In today’s market outlook, Stephen Whiteside reviews the growing divergence between U.S. and Canadian markets as commodity weakness weighs on the TSX while semiconductor-driven momentum lifts American indexes higher. The S&P 500 and NASDAQ continue advancing toward key resistance levels, supported by strong gains in chipmakers like Micron and AMD. Meanwhile, the VIX remains subdued, signaling that market participants are still favoring risk assets despite concerns about broader market sentiment.
The presentation also focuses on tactical market positioning across Bitcoin, bonds, commodities, and sector leadership. Bitcoin and Ethereum remain stuck below resistance levels with limited buying interest, while crude oil, natural gas, gold, and silver continue to weaken. Whiteside reinforces his trend-following strategy by encouraging investors to prioritize stocks trading above the FlyPaper Channel, emphasizing that leadership and momentum remain critical factors when selecting trading opportunities in an all-time-high market environment.
Stephen Whiteside
Wednesday, May 27, 2026
