In this weekend’s Protect Your Portfolio update, Stephen Whiteside addresses a recent technical issue affecting Canadian data on TheUpTrend.com and confirms it’s been resolved. He highlights that Week 26 will likely see increased market volatility following US attacks on Iran, which may spike crude oil prices if Iran blocks the Strait of Hormuz. Energy stocks and crude oil positions remain strong, while the VIX is on a daily buy signal with potential for more upside.
Stephen also reviews the strength in the Canadian market, supported by rising commodities, and notes early warning signals but no immediate sell triggers. The US market, however, struggles to break resistance levels, with bearish reversals persisting for the NASDAQ 100 and several big tech names back on sell signals. He wraps up by checking futures Sunday night, which show mild declines for equity markets and gains for gold and crude oil ahead of Monday’s open.
Stephen Whiteside
Sunday June 22, 2025
