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In today’s stock market update, Stephen Whiteside discusses the market’s pre-market weakness and potential recovery later in the day. Payroll numbers, crude oil inventories, and an upcoming speech from President Trump could impact market direction. The VIX remains on a buy signal, indicating ongoing market uncertainty. While the TSX 60, TSX, and key sectors like infotech, utilities, and energy performed well, telecom and healthcare lagged. Major U.S. indices, including the S&P 500 and NASDAQ, showed bullish signals by closing above the previous day’s highs.

Commodities saw minor pullbacks, with crude oil dipping slightly while gasoline continued higher. Gold stocks also experienced small declines but maintained their upward trends. Canadian and U.S. energy stocks remain on buy signals. Investors are watching closely for post-market developments that could shift sentiment. Stephen reminds viewers of the importance of stock market timing and trend analysis, directing them to TheUpTrend.com for further insights.

Stephen Whiteside

Wednesday, April 2, 2025

In Tuesday’s premarket session, stock index futures were down, led lower by the Dow. Monday marked the last day of the month and quarter, showing typical end-of-period movement, but no significant short- or long-term trend changes. The S&P 500 ended March down 5.86%, the Nasdaq down 7.72%, and the TSX down only 1.87%. While Monday saw a bullish reversal, key indices like the Nasdaq 100 and S&P 500 failed to break above previous highs. Semiconductor stocks continued to struggle, closing lower and signaling further market weakness.

Despite a positive session, the market showed concerning signs, including new lows for Amazon, Nvidia, and Boeing, while the VIX remained elevated, indicating continued bearish sentiment. Walmart, Sherwin-Williams, and Home Depot stayed on buy signals, while stocks like Moderna and Lululemon suffered steep declines. The TSX performed better, with gold stocks and insurers leading gains, though mining stocks like First Quantum and Teck lagged. The overall market remains in a volatile phase, with further downside risks in the coming days.

Stephen Whiteside

Tuesday, April 1, 2025

In today’s market update, Stephen Whiteside analyzes the Magnificent Seven stocks within the Nasdaq 100, highlighting a major shift from a bull market in 2024 to a bear market in 2025. The Nasdaq 100 has been on a weekly sell signal for five weeks, with key support levels being tested. While Apple remains on a buy signal, other major stocks like Amazon, Broadcom, Alphabet, Meta, Microsoft, Nvidia, and Shopify are all back on sell signals. Whiteside emphasizes that buy signals in 2025 don’t hold the same weight as in 2024, as the market is now making lower highs and lower lows.

He notes that major tech stocks continue to lead the market downward, with the Nasdaq 100 and Magnificent Seven ETF facing resistance at moving averages and the Flypaper Channel. Tesla, still on a buy signal, is struggling at key levels, with downside projections targeting $138.80. Whiteside underscores that the focus in 2025 should be on selling rather than buying, advising traders to consider bear ETFs for better returns. He concludes by reminding viewers that timing is crucial and encourages them to visit TheUpTrend.com for further market insights.

Stephen Whiteside

Sunday, March 30, 2025

In today’s premarket update, Stephen Whiteside from TheUpTrend.com highlights market movements ahead of key inflation data. The week has been positive overall, with the TSX leading North American markets due to rising crude oil and gold prices. The VIX remains on a sell signal despite recent gains. The auto sector continues to struggle, potentially leading to recessionary concerns. Major index ETFs show no significant trend changes, with some at risk of sell signals. Canadian energy and gold stocks remain strong, while financials and tech stocks display mixed signals. U.S. most actives like Nvidia, Tesla, and GameStop show varying trends, with some hitting sell signals. Stephen notes a potential bullish bias going into month-end, barring unexpected economic data shocks.

Stephen Whiteside

Friday, March 28, 2025

In Thursday morning’s market update, Stephen Whiteside notes a quiet pre-market session, with stock index futures slightly below fair value. Key economic reports, including U.S. GDP and initial jobless claims, are set for release at 8:30 AM and could influence market direction. Wednesday saw aggressive selling, with the Nasdaq leading the decline. While there were no major trend reversals in key indices, Nvidia and semiconductor ETFs ended the day with fresh sell signals. The VIX rose for the S&P 500, Nasdaq, and Russell 2000, but no significant trend changes occurred. In Canada, the TSX 60 and Vanguard Canada ETF pulled back slightly without shifting their overall trends.

The auto sector was in focus due to new tariffs, though the impact on stock prices was mixed. General Motors, Honda, Stellantis, and Toyota saw minor declines, while Ford remained flat. Among auto parts manufacturers, Luminar ended on a sell signal, while BorgWarner and Magna International held steady. In commodities, crude oil and gasoline prices moved higher, while natural gas had an inside day. Copper continued its rally due to preemptive stockpiling ahead of upcoming tariffs rather than economic expansion. Gold dipped slightly but was up in pre-market trading, while palladium and silver held their buy signals.

Stephen Whiteside

Thursday, March 27, 2025

In today’s market update, Stephen Whiteside from TheUpTrend.com reports a quiet pre-market session with stock index futures flat and no major economic news before the open. While the U.S. market struggles to sustain recent gains, the Canadian market has been leading but showed a weak bearish reversal signal on Tuesday. Key sectors such as consumer staples, real estate, and healthcare remain under pressure, while micro-cap stocks, particularly in mining, gold, and energy, have been performing well.

Commodities saw notable movement, with copper and gold stocks maintaining buy signals, while silver experienced fluctuations. The energy sector remains strong, with crude oil and gasoline on buy signals, but natural gas has pulled back. Market sentiment appears to have stalled after a brief bounce, with no signs of aggressive selling but also a lack of strong buying momentum.

Stephen Whiteside

Wednesday, March 26, 2025

In Tuesday’s pre-market session, stock index futures remained flat, with no major economic data influencing direction until the release of consumer confidence at 10 AM. Monday saw a short-covering rally across major indices, with the VIX moving lower and markets gapping higher. The Canadian market outperformed the U.S., led by Shopify’s gains, while TELUS was the biggest loser. Tesla surged nearly 12%, driven by short covering, reaching a key resistance level near the 200-day moving average. Meanwhile, the Nasdaq 100 struggled to break above this level, with key stocks such as MicroStrategy surging, while Starbucks and Coca-Cola declined.

Bitcoin ETFs saw renewed buying, with several names like Coinbase, Galaxy, and Hut 8 triggering buy signals. Despite Monday’s strong market rebound, Tuesday’s early trading showed little follow-through, leaving investors waiting for confirmation of continued momentum. Stephen Whiteside concludes the update by reminding traders to watch key resistance levels and trends in the coming days.

Stephen Whiteside

Tuesday, March 25, 2025

In today’s Monday Morning Market Update, Stephen Whiteside discusses the positive momentum in the premarket, with stock index futures and commodities trading higher. Despite a declining VIX, major U.S. indices like the S&P 500 and Nasdaq have yet to generate buy signals, though that could change by the close. Canadian markets outperformed last week, driven by rising commodity prices, including gold reaching a new all-time high. Notably, the iShares TSX 60 ETF remains on a buy signal, with Shopify’s strength contributing to the rally.

Key stocks and sectors are analyzed, with mixed trends across energy, financials, and tech. Enbridge and Cenovus made new highs, while Telus and BCE faced declines. In the U.S., Nvidia remains on a buy signal but lacks momentum, Tesla nears a breakout, and Bitcoin is showing renewed strength. Whiteside reminds viewers that timing the stock market is crucial and invites them to visit TheUpTrend.com for more insights.

Stephen Whiteside

Monday, March 24, 2025

In today’s premarket update, Stephen Whiteside discusses stock index futures trading slightly below fair value and reviews the market’s performance for the week and month. The S&P 500 and Nasdaq 100 remain under pressure, with both attempting but failing to hold recent gains. The Russell 2000 faces a potential monthly sell signal, while commodity stocks provide some upward momentum for the TSX. Crude oil remains range-bound, while gold continues its strong rally, up nearly 7% for the month. Meanwhile, the VIX indicates bullish sentiment among options traders, but broader market trends suggest caution as major indices struggle with key resistance levels.

Stephen highlights a shift in market behavior, explaining why “this time is different.” Investors are no longer buying the dips as they did in past bull markets, and key support levels have turned into resistance. He also notes that geopolitical tensions and travel advisories may negatively impact sectors like airlines and hospitality. Stocks such as FedEx and Nike are already showing weakness, while Tesla remains in a prolonged downtrend. Despite potential short-term rallies, the overall market remains uncertain heading into the weekend.

Stephen Whiteside

Friday, March 21, 2025