In Monday’s pre-market update, Stephen Whiteside from TheUpTrend.com reported a quiet start for stock index futures while Bitcoin surged \$2,000 and gold fell \$80. Key economic events for the week include U.S. inflation data, jobless claims, and retail sales. The VIX’s recent buy signal quickly reversed, benefiting the stock market, while major indices like the TSX-60 and S\&P 500 returned to buy signals, driven by standout performers such as Shopify and NVIDIA. However, equal-weighted indices lagged, and small- and micro-cap stocks remained weak. Semiconductors rebounded strongly, while commodities like crude oil, natural gas, and copper stayed under pressure. Silver turned bullish, but gold risked a sell signal by the end of the day.
On Bay Street, Shopify’s rally boosted the TSX-60 to all-time highs despite many laggards. U.S. market leaders included Soundhound, Apple, and Tesla, with mixed reactions to earnings. Notable movers included sharp drops in Trade Desk and Sun Life, new highs for Denison Mines, Barrick, and Palantir, and ongoing weakness in Intel and Lucid. Stephen closed by noting a likely quiet Monday open and reminded viewers about the importance of market timing and trend-following, directing them to TheUpTrend.com for more resources.
Stephen Whiteside
Monday, August 11, 2025
