• Good morning, everyone. Welcome to Friday morning. .
• It's Stephen Whiteside here from the .
• uptrend.com in the pre market this morning, things are fairly quiet ahead of .
• employment numbers that are coming out at 8:30 this morning. .
• And of course, if the employment numbers .
• are good, that could be bad for the stock market. .
• If the employment numbers are really bad, that could be good for the stock market. .
• So we'll have to just wait and see how that works out. .
• But I do need to record this before for .
• those numbers come out or it'll never get published before the market opens. .
• So here we go. .
• Now, I've probably mentioned this several .
• times this week, but this is a holiday shortened week. .
• A lot of people are still on vacation. .
• So however today ends up, I'm not going to take it too seriously. .
• I think everybody will be back at their .
• desks next week and that's where we should really pay attention. .
• And as you can see, the VIX is still .
• treading water here, still trading in the Channel. .
• Yesterday was an inside day. .
• We did see the US dollar index move up yesterday. .
• Of course, corresponding currencies move down. .
• Then we've got bonds. .
• Bonds have been trading in the channel for the past two days, hitting the upper .
• channel line, still on a sell signal, no change there. .
• Then we saw gold move up on Wednesday, .
• tried to hit 1875, pulled back just before that. .
• And there we see gold down yesterday. .
• We still need to close on Friday below 1814.12 to give us a sell signal. .
• We still have crude oil on a Sell signal holding $72 at the moment. .
• Natural gas making a new low yesterday, so no change in direction for natural gas. .
• The Dow diamonds still treading water .
• here, still on a cell signal, no change in trend for the S&P 500 or the Nasdaq 100. .
• And then the Ishares for the TSX 60. .
• Still on a sell signal, no change there. .
• Then looking at the energy sector, .
• canadian energy stock still on a sell signal. .
• It looks like they're trying to find support at Wednesday's lows. .
• Then we've got US energy stocks still haven't broken down below the December .
• lows trading back in the Channel yesterday. .
• Then we're looking at gold miners. .
• The GDX pulled back yesterday, while the .
• Ishares for the TSX Global Gold index actually closed up a penny on the day. .
• Then we're looking at Apple, as we've been talking about Apple for a while now, .
• looking to see if it can hold support at 125. .
• It closed at 125.02. .
• And if we start breaking down below 125, .
• I'm sure a lot of people are going to be expecting it to head down to $100. .
• And then Tesla, tesla has been trading .
• water for the past couple of days, still trading above $100. .
• That's the big area of psychological support. .
• And if you're bullish, of course you're hoping that Tesla holds 100. .
• If you're bearish and looking for it to head to 62. .
• 50. Then you want it to break $100. .
• And last up this morning, Microsoft. .
• Microsoft got clipped the other day. .
• It continued lower on Thursday. .
• So it looks like it wants to head down to retest those November lows. .
• Okay, that's all I want to say for this morning's presentation. .
• Again, employment numbers coming out at 8:30. .
• And of course, the market is going to .
• overreact to whatever the numbers are, whether they're bullish or bearish. .
• And then things will wait till next week .
• before we really see the market head in a particular direction. .
• Have a great day, folks. Have a great weekend. .
• Next time you'll hear my voice is on Sunday. .
• Thank you. .