• Good morning, everyone. Welcome to Friday morning. .
• It's Stephen Whiteside here from theuptrend.com in the pre market. .
• This morning we've got bank earnings out, .
• and JPMorgan trading higher is helping the Dow, which is currently up 140 points. .
• Otherwise the rest of the market is fairly flat. .
• So we've got earnings out from JPMorgan, from Wells Fargo, and from Citigroup. .
• They're all positive. .
• Wells Fargo is the up, the most in percentage terms in the pre market. .
• But all three stocks are trading higher now. .
• The US dollar index continued to move lower yesterday. .
• We had a nice big move up in silver stocks. .
• Once again, they led the North American markets higher. .
• And there's the price of silver jetting .
• out above the June high, heading towards the highs from back in May. .
• Looking at the VIX, second day of a sell signal here was up slightly on the day. .
• A close above $15.02 on Friday would certainly be a wake up call. .
• There's the Ishares for the TSX 60 moving .
• up to the previous high on the back of rising commodity prices. .
• Then we've got an inside day for the Dow. .
• So the Dow may have put in a double top. .
• We'll just have to wait and see. .
• It is trading higher in the pre market this morning. .
• S&P 500 made a new high yesterday. .
• Looking for a move up to 453 13. .
• That's our next target. .
• And for the triple Q's, we're looking for a move up to 390 63. .
• If we can break away from 375, looks like we're still stuck at that level. .
• Then looking at semiconductors, next target is 237 50. .
• Now looking at the TSX most actives. .
• Nice big move up for Hut 8 yesterday, it was most actively traded stock. .
• Canadian Natural Resources making a new high. .
• Then we've got Enbridge back on a buy signal. .
• New high for TD Bank, breaking out above the May highs. .
• Then TC Energy still waiting for a buy .
• signal there athabasca trading up at the highs from back in April. .
• Then looking at the Royal Bank, a new high for this move. .
• We saw Cenovus dip into the channel and then ended the day closing higher. .
• Then looking at Suncor trading right down to the lower channel line yesterday, but .
• coming back, closing at the upper channel line. .
• So a close below 38.43 would give us a sell signal on Thursday. .
• Then looking at Bit farms. .
• New high for Bitfarms from Thursday's trading action. .
• Looking at the US most active. .
• And right at the top of the list is Tesla. .
• Once again having another very quiet day. .
• Then looking at Rivian, we reversed after making a new high. .
• Then looking at Marathon, a new high for Marathon, new high for Coinbase. .
• Yesterday, a nice big update. .
• Then Amazon second day of a buy signal, making a new high reversal day for Neo. .
• You can see it shows up on the nightly reports as a bearish reversal day. .
• Still way above the upper channel line. .
• So not overly concerned then looking at .
• palantir trading up at the previous highs before pulling back. .
• Looks like all the bitcoin related stocks did very well on Thursday. .
• There's Riot up just under 15% on the day. .
• Lucid does pulled back over the past couple of days looking for a close on .
• Friday below 6.94 to give us a sell signal. .
• And then there's Ford. .
• Ford sitting at the upper channel line. .
• A close below 14.85 would give us a sell signal on Friday. .
• Okay folks, that is all for this morning's presentation so far. .
• It looks like we're going to have a fairly quiet open at 930 Friday morning. .
• The next time you'll hear my voice is on Sunday. .
• Have a great day, have a great weekend and we'll talk to you again soon. .