Morning Market Outlook 07032024

Good morning, everyone. Stephen Whiteside from TheUpTrend.com provides a market update for Wednesday, July 3, 2024. Pre-market activity is quiet, with jobless claims data due at 8:30 am potentially influencing market direction. U.S. markets will close early today and remain closed Thursday for the July 4 holiday, while Canadian markets will be thinly traded. Key updates include Bitcoin's significant pre-market drop, the VIX holding steady, and mixed signals from major indexes. The S&P 500 and Nasdaq 100 hit new highs, while the Dow remained flat. In commodities, crude oil shows a bearish reversal, natural gas continues to decline, and gold might end the day on a buy signal. Stephen also reviewed several stocks, including Tesla's breakout, Apple's upward momentum, and Amazon hitting a target price of $200. Financial stocks led activity in the Canadian market. Stephen will not post updates on Thursday but will resume with charts tonight and a weekend update on Saturday. Stephen Whiteside TheUpTrend.com Wednesday, July 3, 2024 https://theuptrend.com/morning-market-outlook-07032024/