In this Wednesday morning market update, Stephen Whiteside from TheUpTrend.com reports a mixed premarket with stock index futures showing little movement and commodities trading slightly higher. While there are no major premarket events, traders are eyeing the 10 AM speech from the Fed Chair and the release of new home sales and crude oil inventory data. Tuesday’s big winners included semiconductor ETFs, digital payments, and the Canadian tech sector. Meanwhile, gold and energy stocks declined, with crude oil and natural gas both returning to sell signals after sharp drops.
The VIX rolled over across all major indices, signaling renewed investor confidence. Whiteside highlights seasonal strength that typically emerges at the end of June, possibly reflected in the current market action. Major index ETFs, including the TSX 60 and Dow, have returned to buy signals, with key gainers like Shopify, Rogers, Salesforce, Nvidia, and Coinbase showing strong performance. Celestica nears a breakout above $200, and Intel attempts to surpass previous highs. The video concludes with a reminder that timing and trend-following are essential tools for navigating the stock market.
Stephen Whiteside
Wednesday, June 25, 2025
