In Wednesday’s premarket report, Stephen Whiteside from TheUpTrend.com highlights a mixed open for the U.S. markets, with the Dow bouncing on earnings and the Nasdaq slightly lower after hitting new highs. Tuesday’s trading saw semiconductors and tech stocks as standout performers, especially Nvidia, which led a rally in the sector. Outside of tech, most sectors declined, pushing the Dow back onto a sell signal, with American Express, Home Depot, and UnitedHealth leading the way down. Meanwhile, some big names like Microsoft, Amazon, and Apple managed gains, though Apple remains in the channel and could change trend soon.
In Canada, the TSX fared slightly better with a smaller decline, although consumer staples were the worst-performing group. Stocks like George Weston, Teck, and Dollarama contributed to the pullback. On the U.S. side, Supermicro and AMD led gains on the NASDAQ 100, while Biogen and Lululemon were among the biggest losers. Bitcoin dipped Tuesday but rebounded Wednesday, while Ethereum continued to climb. The VIX edged higher into the channel but has yet to signal elevated fear in the market. Stephen ends by encouraging viewers to donate blood and tune in Thursday for updates on the most actively traded stocks.
Stephen Whiteside
Wednesday, July 16, 2025
