In this Friday morning update, Stephen Whiteside from TheUpTrend.com reviews key weekly and daily market developments ahead of the weekend. The TSX reached a new all-time high, with strong gains in energy and gold stocks. In the U.S., both the S&P 500 and NASDAQ 100 also made new highs, though semiconductor stocks pulled back. Crude oil experienced an inside week, while gold saw a sharp drop in pre-market trading. The VIX hit a new low, suggesting bullish sentiment, but a close above 17.19 could trigger a sell signal. Bitcoin and Ethereum remained steady with no change in trend.
Stephen also reviews notable stock movements from Thursday’s trading. Among U.S. stocks, Tesla, Intel, and American Airlines reversed lower, while Alphabet and Warner Brothers posted new highs. In Canada, Whitecap gained nearly 6%, and Denison Mines hit a new high. Meanwhile, tech names like Teck Resources dropped sharply. Several financial stocks like Royal Bank and TC Energy slipped back to sell signals, while others, including TD Bank and Bank of Nova Scotia, held their gains. The update wraps up with a reminder of upcoming weekly chart analysis on Sunday.
Stephen Whiteside
Friday, July 25, 2025
