Morning Market Outlook 20260731

Friday’s market outlook points to a potentially stronger open, supported by the typical bullish month-end bias and higher pre-market futures led by the NASDAQ. While technology stocks staged an impressive rebound, highlighted by SanDisk’s 26% surge, the broader market remains mixed, with the NASDAQ showing relative strength while the S&P 500, Dow, and TSX have yet to confirm a broader bullish reversal. Commodities are mixed, with crude oil higher and gold under pressure, while bond yields continue to rise.

The review of weekly charts highlights weakness in bonds, resilience in the U.S. dollar, and little movement in Bitcoin. The video also examines key individual stocks, noting potential topping action in Apple, possible support forming in Tesla around $300, and continued downside risk for SpaceX toward $100. Investors are encouraged to remain focused on trend confirmation rather than reacting to short-term volatility.

Stephen Whiteside
Friday, July 31, 2026

Morning Market Outlook 20260730

Thursday’s market outlook begins with U.S. stock index futures trading modestly higher after Wednesday’s sharp decline, although the gains are unlikely to recover the previous session’s losses. Stephen Whiteside notes that investors should remain cautious ahead of key U.S. economic data, including jobless claims, while highlighting continued relative strength in the Canadian market versus ongoing weakness in the U.S., particularly within the Nasdaq and semiconductor sectors. Individual stocks under pressure include Tesla, Nvidia, Meta, SanDisk, and Intel, while Canadian energy shares continue to outperform.

The presentation also puts recent market volatility into perspective, explaining that despite an unusually large decline, markets remain well below levels that would trigger exchange circuit breakers or widespread institutional margin calls. The video reviews technical price targets across major indexes, sectors, and actively traded stocks, discusses potential weakness in financials alongside continued strength in energy, examines opportunities in volatility ETFs, and emphasizes the importance of disciplined trend-following and risk management as traders head into August.

Stephen Whiteside
Thursday, July 30, 2026

Morning Market Outlook 20260729

Stephen Whiteside opens with an update explaining that TheUpTrend’s public website was temporarily compromised but has now been fully restored. He emphasizes that the marketing website is separate from the secure member site and that no customer payment information was exposed. He also shares some of the challenges of working through the recovery process with Cloudflare and AWS before shifting focus to the day’s market outlook.

The market discussion centers on mixed pre-market futures, the upcoming remarks from the new Federal Reserve chairman, and continued weakness in semiconductor stocks led by South Korea and Nvidia. Stephen reviews recent market volatility following what he describes as a pump-and-dump cycle, examines crude oil, energy, volatility indexes, and key technical price targets, while warning that Canada’s banking sector may be developing its own market bubble. He concludes by reminding viewers that geopolitical uncertainty continues to create risks despite pockets of market strength.

Stephen Whiteside
Wednesday, July 29, 2026

Morning Market Outlook 20260723

00:00 Market Outlook & Pre-Market Setup
00:00 Commodities, Gold & Jobless Claims Preview
00:00 Earnings Impact: Google, IBM, Tesla & SpaceX
01:40 Data Centers, Oracle & Rising Rate Risks
03:01 Bond Market & September Rate Expectations
03:48 Gold Stocks, Silver & Energy Sector Strength
04:22 Crude Oil, Gasoline & Natural Gas Outlook
05:45 Canadian & U.S. Energy Stock Targets
06:43 Bitcoin, Ethereum & VIX Update
07:29 TSX, U.S. Index ETFs & Semiconductor Outlook
08:38 Closing Thoughts & Jobless Claims Watch

Morning Market Outlook 20260722

Stocks looked set for a weaker open on Wednesday, with the NASDAQ leading futures lower ahead of a busy earnings day featuring companies including AT&T, IBM, and Tesla. While commodities were higher—with crude oil up more than $3 and gold nearly $50 higher—the overall market remained in a wait-and-see mode. Rather than chasing fresh buy signals, the emphasis was on waiting for stronger technical confirmation before taking new positions.

The Canadian market showed resilience as higher commodity prices helped offset tariff concerns, while South Korea’s fading momentum and weakness in semiconductor stocks created caution for technology investors. Gold returned to a buy signal, energy stocks continued to strengthen alongside rising crude oil prices, and the outlook remained constructive for Canadian resource stocks. With earnings season accelerating, investors should expect increased volatility in individual stocks.

Stephen Whiteside
Wednesday, July 22, 2026

Morning Market Outlook 20260721

Markets are positioned for a stronger open on Tuesday, with Nasdaq futures leading higher after gains in South Korea and renewed strength in major chip stocks. Commodities are also moving higher, including crude oil, gold, and silver, which could provide support for Canadian markets despite new U.S. tariff announcements. Stephen Whiteside notes that Monday’s late-session weakness leaves traders watching closely to see if markets can break above the previous day’s highs.

The analysis highlights ongoing sell signals across major U.S. indexes, Canadian financials, and space-related stocks, while emphasizing patience rather than reacting immediately to recent weakness. Attention is also given to improving trends in copper and energy, multiple inside days across precious metals, and key support levels that continue to hold. The presentation concludes that higher commodity prices could help offset tariff concerns as trading begins.

Stephen Whiteside
Tuesday, July 21, 2026

Morning Market Outlook 20260720

Monday’s market outlook begins with relatively calm pre-market trading despite significant overnight volatility in commodities. Gold plunged more than $100 while crude oil initially surged before reversing, leaving stock index futures modestly higher. Stephen reviews the return of VIX buy signals, new sell signals across semiconductor stocks, and weakening momentum in the NASDAQ 100, while noting that key support levels remain intact and several major technology stocks are approaching critical price levels that could trigger additional sell signals.

The discussion then shifts to the Canadian market, where bank stocks continue to demonstrate strength while technology shares remain under pressure. Individual updates include Shopify, Canadian Natural Resources, Celestica, Enbridge, and the major Canadian banks before concluding with a review of high-volume U.S. stocks such as NVIDIA, Alphabet, Microsoft, Amazon, Broadcom, Meta, Taiwan Semiconductor, and SpaceX. With no major economic reports scheduled, the expectation is for a higher market open while emphasizing that trend-following and risk management remain the primary focus.

Stephen Whiteside
Monday, July 20, 2026

Protect Your Portfolio 20260719

This weekend update focuses on growing signs of caution beneath an otherwise resilient stock market. While the major indices are still holding up, the return of buy signals in the VIX suggests investor fear is increasing. Rising crude oil prices, driven by geopolitical instability, continue to support energy stocks, while Canadian and U.S. financials remain among the strongest-performing sectors. In contrast, gold, technology, and telecommunications continue to lag.

Attention is centered on the weakening semiconductor industry and the broader technology sector, where several leading stocks have suffered significant monthly declines. The NASDAQ remains on a daily sell signal, and SpaceX has fallen 45% from its high after an aggressive post-IPO rally. The presentation concludes by encouraging investors to closely monitor volatility, international markets, and sector rotation as markets prepare for another potentially challenging trading week.

Stephen Whiteside
Sunday, July 19, 2026

Morning Market Outlook 20260716

U.S. stock index futures pointed to a weaker open as the S&P 500 and NASDAQ remained under pressure while the Dow gave back earlier gains. With jobless claims and retail sales data due before the opening bell, investors were preparing for potential volatility. Weakness continued in semiconductor stocks, while SpaceX extended its decline toward its IPO price, raising concerns that key support may soon fail.

The video also highlights the importance of disciplined profit-taking using predefined price targets, using IBM and PayPal as examples. Strength remains concentrated in the banking sector, where Canadian and most U.S. banks continue to trade on buy signals after significant advances from spring lows. While bank stocks remain constructive, the presenter suggests they may now be better suited for long-term investors seeking dividends rather than active traders pursuing high volatility.

Stephen Whiteside
Thursday, July 16, 2026