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Markets are looking to stabilize midweek after a sharp reversal, with buying interest returning across futures, commodities, and crypto. NVIDIA earnings dominate the focus, as the stock sits on a buy signal but faces overhead resistance. AMD shows upside potential toward a gap target, while Workday breaks below projected support levels, pointing to further downside risk.

Canada’s TSX hit a record close, supported in part by the energy sector, though enthusiasm appears to be slowing. Several major Canadian energy stocks are trading near upper projected targets and panic zone extremes, suggesting higher risk conditions. With volatility indicators still on buy signals, traders are watching key channel levels closely.

Stephen Whiteside
Wednesday, February 25, 2026

In Tuesday’s Morning Market Outlook, Stephen Whiteside reviews pre-market activity showing stock index futures and crude oil higher, while gold and Bitcoin trade lower. Bitcoin dropped roughly $3,000 overnight. Monday’s session saw strength in metal-related sectors including gold, silver, copper, and mining stocks, while crypto, software, cybersecurity, digital payments, banks, and cloud stocks led the market lower. Despite selling pressure, the VIX did not spike aggressively.

Crude oil is testing key resistance near 64.06, with 65.63 as the next upside target. Gold and silver are back on buy signals, while copper remains on a sell signal. U.S. markets continue to show weakness, with the Dow and S&P 500 on sell signals and financials making new lows. In contrast, Canadian markets remain relatively strong, with the TSX-60 hitting new highs and gold stocks leading gains.

Stephen Whiteside
Tuesday, February 24, 2026

Stock index futures are lower to start the week, while commodities are moving higher. Gold is up sharply in the pre-market, cryptocurrencies are trading lower, and the VIX remains on buy signals—showing continued concern among options traders. Bitcoin and Ethereum remain on sell signals, with potential downside targets still in play. Crypto-related stocks may see short-covering rallies, but sustained upside would require stronger crypto price action.

Energy stocks saw a modest pullback, while crude oil approaches major resistance levels. Natural gas and silver remain highly volatile, with silver currently exceeding natural gas in daily volatility. Gold and silver miners are on buy signals, and several U.S. and Canadian sectors—including materials, utilities, telecom, and industrials—remain constructive. With major earnings ahead, including Canadian banks and Nvidia, the week could bring increased volatility.

Stephen Whiteside
Monday, February 23, 2026

Friday’s market outlook highlights a subdued open with futures slightly lower as traders await economic releases. U.S. markets show mixed signals: the S&P 500 modestly positive on the week but under technical pressure, the NASDAQ 100 on a weekly sell signal, and the VIX elevated, signaling continued caution. Commodities diverge, with crude oil slightly lower pre-market while gold and Bitcoin trade higher.

Canada’s TSX outperforms, driven by strong energy stocks and gains in gold equities. Select ARK ETFs have generated new buy signals with structured exit targets. Financials remain under pressure, while semiconductors and small caps hold buy signals. The Magnificent Seven show limited momentum, with Nvidia holding a buy signal and Tesla consolidating. Markets remain data-dependent heading into Friday’s open.

Stephen Whiteside
Friday, February 20, 2026

In Thursday’s pre-market update, stock index futures are lower, with the NASDAQ leading the decline and Walmart weighing on the Dow. Bitcoin is down, gold remains on a sell signal, and crude oil is up modestly. Wednesday saw U.S. markets trade higher into resistance channels while volatility declined.

Energy stocks dominated performance, especially in Canada where multiple large-cap names hit new highs. Technology showed selective strength, including NVIDIA testing resistance, while several major stocks and ETFs continue to hold existing trend signals. Overall, markets remain technically steady despite short-term fluctuations.

Stephen Whiteside
Thursday, February 19, 2026

Stephen Whiteside’s February 18th market outlook highlights mixed pre-market strength in equities and commodities alongside continued weakness in Bitcoin. The VIX is not following normal seasonal patterns and may expand into March, suggesting increased volatility ahead. The S&P 500 is holding support at the 100-day moving average, while the Nasdaq has broken lower toward its 200-day, signaling broader technical deterioration in growth stocks.

Commodities such as copper, gold, silver, and crude oil are under pressure, though energy stocks remain relatively strong. Bitcoin remains in a confirmed downtrend, with potential risk toward $50,000 if recent lows break. Bear ETFs continue to outperform, and crypto-related equities could see short-covering bounces. Technology-focused ARC ETFs remain out of favor, with most still on sell signals.

Stephen Whiteside
Wednesday, February 18, 2026

In Tuesday’s morning market outlook, Stephen Whiteside reviews pre-market conditions showing mild weakness in stock index futures and gold, strength in crude oil, and a flat open for Bitcoin. He explains how average true range helps investors judge whether pre-market moves are meaningful or simply normal volatility. The Nasdaq 100 has triggered a new weekly sell signal and is now negative for 2026 after closing below its lower channel line, with continued weakness in software stocks pressuring both U.S. and Canadian tech. Meanwhile, bonds are strengthening as the S&P 500 shows signs of divergence versus its equal-weighted version, and volatility indexes continue trending higher.

Sector performance highlights defensive strength in utilities and materials, while communication services lag. Financials remain under pressure due to broker dealers and insurance stocks rather than banks. Key individual names discussed include NVIDIA, Amazon, Apple, and Enbridge. In Canada, the TSX-60 and broader ETFs bounced off support but remain vulnerable to sell signals if recent lows break. Overall, the tone remains cautious, with rising volatility and weakening leadership suggesting increased downside risk.

Stephen Whiteside
Tuesday, February 17, 2026

In this Friday market update ahead of a three-day long weekend, Stephen Whiteside reviews weakening pre-market conditions despite the historically bullish setup. Stock index futures, crude oil, and Bitcoin are trading lower, while gold is slightly higher. On the weekly charts, the VIX remains on a buy signal for a second week, indicating longer-term bearish pressure. The Dow has pulled back modestly, transports failed to break above 20,000 due to sharp declines in select stocks, and the S&P 500 and Nasdaq are testing key lower channel support levels.

Daily charts confirm growing downside momentum, with the S&P 500, Nasdaq, Russell 2000, microcaps, and banking sector all back on sell signals. Several notable stocks posted sharp declines, and multiple commodity ETFs are weakening, including crude oil and gasoline. Gold is attempting to hold support, while silver and other metals remain under pressure. Bitcoin and Ethereum are also trending lower. Despite the seasonal expectation of strength, current technical signals suggest caution heading into the long weekend.

Stephen Whiteside

Friday, February 13, 2026

Stephen Whiteside reviews Thursday’s pre-market action, noting stock index futures and Bitcoin trading above fair value while gold and crude oil are lower. Energy stocks in both Toronto and New York hit upside price targets, while metals remain in holding patterns with gold, silver, and platinum still lacking confirmed breakouts. Bitcoin and Ethereum show minor pre-market strength, but no trend changes are expected. Meanwhile, the VIX remains elevated even as the Dow makes new highs, signaling continued concern among options traders.

In Canada, Shopify caused major volatility, reversing sharply after testing resistance, impacting the TSX and technology ETFs. Financials pulled back but remain above key levels. In the U.S., major indices continue struggling with significant resistance levels—S&P 500 near 7,000, Nasdaq near 617, and Dow Transports at 20,000. Several high-profile stocks including NVIDIA and Amazon remain stuck at key psychological levels. Elevated volatility persists, with traders cautious despite attempts at upward momentum.

Stephen Whiteside
Thursday, February 12, 2026

In Wednesday’s pre-market update, Stephen Whiteside reports stock index futures and commodities trading above fair value, with gold and crude oil higher while Bitcoin trades lower. Despite elevated fear index readings across the S&P 500, Nasdaq, and Russell 2000, major indices continue forming higher highs and higher lows. The Dow reached a new all-time high, though the broader market focus remains on the S&P 500 and Nasdaq 100, which are still on sell signals. Upcoming job numbers could shift early market direction.

In sector action, Bitcoin-related stocks show mixed interest, while gold has generated a buy signal and silver may follow. Energy and financial stocks are helping lead the market, with the TSX expected to hit new highs supported by strength in Shopify, gold, and crude oil. U.S. markets show strength in the Dow and equal-weighted indices, while real estate and homebuilders were standout performers. Investors are advised to watch trend signals closely as market timing remains crucial.

Stephen Whiteside

Wednesday, February 11, 2026