Category: Uncategorized

In Thursday morning’s market update, Stephen Whiteside of TheUpTrend.com highlights a quiet pre-market session ahead of the U.S. jobless claims report. Wednesday marked a significant day with Nvidia briefly surpassing a $4 trillion valuation before pulling back, hitting a key resistance level at $162.50. Microsoft also closed above the $500 mark, with a potential move to $515.63 ahead. In Canada, the TSX continues to climb, with key targets at 37.50 and 40.63. Natural gas saw a steep decline, hitting new lows, boosting bear ETFs while dragging down bull ETFs. Volatility indices dropped across the board, signaling continued bullish sentiment in equities.

The update also covers sector winners and losers: Wheaton and Endeavor Silver led gains in the TSX, while OpenText and Ero Copper declined. In the U.S., Boeing led gains on the Dow, while United Healthcare slipped. The S&P 500 gained 0.6%, with DR Horton as the standout winner and Fair Isaac among the laggards. MicroStrategy topped the NASDAQ 100, driven by its Bitcoin exposure, while Monster Beverage extended losses. Traders are now eyeing the impact of the upcoming jobless claims data to guide Thursday’s session.

Stephen Whiteside

Thursday, July 10, 2025

In this Wednesday morning market update, Stephen Whiteside from TheUpTrend.com discusses early pre-market activity, with stock index futures slightly above fair value and commodities trading lower. Key economic events for the day include crude oil inventory numbers at 10:30 a.m. and the release of Fed meeting minutes at 2:00 p.m., both of which may influence market direction. The VIX remains subdued, and energy stocks continued their positive momentum, while gold and silver stocks saw sharp reversals despite recent buy signals.

Stephen reviews the performance of the Magnificent Seven plus two tech giants, noting mixed signals across stocks like Apple, Amazon, Meta, and Nvidia. Highlights include profit targets reached for Microsoft and Meta in Toronto, while Shopify and Tesla maintain upward momentum. In commodities, copper surged after a Trump tariff announcement, but gold reversed sharply. Crude oil and gasoline moved back to buy signals, while natural gas continues to lag. Energy stocks are showing strength, with several individual names generating buy signals.

Stephen Whiteside

Wednesday, July 9, 2025

In Tuesday morning’s market update, Stephen Whiteside from TheUpTrend.com reports a quiet premarket environment with mixed futures and slightly lower commodities. Despite a lack of major economic news, gold and crude oil are edging lower. The standout performers on Monday were silver and gold miners, which both generated buy signals following volatility sparked by Donald Trump’s tariff comments. Semiconductors and copper miners lagged behind, with copper prices declining sharply. BCE was a notable TSX 60 winner, while Sun Life underperformed. On the U.S. side, Boeing led the Dow while Goldman Sachs lagged. Tesla experienced a sharp drop, affecting both the S&P 500 and NASDAQ 100.

Additional highlights include a buy signal for Palantir, continued weakness in ARM Holdings, and mixed signals from volatility indices (VIX), with implications for market direction. Among the most active stocks were Nvidia, Lucid, SoFi, and Ford, which is struggling to break above key resistance. On the TSX Most Actives list, notable mentions include new highs for TD Bank and Royal Bank, while stocks like TC Energy and Manulife showed no upward momentum. The update concludes with a reminder that market sentiment could shift quickly if Trump continues to push tariff narratives.

Stephen Whiteside

Tuesday, July 8, 2025

 

In this Monday morning update, Stephen Whiteside from TheUpTrend.com reports that U.S. stock index futures are down in the premarket, gold is trading lower, and crude oil is slightly higher. With a quiet week ahead for economic data, the focus shifts to technical levels and recent chart patterns. U.S. markets are coming off record highs in major indices, while Canadian traders should be cautious on U.S. holidays, as shown by Shopify’s low volume on Friday. Tesla is already on a sell signal, trading below $300 and at risk of a further breakdown depending on how the current range resolves.

The VIX indicators remain on sell signals, suggesting continued bullish sentiment. Energy and financial sectors in both the U.S. and Canada are strong, while gold stocks have generated new buy signals, though caution is advised until further confirmation. Small-cap and micro-cap strength signals a “risk-on” environment, and overall market tone remains bullish as July historically favors upward momentum. The update concludes with a reminder to stay focused on market trends and signals, encouraging traders to wait for confirmation before making moves.

Stephen Whiteside

Monday, July 7, 2025

In today’s premarket video, Stephen Whiteside of TheUpTrend.com reviews Wednesday’s trading activity ahead of a quiet Thursday session, as U.S. markets close early for the July 4th holiday. He cautions against making decisions in thinly traded markets and explains how Black Swan events can be detected through moves outside the average true range. While market volatility remains subdued, the VIX indicators show mild bullishness, suggesting limited risk appetite among options traders.

Stephen analyzes key North American indices and ETFs, noting new highs in TSX 60, SPY, and major stocks like Apple, Magna, and Micro. He also highlights sharp moves in Bombardier and Albemarle, as well as reversals in Waste Connections and BlackBerry. The video wraps with insights on TSX and Wall Street’s most active stocks, and a reminder to enjoy the long weekend, with a full update scheduled for Saturday.

Stephen Whiteside

Thursday, July 3, 2025

In this Monday morning update, Stephen Whiteside from TheUpTrend.com outlines expectations for a quiet, holiday-shortened trading week due to Canada Day and U.S. Independence Day. He discusses mixed premarket futures, with stock index futures above fair value and commodities showing divergent trends. Stephen anticipates a seasonally positive week, supported by the VIX remaining on a sell signal, which is bullish for equities. He also shares his modified update schedule, noting that charts will still be published midweek, with limited video commentary.

He provides critical price levels to monitor for the TSX 60, SPY, and NASDAQ 100, helping traders manage risk while taking time off. Key stocks such as TC Energy, Manulife, and TD Bank show strength, while others like Palantir and some energy names continue to struggle. The video also highlights technical targets for popular stocks including Ford, Tesla, and Nvidia. Stephen ends the update by encouraging viewers to enjoy the holiday and keep an eye on key support levels without staying glued to the screen.

Stephen Whiteside

Monday, June 30, 2025

In this weekend’s “Protect Your Portfolio” update, Stephen Whiteside from TheUpTrend.com outlines expectations for a holiday-shortened trading week, shaped by bullish seasonal forces such as month-end, quarter-end, and national holidays in Canada and the U.S. He notes that although a June spike in the VIX was anticipated, market volatility remained muted, with equities hitting new all-time highs. Seasonal trends suggest July could be strong, but Stephen warns that 100% seasonal win rates often mask drawdowns and volatility during trades.

Stephen reviews key U.S. and Canadian market indices, highlighting bullish price targets for the S&P 500, NASDAQ, and TSX, while noting weakness in sectors like energy and gold. He analyzes VIX behavior on daily and weekly charts, confirms continued strength in semiconductors and financials, and discusses commodity performance—particularly crude oil’s sharp decline and gold’s recent pullback. He closes with a reminder of ongoing geopolitical risks and the weakening U.S. dollar, setting the tone for cautious optimism heading into July.

Stephen Whiteside

Sunday, June 29, 2025

In this Friday morning market update, Stephen Whiteside reviews the week’s key movements across currencies, commodities, bonds, and equities. The U.S. Dollar is hitting new lows, while the euro and Canadian dollar are gaining. Bond yields are down, and gold has seen a sharp drop, but not enough to trigger a weekly sell signal. Crude oil experienced a dramatic reversal, falling $8.60 for the week, contributing to noticeable price relief at the gas pump.

Equities had a strong week, with the Nasdaq hitting a new all-time high, led by a 6.33% surge in semiconductors. Most of the Ark Invest ETFs are performing well, except for Genomics. Stephen also highlights the performance of the Magnificent Nine stocks, noting new highs for Microsoft, Meta, Nvidia, and Broadcom, while Tesla continues to slide. With inflation data ahead and a holiday approaching, the market remains in a seasonally strong period. Barring any surprises, bullish momentum is expected to continue.

Stephen Whiteside

Friday, June 27, 2025

In Thursday morning’s premarket update, Stephen Whiteside from TheUpTrend.com outlines a broadly positive tone for the markets ahead of major economic numbers expected at 8:30 AM. Nvidia has broken to new all-time highs and Celestica continues to surge, while Tesla saw a minor pullback that hasn’t triggered a sell signal yet. The VIX remains on a sell signal across the S&P 500, Nasdaq, and Russell 2000—supportive for continued market strength. The Dow and S&P 500 are near breakout levels, and the Nasdaq 100 has pushed above resistance, suggesting more upside potential across the board.

Whiteside also reviews Canadian markets and commodity sectors. TSX 60 and Vanguard Canada ETFs are pushing higher, while copper remains strong despite weakness in gold and silver-related assets. Crude oil and gasoline saw sharp pullbacks—welcomed news ahead of the holidays—while natural gas and energy stocks remain under pressure. The update closes with an optimistic note: the market wants to push higher, but much depends on the upcoming economic data. As always, market timing and trend analysis remain critical in navigating this environment.

Stephen Whiteside

Thursday, June 26, 2025

In this Wednesday morning market update, Stephen Whiteside from TheUpTrend.com reports a mixed premarket with stock index futures showing little movement and commodities trading slightly higher. While there are no major premarket events, traders are eyeing the 10 AM speech from the Fed Chair and the release of new home sales and crude oil inventory data. Tuesday’s big winners included semiconductor ETFs, digital payments, and the Canadian tech sector. Meanwhile, gold and energy stocks declined, with crude oil and natural gas both returning to sell signals after sharp drops.

The VIX rolled over across all major indices, signaling renewed investor confidence. Whiteside highlights seasonal strength that typically emerges at the end of June, possibly reflected in the current market action. Major index ETFs, including the TSX 60 and Dow, have returned to buy signals, with key gainers like Shopify, Rogers, Salesforce, Nvidia, and Coinbase showing strong performance. Celestica nears a breakout above $200, and Intel attempts to surpass previous highs. The video concludes with a reminder that timing and trend-following are essential tools for navigating the stock market.

Stephen Whiteside

Wednesday, June 25, 2025