Morning Market Outlook 04242024

Good morning, everyone, As of yesterday, the VIX has declined further, closing the day with a sell signal, indicating potential support for rising stock prices. Both the Dow and TSX 60 concluded Tuesday with new daily buy signals, suggesting a continued rally, albeit on lower volume, which appears to be a risk-off movement. Highlighting the news this morning, Tesla and Boeing are significantly influencing stock index futures. In commodities, both crude oil and gold are trading lower in the pre-market, which could potentially restrain the Canadian market today. On a positive note, Canadian telecommunications stocks are beginning to gain momentum. That's all for now. Best regards, Stephen Whiteside TheUpTrend.com Wednesday, April 24, 2024 https://theuptrend.com/morning-market-outlook-04242024/