In this Friday morning market update, Stephen Whiteside from TheUpTrend.com reviews weekly and daily charts to assess market direction heading into the weekend. The VIX has risen sharply, signaling growing investor fear, while the S&P 500 and Nasdaq remain within last week’s trading range. Semiconductors continue to lead the market higher, while financials—particularly regional banks—are under pressure. In Canada, the TSX is holding firm, supported by gold stocks and strong performance in mining, even as energy lags behind.
On the daily side, gold and silver continue to surge, while crude oil and natural gas extend their declines, weighing on the energy sector. Bitcoin has broken below key support levels, and volatility remains elevated. Whiteside reviews active stocks on both the TSX and U.S. markets, noting multiple sell signals and mixed trends. He closes by reminding viewers to stay alert as volatility increases and encourages members to check back Sunday evening for his next update.
Stephen Whiteside
Friday, October 17, 2025
