Good Morning..
It's Stephen White side here from theuptrend..
com. In the premarket this morning, stock index.
futures are down across the board, being led lower by the Nasdaq..
So we may see some additional sell signals.
on Friday if the market continues in that direction throughout the day..
We've already seen a bunch of sell signals, but not for the big cap stocks.
that the world has been following over the past few months..
Now, the Nasdaq has traded in the channel.
for the past two days, so certainly a possibility of a sell signal on Friday.
with a close below 358.97. Now, the chip sector rolled over the other.
day, so we do have the stocks index on a sell signal..
A good example is AMD, which has been on a sell signal for the last four days,.
followed by Intel, which just generated a sell signal..
While NVIDIA had an inside day on Thursday.
looking for a close on Friday below 406.36..
Next up, we're looking at Apple and we need a close on Friday below 181.85. We.
made a new high on Thursday and we're trying to get to 187.50. Unfortunately, we.
only got to 187.05, so did not hit our next price target..
Then looking at Amazon, Amazon made a new.
high yesterday off the back of some AI News..
Looking for a close below 123.81. Our next price target is.
131.25. Looking at Meta, Meta's had a quiet couple of days this week..
We're looking for a close below 271.15..
For Google, Google has been on a sell signal for a couple of weeks now looking.
for a close above 124.70 to give us a buy signal on Friday..
Looking at Microsoft, we've been trading in the channel past couple of days..
We need a close below 332.29..
Then looking at Netflix, sitting right on the edge of a new sell signal, we need a.
close on Friday below 420.56. Then looking at Shopify in New.
York, we need a close below 62.08 on Friday..
And in Toronto, we're looking for a close below 82.94. And last up, Tesla, which.
dipped into the channel yesterday before closing higher on the day,.
looking for a close below 244.45 to give us a sell signal on Friday..
Okay, folks, that is all for this morning's presentation..
Have a great day..
Next time you'll hear my voice is on Sunday..