We provide a Thursday morning premarket update amid declines in stock index futures, with both the and down by about 200 points. Anticipated employment and inflation data may influence market direction. Weakness across big-cap tech, including the “Magnificent Seven,” suggests potential sell signals, while Trump Media continues its downward trend.
On Bay Street, financials show mixed signals with several banks on sell signals, while the energy sector remains under pressure with and on sell signals. sees potential for further gains, targeting 2812.50, while Shopify (TSX:) remains under a sell signal. In currency markets, the and other major currencies face downward pressure due to a surging U.S. Dollar.
This content was originally posted on the Stock Market Timing YouTube Channel
