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In Thursday’s pre-market update, Stephen Whiteside reviewed market conditions ahead of key economic reports, including jobless claims and the Philadelphia Manufacturing Index. The VIX remains mixed, with the S\&P 500 VIX still on a sell signal, while the Nasdaq VIX is on a buy signal. U.S. markets are showing early weakness, with several indexes flirting with sell signals, including the S\&P 500, Nasdaq 100, and small to micro-caps. Commodities were mixed: crude oil ticked higher, natural gas held near lows, copper was flat, and gold pulled back slightly. Silver remains on a sell signal, while coffee and live cattle continued upward trends, pressuring consumer prices.

The update also highlighted major technology stocks within the “Magnificent Seven.” Several are already on sell signals, including Meta, Microsoft, NVIDIA, Tesla, and Broadcom, with Apple and Alphabet hovering just above key support levels. Amazon in New York is on the edge of a sell signal as well, aligning with Toronto listings already bearish. Whiteside cautions that if current momentum continues, all seven could end Thursday back on sell signals. He closed by reminding traders that market timing is critical during volatile conditions and encouraged viewers to follow trends closely.

Stephen Whiteside

Thursday, August 21, 2025

In Wednesday’s pre-market update, Stephen Whiteside from TheUpTrend.com highlighted a soft open for U.S. markets, with the Nasdaq leading the decline ahead of Fed minutes. Palantir dragged the Nasdaq lower after generating a sell signal, while the Dow and transports showed relative strength. Most S\&P sectors closed higher, but big-cap tech weighed heavily, with Infotech and communications leading losses. In Canada, it was a quiet session with Industrials leading the way thanks to TFI, while materials and mining stocks—especially Denison and gold miners—suffered sharp pullbacks.

Volatility measures showed traders growing cautious, with the Russell 2000 VIX back on a buy signal. Bitcoin remains weak, holding near key support levels, while crypto-related stocks posted mixed results. Big-cap Canadian names like CN Rail moved back onto buy signals, while U.S. tech giants like Nvidia, AMD, Microsoft, and Meta slipped back to sell signals. Meanwhile, Intel hit a fresh high, and Amazon held its buy signal. Whiteside cautioned that further weakness in big tech could weigh on the indices broadly, even if many other sectors remain resilient.

Stephen Whiteside

Wednesday, August 20, 2025

In Tuesday’s pre-market update, Stephen Whiteside from TheUpTrend.com reports a quiet open with no major economic news, though some earnings announcements are in play. The marijuana sector led gains on Monday, while UnitedHealth reached a key price target. Home Depot posted earnings and is trading lower but not enough to trigger a sell signal. The VIX indexes remain in the channel, signaling the possibility of a buy signal. In Canada, major ETFs are near upper channel lines, with energy on a sell signal, financials and gold stocks on buy signals, and technology still weak.

In the U.S., broad market ETFs remain on buy signals, though recent strength in mid-, small-, and micro-caps has stalled. Energy is weak, while financials and banks may be setting up for lower highs and potential declines. Gold stocks remain strong, and semiconductors hover near a possible sell signal. Among volume leaders, Enbridge, Manulife, and Barrick show strength, while Palantir is back on a sell signal. Notable movers include TeraWolf, Applied Digital, and IQ, all hitting resistance after strong runs. Overall, markets are treading water, with traders awaiting confirmation of trends.

Stephen Whiteside

Tuesday, August 19, 2025

In Monday’s pre-market update, Stephen Whiteside from TheUpTrend.com noted a quiet start to the week, with futures slightly lower and no major economic events until mid-week. Key catalysts ahead include Wednesday’s Fed minutes, Thursday’s jobless claims, and Friday’s speech by Chairman Powell, where investors hope for hints of a September rate cut. Stephen cautions against expecting cuts given inflation concerns. The VIX remains on a sell signal across major indices, suggesting markets are still leaning higher unless that changes.

Reviewing ETFs and stocks, Stephen highlighted mixed results: Kinross and Bosch rallied, while Enbridge and Bird Construction weakened. U.S. markets showed cautious gains with the Dow Diamonds nearing resistance. UnitedHealth surged toward a target, while Cisco slumped. In the S\&P 500 and Nasdaq 100, winners included First Solar and PDD Holdings, but applied materials and KLA reversed lower. Commodities were mixed: crude dipped, natural gas showed strength, and precious metals remained weak. Stephen advised patience, risk management, and focusing on percentage moves rather than dollar values when trading stocks.

Stephen Whiteside

Monday, August 18, 2025

In this weekend’s edition of *Protect Your Portfolio*, Stephen Whiteside from TheUpTrend.com reviews the current state of the markets with a focus on ETFs, the VIX, and broader market conditions. The VIX remains on a sell signal both daily and weekly, keeping the market in a bullish stance for now. However, Stephen warns that while stocks remain elevated, valuations are stretched, and history suggests that markets tend to rise slowly but can fall sharply, like an elevator drop.

Highlights from the week include strength in U.S. microcaps and marijuana stocks, driven by expectations of Fed rate cuts. In Canada, small caps outperformed while energy and Infotech pulled back. Bitcoin and Ethereum showed reversal patterns but still closed higher, while commodities such as oil, gold, and silver showed mixed signals. Overall, the market remains bullish heading into Monday, but investors should remain cautious as key resistance levels approach and overvaluation risks persist.

Stephen Whiteside

Sunday, August 17, 2025

In Friday’s pre-market update, Stephen Whiteside from TheUpTrend.com reported mixed U.S. index futures, with the Dow leading ahead of July retail sales data. Weekly performance showed the Dow up 1.64%, the S\&P 500 and Nasdaq following, while marijuana stocks surged nearly 32% and cloud computing slipped. Crude oil is up for the week, gold remains in its trading channel, and silver is showing relative strength despite both metals being down. Canadian banks led Thursday’s market, with National Bank showing strong momentum similar to Broadcom. The VIX remains near multi-month lows, signaling bullish conditions, though nearing its historical floor around 12.50.

Cryptocurrencies saw potential reversals, with Bitcoin hitting resistance at 125 before a bearish reversal, and Ethereum failing to reach 5,000. Several crypto-related stocks showed mixed signals, with Hut 8 Mining hitting new highs and Coinbase still on a sell signal. The Magnificent Seven stocks are all back on buy signals, including Amazon and Tesla, which is consolidating at key resistance. Broadcom remains strong, while Shopify may pull back to fill a gap. Whiteside noted that retail sales data could shift market direction, but Friday’s early trading was quiet, and he will return Sunday with a weekly chart review.

Stephen Whiteside

Friday, August 15, 2025

In Thursday’s pre-market update, Stephen Whiteside reports a quiet open as markets await key economic data, including the producer price index and jobless claims. Cannabis stocks surged on Wednesday, with the Alternative Harvest ETF up over 13%, while Bitcoin and Ethereum approach key targets of \$125,000 and \$5,000, respectively. The VIX remains on a sell signal, supporting higher stock prices, and Canadian markets hit new highs, led by consumer discretionary, telecom, and real estate sectors.

Whiteside highlights a divide within the Dow 30, with 12 stocks stuck in the “doghouse” despite record index levels, including Amgen, Salesforce, and IBM, while winners like Microsoft, NVIDIA, Goldman Sachs, and JPMorgan help buoy the market. NVIDIA nears a \$187.50 target, with \$200 in sight, as Whiteside explains his “two-line” price target strategy for options traders. He closes by noting the potential market impact of the morning’s economic releases.

Stephen Whiteside

Thursday, August 14, 2025

Tuesday’s CPI report sparked a broad rally in U.S. markets, led by the transport sector, with United and Delta pushing the S\&P 500 to a new all-time closing high. The Dow and equal-weighted S\&P 500 also returned to buy signals, while small, mid, and micro-cap stocks, as well as semiconductors, surged. Technology was mixed, with the Nasdaq 100 and Magnificent Seven ETFs hitting new highs, but Canadian Infotech remained flat, and many individual tech names underperformed.

The ARK ETFs were mostly positive, with Fintech, Innovation, Industrial, and Space ETFs all back on buy signals, while Genomics lagged. Several high-profile tech stocks, including Salesforce, PayPal, and Zoom, continued to decline, showing underlying market divergence. While major indices remain strong, Stephen cautioned that many ETFs are now near “panic zone” tops, where gains are harder to achieve, and risk-reward levels are less favorable.

Stephen Whiteside

Wednesday, August 13, 2025

In Tuesday’s pre-market update, Stephen Whiteside from TheUpTrend.com notes quiet market conditions ahead of the CPI release, which could impact Fed policy. The VIX remains on a sell signal, and bonds, including the TLT and XBB, are on buy signals—supportive for higher stock prices. While junk bonds remain flat, futures trading in bonds offers more volatility potential. The U.S. dollar shows a bullish pattern, while other major currencies, including the euro, Canadian dollar, and Japanese yen, trend lower.

In commodities, gold dropped sharply but gold mining stocks recovered most losses, showing resilience despite the \$86 drop in gold’s price. Silver mirrored gold’s movement, with silver stocks holding strong. Cannabis stocks surged on speculation of U.S. policy changes, with some ETFs up over 27%. Whiteside cautions on their extreme volatility, likening them to natural gas in agriculture. He wraps up by highlighting the importance of timing in stock trading and invites viewers to visit TheUpTrend.com for more guidance.

Stephen Whiteside

Tuesday, August 12, 2025

In Monday’s pre-market update, Stephen Whiteside from TheUpTrend.com reported a quiet start for stock index futures while Bitcoin surged \$2,000 and gold fell \$80. Key economic events for the week include U.S. inflation data, jobless claims, and retail sales. The VIX’s recent buy signal quickly reversed, benefiting the stock market, while major indices like the TSX-60 and S\&P 500 returned to buy signals, driven by standout performers such as Shopify and NVIDIA. However, equal-weighted indices lagged, and small- and micro-cap stocks remained weak. Semiconductors rebounded strongly, while commodities like crude oil, natural gas, and copper stayed under pressure. Silver turned bullish, but gold risked a sell signal by the end of the day.

On Bay Street, Shopify’s rally boosted the TSX-60 to all-time highs despite many laggards. U.S. market leaders included Soundhound, Apple, and Tesla, with mixed reactions to earnings. Notable movers included sharp drops in Trade Desk and Sun Life, new highs for Denison Mines, Barrick, and Palantir, and ongoing weakness in Intel and Lucid. Stephen closed by noting a likely quiet Monday open and reminded viewers about the importance of market timing and trend-following, directing them to TheUpTrend.com for more resources.

Stephen Whiteside

Monday, August 11, 2025