Market Alert: Sharp Declines in Futures, Major Moves in Tech & Commodities - TheUpTrend.com Update

In today’s update from TheUpTrend.com, Stephen Whiteside highlighted the sharp decline in stock index futures, indicating a favorable day for those holding Bear ETFs. Despite upcoming employment numbers, significant drops in certain stocks are negatively impacting major indices. Whiteside mentioned the Canadian markets will be closed on Monday and plans a site update by Tuesday morning. He noted the changes in market conditions, with crude oil, natural gas, gold, and silver trading signals remaining mixed. The semiconductor sector, particularly Advanced Micro Devices, saw substantial losses, while Meta experienced a bearish reversal day. https://theuptrend.com/morning-market-outlook-08022024/