In Wednesday morning’s market update, Stephen Whiteside highlights early pre-market strength in the Nasdaq and S&P 500, largely driven by Oracle’s strong after-hours performance. He discusses the impact of upcoming economic data, including the Producer Price Index and crude oil inventories, while reviewing notable moves in tech stocks, ETFs, and futures contracts. Whiteside also explains why leveraged ETFs don’t always perfectly match the daily performance of their underlying indexes, emphasizing that buyer and seller demand at the close affects short-term pricing.
The update further reviews sector activity, noting new sell signals across transports and airlines while Canadian banks and energy stocks showed fresh buy signals. Crude oil and gasoline prices are sitting near potential breakouts, while metals and bonds continue to show mixed signals. Whiteside concludes by stressing the importance of market timing, encouraging viewers to follow trends for better decision-making, and reminding them to stay connected through TheUpTrend.com for ongoing insights.
Stephen Whiteside
Wednesday, September 10, 2025
