In Wednesday’s pre-market update, Stephen Whiteside reports stock index futures and commodities trading above fair value, with gold and crude oil higher while Bitcoin trades lower. Despite elevated fear index readings across the S&P 500, Nasdaq, and Russell 2000, major indices continue forming higher highs and higher lows. The Dow reached a new all-time high, though the broader market focus remains on the S&P 500 and Nasdaq 100, which are still on sell signals. Upcoming job numbers could shift early market direction.
In sector action, Bitcoin-related stocks show mixed interest, while gold has generated a buy signal and silver may follow. Energy and financial stocks are helping lead the market, with the TSX expected to hit new highs supported by strength in Shopify, gold, and crude oil. U.S. markets show strength in the Dow and equal-weighted indices, while real estate and homebuilders were standout performers. Investors are advised to watch trend signals closely as market timing remains crucial.
Stephen Whiteside
Wednesday, February 11, 2026
