• Happy Friday everyone. .
• It's Stephen Whiteside here from theuptrend.com in the pre market this .
• morning, stock index futures are above fair value. .
• We also have commodities trading higher in the pre market. .
• So so far it looks like we're going to see some buying at the Open on Friday morning. .
• While yesterday's trading action tells us that the market has really shrugged off .
• everything the Fed had to say on Wednesday. .
• The VIX had a quiet day on Thursday. .
• Looking for a close on Friday above 15.29. Big drop in the US dollar on Thursday. .
• Big gain in the euro and the Canadian dollar made a new high for this move. .
• So lots of movement in global currencies. .
• Now what worked yesterday? .
• Well, the Dow, which was the big loser on Wednesday, was the big winner on Thursday .
• and it was led higher by Microsoft making a new high on Thursday. .
• Then we had the S&P 500 followed by the Nasdaq. .
• So the Nasdaq did not lead us higher on Thursday. .
• The world is still focused on AI and C3AI made a new high on Thursday. .
• Then looking at Apple. .
• Apple also put in a new high. .
• I am still long. .
• Apple with a partial position. .
• Then looking at the Canadian market, very quiet day for the Ishares for the TSX 60. .
• We closed higher on the day while having an inside day. .
• So a day of indecision. .
• The Canadian market was led higher by .
• energy which is still trading in the channel. .
• It was an inside day for the energy sector. .
• So we're still on a buy signal here. .
• A lot of interest in energy on Thursday with natural gas shooting higher. .
• It is higher again in the pre market this morning. .
• So Nat Gas back on a buy signal that can help the energy sector. .
• Financials also held up fairly well on Thursday. .
• Both financials and the banks themselves. .
• We're still dealing with a lot of open gaps. .
• You'll see that in a second. .
• Manulife actually rolled over on Thursday. .
• So while the rest of the financial sector .
• was going higher, manualife is back on a sell signal. .
• TD bank was up. .
• It is trading up into the open gap there .
• and we'll have to see if we can break through so far we've been on a buy signal .
• for five days now and the pros still have not taken control. .
• So that's a little bit of a concern, but .
• certainly there's no evidence of selling so far, but we do want the pros to come .
• back and take control to get these stocks back on track. .
• Okay folks, that is all for this morning's presentation. .
• There wasn't a lot new that happened on Thursday. .
• Lots of movement in the currency market. .
• Otherwise the stock market is still going higher and still extremely overbought. .
• Right now it's very dangerous to take on new positions. .
• But while I say that the market is still .
• going higher and that is the fact, we have to deal with. .
• Enjoy the rest of your day. .
• Enjoy your weekend. .
• Next time you'll hear my voice is on Sunday. .