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In Monday’s premarket update, Stephen Whiteside of TheUpTrend.com reports that stock index futures, gold, and cryptocurrencies are trading higher, while crude oil is slightly down. No major economic data is expected Monday, but earnings throughout the week could impact market direction. The VIX remains on a sell signal, supporting bullish sentiment, with a reversal possible if it closes above 17.59. Bitcoin continues to test key resistance levels, while Ethereum pushes toward 3750. Gold and crude remain trendless, and bond yields retreated after peaking midweek.

Key ETFs and sectors showed mixed signals last week, with the Russell 2000 and financials rebounding onto buy signals. In U.S. and Canadian markets, several most-active stocks posted new highs including Nvidia, Joby Aviation, Whitecap, and Denison Mines. Tesla and Barrick remain in consolidation, while Ford and Air Canada continue on sell signals. The TSX saw notable strength in banks and energy, although names like Cenovus and Canadian Natural Resources showed weakness. The market is set for a bullish open barring any surprises, with Tuesday’s update to follow.

Stephen Whiteside

Monday, July 21, 2025

In this Friday morning update, Stephen Whiteside of TheUpTrend.com provides a pre-market overview, highlighting that stock index futures, commodities, and Bitcoin are all trading above fair value with no major economic reports expected. Bitcoin is pushing toward its next target of $125,000, while the U.S. Dollar Index and bond yields continue to trend higher. Despite declines in crude oil and gold, major indexes like the TSX, S&P 500, and NASDAQ 100 are hitting new all-time highs. The VIX remains subdued, with no significant signs of rising fear in the market, though Stephen outlines key levels that could shift sentiment if breached.

On the ETF front, the TSX 60 and S&P 500 are approaching key price targets, while the NASDAQ 100 and Russell 2000 are near their respective highs. U.S. financials and bank ETFs need to break resistance levels to confirm continued upward momentum. In sector performance, gold stocks are under pressure, but semiconductors and tech leaders in the “Magnificent Seven” continue to support the rally. Stephen wraps up by advising investors to take profits at target levels and closely monitor market signals like the VIX and key price targets as we head into the weekend.

Stephen Whiteside

Friday, July 18, 2025

In Thursday morning’s pre-market update, Stephen Whiteside from TheUpTrend.com highlights the quiet market conditions ahead of key U.S. economic reports, including retail sales, jobless claims, and the Philadelphia Fed Index. Wednesday’s trading was volatile, with the VIX and major indices like the NASDAQ and S&P 500 reversing after testing lower channel lines. While Canadian financials and tech stocks remain on buy signals, energy stocks on both sides of the border have rolled over to new sell signals. Gold stocks had an inside day, and semiconductors showed signs of potential weakness.

In the U.S., mixed signals continue with some indices holding their trend while others like the Russell 2000 and bank stocks remain on sell signals. A review of the most active stocks from both Wall Street and the TSX includes notable moves from Rigetti, Nvidia, Ford, Warner Brothers, Denison Mines, and Air Canada. Despite some early sector sell signals, the broader market has not yet broken down, though further weakness is anticipated. The video closes with a reminder of the importance of timing in the stock market and an invitation to visit TheUpTrend.com for more insights.

Stephen Whiteside

Thursday, July 17, 2025

In Wednesday’s premarket report, Stephen Whiteside from TheUpTrend.com highlights a mixed open for the U.S. markets, with the Dow bouncing on earnings and the Nasdaq slightly lower after hitting new highs. Tuesday’s trading saw semiconductors and tech stocks as standout performers, especially Nvidia, which led a rally in the sector. Outside of tech, most sectors declined, pushing the Dow back onto a sell signal, with American Express, Home Depot, and UnitedHealth leading the way down. Meanwhile, some big names like Microsoft, Amazon, and Apple managed gains, though Apple remains in the channel and could change trend soon.

In Canada, the TSX fared slightly better with a smaller decline, although consumer staples were the worst-performing group. Stocks like George Weston, Teck, and Dollarama contributed to the pullback. On the U.S. side, Supermicro and AMD led gains on the NASDAQ 100, while Biogen and Lululemon were among the biggest losers. Bitcoin dipped Tuesday but rebounded Wednesday, while Ethereum continued to climb. The VIX edged higher into the channel but has yet to signal elevated fear in the market. Stephen ends by encouraging viewers to donate blood and tune in Thursday for updates on the most actively traded stocks.

Stephen Whiteside

Wednesday, July 16, 2025

In Tuesday’s premarket update, Stephen Whiteside from TheUpTrend.com discusses how the Nasdaq is leading the U.S. markets higher, thanks largely to Nvidia’s early gains. With the CPI numbers expected at 8:30 AM, the potential for a shift in market direction looms. Thomson Reuters made a surprising 7.74% gain on Monday, far exceeding its average volatility, triggering an upward revision in its price targets. Whiteside uses this to explain how volatility can expand projected price ranges, citing $304.89 as the next major target, just beyond psychological resistance at $300.

The update also revisits price targets for Bitcoin, the VIX, and several key Magnificent Seven stocks including Apple, Amazon, Nvidia, Tesla, and Microsoft. With the summer rally potentially peaking, Whiteside notes where these stocks are stalled and where they could be heading next. Tesla, now back on a buy signal, is working within a tightening triangle pattern, with $343.75 as the next target. As always, traders are reminded that timing is everything, and upcoming CPI data could play a crucial role in shaping the week’s market trajectory.

Stephen Whiteside

Tuesday, July 15, 2025

In Monday’s premarket video, Stephen Whiteside from TheUpTrend.com reviews the early morning setup, highlighting that stock index futures are trading below fair value, while commodities and Bitcoin are trading higher. He discusses three critical levels of fear related to the VIX, and how a breakout above 20 or 22 could signal rising market anxiety. The major U.S. index ETFs — including the S&P 500, NASDAQ 100, and their equal-weighted counterparts — are mostly holding above the upper channel lines, though some, like the equal-weighted NASDAQ, are showing signs of weakness.

Stephen also covers strength in Bitcoin and related ETFs, which are making new highs, and tracks performance across notable crypto stocks such as Coinbase, Hive, and MicroStrategy. He then transitions to Friday’s most active stocks, including Nvidia, Tesla, and AMD, and provides key levels to watch for potential trend changes. He concludes with a look at the TSX most active names, like Canadian Natural Resources, Enbridge, and Suncor, emphasizing market levels that could trigger buy or sell signals. While a bit of early selling is expected Monday, no significant shifts are forecast unless key support levels are broken.

Stephen Whiteside

Monday, July 14, 2025

In Friday’s premarket update, Stephen Whiteside from TheUpTrend.com notes a cautious tone across markets, with stock index futures trading below fair value while commodities show strength. Nvidia continues its momentum, closing above the $4 trillion mark and approaching a key breakout level. Bitcoin also shows bullish action, having broken its May highs and hitting a key price target. Overall, the week has been quiet with minimal movement across major indices, currencies, and commodities, with semiconductors leading while gold and silver stocks lag.

Airline stocks surged Thursday following Delta’s strong performance, lifting the sector broadly. Most active stocks included Nvidia, American Airlines, BigBear.ai, Tesla, Lucid, SoFi, and Robinhood—with Robinhood approaching a significant resistance level. On the TSX, Canadian Natural Resources, TD Bank, Enbridge, and Ivanhoe Mines were in focus, with Ivanhoe showing upside potential towards major moving averages. Despite early weakness expected Friday morning, no major trend changes are anticipated. Stephen signs off reminding viewers about the importance of timing in markets and directs them to TheUpTrend.com for more guidance.

Stephen Whiteside

Friday, July 11, 2025

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