• Good morning, everyone, and welcome to Wednesday morning. .
• It's Stephen Whiteside here from T .
• heUpTrend.com In the pre-market this morning, things are fairly quiet. .
• Stock index futures are barely above fair value. .
• We do have some economic numbers coming .
• out this morning, and then later in the morning, we have energy inventories. .
• Bitcoin and Ethereum are in the news this morning as they both hit new highs. .
• And of course, the corresponding ETFs are also hitting new highs for this move. .
• Looking at the VIX for the S&P 500, we're .
• looking for a close above 13.67 on Wednesday to give us a buy signal. .
• And for the VIX for the Nasdaq, it's traded above the upper channel line for .
• the past two days, but has not closed above it. .
• We're looking for a close above 17.26 on Wednesday to give us a buy signal. .
• Looking at the major index ETFs from Tuesday's trading action, small pullback .
• in the DOW, small pullback in the S&P 500, and a gain for the NASDAQ 100. .
• So the NASDAQ back up into the middle of .
• the channel, HIP, looking for a close for the triple Qs below $385.68 on Wednesday. .
• That would give us a sell signal for the NASDAQ 100. .
• Now looking at the iShares for the TSX 60, a small gain on Tuesday. .
• It didn't have much to do with gold and gold stocks, which pulled back again. .
• Gold traded down to the lower channel line. .
• A close below $2,027.40 would give us a sell signal on Wednesday. .
• Silver actually ended Tuesday on a sell signal. .
• Now, both those commodities are trading up .
• slightly in the premarket, not enough to change either trend. .
• Then looking at the ETFs, the GLD traded .
• down to the lower channel line yesterday, while the SLV generate a sell signal. .
• Then looking at the stocks themselves, the .
• GDX closed at the upper channel line, as did the XGD. .
• Then the biggest loser was Silver stocks, still closing above the upper channel line .
• and no change in trend for any of those stock ETFs. .
• Now looking at crude oil, new closing low .
• for this move on Tuesday, natural gas traded slightly higher. .
• That's not going to help energy stocks on either side of the border. .
• Looking at the Magnificent Eight, well, .
• four of the eight stocks are still on buy signals. .
• That includes Amazon, Apple, which really led the market higher on Tuesday. .
• Then we've got Shopify on both sides of the border, and Tesla. .
• Those four stocks are still on buy signals at the moment. .
• Let's finish off this morning's .
• presentation, taking a look at the Stock .
• House Bullboards for the Industrial sector. .
• Looking at the industrial index itself, it is on a buy signal right now, had a big .
• pop last Friday, and hasn't seen a lot of follow-through since then. .
• Looking at Pyrogenesis, we're still on a .
• sell signal here that would change on Wednesday with a close above 50 cents. .
• Then looking at Bombardier, we're still on a sell signal that would change on .
• Wednesday with a close above $60.17, sense. .
• Then looking at Exro Technologies, we're on a buy signal right now, but trading in .
• the channel, so a close below $1.36 would give us a sell signal on Wednesday. .
• It does not look like the pros want to .
• take control at the moment, so I'm not sure how long this buy signal will hold. .
• Then looking at Xtract One Technologies, .
• we are back on a sell signal as of Tuesday's close. .
• Now, scanning through the TSX Industrial's .
• Index, there are some stocks that are doing well at the moment. .
• Stantec, Thomson Reuters, and Russell .
• Metals are all doing well coming into Wednesday's trading action. .
• Okay, folks, that is all for this morning's presentation. .
• So far, it looks like we're going to have a quiet open on Wednesday morning. .
• Enjoy the rest of your day. .
• Next time you'll hear my voice, is on Thursday morning. .