In Friday morning’s update, Stephen Whiteside from TheUpTrend.com reviewed the market ahead of a three-day weekend. Stock index futures were trading lower, with Dell dragging markets and inflation numbers pending. NVIDIA remained the focus, holding above key support despite options traders anticipating more volatility. Canadian banks were mixed, with CIBC hitting new highs while TD Bank reversed sharply. The VIX remained calm, but a breakout above resistance could signal a market shift.
Elsewhere, Bitcoin slipped while Ethereum stayed on a buy signal, with critical support levels in play. Marijuana ETFs once again demonstrated high volatility compared to broader markets. Several U.S. and Canadian most-active stocks were highlighted, including Tesla, Intel, TD Bank, and Canopy Growth, with key breakout and resistance levels noted. Overall, the session was expected to be quiet after inflation data, with many traders stepping aside before the long weekend.
Stephen Whiteside
Friday, August 29, 2025
