In this Friday morning market update, Stephen Whiteside from theuptrend.com reviews weekly charts to provide a broader perspective beyond daily fluctuations. Bitcoin is up but not yet on a buy signal, the U.S. dollar index may be forming a double bottom, and gold remains in an uptrend despite a small pullback. Bonds and crude oil continue to consolidate, supporting overall market strength. Major U.S. indices, including the Dow, S&P 500, Nasdaq, and TSX, all hit new all-time highs this week with no signs of weakness.
Looking closer at daily action, Stephen highlights the impact of triple witching day, Intel’s 22% surge, and Thomson Reuters’ decline. While many Dow stocks are still on sell signals, big-cap tech leaders within the Magnificent Seven are driving indices higher. Stocks like Alphabet and Meta are making new highs, while Apple, Amazon, Microsoft, and Tesla face resistance levels. Shopify continues to climb toward breakout targets. Stephen concludes by reminding viewers of the importance of market timing and invites them to subscribe for further weekly insights.
Stephen Whiteside
Friday, September 19, 2025
