In Friday morning’s market update, Stephen Whiteside from theuptrend.com highlighted mixed pre-market futures as investors awaited key economic numbers at 8:30 a.m. With the Fed’s rate decision looming later in September, speculation is building around whether lower rates will benefit small and mid-cap stocks reliant on borrowing. Meanwhile, gold surged more than $90 on the week, crude oil remained steady, and natural gas showed signs of a potential bottom, sparking interest for a possible rally similar to late 2024.
Major indices, including the S&P 500, Nasdaq, and TSX, flashed new buy signals, though Stephen cautioned against aggressive entries at elevated levels. Stocks in focus included Broadcom, which jumped on earnings, and Lululemon, which tumbled in pre-market trading. U.S. and Canadian bank stocks reached new highs, while energy names continued holding buy signals. Stephen closed by reminding traders to stay cautious amid upcoming volatility, cover shorts, and avoid overcommitting ahead of uncertain market conditions.
Stephen Whiteside
Friday, September 5, 2025
