S&P 500, Nasdaq & TSX: Key Levels Traders Need to Watch
The market begins the week without major signs of stress, with the fear index on a sell signal across the S&P 500, Nasdaq and Russell. Major index ETFs are sitting near recent highs after Wednesday’s bearish reversal, making breakouts the key levels to watch. The S&P 500, Nasdaq 100, Dow and broader market all have higher mathematical targets if their recent highs are exceeded. Commodities also remain an important area of strength, particularly precious metals and their mining stocks.
The individual-stock picture is more selective. B2Gold delivered a powerful move higher, while Barrick, Equinox and other gold-related stocks continue to show strength. SpaceX rebounded sharply and could see further upside if Monday provides follow-through, while NVIDIA and Palantir are approaching key targets. Semiconductor stocks remain on buy signals, but professional investors have not yet taken control, creating a reason for caution. The key message is to follow the trend while waiting for confirmation at important resistance levels.
