In today’s pre-market update, Stephen Whiteside from theuptrend.com highlights a quiet open with gold slightly lower, crude oil pushing higher, and Bitcoin modestly up. He reviews the Fed Chairman’s recent comments that sparked volatility, along with upcoming reports on new home sales and energy inventories. Crude oil and energy stocks are in focus, with Halliburton, Torbelline, and Vermilion leading gains, while uranium stocks like Cameco and Energy Fuels also surged.
The TSX briefly touched 30,000 before reversing, though no strong follow-through to the downside has been confirmed. Whiteside reviews the VIX, ETFs, and the “Magnificent Seven” tech stocks, noting new sell signals in Amazon, Meta, and Shopify, while Tesla and Microsoft are close to breakdown levels. Despite Tuesday’s reversal, the lack of strong downside momentum is seen as bullish if it continues.
Stephen Whiteside
Wednesday, September 24, 2025
