In Wednesday’s premarket update, Stephen Whiteside from TheUpTrend.com reports a positive tone for the markets, with U.S. and Japanese trade agreements giving a slight boost to stock index futures. Earnings season continues with major companies like Alphabet, Tesla, and T-Mobile in focus. Alphabet approached a key resistance level before stalling, Tesla remains in a consolidation range, and T-Mobile has triggered a new buy signal. Meanwhile, homebuilders saw a surprise rally, while the Canadian InfoTech sector lagged.
Whiteside also reviews sector performance and major index ETFs. Notable movers include Agnico Eagle, Ivanhoe, and MDA in Canadian markets, and Amgen, 3M, and Lockheed Martin in the U.S. The VIX remains in a downtrend, and bond yields pulled back—potentially supporting stock prices. Cryptocurrencies showed minor movement, and the U.S. dollar weakened. While some Ark Invest ETFs look strong, Whiteside warns investors not to jump in late. He wraps up with a reminder that timing and trend-following are key to market success.
Stephen Whiteside
Wednesday, July 23, 2025
