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In today’s premarket update, Stephen Whiteside from TheUpTrend.com highlights market movements ahead of key inflation data. The week has been positive overall, with the TSX leading North American markets due to rising crude oil and gold prices. The VIX remains on a sell signal despite recent gains. The auto sector continues to struggle, potentially leading to recessionary concerns. Major index ETFs show no significant trend changes, with some at risk of sell signals. Canadian energy and gold stocks remain strong, while financials and tech stocks display mixed signals. U.S. most actives like Nvidia, Tesla, and GameStop show varying trends, with some hitting sell signals. Stephen notes a potential bullish bias going into month-end, barring unexpected economic data shocks.

Stephen Whiteside

Friday, March 28, 2025

In Thursday morning’s market update, Stephen Whiteside notes a quiet pre-market session, with stock index futures slightly below fair value. Key economic reports, including U.S. GDP and initial jobless claims, are set for release at 8:30 AM and could influence market direction. Wednesday saw aggressive selling, with the Nasdaq leading the decline. While there were no major trend reversals in key indices, Nvidia and semiconductor ETFs ended the day with fresh sell signals. The VIX rose for the S&P 500, Nasdaq, and Russell 2000, but no significant trend changes occurred. In Canada, the TSX 60 and Vanguard Canada ETF pulled back slightly without shifting their overall trends.

The auto sector was in focus due to new tariffs, though the impact on stock prices was mixed. General Motors, Honda, Stellantis, and Toyota saw minor declines, while Ford remained flat. Among auto parts manufacturers, Luminar ended on a sell signal, while BorgWarner and Magna International held steady. In commodities, crude oil and gasoline prices moved higher, while natural gas had an inside day. Copper continued its rally due to preemptive stockpiling ahead of upcoming tariffs rather than economic expansion. Gold dipped slightly but was up in pre-market trading, while palladium and silver held their buy signals.

Stephen Whiteside

Thursday, March 27, 2025

In today’s market update, Stephen Whiteside from TheUpTrend.com reports a quiet pre-market session with stock index futures flat and no major economic news before the open. While the U.S. market struggles to sustain recent gains, the Canadian market has been leading but showed a weak bearish reversal signal on Tuesday. Key sectors such as consumer staples, real estate, and healthcare remain under pressure, while micro-cap stocks, particularly in mining, gold, and energy, have been performing well.

Commodities saw notable movement, with copper and gold stocks maintaining buy signals, while silver experienced fluctuations. The energy sector remains strong, with crude oil and gasoline on buy signals, but natural gas has pulled back. Market sentiment appears to have stalled after a brief bounce, with no signs of aggressive selling but also a lack of strong buying momentum.

Stephen Whiteside

Wednesday, March 26, 2025

In Tuesday’s pre-market session, stock index futures remained flat, with no major economic data influencing direction until the release of consumer confidence at 10 AM. Monday saw a short-covering rally across major indices, with the VIX moving lower and markets gapping higher. The Canadian market outperformed the U.S., led by Shopify’s gains, while TELUS was the biggest loser. Tesla surged nearly 12%, driven by short covering, reaching a key resistance level near the 200-day moving average. Meanwhile, the Nasdaq 100 struggled to break above this level, with key stocks such as MicroStrategy surging, while Starbucks and Coca-Cola declined.

Bitcoin ETFs saw renewed buying, with several names like Coinbase, Galaxy, and Hut 8 triggering buy signals. Despite Monday’s strong market rebound, Tuesday’s early trading showed little follow-through, leaving investors waiting for confirmation of continued momentum. Stephen Whiteside concludes the update by reminding traders to watch key resistance levels and trends in the coming days.

Stephen Whiteside

Tuesday, March 25, 2025

In today’s Monday Morning Market Update, Stephen Whiteside discusses the positive momentum in the premarket, with stock index futures and commodities trading higher. Despite a declining VIX, major U.S. indices like the S&P 500 and Nasdaq have yet to generate buy signals, though that could change by the close. Canadian markets outperformed last week, driven by rising commodity prices, including gold reaching a new all-time high. Notably, the iShares TSX 60 ETF remains on a buy signal, with Shopify’s strength contributing to the rally.

Key stocks and sectors are analyzed, with mixed trends across energy, financials, and tech. Enbridge and Cenovus made new highs, while Telus and BCE faced declines. In the U.S., Nvidia remains on a buy signal but lacks momentum, Tesla nears a breakout, and Bitcoin is showing renewed strength. Whiteside reminds viewers that timing the stock market is crucial and invites them to visit TheUpTrend.com for more insights.

Stephen Whiteside

Monday, March 24, 2025

In today’s premarket update, Stephen Whiteside discusses stock index futures trading slightly below fair value and reviews the market’s performance for the week and month. The S&P 500 and Nasdaq 100 remain under pressure, with both attempting but failing to hold recent gains. The Russell 2000 faces a potential monthly sell signal, while commodity stocks provide some upward momentum for the TSX. Crude oil remains range-bound, while gold continues its strong rally, up nearly 7% for the month. Meanwhile, the VIX indicates bullish sentiment among options traders, but broader market trends suggest caution as major indices struggle with key resistance levels.

Stephen highlights a shift in market behavior, explaining why “this time is different.” Investors are no longer buying the dips as they did in past bull markets, and key support levels have turned into resistance. He also notes that geopolitical tensions and travel advisories may negatively impact sectors like airlines and hospitality. Stocks such as FedEx and Nike are already showing weakness, while Tesla remains in a prolonged downtrend. Despite potential short-term rallies, the overall market remains uncertain heading into the weekend.

Stephen Whiteside

Friday, March 21, 2025

In today’s stock market update, Stephen Whiteside discusses the market’s reaction to key economic events, including jobless claims, the Philadelphia Manufacturing Index, and existing home sales. The previous day saw gains in major indices, with the TSX 60 ETF re-entering a buy signal, driven by Shopify’s 8% surge. The U.S. market experienced soft buy signals across several indices, including the S&P 500 and Russell 2000, though Whiteside cautions against acting prematurely without stronger confirmation.

Sector-wise, consumer discretionary, energy, and technology led gains, with energy stocks attempting to break above February highs. Notable stock movements include Nvidia maintaining a buy signal, Ford testing key resistance, and Bank of America returning to a buy signal. Bitcoin and Ethereum approached buy signals but failed to confirm. Whiteside emphasizes patience, advising traders to wait for clear signals before entering positions.

Stephen Whiteside

Thursday, March 20, 2025

In today’s stock market update, Stephen Whiteside discusses key market movements ahead of the Federal Reserve’s announcement. Energy stocks showed strength, with crude oil nearing a buy signal, while gold reached new highs. The U.S. dollar weakened, and bond yields remained steady, awaiting the Fed’s impact. Major indices like the TSX, S&P 500, and NASDAQ saw mixed performances, with tech stocks leading declines. Notable losers included Shopify, Nvidia, and Tesla, while Bitcoin continued its downward trend.

With the market highly oversold, a short-term bounce is possible, though resistance levels may limit gains. The reaction to the Fed’s decision will be critical in determining market direction. Stephen cautions that even if a rally occurs, it may be short-lived, with potential for a retest of recent lows. He encourages investors to stay focused on timing strategies and trend-following techniques to navigate market uncertainty.

Stephen Whiteside

Wednesday, March 19, 2025

In today’s premarket update, Stephen Whiteside discusses the stock market’s reaction ahead of the Federal Reserve’s meeting. While stock futures are slightly below fair value, commodities like gold and crude oil are rising. The market’s volatility is evident, with indices struggling against major moving averages and resistance levels. Tesla, part of the Magnificent Seven, continues its decline, reflecting broader market weakness. Despite a bullish session on Monday, no major trend reversals occurred.

The VIX remains low, supporting potential higher stock prices, while gold, silver miners, and energy stocks continue to perform well. Whiteside notes historical market shifts, warning that early leaders like Tesla are not immune to decline, citing past tech industry examples. With key resistance levels in focus, investors await the Fed’s decision, which could influence market direction.

Stephen Whiteside

Tuesday, March 18, 2025

Stephen Whiteside from TheUpTrend.com kicks off the week with a look at the stock market ahead of the Fed’s interest rate decision on Wednesday. Futures are slightly down, and while Friday’s market saw a reversal, there’s no strong follow-through yet. Key economic reports this week include retail sales, jobless claims, and home sales. The VIX rolled over on Friday, signaling potential support for higher stock prices, though consumer-related stocks and Tesla continue to struggle. Nvidia, however, returned to a buy signal, and major indexes like the Dow and S&P 500 showed strength, though caution is advised before jumping in.

In the Canadian market, Infotech was the biggest loser last week, while TSX 60 ETFs remain within their trading channels. Tesla remains volatile, with resistance at $250, while stocks like Broadcom and Microsoft show some potential for new buy signals. Commodities, including gold and silver, hit new highs on Friday, while energy remains quiet. As the market anticipates the Fed’s decision, any unexpected news could trigger sharp moves. Stephen reminds viewers that stock market timing is crucial and invites them to visit TheUpTrend.com for more insights.

Stephen Whiteside

Monday, March 17, 2025