,"end_time":82.76,"text":"Looking at the major stock market indices, ","speaker_tag":0}]},{"id":"650c387d82b9d","items":[{"start_time":82.79,"end_time":88.62,"text":"we've got the S&P 500 and the Nasdaq 100\nboth making new lows for this move, ","speaker_tag":0}]},{"id":"650c387d82b9e","items":[{"start_time":88.65,"end_time":92.04,"text":"joining the semiconductors, which\nalso made a new low for this move. ","speaker_tag":0}]},{"id":"650c387d82b9f","items":[{"start_time":92.07,"end_time":94.02,"text":"And as we mentioned earlier, ","speaker_tag":0}]},{"id":"650c387d82ba0","items":[{"start_time":94.05,"end_time":97.93,"text":"the semiconductors have broken\ndown below the August lows. ","speaker_tag":0}]},{"id":"650c387d82ba1","items":[{"start_time":97.96,"end_time":100,"text":"Looking at the iShares for the TSX60, ","speaker_tag":0}]},{"id":"650c387d82ba2","items":[{"start_time":100.03,"end_time":103.16,"text":"we're back on a cell signal\nas of Wednesday's close. ","speaker_tag":0}]},{"id":"650c387d82ba3","items":[{"start_time":103.19,"end_time":105.98,"text":"So that was a quick up and down move. ","speaker_tag":0}]},{"id":"650c387d82ba4","items":[{"start_time":106.01,"end_time":108.08,"text":"And then looking at what's really been ","speaker_tag":0}]},{"id":"650c387d82ba5","items":[{"start_time":108.08,"end_time":110.34,"text":"working lately, and that's\nthe insurance sector. ","speaker_tag":0}]},{"id":"650c387d82ba6","items":[{"start_time":110.37,"end_time":113.14,"text":"And that is true on both\nsides of the border. ","speaker_tag":0}]},{"id":"650c387d82ba7","items":[{"start_time":113.16,"end_time":114.76,"text":"Whether you're looking at the Great West ","speaker_tag":0}]},{"id":"650c387d82ba8","items":[{"start_time":114.79,"end_time":118.85,"text":"Life or Manulife or Sun Life,\nthey're all still doing very well. ","speaker_tag":0}]},{"id":"650c387d82ba9","items":[{"start_time":118.88,"end_time":122.21,"text":"And then looking at AIG on New York. ","speaker_tag":0}]},{"id":"650c387d82bad","items":[{"start_time":122.24,"end_time":125.04,"text":"Then we've got Chubb, then MetLife, all ","speaker_tag":0}]},{"id":"650c387d82bae","items":[{"start_time":125.05,"end_time":127.85,"text":"examples of insurance companies\ndoing well at the moment. ","speaker_tag":0}]},{"id":"650c387d82baf","items":[{"start_time":127.88,"end_time":132.14,"text":"So this is certainly not the time and\nplace to be buying insurance stocks. ","speaker_tag":0}]},{"id":"650c387d82bb0","items":[{"start_time":132.16,"end_time":133.98,"text":"If you've been trading them higher, of ","speaker_tag":0}]},{"id":"650c387d82bb1","items":[{"start_time":134,"end_time":137.48,"text":"course, you want to make sure you've\nlocked in some profits because it looks ","speaker_tag":0}]},{"id":"650c387d82bb2","items":[{"start_time":137.51,"end_time":141.82,"text":"like we're probably coming to the end\nof this move for the insurance sector. ","speaker_tag":0}]},{"id":"650c387d82bb3","items":[{"start_time":141.84,"end_time":143.04,"text":"What didn't work yesterday? ","speaker_tag":0}]},{"id":"650c387d82bb4","items":[{"start_time":143.07,"end_time":145.88,"text":"Well, on the TSX-60, the\nbig loser was Shopify. ","speaker_tag":0}]},{"id":"650c387d82bb5","items":[{"start_time":145.91,"end_time":147.94,"text":"On the TSX, it was Newvy. ","speaker_tag":0}]},{"id":"650c387d82bb6","items":[{"start_time":147.97,"end_time":152.17,"text":"On the Dow 30 and the\nNasdaq-100, it was Intel. ","speaker_tag":0}]},{"id":"650c387d82bb7","items":[{"start_time":152.2,"end_time":154.8,"text":"Then on the Nasdaq-100 right behind Intel, ","speaker_tag":0}]},{"id":"650c387d82bb8","items":[{"start_time":154.83,"end_time":159.38,"text":"we had Google back on a sell\nsignal as of Thursday's close. ","speaker_tag":0}]},{"id":"650c387d82bb9","items":[{"start_time":159.41,"end_time":163.82,"text":"The big loser on the S&P\n500 was Zebra Technologies. ","speaker_tag":0}]},{"id":"650c387d82bba","items":[{"start_time":163.84,"end_time":166.96,"text":"Let's finish off this morning's\npresentation, taking a look at some of ","speaker_tag":0}]},{"id":"650c387d82bbb","items":[{"start_time":166.99,"end_time":169.3,"text":"those big cap tech stocks\nwe've been following. ","speaker_tag":0}]},{"id":"650c387d82bbc","items":[{"start_time":169.33,"end_time":171.56,"text":"Apple had a big reversal day on Wednesday. ","speaker_tag":0}]},{"id":"650c387d82bbd","items":[{"start_time":171.59,"end_time":176.14,"text":"It is trading lower in the premarket this\nmorning, so no change in trend there. ","speaker_tag":0}]},{"id":"650c387d82bbe","items":[{"start_time":176.17,"end_time":177.94,"text":"No change in trend for Microsoft. ","speaker_tag":0}]},{"id":"650c387d82bbf","items":[{"start_time":177.97,"end_time":180.3,"text":"The big down day on Wednesday. ","speaker_tag":0}]},{"id":"650c387d82bc0","items":[{"start_time":180.33,"end_time":182.8,"text":"Then looking at NVIDIA, new closing low ","speaker_tag":0}]},{"id":"650c387d82bc1","items":[{"start_time":182.83,"end_time":188.1,"text":"for this move for nVidIA, we're not too\nfar away from retesting the August low. ","speaker_tag":0}]},{"id":"650c387d82bce","items":[{"start_time":188.13,"end_time":190.52,"text":"Then we've got to Meta\nstill on a buy signal. ","speaker_tag":0}]},{"id":"650c387d82bcf","items":[{"start_time":190.55,"end_time":192.76,"text":"That would change on Thursday with a close ","speaker_tag":0}]},{"id":"650c387d82bd0","items":[{"start_time":192.79,"end_time":197.28,"text":"below 298.68. And then last\nup, we're looking at Tesla. ","speaker_tag":0}]},{"id":"650c387d82bd1","items":[{"start_time":197.28,"end_time":198.64,"text":"Tesla is still on a buy signal. ","speaker_tag":0}]},{"id":"650c387d82bd2","items":[{"start_time":198.67,"end_time":201.44,"text":"That would change on Thursday\nwith a close below 260. ","speaker_tag":0}]},{"id":"650c387d82bd3","items":[{"start_time":201.47,"end_time":206.7,"text":"44, and we are trading below that\nlevel in the premarket this morning. ","speaker_tag":0}]},{"id":"650c387d82bd9","items":[{"start_time":206.72,"end_time":209.44,"text":"Okay, folks, that is all for\nthis morning's presentation. ","speaker_tag":0}]},{"id":"650c387d82bda","items":[{"start_time":209.44,"end_time":211.32,"text":"So far, the market looks like it wants to ","speaker_tag":0}]},{"id":"650c387d82bdd","items":[{"start_time":211.35,"end_time":216.56,"text":"do some selling at the open on Thursday\nmorning, but we do have some economic ","speaker_tag":0}]},{"id":"650c387d82bde","items":[{"start_time":216.59,"end_time":220.78,"text":"numbers coming out at 8:30, including\njobless claims, which could ","speaker_tag":0}]},{"id":"650c387d82bdf","items":[{"start_time":220.8,"end_time":224.2,"text":"certainly change the direction of\nthe market before it opens at 9:30. ","speaker_tag":0}]},{"id":"650c387d82be0","items":[{"start_time":224.23,"end_time":226.5,"text":"Now have a great Thursday, folks. ","speaker_tag":0}]},{"id":"650c387d82be1","items":[{"start_time":226.52,"end_time":228.84,"text":"Next time you're going to hear\nmy voice is on Friday morning. ","speaker_tag":0}]}]