In this weekend’s “Protect Your Portfolio” update, Stephen Whiteside from TheUpTrend.com outlines expectations for a holiday-shortened trading week, shaped by bullish seasonal forces such as month-end, quarter-end, and national holidays in Canada and the U.S. He notes that although a June spike in the VIX was anticipated, market volatility remained muted, with equities hitting new all-time highs. Seasonal trends suggest July could be strong, but Stephen warns that 100% seasonal win rates often mask drawdowns and volatility during trades.
Stephen reviews key U.S. and Canadian market indices, highlighting bullish price targets for the S&P 500, NASDAQ, and TSX, while noting weakness in sectors like energy and gold. He analyzes VIX behavior on daily and weekly charts, confirms continued strength in semiconductors and financials, and discusses commodity performance—particularly crude oil’s sharp decline and gold’s recent pullback. He closes with a reminder of ongoing geopolitical risks and the weakening U.S. dollar, setting the tone for cautious optimism heading into July.
Stephen Whiteside
Sunday, June 29, 2025
