In Thursday morning’s pre-market update, Stephen Whiteside from TheUpTrend.com highlights the quiet market conditions ahead of key U.S. economic reports, including retail sales, jobless claims, and the Philadelphia Fed Index. Wednesday’s trading was volatile, with the VIX and major indices like the NASDAQ and S&P 500 reversing after testing lower channel lines. While Canadian financials and tech stocks remain on buy signals, energy stocks on both sides of the border have rolled over to new sell signals. Gold stocks had an inside day, and semiconductors showed signs of potential weakness.
In the U.S., mixed signals continue with some indices holding their trend while others like the Russell 2000 and bank stocks remain on sell signals. A review of the most active stocks from both Wall Street and the TSX includes notable moves from Rigetti, Nvidia, Ford, Warner Brothers, Denison Mines, and Air Canada. Despite some early sector sell signals, the broader market has not yet broken down, though further weakness is anticipated. The video closes with a reminder of the importance of timing in the stock market and an invitation to visit TheUpTrend.com for more insights.
Stephen Whiteside
Thursday, July 17, 2025
