U.S. stock index futures pointed to a weaker open as the S&P 500 and NASDAQ remained under pressure while the Dow gave back earlier gains. With jobless claims and retail sales data due before the opening bell, investors were preparing for potential volatility. Weakness continued in semiconductor stocks, while SpaceX extended its decline toward its IPO price, raising concerns that key support may soon fail.
The video also highlights the importance of disciplined profit-taking using predefined price targets, using IBM and PayPal as examples. Strength remains concentrated in the banking sector, where Canadian and most U.S. banks continue to trade on buy signals after significant advances from spring lows. While bank stocks remain constructive, the presenter suggests they may now be better suited for long-term investors seeking dividends rather than active traders pursuing high volatility.
Stephen Whiteside
Thursday, July 16, 2026
