Category: Uncategorized

In Wednesday morning’s market update, Stephen Whiteside from TheUpTrend.com highlights a stronger-than-expected bounce in the markets, sparked by positive economic sentiment and news that Trump will not remove the Fed Chair. Pre-market futures are up, with supportive signals coming from declines in the VIX and a surge in commodities like crude oil and copper. The Canadian market is showing strength, particularly in the energy and financial sectors. Several key U.S. sectors including banks, biotechs, and retail ETFs have returned to buy signals, although major indices like the S&P 500 and NASDAQ 100 remain on sell signals—potentially poised to flip given the pre-market optimism.

Stephen also provides a detailed technical review of the Dow 30 stocks, highlighting buy signal thresholds and recent price action. While names like Apple, Amazon, and Microsoft remain weak, others such as JP Morgan, Coca-Cola, McDonald’s, and Walmart are gaining traction. The video ends with a reminder for short traders to cover positions if buy signals emerge, and encourages viewers to stay trend-focused. This update serves as both a market briefing and an educational tool for timing the stock market effectively.

Stephen Whiteside

Wednesday, April 23, 2025

In Tuesday morning’s premarket update, Stephen Whiteside from TheUpTrend.com highlights a global shift in investor sentiment and market behavior. While futures and commodities are trading higher, Whiteside cautions that Tuesday may simply be an inside day after Monday’s losses. He notes that the global uncertainty index has surpassed its COVID-era high, driven largely by political instability in the U.S., and that gold has reached a new all-time high while the U.S. Dollar continues to weaken. The VIX remains in its channel, and investor sentiment has turned extremely bearish, with 82% expressing a negative outlook according to Bank of America.

Whiteside emphasizes that international investors are increasingly turning away from the U.S. market, citing the rise of “de-dollarization” and the growing role of countries like Brazil in global trade. He also reviews key price targets and potential buy signals in Canadian and U.S. stocks, particularly within the energy and mining sectors. Despite short-term bounces, structural resistance levels like the Flypaper Channel and broader macroeconomic concerns could hinder any sustainable rally.

Stephen Whiteside

Tuesday, April 22, 2025

In this Monday morning update, Stephen Whiteside from TheUpTrend.com reviews the pre-market conditions, highlighting a broad decline in stock index futures led by the Nasdaq. Despite a slight pop in the VIX, it remains on a sell signal, suggesting diminishing market tension. Major economic reports are expected later in the week, while Netflix trades higher on a buy signal. Crude oil is down in pre-market, potentially offsetting recent buy signals in the energy sector. Gold continues to rise, signaling global stress, even if the VIX doesn’t reflect it locally. The U.S. dollar is down, and the Canadian dollar is up—no change in trend for either.

Stephen also examines sector and index performance, noting that Canadian markets are currently stronger than U.S. markets. Gaps left behind from recent declines remain a technical focus. While U.S. consumer discretionary is weak, staples are on a buy signal, reflecting investor caution. Gold stocks, especially Canadian ones, are performing well, and commodity prices like copper and precious metals are trending higher. Bond markets remain mixed. Stephen concludes by emphasizing the importance of market closes over opens, urging viewers to watch for professional buying signals at the end of the day.

Stephen Whiteside

Monday, April 21, 2025

This weekend’s Protect Your Portfolio update focuses on the ongoing shift in global economic power from the United States to China, driven by the consequences of the U.S. trade war and geopolitical instability. While U.S. markets experienced an “inside week” of indecision, countries like Brazil, Australia, and Canada are making new international trade deals, and foreign investment is gradually exiting the U.S. in favor of more stable regions.

Stephen highlights the growing investor distrust in U.S. leadership due to political corruption, poor economic management, and loss of global confidence. Gold reached an all-time high and bond markets saw inflows, signaling a risk-off environment. While traders can profit from short-term market moves, long-term investors may find better opportunities outside the U.S. as institutional money slowly reallocates globally.

Stephen Whiteside

Sunday, April 20, 2025

In Thursday’s market update, Stephen Whiteside of TheUpTrend.com highlights that today marks the final trading day of the week due to the Good Friday holiday. While the broader market shows mixed signals, a notable disturbance is caused by UnitedHealthcare, which is experiencing a sharp pullback. Despite this, several sectors, particularly energy and gold, are helping to support the Canadian market. Meanwhile, U.S. indices such as the S&P 500, NASDAQ, and Russell 2000 remain in pause mode with no breakout from last week’s ranges.

Stephen reviews weekly charts early, noting strength in commodities like gold, while U.S. stocks continue to exhibit indecision. He reports weakness across tech and the Magnificent Seven, semiconductors, and financials, whereas gold stocks are climbing to new highs. Specific stocks like B2Gold and Palantir show bullish activity, but many U.S. names remain on sell signals. The VIX is retreating slightly, but there’s still no clear sign of a market reversal. Stephen advises caution and partial positioning, suggesting traders wait for further confirmation before fully committing.

Stephen Whiteside

Thursday, April 17, 2025

In Wednesday’s premarket update, Stephen Whiteside from TheUpTrend.com expresses a cautious stance on the current state of the stock market. While there are buy signals appearing, overall market conditions remain unconvincing. Key economic events such as retail sales, crude oil inventories, and a speech from the Fed Chairman could inject volatility into the trading day. The NASDAQ is under pressure due to weakness in the chip sector, particularly Nvidia and AMD, both down over 6% in the premarket. Despite some strength in United Airlines and crude oil, major chip ETFs remain on sell signals.

Stephen notes that while Canadian indexes like the TSX 60 and tech stocks like Shopify and Constellation Software are showing strength, he’s hesitant about aggressive buying. Financial sectors in both the U.S. and Canada are on the verge of new buy signals, with banks like CIBC and TD already back on track. However, insurance stocks are pulling back. The VIX is technically back on a sell signal but trading higher in the premarket, adding further caution. Stephen advises easing into positions slowly rather than diving in fully, emphasizing that market conditions don’t yet warrant a full commitment.

Stephen Whiteside

Wednesday, April 16, 2025

In Tuesday morning’s market update, Stephen Whiteside from TheUpTrend.com highlights a quiet premarket environment with no significant economic news. Boeing is under pressure after China restricted its airlines from accepting deliveries, pulling the stock down despite nearing a new buy signal. Meanwhile, Ford saw a strong gain on Monday following comments from Donald Trump about potential tariff support, although there’s no follow-through in Tuesday’s premarket. The VIX is nearing a key level that could indicate a sell signal, which would be supportive of higher stock prices. Indexes like the Dow, S&P 500, and NASDAQ showed mixed signals, with many still on sell signals heading into Tuesday.

The video also reviews various sector performances, including continued weakness in small-cap stocks and mixed signals from major tech names in the “Magnificent Nine.” While Broadcom, Alphabet, Microsoft, and Nvidia remain on buy signals, others like Apple and Meta failed to follow through. Gold stocks closed higher, while real estate stocks led gains both in the U.S. and Canada. Whiteside concludes that the market lacks enthusiasm heading into Tuesday’s trading and emphasizes the importance of watching for new signals to determine market direction.

Stephen Whiteside

Tuesday, April 15, 2025

In this Monday morning market update, Stephen Whiteside notes that stock index futures are trading above fair value, with the Dow up over 300 points in the premarket. Despite this, he cautions that such a move is insignificant given the current volatility. With no major economic data expected until Wednesday and a holiday-shortened week ahead, a slight bullish bias is anticipated. He highlights Friday’s reconfirmed buy signals in stocks like Nvidia and discusses potential short-term gains in oversold stocks, while also noting that other big names like Tesla and Shopify have not yet confirmed new uptrends.

Stephen observes early strength in crude oil and weakness in gold, which may stabilize the Canadian market. He warns that current upward momentum mostly reflects short covering, not new investor buying. Most charts are showing rebounds from oversold conditions, but any move toward the 200-day moving average may reverse. He also flags concerns over continued weakness in bonds, which could push yields higher and challenge the Fed’s stance, potentially threatening stock market stability moving forward.

Stephen Whiteside

Monday, April 14, 2025

In today’s market update, Stephen Whiteside highlights the volatility in pre-market trading, driven by international tensions and upcoming U.S. PPI data. He notes a rebound in U.S. indices such as the S&P 500, NASDAQ 100, and semiconductors after hitting intra-week lows. Gold surged while crude oil and bonds faced a rough week. The Canadian dollar strengthened slightly due to a weaker U.S. dollar. A pattern of inside days across many stocks and ETFs suggests market indecision following Wednesday’s volatility.

Whiteside also reviews individual stock performances, including notable movements in gold stocks like Kinross and Newmont Mining. He flags buy signals for stocks such as Nvidia, Lucid, and Palantir, while others like Alibaba continue to struggle. The overall message is one of caution—despite some bullish signals, market uncertainty remains high. He advises waiting for confirmation of buy signals before making aggressive moves.

Stephen Whiteside

Friday, April 11, 2025

In this Thursday market update, Stephen Whiteside of theuptrend.com discusses the sharp reversal seen in the markets following President Trump’s unexpected mid-day announcement. Despite Wednesday’s strong rally—especially among semiconductors, the Magnificent 7, and select Nasdaq stocks—Whiteside advises caution, emphasizing the lack of follow-through on Thursday morning. He recommends covering short positions that triggered buy signals and waiting for further market direction before initiating new trades.

Whiteside also highlights the influence of the bond market, noting foreign bond sell-offs from China and Japan contributed to rising yields and spooked the White House. He provides technical commentary on key stocks like Nvidia, Apple, and Micron, noting buy signals and strong performance in certain sectors, while energy, metals, and Canadian equities showed less momentum. Despite notable gains, Whiteside remains conservative, advising investors to watch inflation and employment numbers and resist chasing recent rallies.

Stephen Whiteside

Thursday, April 10, 2025