In Tuesday morning’s market update, Stephen Whiteside from *TheUpTrend.com* reviewed pre-market conditions with stock index futures slightly lower, crude oil reversing gains, and gold edging higher. He highlighted upcoming consumer confidence numbers and the key event of the week: NVIDIA earnings on Wednesday. Monday’s trading was largely an inside day, with cannabis stocks leading, and major indices showing little change. The VIX for the S\&P 500 remains supportive of higher prices, while the Nasdaq continues on a sell signal.
Stephen also analyzed the Magnificent Seven stocks, noting mixed signals across Apple, Amazon, Alphabet, Meta, Microsoft, NVIDIA, and Tesla. Broader market insights included reversals in Bitcoin and Ethereum, gold and silver strength, and pressure in commodities like crude oil and natural gas. He closed by warning of rising U.S. bankruptcies, economic weakness in real estate and travel, and Walmart’s decline as a reflection of real economic stress. The market remains quiet as traders await NVIDIA’s results mid-week.
Stephen Whiteside
Tuesday, August 26, 2025
