The Monday morning stock market update from Stephen Whiteside of theuptrend.com covers mixed pre-market conditions with tech stocks leading gains while gold drops sharply. Whiteside highlights the absence of major early data but notes key events later in the week, including the Fed announcement and several major earnings reports. He discusses gold’s ongoing sell signal, crude oil’s resistance near $62.50, and how the VIX remains elevated despite the market’s bullish tone driven by big-cap tech stocks.
The report reviews strong performances in Canadian tech—particularly Shopify—plus renewed buy signals for broker-dealers like Goldman Sachs and Robinhood. Whiteside also breaks down movements in the TSX’s most active stocks, including Cenovus, Royal Bank, and Barrick, as well as U.S. most actives such as Beyond Meat, Ford, and NVIDIA. He concludes by forecasting early buying pressure in North American markets but cautions that gold’s decline could weigh on Canadian equities.
Stephen Whiteside
Monday, October 27, 2025
