Pre-Market Update: Bitcoin Climbs, Gold Drops, Key Stocks in Focus

In today's pre-market update, Stephen Whiteside from TheUpTrend.com highlights key market movements ahead of jobless claims and PPI numbers. Stock index futures are up, with a notable drop in gold prices and a continued rise in Bitcoin, while the VIX remains on a sell signal. Bitcoin-related stocks saw major reversals, and Whiteside advises taking profits as stocks like Bitfarms, Galaxy, and Hive experienced pullbacks. Shifting focus to technology and commodity stocks, the update also covers downward trends in copper, gold, and silver. Energy stocks show modest gains, while the SPY remains below the critical 600 level. Whiteside also analyzes popular tech ETFs, including ARK's Genomics and Fintech ETFs, which reached recent highs before slight pullbacks. Whiteside concludes with targets for major tech stocks like Apple, Tesla, and Nvidia, all crucial for investors monitoring the NASDAQ's movement. Stephen Whiteside TheUpTrend.com Thursday, November 14, 2024 https://theuptrend.com/morning-market-outlook-11142024/