Category: Uncategorized

TSX Surges While U.S. Markets Remain Technically Weak

U.S. stock index futures were mixed heading into Wednesday, while commodities moved lower, with crude oil continuing to decline and gold slipping modestly. Several key signals remained unchanged: the USO and gasoline ETFs returned to sell signals, Canadian energy stocks generated sell signals, and U.S. energy stocks were close to doing the same. Bonds continued to strengthen as yields moved lower, while the Canadian TSX advanced sharply on strength in financials and base metals.

Gold and silver stocks remained among the strongest areas, with gold stocks up nearly 40% over the past month and silver stocks up more than 36%. The key takeaway is to protect gains rather than chase extended moves; partial profit-taking is recommended, particularly in leveraged ETFs. In the U.S., the Dow approached its upper channel but remained without a buy signal, while the S&P 500, Nasdaq and semiconductors remained below their lower channel lines. NVIDIA earnings are the major event ahead, while individual stocks such as Bank of Nova Scotia and B2Gold have also produced significant recent gains.

Stephen Whiteside
Wednesday, August 26, 2026

Market Alert: Nvidia Falls as Stocks Struggle to Find Support

U.S. stock index futures are pointing to a higher open Tuesday, but the move is not large enough to change the current market trends. The S&P 500, Nasdaq, Russell 2000, and Canadian TSX 60 remain under pressure, while the VIX is elevated and on a buy signal. Consumer staples and financials were among Monday’s stronger sectors, while technology, energy, and semiconductors weakened. Nvidia had a particularly difficult session and could be heading toward the $200 level.

Commodity and fixed-income markets remain important to watch. Crude oil is moving lower again, potentially weighing on Canadian stocks, while gold continues to advance and gold stocks remain strong. U.S. bonds have stabilized after last week’s weakness, with TLT on a buy signal and Canadian bonds approaching a new buy signal. The overall message is that Tuesday’s expected higher opening does not yet signal a change in direction, making existing technical signals and trend levels especially important.

Stephen Whiteside
Tuesday, August 25, 2026

Stock Market Outlook: New Sell Signals Hit the Major Indexes

U.S. stock markets are attempting to rebound Friday morning after a sharp selloff on Thursday, with Nasdaq futures leading higher. However, the broader weekly picture remains weak: the S&P 500, Nasdaq 100 and Russell 2000 are all down more than 2% for the week, while new daily sell signals have appeared for the S&P 500, Russell 2000, micro caps and several other ETFs. The VIX remains on a weekly sell signal, while bond-market volatility and higher yields continue to be important areas to watch.

There are significant differences beneath the market averages. Financial stocks and major retailers such as Walmart and Costco remain under pressure, while energy, gold stocks and cryptocurrency-related investments have been strong. Bitcoin has gained more than 15% this week, gold stocks are up more than 10%, and crude oil is up more than 5%. The TSX is being weighed down by financials but supported by energy and gold stocks. Overall, Friday’s early strength has not yet changed the developing short-term weakness in the major U.S. indexes.

Stephen Whiteside
Friday, August 21, 2026

Major Sell Signals Hit Banks, Nasdaq 100 and Nvidia

U.S. stock index futures are pointing lower Thursday morning, led by the Dow following weakness in Walmart, while commodities are mixed with crude oil higher and gold slightly lower. The U.S. Treasury’s intervention in the bond market was a major focus after U.S. debt surpassed $40 trillion, while the U.S. dollar continued to weaken. Bitcoin, Ethereum and other cryptocurrencies also surged following a White House meeting with crypto representatives. The VIX remains on daily sell signals, indicating relatively subdued market fear.

The technical picture has weakened in several important areas. The TSX 60, Nasdaq 100 and financial sectors are back on sell signals, with Canadian and U.S. banks experiencing significant declines and several major banks generating new sell signals. Nvidia is also back on a sell signal, while Apple has returned to a buy signal. Energy markets remain relatively firm, but natural gas lacks professional buying interest. With U.S. jobless claims due at 8:30 a.m., the report could influence Thursday’s market direction, with a modestly lower open currently expected.

Stephen Whiteside
Thursday, August 20, 2026

US stock index futures were trading higher Wednesday morning after significant declines across Asian markets, with Japan down more than 3%, China more than 5%, and Korea nearly 6%. The VIX rose Tuesday but remained insufficient to trigger buy signals for the S&P 500, Nasdaq, or Russell 2000, which remain on sell signals. New sell signals also appeared across major Canadian and US ETFs, including total-market, small-cap, and semiconductor ETFs.

Crude oil and energy stocks continued moving higher, while gasoline prices approached their July highs. The transcript also highlights declining US savings rates, a new intraday high in the 30-year Treasury yield, and the potential market impact of the latest Federal Reserve meeting minutes. Nvidia remains on a buy signal but would generate a sell signal below $217.44. Overall, the message is to remain cautious while monitoring market signals, interest rates, commodities, and geopolitical developments.

Stephen Whiteside
Wednesday, August 19, 2026

Markets Hit New Highs as Key Resistance Levels Approach

U.S. and Canadian markets remain firmly positioned at or near record highs, with the Canadian market, S&P 500 and Vanguard Total Market ETF making new highs. The Nasdaq 100 is also advancing, while energy stocks are among the strongest performers as crude oil has gained nearly 6% on the week. The VIX remains subdued, suggesting options traders continue to have confidence in the market. Semiconductors are higher but have not yet generated a new weekly buy signal, while bonds and gold remain relatively quiet.

The broader message is that the market trend remains positive, but several key areas are approaching resistance. Bitcoin continues to struggle below its 50-day moving average and the FlyPaper Channel, with $62,500 identified as important support and $75,000 as a potential upside target if the July high is broken. Among major ETFs, Canadian financials and telecoms are showing strength, while U.S. indexes continue testing higher targets. Overall, Friday’s market is expected to open quietly, with traders watching key resistance and support levels for the next directional move.

Stephen Whiteside
Friday, August 14, 2026

Stock Market Today: New Bank Buy Signals & Major Price Targets

U.S. stock index futures were trading above fair value ahead of Thursday’s open, while commodities were slightly lower. The VIX reached new lows for the S&P 500, Nasdaq, and Russell 2000, indicating limited concern among options traders. The major development was the Canadian banks returning to buy signals, while the TSX 60 approached its $54.69 price target. U.S. markets remained largely unchanged, with the S&P 500 and Nasdaq still needing to break to new highs.

Gold and gold stocks continued to perform strongly, with several price targets reached and opportunities to lock in profits. Semiconductors remained on a buy signal but showed some bearish signs as professionals sold into the close. Individual stocks produced several notable moves, including Super Micro, which surged more than 19% and reached two price targets, while Nokia generated a new buy signal. Nvidia remained stuck near $225, with $237.50 as the next target if resistance is broken

Stephen Whiteside
Thursday, August 13, 2026

Stock Market Outlook: Why Wednesday Could Be Very Interesting

U.S. stock index futures are trading higher Wednesday morning, led by the Nasdaq, while crude oil, gold, and silver are also moving higher. Investors are awaiting CPI data, which could alter the market’s direction. CoreWeave and Super Micro are also trading higher following earnings. The market remains relatively calm, with the VIX showing no major change and options traders not appearing particularly concerned.

A key focus today is the potential for short-term trend changes associated with the current moon cycle and other celestial activity. While these cycles are not used as direct trading signals, they can serve as an additional timing tool to anticipate possible changes. Technical signals remain mixed: energy sectors are generating new buy signals, semiconductors are improving, Meta has returned to a buy signal while Alphabet has moved back to a sell signal. Traders should continue watching trend changes, resistance levels, and whether professional investors regain control of individual stocks.

Stephen Whiteside
Wednesday, August 12, 2026

Energy, Gold & Silver Surge: What the Market Is Signaling Now

U.S. stock index futures are pointing slightly higher Tuesday morning, led by the Nasdaq, while commodities are mixed. Crude oil, gasoline and natural gas returned to buy signals Monday, with U.S. energy stocks gaining 4.66% and Canadian energy stocks rising 3.69%. Gold, silver and mining stocks also continued higher, while falling bond prices pushed yields higher. The major U.S. indexes remain below last week’s highs, leaving the market waiting for confirmation of another breakout.

A key theme is the relationship between price signals and professional investor activity. Advanced Micro Devices returned to a sell signal without professional investors taking control, while NVIDIA reversed after approaching its $225 target despite professionals maintaining control. Canadian energy stocks showed a similar pattern, with professionals retaining control through recent sell signals. The presentation also highlights renewed strength in software stocks, including new highs for Palantir and PATH, while the market awaits inflation data later in the week.

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.