Category: Uncategorized

Stephen Whiteside reviews Thursday’s pre-market action, noting stock index futures and Bitcoin trading above fair value while gold and crude oil are lower. Energy stocks in both Toronto and New York hit upside price targets, while metals remain in holding patterns with gold, silver, and platinum still lacking confirmed breakouts. Bitcoin and Ethereum show minor pre-market strength, but no trend changes are expected. Meanwhile, the VIX remains elevated even as the Dow makes new highs, signaling continued concern among options traders.

In Canada, Shopify caused major volatility, reversing sharply after testing resistance, impacting the TSX and technology ETFs. Financials pulled back but remain above key levels. In the U.S., major indices continue struggling with significant resistance levels—S&P 500 near 7,000, Nasdaq near 617, and Dow Transports at 20,000. Several high-profile stocks including NVIDIA and Amazon remain stuck at key psychological levels. Elevated volatility persists, with traders cautious despite attempts at upward momentum.

Stephen Whiteside
Thursday, February 12, 2026

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

In Tuesday’s pre-market update, Stephen Whiteside reviews relatively quiet futures activity, with gold holding above $5,000, Bitcoin pulling back near $68,000, and mixed action across precious metals. He outlines key technical levels for gold, silver, platinum, crude oil, natural gas, and energy stocks, highlighting buy signals in GDX, B2Gold, crude oil, U.S. energy stocks, and parts of the Canadian market. He also discusses resistance levels in the Dow near 50,000, transports near 20,000, and ongoing strength in financials and select resource stocks.

Whiteside also breaks down sector leaders and most actively traded stocks in Toronto and New York, including Barrick, Suncor, Transocean, Microsoft, Nvidia, and Shopify. He reviews the VIX, notes renewed buy signals in the S&P 500 and Canadian ETFs, and emphasizes watching key breakout levels across major indices. The presentation reinforces trend-following principles and disciplined stock market timing strategies.

Stephen Whiteside
Tuesday, February 10, 2026

In Monday’s pre-market update, Stephen Whiteside notes stock index futures trading below fair value, Bitcoin falling under $70,000, and gold pushing back above $5,000. While the Dow surged to the 50,000 milestone for the first time—boosted by an 8% rally in NVIDIA and strong gains in Caterpillar, 3M, and Amgen—the S&P 500 and Nasdaq failed to generate new buy signals. Much of Friday’s sharp rally appeared to be driven by short covering rather than fresh institutional buying.

Despite bullish closes above the previous day’s highs for the S&P 500 and Nasdaq, key indexes remain below recent highs and within prior trading ranges. The VIX pulled back but remains elevated, signaling continued options market concern. Strength in transports and energy stocks has helped support the broader market, while most Magnificent Seven stocks showed limited follow-through outside of NVIDIA. Traders are watching key technical levels closely for potential breakout signals.

Stephen Whiteside
Monday, February 9, 2026

In Friday’s pre-market update, Stephen Whiteside reviews weekly charts and highlights major market moves. Bitcoin is the big story, down over 24% on the week after briefly falling near $60,000, while gold is up sharply but still struggling to hold above $5,000. Silver, crude oil, and natural gas are lower, with natural gas down nearly 20%. The S&P 500 and Nasdaq are under pressure, with the Nasdaq nearing a weekly sell signal, while the Dow and equal-weighted S&P remain relatively resilient. The VIX has surged nearly 25% but has not yet reached major resistance levels.

Sector-wise, software, small caps, microcaps, and Bitcoin-related stocks have been hit hard, while financials and bank stocks are holding up. Energy stocks continue to show strength despite weaker commodity prices. Canadian markets are experiencing an inside week, with gold stocks under pressure and technology stocks showing limited institutional interest. The overall tone suggests selective strength, growing volatility, and increasing downside risk in key growth sectors.

Stephen Whiteside

Friday, February 6, 2026

In Thursday’s pre-market update, Stephen Whiteside reports that stock index futures, commodities, and Bitcoin are trading lower, with Bitcoin breaking below the $70,000 level after failing to hold support at $75,000. Volatility increased sharply, with the VIX rising for the S&P 500, Nasdaq, and Russell indices. While most S&P 500 stocks were up, weakness in large-cap software and semiconductor stocks—including AMD, Micron, Lam Research, and AppLovin—continued to pressure major indexes. The Nasdaq 100 is testing key support near its December and November lows, raising the possibility of a retest of January lows.

Energy stocks led gains in the U.S., while copper miners and several tech names saw significant declines. In Canada, Consumer Discretionary and Consumer Staples showed strength, with select stocks moving back onto buy signals, while mining and crypto-related names struggled. Gold remains below key resistance, silver faces overhead pressure, and bear ETFs continue to rise as markets trend lower. The presentation emphasizes watching major round-number support levels and respecting prevailing trends.

Stephen Whiteside
Thursday, February 5, 2026

Stephen Whiteside reviews Wednesday’s pre-market action, noting quiet stock index futures while commodities rise, led by gold trading back above $5,000. Bitcoin and Ethereum are lower, with bear ETFs hitting upside targets. Economic data including JOLTS numbers and crude oil inventories could shift market direction. Meanwhile, the VIX continues trending higher, signaling a growing disconnect between options traders and equity markets.

In Canada, metals and energy helped the TSX recover after last week’s sharp decline, though significant resistance remains overhead. In the U.S., the S&P 500 failed at 7,000 and volatility increased, with heavy selling in software, cloud, digital payments, and cybersecurity stocks. Major movers included Nvidia, Salesforce, PayPal, and Thomson Reuters, while select banks and energy stocks showed strength. Whiteside emphasizes trend-following and disciplined stock market timing amid rising volatility.

Stephen Whiteside
Wednesday, February 4, 2026

In this Tuesday morning market update, Stephen Whiteside reviews pre-market conditions with stock index futures trading above fair value, led by the Nasdaq. Key economic data includes the upcoming JOLTS job openings report. The S&P 500 is testing the 7,000 level, with 7,031.25 as the next upside target. While transports, pharmaceuticals, semiconductors, and select cruise lines showed strength, cryptos, Robinhood, Disney, and several tech names struggled. The VIX remains on a buy signal, indicating continued caution among options traders.

In Canada, the TSX-60 and TSX Composite posted inside days, reflecting indecision, with strength in select banks and consumer names. Commodities showed mixed action, with crude oil and gold rising pre-market, while natural gas experienced a sharp decline after a potential double top. Bitcoin and Ethereum made lower lows, while bear ETFs moved higher. The presentation reinforces the importance of trend-following and disciplined stock market timing.

Stephen Whiteside
Tuesday, February 3, 2026

Global markets enter Monday with elevated volatility after a turbulent end to the month. U.S. markets stabilized overnight following sharp losses, while Bitcoin, gold, energy, and Canadian equities all experienced significant selling. The S&P 500 remains near the 7,000 level with the VIX elevated, signaling ongoing investor nervousness as markets await either a breakout or breakdown from last week’s range.

Gold and silver have shifted to sell signals after a parabolic rise, Bitcoin bounced off key support near 75,000, and energy—especially natural gas—is under heavy pressure. Canadian markets are particularly vulnerable with metals and energy both declining. In the U.S., tech stocks are leading the weakness, while most small-cap and equal-weighted ETFs have already flipped to sell signals.

Stephen Whiteside
Monday, February 2, 2026

Markets are under pressure heading into the final trading day of January, with stock index futures, commodities, and cryptocurrencies all trading lower in the pre-market. Stephen reviews weekly performance across major asset classes, noting strength in semiconductors, energy stocks, gold, silver, and copper, while small caps and some financials lag. Despite recent highs near 7,000 on the S&P 500, the market is showing early warning signs as volatility rises and options traders remain cautious.

Technical levels are becoming critical across U.S. and Canadian markets. The S&P 500 is still on a buy signal but is testing key support near its 50-day moving average. Mega-cap tech shows mixed signals, with Meta surging on news while Microsoft and Tesla weaken. Energy and metals remain leadership areas, though profit-taking could emerge as Friday selling pressure builds. Overall, traders are urged to respect trends, monitor support levels, and prepare for potential volatility into month-end.

Stephen Whiteside
Friday, January 30, 2026