Markets are poised for a higher open on Thursday after futures recovered part of Wednesday’s post-Federal Reserve losses, with the NASDAQ leading the rebound. However, weakness in crude oil and gold could weigh on Canadian equities, while upcoming U.S. jobless claims data has the potential to shift market direction before the opening bell. Despite Wednesday’s volatility, the major U.S. indexes traded back into their channels and avoided generating new sell signals.
Sector performance was broadly negative, with several U.S. sectors moving back onto sell signals while Canadian financials remained a standout strength, reaching new highs. The update also highlighted key technical levels across major stocks, including NVIDIA, Shopify, Tesla, and Meta. Investors were advised to review any new sell signals before acting, as stronger pre-market trading could invalidate some of Wednesday’s bearish signals.
Stephen Whiteside
Thursday, June 18, 2026
