In Thursday morning’s premarket update, Stephen Whiteside from TheUpTrend.com outlines a broadly positive tone for the markets ahead of major economic numbers expected at 8:30 AM. Nvidia has broken to new all-time highs and Celestica continues to surge, while Tesla saw a minor pullback that hasn’t triggered a sell signal yet. The VIX remains on a sell signal across the S&P 500, Nasdaq, and Russell 2000—supportive for continued market strength. The Dow and S&P 500 are near breakout levels, and the Nasdaq 100 has pushed above resistance, suggesting more upside potential across the board.
Whiteside also reviews Canadian markets and commodity sectors. TSX 60 and Vanguard Canada ETFs are pushing higher, while copper remains strong despite weakness in gold and silver-related assets. Crude oil and gasoline saw sharp pullbacks—welcomed news ahead of the holidays—while natural gas and energy stocks remain under pressure. The update closes with an optimistic note: the market wants to push higher, but much depends on the upcoming economic data. As always, market timing and trend analysis remain critical in navigating this environment.
Stephen Whiteside
Thursday, June 26, 2025
