In today’s market update, Stephen Whiteside reviews early Wednesday trading conditions, noting weakness in the Nasdaq largely driven by AMD, which is currently below the lower channel line and may produce a sell signal. Major cruise line stocks, already on sell signals, saw substantial losses, while the Nasdaq 100 moved significantly lower Tuesday, expanding its average true range. Major U.S. indexes like the S&P 500 and Nasdaq 100 are now back on light sell signals, joined by more pronounced sell signals in the Russell 2000 and small-cap sectors. The VIX and its ETFs have reversed onto buy signals, and crypto ETFs continued to show weakness with Bitcoin briefly dipping under the $100,000 mark.
Energy and mining sectors show a mixed picture, with crude oil softening while natural gas pushes toward a higher price target. Copper and gold miners remain under pressure, while heavy trading in both Canadian and U.S. markets results in multiple sell signals, including for stocks like Shopify, Intel, and Open Door. A few exceptions like Apple and Hertz are holding buy signals. The video wraps with a reminder about the importance of timing in the stock market and a call to action to visit theuptrend.com for more guidance.
Stephen Whiteside
Wednesday, November 5, 2025
