NASDAQ Buy Signal Returns as Major Market Trends Diverge
U.S. markets are showing mixed signals heading into Friday, with NASDAQ futures leading modestly higher while the VIX remains in its trading channel. The Dow could generate a new weekly sell signal, while the Russell 2000 and semiconductors remain on weekly sell signals. In Canada, financials and banks generated new buy signals, while energy stocks continued to outperform. Gold remains neutral, crude oil reached a new weekly high, and bonds recovered after recently making new lows.
The NASDAQ 100 returned to a daily buy signal, but the broader market still needs to prove that the recent bearish pattern is ending. Several stocks generated new buy signals, but the analysis emphasizes that signals should be taken only in stocks being actively followed rather than selected randomly. The FlyPaper Channel remains an important reference for support and resistance, while BWET is being watched as a potential indicator of changing crude-oil shipping costs and a possible future shift in the energy market.
Stephen Whiteside
Friday, September 18, 2026
