Key Movements in US & Canadian Markets Amid Inside Day Action

In today's video, Stephen Whiteside from TheUpTrend.com provides an in-depth analysis of the US and Canadian markets, focusing on the recent inside day action. He discusses the elevated VIX and its implications for market volatility, as well as the performance of key indices like the S&P 500, Nasdaq 100, and Russell 2000. The video also covers the recent movements in bonds, including a drop in bond prices and a rise in high-yield bonds, which have contributed to market gains. Additionally, Stephen highlights the performance of commodities, noting an inside day for copper, a bullish close for gold, and a new buy signal for natural gas futures.The analysis extends to the Canadian market, where the TSX and TSX 60 had varied performances. Key sectors, including financials, energy, and infotech, are examined, with particular attention given to the bearish trends in Manulife and the positive momentum in the telecom sector. Stephen concludes by offering insights into potential trading signals and market trends to watch as the week progresses, preparing viewers for the upcoming trading sessions. https://theuptrend.com/morning-market-outlook-08092024/