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Everyone is Steven Whiteside hear from the uptrend, with today's
Everyone is Steven Whiteside hear from the uptrend, with today's look at us stock market trends
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Now, just the two items this morning, the most recent
Now, just the two items this morning, the most recent being a warning from Target, which is putting someone down with pressure on this stock market
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I was sitting Target trade down at the low that
I was sitting Target trade down at the low that we saw a couple couple of weeks ago, which is the 52-week low
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So, as you can see, we came into a Tuesdays
So, as you can see, we came into a Tuesdays trading action already on a cell signal, so no change in trend for Target at the next item, and this one happened last night
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The Australian, Central Bank raised interest rates at without warning,
The Australian, Central Bank raised interest rates at without warning, and that took the market by surprise, and that has contributed to most of the losses were seeing in the pre-market on Tuesday morning
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So we're still on a cell signal here, which is
So we're still on a cell signal here, which is supportive for higher stock prices
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Yesterday was an inside day or day of indecision, things
Yesterday was an inside day or day of indecision, things would completely change to the stock market on Tuesday with a close above 2842
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Of course, if that doesn't happen that ever chat lines
Of course, if that doesn't happen that ever chat lines going to continue to move lower Daily
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Now, what's new with the major indices? Well, we've got
Now, what's new with the major indices? Well, we've got the new early warning signals up there for all the four, major indices that we follow starting off with the spider eats
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After the S&P 500 at weeping that trading along the
After the S&P 500 at weeping that trading along the effort in line for the past couple of days
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So I know major uptrend here, I we are in
So I know major uptrend here, I we are in a Buy Signal but not going anywhere
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I will have been held in check by the March
I will have been held in check by the March low, so that's so what's that thing as resistance at the moment? Our there's a new early one
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We are technically on a by signal, but we have
We are technically on a by signal, but we have no able to go anywhere so far
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We hit that Target last week, almost got up to
We hit that Target last week, almost got up to it yesterday with a high of three 12:35, but unfortunately, we have not been able to break through resistance
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There are we need to close on the Tuesday, blow
There are we need to close on the Tuesday, blow 18090 to give us a cell signal
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We have been able to trade above the 18750 level,
We have been able to trade above the 18750 level, but we have not been able to break away from it
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So far Now micro-cap, Stocks new, early-warning signal bearish reversal
So far Now micro-cap, Stocks new, early-warning signal bearish reversal day
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Yesterday, we have been able to trade above the upper
Yesterday, we have been able to trade above the upper channel line, but that hasn't helped us too much
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We were trying to get to 11875 and so far,
We were trying to get to 11875 and so far, we have not been able to do that 180
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It's actually connected to the February and January lows for
It's actually connected to the February and January lows for the micro-cap sector
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Let's take a look at the sector spider ETFs and
Let's take a look at the sector spider ETFs and that we can walk through these fairly quickly
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We do have some sectors that are vulnerable to sell
We do have some sectors that are vulnerable to sell signals on Tuesday and not overly concerned about consumer
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We need to close blow 7311, then looking at retail
We need to close blow 7311, then looking at retail or anything closing at the Opera Channel, on, we're not overly concerned about it
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Retail is vulnerable and that we may see if we
Retail is vulnerable and that we may see if we save close blow 6389, and that would give us a new daily sell signal and not consume the best home
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We need to close blow 4315, certainly not concerned about
We need to close blow 4315, certainly not concerned about the energy sector or the hardware makers, or the Drillers Drillers, making a new hire
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Yesterday, I think we're looking at financial's closing at the
Yesterday, I think we're looking at financial's closing at the upper Channel 9
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We've got Banks closing above the upper channel line and
We've got Banks closing above the upper channel line and insurance companies closing above the upper Channel 9
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I'm like, healthcare Health, Care's just on the edge of
I'm like, healthcare Health, Care's just on the edge of a new daily sell signal
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Also, concerned about biotech biotech still, a very dead sector
Also, concerned about biotech biotech still, a very dead sector looking for clothes, blow 6740
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I'm not concerned about pharmaceuticals or Industrials or materials, or
I'm not concerned about pharmaceuticals or Industrials or materials, or metals and Mining stocks
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I will certainly not concerned about technology closing at the
I will certainly not concerned about technology closing at the upper channel line or semiconductors
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Of course, I watch the semiconductor sector closely and it
Of course, I watch the semiconductor sector closely and it said I had trouble getting out above 18750, so that may indicate that we might be topping for technology
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Then we're looking at the communication Services closing at the
Then we're looking at the communication Services closing at the effort, Channel 9
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And the transports not concerned there and certainly not concerned
And the transports not concerned there and certainly not concerned about utilities generating a cell signal on Tuesday
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Starting with the small-cap energy stocks making a new high
Starting with the small-cap energy stocks making a new high yesterday inside
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They for crude oil inside day for gasoline and there's
They for crude oil inside day for gasoline and there's natural gas, making a new closing high on Monday, moving over to the gold miners
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Certainly vulnerable to a cell signal on Tuesday with a
Certainly vulnerable to a cell signal on Tuesday with a close below 3192
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We are back on a cell signal as of Monday's,
We are back on a cell signal as of Monday's, close for anything exciting to happen
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Don't want to buy signal here closing in the channel,
Don't want to buy signal here closing in the channel, which means it's vulnerable to a cell signal and she They were the clothes below $3048
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The price of silver is also vulnerable on Tuesday with
The price of silver is also vulnerable on Tuesday with a close below $2010
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Okay, folks that is all for this morning's presentation, a
Okay, folks that is all for this morning's presentation, a stock index, Futures are still trading below, fair value with the NASDAQ leading, the market lower down
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And at that time, we'll take a look at some
And at that time, we'll take a look at some of the most actively traded US stocks
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00:00:04Good morning . 2