In today’s Tuesday morning update, Stephen Whiteside of TheUpTrend.com discusses a mixed pre-market environment with the Dow slightly higher and the S&P and NASDAQ trading lower. He steps back from short-term analysis to focus on midterm trends, using the Daily Midterm Chart to track broader market direction. While most major U.S. indices are currently on buy signals, key momentum indicators have yet to break above the “waterline,” suggesting more work is needed before a full bullish trend is confirmed. Bonds have been rising recently, possibly due to a pause in foreign selling, and yields are retreating.
Stephen also reviews sectors and markets including the Canadian TSX 60, energy, financials, gold, infotech, real estate, and telecom. While many are on buy signals, momentum remains cautious. Bitcoin and several crypto-related stocks such as Coinbase and MicroStrategy are showing strength, while others like Hive and Hut 8 lag behind. Stephen concludes by noting that late April buying is typical, but the market remains under key resistance. The video wraps with encouragement to visit TheUpTrend.com to learn more about timing the stock market.
Stephen Whiteside
Tuesday, April 29, 2025
