In Tuesday’s pre-market update, Stephen Whiteside from TheUpTrend.com notes quiet market conditions ahead of the CPI release, which could impact Fed policy. The VIX remains on a sell signal, and bonds, including the TLT and XBB, are on buy signals—supportive for higher stock prices. While junk bonds remain flat, futures trading in bonds offers more volatility potential. The U.S. dollar shows a bullish pattern, while other major currencies, including the euro, Canadian dollar, and Japanese yen, trend lower.
In commodities, gold dropped sharply but gold mining stocks recovered most losses, showing resilience despite the \$86 drop in gold’s price. Silver mirrored gold’s movement, with silver stocks holding strong. Cannabis stocks surged on speculation of U.S. policy changes, with some ETFs up over 27%. Whiteside cautions on their extreme volatility, likening them to natural gas in agriculture. He wraps up by highlighting the importance of timing in stock trading and invites viewers to visit TheUpTrend.com for more guidance.
Stephen Whiteside
Tuesday, August 12, 2025
