In today’s market update, Stephen Whiteside from theuptrend.com reviews Thursday morning’s trading environment. Stock index futures were mixed, while commodities and cryptocurrencies were trending lower. Key economic data included U.S. jobless claims and energy inventories. Apple and Alphabet both posted strong gains, with Alphabet jumping nearly 10%, pushing the Magnificent Seven ETF back onto a buy signal. However, Stephen cautions that these moves come at the top of the “panic zones,” making them high-risk opportunities heading into September.
Beyond tech, Canadian resource sectors led the TSX to new highs, with gold and silver miners showing exceptional strength, and copper maintaining its uptrend. U.S. and Canadian financials diverged, semiconductors remained under pressure, and energy stocks weakened on both sides of the border. Stephen also highlighted the VIX, noting it is approaching a critical point, with potential for a breakout that could shift market sentiment. He concluded with caution, reminding investors that timing and trend-following are essential to navigate current volatility.
Stephen Whiteside
Thursday, September 4, 2025
