In today's video, Stephen Whiteside from TheUpTrend.com provides a market update, noting that premarket trading is quiet with stock index futures slightly above fair value. The triple Q's hit $500 but remained below this level. The VIX had an inside day, and a close above $12.90 on Wednesday would signal a new buy, indicating potential stock declines. Tuesday's top performers were banks, while the Canadian energy sector and U.S. transportation stocks lagged. Intel led the Dow despite its overall pullback. The S&P 500 had minor gains, with Incyte and Albemarle as notable movers. The Nasdaq 100 saw a modest rise, with Tesla up 3.71% and Datadog down. In the Canadian market, Maple Leaf Foods led gains, while Badger was the biggest loser. The TSX 60's top performer was the National Bank, recovering from previous losses. Commodity ETFs showed mixed results, with USO and gasoline near sell signals, and natural gas, gold, silver, and palladium all experiencing minor movements. Whiteside anticipates a quiet market open and encourages viewers to like, share, and subscribe for future updates.

https://theuptrend.com/morning-market-outlook-07102024/

Canadian Stock Market Timing 07092024

In today's presentation, Stephen Whiteside from TheUpTrend.com provides a comprehensive overview of recent market activities. He starts with the U.S. market, noting the VIX's potential buy signal and new highs for the S&P 500, with semiconductors, particularly Intel, leading gains. The focus then shifts to the Canadian market, where all major indices are on buy signals despite some volatility. Consumer Staples, led by George Weston, Jamesons, and Loblaws, have been strong performers. In contrast, the Energy sector shows signs of potential sell signals, particularly for Athabasca and Suncor. The Financial sector is mixed, with some stocks like Royal Bank and Manulife showing positive trends while others remain stagnant or bearish. Whiteside concludes by highlighting the differences between the Canadian and U.S. markets, particularly in the technology sector, and advises caution in the Energy sector while noting stability in the Gold sector.

Stephen Whiteside

TheUpTrend.com

Tuesday, July 9, 2024

https://theuptrend.com/canadian-stock-market-timing-07092024/

Good morning, everyone. Stephen Whiteside from TheUpTrend.com provides a market update for Wednesday, July 3, 2024. Pre-market activity is quiet, with jobless claims data due at 8:30 am potentially influencing market direction. U.S. markets will close early today and remain closed Thursday for the July 4 holiday, while Canadian markets will be thinly traded. Key updates include Bitcoin's significant pre-market drop, the VIX holding steady, and mixed signals from major indexes. The S&P 500 and Nasdaq 100 hit new highs, while the Dow remained flat. In commodities, crude oil shows a bearish reversal, natural gas continues to decline, and gold might end the day on a buy signal. Stephen also reviewed several stocks, including Tesla's breakout, Apple's upward momentum, and Amazon hitting a target price of $200. Financial stocks led activity in the Canadian market. Stephen will not post updates on Thursday but will resume with charts tonight and a weekend update on Saturday.

Stephen Whiteside

TheUpTrend.com

Wednesday, July 3, 2024

https://theuptrend.com/morning-market-outlook-07032024/

[00:00:00]: Introduction and Market Overview

[00:01:02]: Micron and FedEx Market Updates

[00:02:12]: Canadian Market and Miners Performance

[00:03:17]: Bond Market and Currency Movements

[00:04:20]: Big Cap Tech Stocks Overview

[00:05:31]: Tesla's Performance and Future Targets

[00:06:34]: Closing Remark s and Market Prediction

[00:06:34]: Outro and Call to Action

https://theuptrend.com/morning-market-outlook-06272024/

Morning Market Outlook for Tuesday, June 25, 2024

In his stock market update video, Stephen Whiteside of TheUpTrend.com discusses the mixed pre-market conditions with Dow futures down and Nasdaq and S&P 500 futures up. He mentions the volatility index (VIX) which suggests potential market nervousness. Whiteside provides a detailed analysis of sector performances, highlighting the strength in Canadian energy stocks and weaknesses in big cap chip stocks. He reviews specific stocks and indices, noting significant movements and potential buy or sell signals across commodities like crude oil, natural gas, and grains.

Enjoy today's video.

https://theuptrend.com/morning-market-outlook-06252024/

Morning Market Outlook - June 21, 2024

Good morning, everyone. I'm Stephen Whiteside from theuptrend.com with today's Morning Market outlook.

In the pre-market, activity is quiet with no major economic numbers due before the market opens. Stock index futures are slightly down, commodities are mixed with gold up and crude oil slightly down. Yesterday, the S&P 500 hit 5500 before pulling back, marking a bearish reversal. The VIX ended on a buy signal, which is negative for stocks.

The Dow had a strong day, led by Salesforce, Chevron, and IBM. The Nasdaq's triple Qs had a reversal, hitting a price target. Among the Magnificent Eight, Apple and Amazon remained above the upper channel line, while Alphabet, Meta, Microsoft, and Nvidia showed potential for sell signals. Shopify and Tesla showed little change, with Tesla looking for a breakout above $187.50.

The Canadian market saw the TSX trying to hold its April lows. Energy and gold sectors showed positive signs, with several gold miners back on buy signals.

Overall, while some tech stocks are pulling back, other sectors like energy and US financials are showing strength. Enjoy your day and weekend. The next update will be on Monday morning.

Thank you for watching.

Stephen Whiteside

TheUpTrend.com

Friday, June 21, 2024

https://theuptrend.com/morning-market-outlook-06212024/

Subject: Monday Morning Market Outlook - June 17, 2024

Good morning,

Welcome to today's Market Outlook.

The gap between a few high-performing tech stocks and the rest of the market continues to widen.

Several sectors are struggling to maintain their April lows, and many are trying to hold above their 200-day moving averages.

As we mentioned over the weekend, we have significant new weekly sell signals.

The current market situation is not looking promising.

Eventually, this market divergence will correct itself.

Will the rest of the market rally to catch up with the tech sector, or will the tech sector decline to meet the rest of the market?

Only time will tell.

Enjoy today's video, and have a great weekend.

Best regards,

Stephen Whiteside

TheUpTrend.com

Monday, June 17, 2024

https://theuptrend.com/morning-market-outlook-06172024/