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Friday morning’s premarket activity showed stock index futures trading above fair value, hinting at early buying interest. However, the release of non-farm payroll numbers at 8:30 AM had the potential to change market direction. Thursday was dominated by Tesla, which saw a sharp decline, triggering a sell signal for the Magnificent 7 ETF. Despite the sell signal, premarket strength in Tesla and other Magnificent Seven stocks on Friday morning suggests traders should wait before exiting positions. Bitcoin mirrored Tesla’s behavior, dropping Thursday but rebounding Friday morning.

Weekly charts show broad market strength: the TSX hit new all-time highs, the NASDAQ 100 led with nearly a 1% gain—driven by semiconductors—and the Russell 2000 advanced 1.5%. Crude oil and gold moved higher, with bonds also gaining and yields declining, a supportive backdrop for equities. The VIX remains neutral, offering no clear signal. Several major indexes hit price targets, and among the Magnificent Nine, Microsoft, Nvidia, and Meta made new highs, while Apple and Alphabet approached new buy signals. Tesla remains weak, though Friday’s premarket buying indicates some bargain hunting.

Stephen Whiteside

Friday, June 6, 2025

In Thursday’s premarket update, Stephen Whiteside from TheUpTrend.com noted that U.S. futures were quiet ahead of jobless claims data, which could shift market momentum. The VIX remains bullish but flat, signaling uncertainty, while major indexes like the S&P 500 and Nasdaq hover near resistance levels without significant breakthroughs. Semiconductors led gains, helping the Nasdaq, but broader markets showed muted movement.

Canadian markets also saw mixed results. NovaGold was a standout with a 24% gain, while Gildan Activewear and other TSX names remained on sell signals. Energy stocks retreated following inventory data, and U.S. most actives included strong showings from Applied Digital and Nvidia. Despite some buy signals emerging, many stocks continue trading sideways. Traders are watching closely for a breakout as volatility compresses.

Stephen Whiteside

Thursday, June 5, 2025

In Wednesday morning’s update, Stephen Whiteside from TheUpTrend.com noted a quiet but positive start to the day with stock index futures, commodities, and Bitcoin all trading modestly higher. There were no major economic reports at the open, but upcoming ADP employment numbers and oil inventory data could influence market direction later. The VIX remains subdued, suggesting a lack of fear among options traders.

Major indices like the TSX 60, Dow, S&P 500, and Nasdaq ETFs are testing key resistance levels. Sectors like semiconductors, copper miners, gold, silver, and energy are seeing mixed performance, with many remaining on buy signals. Energy stocks, in particular, saw a lift as oil, gasoline, and natural gas moved higher. Among major stocks, Nvidia hit a new high while Alphabet turned bearish. The video closes with a reminder of the importance of market timing and trend-following strategies.

Stephen Whiteside

Wednesday, June 4, 2025

In today’s video, Stephen Whiteside from TheUptrend.com provides an update on market movements, including slight declines in stock index futures and mixed commodities. He discusses rising energy prices, such as crude oil and natural gas, and highlights significant shifts in stock sectors like gold, silver, and energy. He also offers insights into major stocks like Constellation Energy and Meta, which are seeing notable gains, and gives a forecast for ETFs related to the TSX and Vanguard Canada.

Whiteside explains that despite some sell signals for stocks like Synovus, Suncor, and Bitcoin ETFs, the market remains largely bullish. He reviews key factors like bond yields, the US Dollar’s performance, and cryptocurrency market trends. He concludes by emphasizing the importance of stock market timing and staying aligned with the trend for investment success. Whiteside also reminds viewers to engage with the channel by liking, commenting, and subscribing for more stock insights.

Stephen Whiteside

Tuesday, June 3, 2025

In today’s market update, Stephen Whiteside from TheUptrend.com discusses the current market conditions, including stock index futures and commodities. Global tensions, particularly regarding Russia, are affecting the stock market, while the Canadian market may perform better. He touches on key economic data, the potential impact of the Federal Reserve Chairman’s speech, and the seasonal behavior of the VIX. The major index ETFs and commodity markets are also analyzed, with an outlook on potential buy and sell signals in various stocks and commodities like gold, crude oil, and the Russell 2000.

Whiteside highlights specific price targets and signals for investors to watch closely, including a potential sell-off in the U.S. markets, while Canadian stocks like Suncor and Brookfield might see positive movement. He also examines potential market moves for individual stocks such as Nvidia, Tesla, and Apple, with attention to the latest patterns. The video concludes with a reminder for viewers to like, comment, and subscribe to stay updated with stock market trends and timing insights, emphasizing the importance of strategic decisions in navigating market fluctuations.

Stephen Whiteside

Monday, June 2, 2025

In Friday’s premarket update, Stephen Whiteside from TheUpTrend.com highlights that stock index futures and gold prices are slightly lower ahead of the final trading day of the month, a period typically showing a bullish bias. He notes that the week is shaping up to be an “inside week” for major indexes like the Dow, S&P 500, and Russell 2000, signaling market indecision. The NASDAQ is slightly more active, supported by big-cap tech stocks, while the TSX hit a new all-time high despite weakness in energy and gold sectors. Notably, the VIX remains supportive of higher stock prices in the short term.

Stephen also examines notable reversals and signals in high-volume U.S. and Canadian stocks. Nvidia showed a weak bearish reversal pattern despite making a new high. Royal Bank generated a new sell signal, diverging from other strong Canadian banks. Among U.S. actives, Tesla is showing signs of buyer fatigue, and Ford, Lucid, and Sunrun have no clear trend changes. Uranium and solar sectors moved in opposite directions midweek. He concludes with expectations for increased volatility in June and a potential rise in the VIX, which could apply downward pressure on the markets.

Stephen Whiteside

Friday, May 30, 2025

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