In this morning’s market update, Stephen Whiteside reviews the pre-market action, highlighting strength in stock index futures, gold, and key tech names such as Alphabet, Meta, and Tesla, while Nvidia continues to weaken. He notes the market’s seasonal bullish bias around U.S. Thanksgiving, though low volume and limited activity are expected as many traders take time off. Economic data releases, including jobless claims and new home sales, are also expected to influence the pre-market environment.
Stephen emphasizes the ongoing disconnect between the U.S. economy and the stock market, with consumer confidence continuing to decline even as major tech stocks support index strength. He provides detailed technical analysis of the VIX, the Magnificent Seven, and Bitcoin, noting several potential or recent buy signals. He concludes with reminders about TheUptrend’s Black Friday sale and upcoming holiday schedule.
Stephen Whiteside
Wednesday, November 26, 2025
0:00 Introduction & Pre-Market Overview
0:20 Nvidia Down, Alphabet Leading
0:40 Tesla & Meta Buy Signal Setup
1:00 Economic Reports & Crude Inventory
1:20 Holiday Week Bullish Bias
1:45 Low Volume & Quiet Trading Expected
2:05 Black Friday Sale Announcement
2:30 Holiday Schedule & Office Closure
2:55 Economy vs. Stock Market Disconnect
3:20 Consumer Confidence Breakdown
3:55 VIX Back on Sell Signals
4:20 Magnificent Seven Trends
5:05 Nvidia Support Levels
5:35 Tesla Approaching Buy Signal
5:55 Broadcom Target Levels
6:20 Shopify Buy Signal
6:35 Bitcoin Inside Day
7:00 Hut 8 Buy Signal Potential
7:15 Market Outlook for Today
7:40 Thursday/Friday Market Plans
