Markets opened Thursday with stock index futures above fair value ahead of key 8:30 a.m. economic data. The Nasdaq led pre-market gains, driven largely by Micron trading sharply higher, while other indices lagged. Metals pulled back slightly after strong recent gains, with continued investor interest in gold, silver, and platinum suggesting underlying risk concerns.
Volatility indicators showed no trend changes, while most major ETFs and active stocks remained in established trends. Weakness persisted in semiconductors and select tech names, highlighting classic lower-high, lower-low patterns in stocks like Uber. Tesla saw a bearish reversal but stayed on a buy signal. Canadian markets were supported by metals, with selective trend changes among banks and energy stocks.
Stephen Whiteside opens with a pre-market overview showing stock index futures and commodities trading higher while Bitcoin slips. Crude oil hit a new low before rebounding, reflecting weakening demand as the U.S. moves toward recession. Energy stocks were among the biggest losers, with notable declines across U.S. and Canadian names, while gasoline prices fell back to October lows.
He reviews market signals across major ETFs, noting sell signals in U.S. markets while Canada remains on a buy signal. A cautious move is planned with a half position in a VIX ETF. Tesla remains strong near key levels, Broadcom trends lower with downside targets discussed, and the session closes with expectations for modest buying that won’t yet reverse the broader downtrend.
Stephen Whiteside outlines a volatile market environment following Friday’s sharp selloff, led by Broadcom’s steep decline and widespread sell signals across semiconductors, QQQs, and many actively traded stocks. While S&P 500 and Dow avoided sell signals, several ETFs and big-cap tech names weakened, with moving-average breaks raising caution. Futures point higher Monday, led by Nasdaq, though some enterprise tech remains weak pre-market.
He reviews key stocks and ETFs, highlighting mixed trends across AI, innovation, and energy names, with select banks making new highs. Tesla attempts a breakout, Intel and NVIDIA return to sell signals, and ARC ETFs show divergence. He closes with commodities and crypto updates, notes his next video will be Wednesday, and emphasizes disciplined signal-based decision-making.
In today’s Friday market update, Stephen Whiteside reviews mixed pre-market conditions with stock index futures flat and commodities—especially gold and silver—moving sharply higher. He highlights ongoing weakness in technology stocks, led by Broadcom, and notes that despite some short-term volatility, weekly charts show limited change, with the S&P 500 slightly higher and the Nasdaq mostly flat. Semiconductors and the Canadian market continue to show strength, while crude oil and natural gas remain weak. NVIDIA is still on a weekly buy signal but sits near levels that could trigger a sell signal if weakness continues.
Stephen then uses Oracle’s steep multi-month decline as a template for what large-cap tech stocks might experience heading into 2026. He reviews the behavior of moving averages, the FlyPaper channel, and sell-signal setups across several Magnificent Seven stocks, noting increased vulnerability across the sector. While some names like Tesla and Shopify are holding up, others—including Alphabet, Microsoft, and Amazon—are showing bearish patterns or are close to generating sell signals. Overall, the tech sector faces renewed downward pressure heading into the weekend.
In today’s Friday morning market update, Stephen Whiteside reviews the generally bullish pre-market conditions heading into a long weekend, despite unusually light trading volume and technical issues affecting futures data. He highlights the week’s declining volume across major ETFs, notes Oracle’s early weakness, and discusses sector performance for 2025—particularly the strength in gold stocks and continued pressure in U.S. transports and consumer staples. He also explains how various indices have interacted with key moving averages, with many finding support at the 50- or 100-day levels, while Bitcoin continues to struggle below its averages.
On the weekly charts, the major U.S. indices show strong gains, with the Nasdaq 100 up over 4%, semiconductors up 7.7%, and the VIX down over 25%. The Canadian market continues to outperform, led by gold stocks, which are up nearly 10% for the week. Whiteside cautions viewers not to over-interpret the week’s bullish action due to thin holiday volume and reminds them of office closures Monday and Tuesday. He concludes by encouraging viewers to like, comment, and subscribe for more stock market timing insights.
Stephen Whiteside
Friday, November 28, 2025
00:00 — Pre-Market Overview
00:11 — Futures Outage & Early Market Moves
00:25 — S&P 500 & Nasdaq Pre-Market Strength
00:41 — Oracle Weakness in Pre-Market
00:49 — Light Volume Ahead of Long Weekend
01:13 — Nasdaq Volume Decline
01:32 — TSX-60 Volume Decline
01:49 — Profit-Taking Risk Next Week
02:07 — Black Friday Sale & Mailing Notice
02:23 — Office Closure Announcement
02:33 — 2025 Performance Overview
02:49 — Gold Sector Leading in Canada
03:15 — US Sectors Lagging: Transports & Staples
03:32 — Moving Averages as Support & Resistance
03:58 — Consumer Staples Trend Lower
04:23 — Consumer Discretionary Bounce
04:39 — 200-Day Moving Average Significance
04:58 — More Canadian Stocks Above 200-Day
05:17 — TSX-60 Strength vs. US Markets
05:32 — Indices Testing 100-Day Moving Average
05:57 — Bitcoin Below All Moving Averages
06:12 — Russell 2000 Tests 200-Day Support
06:29 — Weekly Chart Review
06:40 — Strong Weekly Gains in US Markets
07:04 — Semiconductors, VIX & TSX Weekly Moves
07:35 — Gold, Oil & Gas Weekly Performance
07:51 — Closing Remarks & Market Outlook
08:02 — Weekend Schedule
This morning’s market update highlights a quiet trading session due to U.S. Thanksgiving closures, resulting in sharply reduced volume despite an overall bullish market bias tied to holiday and month-end seasonality. The Canadian market continues to outperform the U.S., supported by strong bank stocks and resilient performance across major sectors. Key indices and sectors are reacting to support levels around major moving averages, with semiconductors, Bitcoin, and several Dow components showing mixed signals. Energy stocks remain strong despite commodity weakness, and the tech sector—led by Shopify—is recovering after recent pullbacks.
Gold and silver markets continue higher, reflecting investor concerns about global economic instability. Gold miners have generally followed this upward trend, with several names making new highs or returning to buy signals. The report also reviews signals across the banking, energy, and mining sectors, emphasizing investor willingness to buy dips and the importance of flypaper channel support. The video closes by noting continued Canadian market strength and encouraging viewers to follow theuptrend.com for more stock market timing insights.
Stephen Whiteside
Thursday, November 27, 2025
00:00 — Welcome & Market Overview
00:20 — Thanksgiving Week Bullish Bias
00:45 — Falling Volume This Week
01:20 — Black Friday Sale Announcement
01:55 — Upcoming Schedule & Site Update
02:15 — 2025 Market Performance Overview
02:45 — 200-Day Moving Average Trends
03:20 — Percentage Above 200-Day: Canada vs U.S.
03:55 — Bitcoin Breakdown & Resistance Levels
04:20 — Semiconductors at Support
04:45 — Dow 30 Stocks Below the 200-Day
05:15 — Microsoft Breakdown & Rebound Attempt
05:50 — Canadian Big Caps vs U.S. Tech Giants
06:20 — Canadian Banks Leading the Market
07:00 — Bank of Montreal & Royal Bank Signals
07:40 — National Bank Targets & Trend Strength
08:25 — National Bank: Not a Trader’s Stock
09:00 — Canadian Energy Sector Overview
09:20 — Crude Oil Seasonality & Recent Peaks
10:10 — Crude Oil Sell Signal & Energy Outlook
10:58 — Canadian Energy Stocks Pull Back
11:04 — Energy Sector Seasonality and Sell Signals
11:10 — Support Levels for Energy Sector
11:19 — Pros Still in Control of Energy Trend
11:27 — No Correlation Between Energy Stocks and Commodities
11:48 — Energy ETF Warning Signals
11:56 — Energy ETF Testing Channel Lines
12:09 — Energy ETF Upside Targets
12:26 — FlyPaper Channel Shows Strong Dip-Buying
12:47 — Energy Sector Still Bullish
12:51 — Sector Leaders Overview
12:56 — Canadian Natural Resources Update
13:06 — CNQ Risk Levels and Volatility
13:17 — Energy Stock Volatility Comparison
13:37 — BayTech Analysis and Sell Signal Level
13:54 — BayTech Upside Targets
14:12 — BayTech Open Gap Discussion
14:26 — BayTech Pros and Dip-Buying Behavior
14:52 — BayTech Volatility and Trader Profile
15:02 — Shopify Dominance in Tech Index
15:22 — Shopify vs Blackberry Comparison
15:40 — Canadian Tech ETF Monthly Outlook
15:49 — Pullback to 200-Day and Recovery
16:02 — Shopify Back on Buy Signal
16:07 — Shopify Chart Mirrors Tech ETF
16:15 — Other Canadian Tech Stocks Overview
16:25 — Constellation Software Status
16:35 — Celestica Trend Update
16:41 — CGI Group on Buy Signal
16:46 — OpenTec Waiting for Buy Signal
16:52 — Descartes Still on Sell Signal
16:57 — Kinaxis Holding Buy Signal
17:04 — Blackberry Still Weak
17:06 — Bitfarms Back on Buy Signal
17:09 — Lightspeed Continues Lower
17:21 — Transition to Mining Sector
17:25 — Gold and Silver Monthly Charts
17:37 — Concern Over Sharp Commodity Rallies
17:48 — Global Shift Away from USD and Precious Metals Buying
18:01 — Rising Precious Metals Could Signal Trouble
18:13 — Gold Stocks Moving With Metals
18:20 — Gold Stock Pullback and Recovery
18:29 — Agnico-Eagle Recent Signals
18:41 — Barrick Outperforming
18:49 — Gold Stock Group Strength
18:55 — Equinox and Franco Nevada Strength
19:03 — IAMGOLD and Kinross Rising
19:10 — B2Gold Weakness and Recovery
19:22 — Pros Regaining Control in B2Gold
19:30 — B2Gold Price Targets
19:48 — B2Gold Gap Fill Potential
20:00 — B2Gold Under and Over FlyPaper Channel
20:22 — Being Bullish Doesn’t Guarantee Success
20:29 — Comparing Agnico-Eagle and Barrick Strength
20:49 — Market Loves Barrick
20:52 — Closing Market Commentary
21:00 — Canadian Market Outpacing US
21:05 — Conservative Banks Supporting Canadian Market
21:09 — Canada May Fall Less in Next Downturn
In this morning’s market update, Stephen Whiteside reviews the pre-market action, highlighting strength in stock index futures, gold, and key tech names such as Alphabet, Meta, and Tesla, while Nvidia continues to weaken. He notes the market’s seasonal bullish bias around U.S. Thanksgiving, though low volume and limited activity are expected as many traders take time off. Economic data releases, including jobless claims and new home sales, are also expected to influence the pre-market environment.
Stephen emphasizes the ongoing disconnect between the U.S. economy and the stock market, with consumer confidence continuing to decline even as major tech stocks support index strength. He provides detailed technical analysis of the VIX, the Magnificent Seven, and Bitcoin, noting several potential or recent buy signals. He concludes with reminders about TheUptrend’s Black Friday sale and upcoming holiday schedule.
Markets are quiet in the pre-market session, with notable shifts in major tech names as NVIDIA trades lower while Alphabet rises on news it is developing competing chips. AMD is also under pressure. Economic data including retail sales, consumer confidence, and PPI are scheduled for release. With the Thanksgiving holiday ahead, today is effectively the last full trading day of the week, as U.S. markets will close Thursday and operate on a half-day Friday. Broad market indices saw gains Monday, largely driven by big-cap tech stocks, while Bitcoin remains in a downtrend and continues to act as an important indicator of risk appetite.
Across U.S. and Canadian markets, several individual stocks and sectors showed notable performance divergences. Bitfarms has held up better than other Bitcoin-related names like MicroStrategy, Coinbase, and Mara. Broadcom led the S&P 500 with an 11% gain, while Carnival was the day’s major loser. In Canada, Barrick, Kinross, and Shopify were strong performers, while TELUS continues to weaken. Overall, the tone for the week is expected to be quiet, with traders completing most of their activity before the holiday slowdown.
