Category: Uncategorized

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

In today’s market update, Stephen Whiteside discusses a volatile pre-market session marked by renewed tariff tensions between the U.S. and China. Tariffs are causing widespread uncertainty, with gold prices soaring and crude oil plunging nearly $4. The energy sector is suffering, while rising fear indicators and bearish ETFs signal market weakness. The bond market is also under pressure, and China may retaliate by selling U.S. bonds, potentially driving interest rates higher.

Whiteside then reviews the performance of major stocks and ETFs, focusing on the NASDAQ 100, Magnificent 7, and key players like Apple, Tesla, Nvidia, and Shopify. While some stocks are holding support levels, others are teetering on the edge of further declines. Despite the chaos,
Whiteside reminds viewers there are still ways to profit in a falling market, emphasizing the importance of stock market timing and staying informed. He closes with encouragement to follow the trend and keep a level head amidst market “stupidity.”

Stephen Whiteside

Wednesday, April 9, 2025

In today’s market update, Stephen Whiteside from TheUpTrend.com recaps a highly volatile Monday in the financial markets. Stock index futures are pointing higher Tuesday morning, but Monday saw dramatic swings with new lows across major indices, intense volatility in the VIX, and significant moves in both the stock and bond markets. Major resistance levels remain overhead, and although a short-term bounce is possible, it may not change the broader trend. Key sectors like semiconductors and tech showed relative strength, while homebuilders and Apple lagged. Globally, markets in Europe and Asia were also hit hard.

The bond market saw uncharacteristic turmoil, with steep drops in instruments like the TLT and XBB. Among index ETFs, Super Micro and Shopify stood out as top performers, while Apple, MicroStrategy, and Bank of Nova Scotia led the losers. Commodities also struggled, with declines across oil, gas, copper, and metals—except for a minor uptick in silver. Whiteside concludes by saying a close above Monday’s high would be a bullish signal but not necessarily a call to action. The tone remains cautious as traders look for confirmation of a potential bottom.

Stephen Whiteside

Tuesday, April 8, 2025

Stephen Whiteside from TheUptrend.com delivers a Monday morning market update, highlighting ongoing market volatility with stock index futures down and the VIX climbing. He discusses the absence of major economic reports early in the week, while warning of potential reactions to upcoming events such as the Fed minutes and PPI later in the week. Markets globally followed the U.S. into a selloff, with the TSX breaking key support levels, energy stocks collapsing due to crude oil’s steep drop, and major U.S. indices showing signs of deeper corrections, all signaling a broad “risk-off” environment.

Whiteside emphasizes the ongoing breakdown in market cycles, especially in sectors like technology and energy, noting that pressure zones are extended and early recovery signals have failed. He analyzes key stocks, including Nvidia, Tesla, Apple, and Amazon, which all show further declines. While bear ETFs have seen significant gains, he reminds investors to remain respectful toward others suffering losses. He closes with an encouragement to continue using disciplined timing strategies and reminds viewers to like, share, and subscribe for more educational content.

Stephen Whiteside

Monday, April 7, 2025