Nasdaq Hits 20,000: Is This the Top? Urgent Update

Today's video from TheUpTrend.com by Stephen Whiteside provides a detailed pre-market analysis, focusing on the Nasdaq hitting 20,000 for the first time, led by big-cap tech stocks like Apple, Alphabet, and Nvidia. Stephen notes market trends such as bearish reversals in Apple and mixed performances in other major indices, including the Dow and TSX. He discusses the impact of recent CPI and PPI data, the role of the VIX in supporting higher stock prices, and notable movements in key sectors like gold, marijuana stocks, and Canadian banks. Stephen also shares technical price targets, such as Apple's potential move to $256.25 and Tesla’s resistance near $237.50, while emphasizing the importance of taking profits at critical levels. Wrapping up, he reminds viewers of his partial liquidation strategy and encourages them to stay informed on stock market timing through tools and updates at TheUpTrend.com. Stephen Whiteside TheUpTrend.com Thursday, December 12, 2024