Friday Market Update: VIX, Dow, and SPY Analysis

Market Update and Insights for Friday, June 7, 2024 Good morning everyone, and welcome to Friday! Yesterday was a pause day for the overall market, as traders awaited this morning's employment numbers. Nvidia reached our next daily and weekly price target of $1250 before reversing. Both the S&P 500 and the NASDAQ 100 are currently on daily buy signals. However, I refrained from acting on these signals as they appear to be short-lived. Gold and gold stocks closed higher on Thursday, but we're seeing a significant reversal in the price of gold in the premarket this Friday morning. I recommend holding off on any buy signals in this sector from Thursday's trading action and waiting for a confirmation signal. Please enjoy today's video, and have a wonderful weekend. Best regards, Stephen Whiteside TheUpTrend.comSubject: Market Update and Insights for Friday, June 7, 2024 Good morning everyone, and welcome to Friday! Yesterday was a pause day for the overall market, as traders awaited this morning's employment numbers. Nvidia reached our next daily and weekly price target of $1250 before reversing. Both the S&P 500 and the NASDAQ 100 are currently on daily buy signals. However, I refrained from acting on these signals as they appear to be short-lived. Gold and gold stocks closed higher on Thursday, but we're seeing a significant reversal in the price of gold in the premarket this Friday morning. I recommend holding off on any buy signals in this sector from Thursday's trading action and waiting for a confirmation signal. Please enjoy today's video, and have a wonderful weekend. Best regards, Stephen Whiteside TheUpTrend.com https://theuptrend.com/morning-market-outlook-06072024/