In Wednesday morning’s update, Stephen Whiteside from TheUpTrend.com noted a quiet but positive start to the day with stock index futures, commodities, and Bitcoin all trading modestly higher. There were no major economic reports at the open, but upcoming ADP employment numbers and oil inventory data could influence market direction later. The VIX remains subdued, suggesting a lack of fear among options traders.
Major indices like the TSX 60, Dow, S&P 500, and Nasdaq ETFs are testing key resistance levels. Sectors like semiconductors, copper miners, gold, silver, and energy are seeing mixed performance, with many remaining on buy signals. Energy stocks, in particular, saw a lift as oil, gasoline, and natural gas moved higher. Among major stocks, Nvidia hit a new high while Alphabet turned bearish. The video closes with a reminder of the importance of market timing and trend-following strategies.
Stephen Whiteside
Wednesday, June 4, 2025
