In today’s market update, Stephen Whiteside from theuptrend.com highlights a quiet pre-market session with no major economic releases. Investors are watching consumer sentiment numbers and the Baker Hughes rig count, which has been declining sharply, reflecting layoffs and contraction in the energy sector. Weekly charts show strength across sectors, with semiconductors and gold stocks leading gains. Canadian markets are up modestly, while financials continue to climb, and volatility remains subdued with the VIX showing no signs of concern.
On the U.S. side, the Dow, S&P 500, and Nasdaq all posted strong sessions, with standout performances from 3M, Warner Brothers Discovery, and Synopsys. Tesla, Nvidia, and Bitfarms advanced, while Netflix and Boeing slipped back onto sell signals. Commodities showed mixed trends: crude oil is range-bound, natural gas under pressure, gold steady, and coffee trending higher. Bitcoin returned to a buy signal, while Ethereum held steady. Overall, market sentiment heading into Friday’s open looks stable with no major warning signs.
Stephen Whiteside
Friday, September 12, 2025
