In today’s Friday morning market update, Stephen Whiteside reviews the generally bullish pre-market conditions heading into a long weekend, despite unusually light trading volume and technical issues affecting futures data. He highlights the week’s declining volume across major ETFs, notes Oracle’s early weakness, and discusses sector performance for 2025—particularly the strength in gold stocks and continued pressure in U.S. transports and consumer staples. He also explains how various indices have interacted with key moving averages, with many finding support at the 50- or 100-day levels, while Bitcoin continues to struggle below its averages.
On the weekly charts, the major U.S. indices show strong gains, with the Nasdaq 100 up over 4%, semiconductors up 7.7%, and the VIX down over 25%. The Canadian market continues to outperform, led by gold stocks, which are up nearly 10% for the week. Whiteside cautions viewers not to over-interpret the week’s bullish action due to thin holiday volume and reminds them of office closures Monday and Tuesday. He concludes by encouraging viewers to like, comment, and subscribe for more stock market timing insights.
Stephen Whiteside
Friday, November 28, 2025
00:00 — Pre-Market Overview
00:11 — Futures Outage & Early Market Moves
00:25 — S&P 500 & Nasdaq Pre-Market Strength
00:41 — Oracle Weakness in Pre-Market
00:49 — Light Volume Ahead of Long Weekend
01:13 — Nasdaq Volume Decline
01:32 — TSX-60 Volume Decline
01:49 — Profit-Taking Risk Next Week
02:07 — Black Friday Sale & Mailing Notice
02:23 — Office Closure Announcement
02:33 — 2025 Performance Overview
02:49 — Gold Sector Leading in Canada
03:15 — US Sectors Lagging: Transports & Staples
03:32 — Moving Averages as Support & Resistance
03:58 — Consumer Staples Trend Lower
04:23 — Consumer Discretionary Bounce
04:39 — 200-Day Moving Average Significance
04:58 — More Canadian Stocks Above 200-Day
05:17 — TSX-60 Strength vs. US Markets
05:32 — Indices Testing 100-Day Moving Average
05:57 — Bitcoin Below All Moving Averages
06:12 — Russell 2000 Tests 200-Day Support
06:29 — Weekly Chart Review
06:40 — Strong Weekly Gains in US Markets
07:04 — Semiconductors, VIX & TSX Weekly Moves
07:35 — Gold, Oil & Gas Weekly Performance
07:51 — Closing Remarks & Market Outlook
08:02 — Weekend Schedule
