Gold Hits Record Highs: What It Means for Your Portfolio

In today’s market update, Stephen Whiteside of TheUpTrend.com discusses Thursday morning’s pre-market trends and market movement from the previous day. Stock index futures are trading above fair value, gold is hitting new highs, and crude oil continues to decline. Volatility remains high, with potential for more swings following jobless claims and PPI numbers. Key observations include bond markets back on sell signals, energy sectors declining, and consumer staples holding steady in the U.S. The NASDAQ 100 held above its channel line, with strong performances from Global Foundries and Gilead.The U.S. most actives included Intel breaking January highs and Supermicro locking in profits. Tesla and Nvidia had minor pullbacks, while Apple returned to a buy signal. Alibaba and AT&T reached new highs, while Canadian stocks like Barrick and BlackBerry saw significant gains. Several energy and financial stocks are holding sell signals, with some potential buy signals for Air Canada and Shopify. With market timing being crucial, Stephen concludes with a reminder to visit TheUpTrend.com for more insights.Stephen WhitesideTheUpTrend.comThursday, February 13, 2025https://theuptrend.com/morning-market-outlook-02132025/