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Good morning, everyone, and welcome to Thursday. In the premarket, stock index futures are trading higher across the board, led by strong gains in the Nasdaq—thanks in large part to Nvidia’s earnings. Earlier in the overnight session, the Dow was up over 500 points, although it has pulled back slightly. The Nasdaq remains firm. Meanwhile, gold and crude oil are trading slightly higher.

At 8:30 AM, we’re expecting jobless claims and GDP numbers, which could influence the market’s direction. However, for now, Nvidia is the dominant force holding the market up.

Tariffs are also in the news this morning. A court has ruled against the Trump-era tariffs—something that’s being celebrated differently depending on the country. (Even the penguins were reportedly partying overnight!)

Stephen Whiteside

Thursday, May 29, 2025

In Wednesday morning’s premarket update, Stephen Whiteside of TheUpTrend.com notes a quiet start to the trading day with flat index futures and rising commodity prices. Market participants are awaiting the release of the Fed meeting minutes at 2 PM ET, which could influence afternoon trading. Tuesday was a strong recovery day, with the Magnificent Seven ETF leading gains and Nvidia earnings expected after the close. The Nasdaq returned to a sell signal, while the TSX 60 slightly outpaced the broader TSX. Bank of Nova Scotia and TMX Group were among the top performers in Canada, while Bank of Montreal was trading higher in the premarket ahead of earnings.

Whiteside also highlights that despite gains in major indices like the Nasdaq and S&P 500, mid-, small-, and micro-cap stocks remain range-bound. In bonds, Tuesday saw money flow back into TLT, XBB, and junk bond ETFs, potentially supporting higher stock prices if the trend continues. However, he cautions against trading bond ETFs due to their low volatility, suggesting futures as a better vehicle for bond exposure. He ends with a reminder that today’s market hinges on Nvidia’s post-market earnings and invites viewers to visit TheUpTrend.com to learn more about stock market timing.

Stephen Whiteside

Wednesday, May 28, 2025

In Tuesday morning’s update, Stephen Whiteside discusses a strong pre-market rally in U.S. stock index futures, driven by President Trump’s decision to delay 50% tariffs on Europe. Meanwhile, commodities and Bitcoin are lower. Canadian markets traded lightly on Monday due to the U.S. holiday, but sectors like infotech, consumer discretionary, and real estate showed strength. Several TSX stocks are highlighted, including Ivanhoe’s sharp decline, new highs for White Cap, and potential buy signals for Canadian Natural Resources and Brookfield.

Stephen also covers key U.S. stocks, noting that Nvidia is testing resistance, Tesla remains on a buy signal, and stocks like Apple, Intel, and Ford continue to decline. A spike in uranium stocks and a speculative move in GameStop are also discussed. The VIX is lower but not enough to confirm bullish momentum yet. Stephen emphasizes the importance of watching how markets close today, not just how they open, especially with the 10am Consumer Confidence report looming.

Stephen Whiteside

Tuesday, May 27, 2025

In this weekend’s edition of Protect Your Portfolio, Stephen Whiteside recaps week 21 in the markets, noting the continued decline in bond prices and the spike in bond yields, which is putting pressure on the housing sector. The U.S. dollar reversed after a multi-week rally, lifting other currencies like the Canadian dollar. He highlights the failure of recent U.S. buy signals to gain momentum and reports that several key indices, including the Dow, NASDAQ, and S&P 500, have returned to daily sell signals. Notably, the VIX for all major U.S. indexes is on a buy signal, signaling increased market volatility.

In Canada, while some sectors hit new highs, many have started to reverse or stall. Shopify, the tech sector, and the World Index ETF all ended the week on daily sell signals. Gold and gold stocks were strong, with the metal up over 6%. U.S. financials and energy stocks were particularly weak, while semiconductors remain range-bound below key resistance. With U.S. markets closed on Monday and thin trading expected in Canada, Stephen will next update subscribers on Tuesday morning.

Stephen Whiteside

Sunday, May 25, 2025

In Thursday morning’s market update, Stephen Whiteside highlights a weaker tone in the premarket as stock index futures and bonds both trend lower. Key economic reports, including jobless claims, could sway market direction throughout the day. TD Bank reported earnings with mild upside, while the bond market continues to slide, pressuring equities. The TLT dropped further in premarket trading, and the U.S. dollar index reversed to a sell signal. Major indices like the Dow broke out of their normal range, triggering caution signals. Commodity stocks—silver, gold, and copper miners—were among the few winners, while transport, regional banks, and tech were the biggest laggards.

The VIX spiked, putting volatility back on the radar. Bitcoin surged, trading near 112,500, while gold retreated slightly after a strong move. Among major stocks, Apple and Shopify issued new sell signals, while Alphabet and Broadcom showed strength. Tesla continues to struggle at resistance, adding to market caution. The Canadian information technology sector was the biggest local loser, down over 2%. Stephen closes the presentation with a reminder to monitor market reactions to economic data and bond yields.

Stephen Whiteside

Thursday, May 22, 2025

In Wednesday’s premarket update, Stephen Whiteside from TheUpTrend.com notes that while stock index futures are down, the move remains within a normal range, and there are no significant economic reports to sway the market early in the session. He reminds viewers of the importance of donating blood, particularly for men with cardiovascular history, and even offers discounts to donors. Market commentary includes Target’s underperformance compared to peers like Costco and Dollar Tree, as well as a steady VIX indicating no major fear among traders.

The update covers a variety of market sectors: commodities like copper remain mixed, with copper miners on a buy signal, while gold and silver have both bounced back with strong premarket performance. Energy remains bullish with crude and gasoline on buy signals. Stephen also reviews Canadian and U.S. energy stocks, noting potential sell signal levels. Among major ETFs and indices, Agnico-Eagle was a big winner in Canada, while Shopify and Ivanhoe Mines underperformed. In the U.S., UnitedHealth, Moderna, and Regeneron led gains, while American Express, Fair Isaac, and Airbnb lagged. The overall tone suggests watching for potential weakness, but nothing alarming unless selling accelerates.

Stephen Whiteside

Wednesday, May 21, 2025

In this Tuesday morning market update, Stephen Whiteside from TheUpTrend.com provides a comprehensive overview of the current market conditions. With no major economic news scheduled, futures and commodities were mixed in the pre-market. The VIX indicators for the S&P 500, NASDAQ, and Russell 2000 remain on sell signals, suggesting continued support for higher stock prices. Despite early warning chevrons signaling potential market bottoms, no confirmed bullish signals have emerged yet.

Stephen reviews key benchmarks including the TSX, Dow, S&P 500, and NASDAQ 100, highlighting each index’s average true range and explaining what levels of volatility would raise investor interest. He also examines the most active U.S. stocks such as Nvidia, UnitedHealthcare, Tesla, and Amazon, discussing potential breakout and breakdown levels, early warning signals, and key price targets. Overall, the tone is cautious but constructive, with attention to critical price points and volatility signals for short-term trading decisions.

Stephen Whiteside

Tuesday, May 20, 2025

Stephen Whiteside from TheUpTrend.com provides a comprehensive Friday morning market update ahead of a long weekend in Canada. Despite lighter trading volumes, major indices are showing gains with the S&P 500 up 4.54% and the NASDAQ up over 6% for the week. While some Dow 30 stocks, such as Boeing, Disney, and Goldman Sachs, are showing strong performance, nearly half of the Dow 30 stocks are struggling to break through resistance, including Apple, Amgen, and Verizon. Stephen advises caution, recommending half positions as the market remains overbought.

The energy sector is experiencing a pullback, with key stocks like Enbridge, White Cap, and Canadian Natural Resources facing sell signals. Meanwhile, Nvidia, Tesla, and Lucid are highlighted as some of the most active stocks, with notable moves in both directions. Stephen concludes by reminding viewers of the importance of stock market timing and invites them to visit TheUpTrend.com for further insights.

Stephen Whiteside

Friday, May 16, 2025

TheUpTrend.com provides a comprehensive overview of market activity, focusing on key stock movements and economic events. He highlights Boeing’s major order, Walmart’s potential buy signal, and Footlocker’s acquisition. Additionally, Whiteside reviews market pullbacks in major indices, the performance of Magnificent Seven stocks, and upcoming economic data releases that could influence Thursday’s trading.

Stephen Whiteside

Thursday, May 15, 2025

Today’s Morning Market Outlook from Stephen Whiteside of TheUpTrend.com provides a comprehensive overview of the stock market, focusing on the Dow 30 and the Magnificent Nine stocks. Whiteside discusses the market’s reaction to the latest earnings reports, crude oil inventory data, and the performance of key stocks such as UnitedHealthcare, Amazon, Broadcom, Meta, Microsoft, Nvidia, Shopify, Tesla, Celestica, and Palantir. He highlights notable price targets, daily and weekly sell signals, and the potential for further gains or losses based on technical analysis.

The report also underscores the importance of market timing, noting significant moves in the NASDAQ 100, particularly among big-cap tech stocks. Despite positive momentum in many sectors, several Dow 30 stocks remain on daily sell signals, reflecting a mixed market environment. Whiteside concludes with a reminder to visit TheUpTrend.com for more insights on how to effectively time the stock market.

Stephen Whiteside

Wednesday, May 14, 2025