In today’s market update, Stephen Whiteside from TheUpTrend.com reviews the latest weekly charts heading into the weekend. After a challenging evening of website updates, he notes that stock index futures are trading higher in the pre-market, with investor attention focused on the Fed chairman’s speech. Inflation remains a key concern, limiting the likelihood of an interest rate cut in September. While the VIX is back on a daily buy signal, the broader stock market is under short-term pressure.
Whiteside highlights mixed signals across asset classes: U.S. dollar steady, crude oil up, and gold under pressure, while gold and silver miners continue to make new highs. Technology and semiconductor stocks are leading declines, though energy stocks and certain commodities are seeing renewed strength. Cryptocurrencies remain volatile, with Bitcoin under pressure and Ethereum stable. Despite fluctuations, copper miners benefit from long-term hedging strategies. He closes by reaffirming the importance of stock market timing and invites viewers to visit TheUpTrend.com for guidance.
Stephen Whiteside
Friday, August 22, 2025
