This morning’s update from *TheUpTrend.com* highlights a mixed pre-market environment. Tesla is down sharply, while gold, crude oil, and Bitcoin are showing notable strength. Major indexes — from the Vanguard Total Market ETF to the TSX — remain trapped within recent trading ranges. Stephen Whiteside emphasizes the markets’ indecision and the need for a breakout before any clear trend emerges. In the crypto sector, Bitcoin is holding key psychological support near $100,000, while major crypto stocks such as Bitfarm, Hut 8, and Galaxy have slipped back onto sell signals.
In commodities, crude oil and gasoline are climbing higher, boosting energy stocks like Imperial Oil and Halliburton. Gold and gold miners are rebounding from intraday lows, led by Kinross and Newmont Mining. Whiteside closes with a cautionary note about record-high margin debt and historically overbought conditions that could foreshadow a market correction. Despite warning signals, short-term momentum remains mixed, with likely selling in New York and buying in Toronto as commodities lift Canadian markets.
Stephen Whiteside
Thursday, October 23, 2025
