The Tuesday morning update from Stephen Whiteside at TheUpTrend.com highlights modest gains in U.S. stock index futures and a focus on upcoming economic data and the Fed’s announcement on Wednesday. Gold continues to weaken, breaking below the $4,000 level, with the next downside target at $3,906.25. Gold stocks fell sharply in both the U.S. and Canada, while the VIX moved lower, supporting a positive tone for equities.
Across North American markets, major indices like the Dow, S&P 500, and Nasdaq reached new highs, supported by strength in semiconductors and large-cap technology stocks. Financial and energy sectors saw modest gains, while Canadian markets were held back by weakness in gold. The Magnificent Seven stocks, including Apple, Amazon, Meta, Microsoft, and NVIDIA, all posted strong gains. Whiteside concludes by noting pre-market data showing Dow futures up 200 points and gold and crude oil lower, likely pressuring Canadian stocks on Tuesday.
Stephen Whiteside
Tuesday, October 28, 2025
