Stephen Whiteside reviews the weekly market picture heading into Friday by analyzing longer-term charts for major asset classes and indexes. Commodities remain under pressure, with crude oil, gold, and silver all posting significant weekly declines. Despite commodity weakness, the TSX continues to outperform while the S&P 500 is nearing a potential weekly sell signal. The NASDAQ and semiconductor sector remain comparatively stronger, although NVIDIA is approaching a weekly sell signal after falling back below the $200 level. Meanwhile, the VIX is strengthening, signaling increasing market caution.
The video also examines the previous trading session, highlighting how Micron earnings initially boosted markets before Apple reversed sentiment with a sharp decline. Stephen reviews notable winners and losers across U.S. and Canadian markets, discusses downside price targets for NVIDIA, Bitcoin, and Ethereum, and explains why a confirmed breakout in the VIX would strengthen the bearish outlook. He concludes by noting continued weakness in technology stocks while encouraging viewers to monitor trend changes heading into the weekend.
Stephen Whiteside
Friday, June 26, 2026
