• 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 currently above fair value. .
• Commodities are mixed with crude oil .
• slightly lower, while gold is slightly higher. .
• Now, we do have a lot of economic numbers coming up this morning, including US .
• jobless claims that could certainly change the direction of the market. .
• But so far, it looks like the market wants to do some buying. .
• Now, the VIX is still on a buy signal, and .
• there's lots of reasons for that while there's still stress in the market. .
• At the same time, semiconductors are still leading the market higher. .
• The Dow is still on a sell signal. .
• The S&P 500 and Nasdaq are still on buy signals here. .
• Not much changed on Wednesday. .
• We've got Apple and Tesla still making lower lows. .
• We still have meta on a buy signal. .
• That hasn't changed. .
• Nvidia continuing to move higher. .
• It looks like they may want to take NVIDIA right up to $1,000. .
• And Super Micro made a new closing high on Wednesday. .
• Now moving on to the Canadian stock market. .
• The TSX hitting new highs yesterday. .
• Everything's working at the moment. .
• We've got the TSX, the TSX 60, mid-caps, .
• small caps, and microcaps, all ranked at 10 at the moment. .
• It is the energy sector that's leading the .
• Canadian market higher at the moment, and financials are doing very well. .
• We've got the income trust back up at the .
• previous highs, and we've got industrials have been rocking for quite a while now. .
• They had a slight pullback yesterday, but still on a buy signal, no change. .
• What's not working, the telecom stocks are the weakest at the moment. .
• Now, if we look at what happened .
• yesterday, it was materials that led the market higher up over 1%. .
• Healthcare, real estate, and the industrials were on the losing side. .
• In the material sector, Lithium Americas, .
• the Argentina version was up over 10%, and then its sister company was up over 7%, .
• and then looking at goals, IAMGold was up over 6% on the day. .
• Now, if we look at the most actives, we do not have any trend changes here. .
• Suncor is still doing very well. .
• No change there. .
• No change for Canadian Natural Resources. .
• Manulife has been in the channel for the past couple of days. .
• A close below 32,17 on Thursday would give us a new daily sell signal for Manulife. .
• Bayex has been on a sell signal for a few days now. .
• No change there. .
• No change for Cenovus. .
• Inside day for Kinross on Wednesday. .
• No change for Bitfarm. .
• Then we've got Tamarack making a new high for this move. .
• We've got Athabasca making a new high for this move. .
• So no changes in any of those stocks. .
• And then we've got Barrick making a new high for this move on Wednesday. .
• Looking at the commodities, starting off .
• with the miners, we've got copper up on the day yesterday. .
• We've got gold moving higher. .
• We've got silver moving higher, .
• and we can see the iShares for the TSX Global Gold ETF making a A new high for .
• this move, starting to break out above the high from a month ago, but did not .
• close above that level yesterday, so that is still acting as resistance. .
• And then next up, let's look at the energy sector. .
• We had crude oil up on the day yesterday, trying to make a new high for this move. .
• Slight pullback this morning, natural gas .
• still on a buy signal, small pullback yesterday. .
• And then looking at the energy index .
• itself, as we saw earlier, it made a new high on Wednesday. .
• So it is the energy sector leading the Canadian market higher. .
• Okay, folks, that is all I wanted to cover this morning. .
• As you can see, no major trend changes from Wednesday's trading activity. .
• Again, we have US jobless claims coming out later this morning that could .
• certainly change the direction of the market. .
• But so far, things look pretty positive. .
• Have a great day, folks. .
• Next time you'll hear my voice is on Friday morning. .