Morning Market Outlook 04152024
Apr 15, 2024 12:45 pm
Monday, April 15, 2024
I hope you had a refreshing weekend and are ready to dive into this new week. Today's focus will largely be on examining the trends depicted in our weekly charts.
The VIX has continued its upward trajectory, marking its second consecutive week on a buy signal. Consequently, major sectors and subsectors on both sides of the border have moved lower. Despite initial concerns, the situation in the Middle East appears to have turned out less dire than anticipated, sparking a modest relief rally in today's early trading.
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Stephen Whiteside
TheUpTrend.com
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