In Tuesday’s pre-market update, Stephen Whiteside from **TheUpTrend.com** reviews market conditions following Friday’s sell-off. Despite early strength Monday, the day ended as an inside day across major U.S. indices including the S&P 500, Dow, and Nasdaq. Tech stocks, particularly chipmakers like Broadcom, ON Semiconductor, and Micron, showed relative strength, while gold and silver continued to rise—potentially signaling underlying financial stress. Bitcoin remained flat, and volatility (VIX) stayed elevated, reflecting ongoing uncertainty.
Stephen advises caution, noting that any new buy signals should be ignored for now as market risk remains high in October. The Canadian market is expected to play catch-up after Monday’s U.S. trading, especially in energy and financials, both of which remain weak. With crude oil and natural gas under pressure and major financials like BlackRock, JPMorgan, and Goldman Sachs reporting earnings, traders should stay defensive and patient, as the broader trend still points lower.
Stephen Whiteside
Tuesday, October 14, 2025
