In Friday’s premarket update, Stephen Whiteside from TheUpTrend.com notes a cautious tone across markets, with stock index futures trading below fair value while commodities show strength. Nvidia continues its momentum, closing above the $4 trillion mark and approaching a key breakout level. Bitcoin also shows bullish action, having broken its May highs and hitting a key price target. Overall, the week has been quiet with minimal movement across major indices, currencies, and commodities, with semiconductors leading while gold and silver stocks lag.
Airline stocks surged Thursday following Delta’s strong performance, lifting the sector broadly. Most active stocks included Nvidia, American Airlines, BigBear.ai, Tesla, Lucid, SoFi, and Robinhood—with Robinhood approaching a significant resistance level. On the TSX, Canadian Natural Resources, TD Bank, Enbridge, and Ivanhoe Mines were in focus, with Ivanhoe showing upside potential towards major moving averages. Despite early weakness expected Friday morning, no major trend changes are anticipated. Stephen signs off reminding viewers about the importance of timing in markets and directs them to TheUpTrend.com for more guidance.
Stephen Whiteside
Friday, July 11, 2025
