• Good morning everyone, and welcome to Thursday morning. .
• It's Stephen Whiteside here from the uptrend.com. In the pre market this .
• morning, stock index futures and commodities are mixed. .
• We've got the Nasdaq futures trading lower .
• while we've got gold trading higher on Thursday morning. .
• While yesterday we saw the VIX continue to move higher, hasn't taken out the recent .
• high, but it closed above the upper channel line. .
• So we are back on a buy signal that of course is negative for stocks. .
• North American markets were led lower yesterday by US Retail, followed by US .
• Regional Banking and then Semiconductors which gapped lower. .
• Then looking at the Dow, it is still on a buy signal. .
• That would change on Thursday with a close below 373.09. .
• Then the S&P 500 is back on a sell signal, .
• joining the Nasdaq already on a sell signal. .
• And then we saw aggressive selling in mid .
• cap, small cap and micro cap stocks on Wednesday. .
• Now the energy sector had a huge intraday reversal on Wednesday. .
• Crude oil made a new low before reversing and closing higher on the day, joining .
• natural gas which also moved up on the day. .
• And it was the TSX Energy Sector that led .
• the North American markets higher on Wednesday. .
• It actually did that on the previous day .
• and we got that nice big pop yesterday and traded above the open gap. .
• So that open gap is no longer an area of resistance. .
• Now the ishares for the TSX 60 were down .
• slightly, still closing above the upper trend line. .
• Things would change on Thursday with a .
• close below $31.63. Now gold rolled over on Wednesday down over $30. .
• And that joining silver which was already on a sell signal. .
• And we saw gold and silver stocks continue to move lower on both sides of the border .
• whether you're looking at the GDX or the XGD. .
• Now looking at the most actively traded canadian stocks. .
• Number one was the TD Bank, still closing at the upper channel line. .
• Then we had a huge update for Suncor on Wednesday. .
• We saw First Quantum continue to move higher up another 11%. .
• Then we've got TC Energy back on a buy signal as of Wednesday's close. .
• And we've got Baytex back on a buy signal as of Wednesday's close. .
• Looking at the US most actives, we saw Tesla continue to move lower on Wednesday. .
• Marathon dipped below the lower channel line before reversing. .
• Then we had SoFI big down day there closing down nearly 14% on the day. .
• Then we've got Ford back on a sell signal and we've got Advanced Micro Devices .
• already on a sell signal continuing to move lower on Wednesday. .
• Okay, folks, that is all for this morning's presentation. .
• It looks like we're going to have a mixed .
• open on Thursday, waiting for the rest of the market to continue to roll over. .
• Enjoy the rest of your day. .
• Next time you'll hear my voice is on Friday morning. .