In Tuesday’s morning market update, Stephen Whiteside from theuptrend.com highlights a quiet pre-market session ahead of the Fed meeting, with retail sales data due at 8:30. Monday’s winners included metals and mining stocks, silver miners, and Tesla, while U.S. insurance stocks struggled at key resistance levels. Bond yields hit new lows, currencies showed mixed signals, and the Canadian and Australian dollars strengthened.
Among ETFs, the TSX-60 saw gains from Cameco, OpenText, and Shopify, while Loblaws lagged. U.S. markets were steady, with Apple returning to a buy signal, Amazon testing resistance, and the S&P 500 and Nasdaq 100 both hitting new highs, led by storage and semiconductor stocks. With gold and semiconductors also strong, markets remain in a holding pattern ahead of Wednesday’s Fed decision.
Stephen Whiteside
Tuesday, September 16, 2025
