In Wednesday’s premarket update, Stephen Whiteside from TheUpTrend.com notes that while stock index futures are down, the move remains within a normal range, and there are no significant economic reports to sway the market early in the session. He reminds viewers of the importance of donating blood, particularly for men with cardiovascular history, and even offers discounts to donors. Market commentary includes Target’s underperformance compared to peers like Costco and Dollar Tree, as well as a steady VIX indicating no major fear among traders.
The update covers a variety of market sectors: commodities like copper remain mixed, with copper miners on a buy signal, while gold and silver have both bounced back with strong premarket performance. Energy remains bullish with crude and gasoline on buy signals. Stephen also reviews Canadian and U.S. energy stocks, noting potential sell signal levels. Among major ETFs and indices, Agnico-Eagle was a big winner in Canada, while Shopify and Ivanhoe Mines underperformed. In the U.S., UnitedHealth, Moderna, and Regeneron led gains, while American Express, Fair Isaac, and Airbnb lagged. The overall tone suggests watching for potential weakness, but nothing alarming unless selling accelerates.
Stephen Whiteside
Wednesday, May 21, 2025
