In Tuesday morning’s market update, Stephen Whiteside from TheUpTrend.com reports a quiet premarket environment with mixed futures and slightly lower commodities. Despite a lack of major economic news, gold and crude oil are edging lower. The standout performers on Monday were silver and gold miners, which both generated buy signals following volatility sparked by Donald Trump’s tariff comments. Semiconductors and copper miners lagged behind, with copper prices declining sharply. BCE was a notable TSX 60 winner, while Sun Life underperformed. On the U.S. side, Boeing led the Dow while Goldman Sachs lagged. Tesla experienced a sharp drop, affecting both the S&P 500 and NASDAQ 100.
Additional highlights include a buy signal for Palantir, continued weakness in ARM Holdings, and mixed signals from volatility indices (VIX), with implications for market direction. Among the most active stocks were Nvidia, Lucid, SoFi, and Ford, which is struggling to break above key resistance. On the TSX Most Actives list, notable mentions include new highs for TD Bank and Royal Bank, while stocks like TC Energy and Manulife showed no upward momentum. The update concludes with a reminder that market sentiment could shift quickly if Trump continues to push tariff narratives.
Stephen Whiteside
Tuesday, July 8, 2025
