• Good morning, everyone, and welcome to Thursday morning. .
• It's Stephen Whiteside here from theuptrend.com in the pre market this .
• morning, stock index futures are below fair value. .
• Dow futures currently down 130 points. .
• At the same time, we do have commodities trading higher on Thursday morning. .
• Now we do have some employment numbers coming out this morning at 830. .
• That could add to the pre market volatility. .
• Yesterday was a fairly quiet day for the market. .
• It is a holiday shortened week. .
• A lot of people are off at the moment. .
• I guess the biggest news item from .
• Wednesday's trading action was interest rates. .
• Bond yields continued to move higher, making a new high for this move. .
• The VIX is still on a sell signal that's supportive for higher stock prices. .
• That would change on Thursday with a close .
• above $14.15. Small pullback in the Dow yesterday, the SP 500, the Nasdaq. .
• Bigger pullback for the Chip sector down over 2%. .
• Still on a buy signal here. .
• That would change on Thursday with a close .
• below 213 78, and a small pullback, a little over half a percent for the TSX. .
• Looking at the most actively traded US. .
• Stocks from Wednesday's trading action, we won't see any trend changes here. .
• Tesla had a fairly quiet trading day. .
• Inside day for Tesla, new high for Rivian on Wednesday, inside day for Neo. .
• Carnival made a new high on Wednesday. .
• And then we had a new high for Lucid, .
• filling the open gap from back in late May. .
• We'll have to see if we can push through that. .
• Then looking at Ford new closing high. .
• Advanced Micro Devices trading in the .
• channel, looking for a close above 115 .63 on Thursday to give us a buy signal. .
• Small pullback for Apple, still trading above the upper channel line. .
• Marathon digital new high on Wednesday. .
• Then we've got Palantir, which is back on a buy signal. .
• Things would change for Palantir on Thursday with a close below 1470. .
• Next up, let's take a look at the TSX most actives from Wednesday's trading action. .
• Again, no trend changes here. .
• We had a small pullback for the TD Bank, a .
• bigger pullback for the Bank of Nova Scotia. .
• Then we've got TC Energy back in the channel. .
• We get a new sell signal for TC Energy with a close below 52 31 on Thursday. .
• Enbridge, we're looking for a close below 48 57. .
• Canadian Natural Resources still trading, .
• closing above the upper channel line, Hut 8. .
• Making a new closing high for this move. .
• Then we've got Manualife trading back in the channel. .
• Things would change for Manualife on .
• Thursday with a close below 24.60. Then we had an inside day for Crescent Point. .
• We've got Algonquin Power on a buy signal right now. .
• Things would change for Algonquin Power with a close below 10.77 on Thursday. .
• Then Osisko , which was the biggest losing stock on the TSX yesterday, came down .
• sharply, closed down nearly 10% on the day. .
• So some surprising news there that shocked .
• investors looking at a couple of other gold stocks. .
• So we've got Barrack and Igniko Eagle still on buy signals here. .
• Things would change for Barrick on .
• Thursday with a close below 21.74. And for Agnico Eagle, we're looking for a close .
• below 64.60 in the pre market this morning. .
• We've got gold trading up $4. .
• But if the stock market wants to roll .
• over, that doesn't guarantee that gold stocks will go higher. .
• Speaking of gold, let's take a look at commodities. .
• We had crude oil higher yesterday. .
• Remember, we're trying to give crude oil a lot more room than normal. .
• The pros and the public still intertwined. .
• So no really new interest in crude oil at the moment. .
• It is trading higher in the pre market this morning. .
• Gasoline still on a buy signal, no change there. .
• Natural gas still on a buy signal as well, .
• but that would change on Thursday with a close below 704. .
• We've got the GLD still on a sell signal that would change on Thursday with a close .
• above 179.28, which would join silver already on a buy signal. .
• No change in trend for palladium or platinum. .
• And there's Silver back on a buy signal as of Wednesday's close. .
• And we've got a nice big gap above us that we could possibly fill. .
• Okay, that is all for Thursday morning's presentation. .
• Not a lot of new signals from Wednesday's trading action. .
• Looks like Volatility may start to expand .
• this morning after those employment numbers come out at 830. .
• Have a great day. .
• Next time you'll hear my voice is on Friday morning. .