Morning Market Outlook 04232024

Good morning investors and welcome to Tuesday morning. In the U.S. market, we experienced a 'risk off' rally with relatively low trading volume on Monday. It will be interesting to see if this trend extends to other markets throughout the day. Turning our attention to Canada, the major story was a significant drop in gold prices, which fell over $60 on Monday. Currently, both gold and silver are issuing daily sell signals, with both continuing to trade lower in the premarket this morning. Meanwhile, the VIX continues to show a daily buy signal, suggesting a continued short-term bearish outlook for the market. Thank you for staying updated with us. We'll keep monitoring these trends and more at TheUpTrend.com. Stephen Whiteside TheUpTrend.com Tuesday, April 23, 2024 https://theuptrend.com/morning-market-outlook-04232024/