In this Tuesday morning update, Stephen Whiteside from TheUpTrend.com discusses the current premarket conditions where stock index futures are trading below fair value, reversing yesterday’s slight gains. He highlights that this week’s key focus is the Federal Reserve meeting, with the Fed statement and press conference scheduled for Wednesday afternoon, potentially triggering increased market volatility. Meanwhile, crude oil is trading higher, gold is slightly lower, and retail sales data is due out shortly.
Stephen reviews recent sector movements, noting that semiconductors led Monday’s winners while the gold sector lagged. Energy stocks saw modest declines despite a drop in crude oil prices. He also covers defense stocks, the VIX activity, and updates on major ETFs, pointing out new highs and some reversals in individual stocks like Cameco, Pembina, and Advanced Micro Devices. Overall, most major index ETFs remain on buy signals except for the Dow. Stephen signs off reminding viewers that in stock trading, timing and trend-following are key.
Stephen Whiteside
Tuesday, June 17, 2025
