In Thursday morning’s market update, Stephen Whiteside reports mixed signals from stock index futures, commodities, and key equities. Gold is trading lower, crude oil is slightly higher, and Bitcoin is holding above $118,750. Pre-market movement in stocks like Alphabet, Tesla, T-Mobile, and IBM is highlighted, with Alphabet nearing a price target, T-Mobile showing potential bullish patterns, and IBM continuing its sell-off. Tesla is at risk of generating a new sell signal, while Coinbase is teetering on the edge of one.
Stephen also discusses ongoing weakness in the VIX, noting that recent long trades haven’t performed well in the current bull market environment. He covers the mixed performance of crypto-related stocks and ETFs, emphasizing readiness to act when reversal opportunities arise. The U.S. Dollar index remains on a sell signal, bond yields are rising, and metals show divergent trends—with copper hitting new highs, gold pulling back, and silver pushing higher. He concludes with a look ahead to Friday’s weekly chart review and a reminder of the importance of market timing.
Stephen Whiteside
Thursday, July 24, 2025
