In Monday’s pre-market update, Stephen Whiteside from TheUpTrend.com reviews the sharp market reversal from Friday. Traders had positioned for weakness ahead of the Fed chair’s speech, with tech stocks, semiconductors, and Bitcoin under pressure, while the U.S. dollar gained. However, Friday brought a dramatic shift: the U.S. dollar fell, gold and Bitcoin surged, the VIX rolled over, and equities jumped, pushing the Dow and TSX to new all-time highs. Transport, banking, energy, and small-cap stocks led the rally, though Stephen cautions against rushing into trades at the start of the week.
The report also highlights key movers, including Canadian Natural Resources, Barrick, Royal Bank, and Suncor in Canada, plus Opendoor, NIO, NVIDIA, Intel, Tesla, and Walmart in the U.S. While several stocks flashed new buy signals, Stephen notes the importance of waiting for confirmation rather than chasing Friday’s enthusiasm. He remains short-term bullish as long as the VIX stays below 16.43, emphasizing patience and disciplined timing as the market digests recent volatility.
Stephen Whiteside
Monday, August 25, 2025
