Category: Uncategorized

Nvidia Drops 3% as Semiconductors Return to Sell Signals

Tuesday’s market outlook points to a cautious start, with stock index futures lower across the board and the VIX continuing to rise. The NASDAQ 100 remains above its 100-day moving average, but semiconductors and South Korea both suffered significant declines and returned to sell signals. Nvidia fell more than 3%, while $212.50 and the August low remain important downside levels before the $200 area and 200-day moving average become the next major support zone.

Money rotated away from technology and chips into cybersecurity, software, cloud computing and communication services, while Alphabet and Microsoft returned to buy signals. Energy remained strong, with crude oil making a new high and Canadian energy stocks reaching a new high for the current move. Meanwhile, the 10-year bond yield reached levels not seen for roughly two decades, reinforcing the importance of monitoring rising interest rates. Overall, the outlook calls for caution, with no clear indication yet that buyers are returning to the market.

Stephen Whiteside
Tuesday, September 15, 2026

Market Outlook: NASDAQ 100 Falls as Crude Oil Surges Above $100

U.S. and Canadian stock markets are facing renewed selling pressure, with stock index futures down across the board and the NASDAQ 100 leading the decline. The NASDAQ 100 futures contract is trading below its normal range and appears poised to test its 200-day moving average after holding the 100-day moving average for several weeks. Bearish chart patterns remain intact, while the VIX ETFs are now fully positioned for a potential increase in market volatility.

Commodities and bonds are also sending important signals. Crude oil has moved back above $100, while gold continues to trade lower and remains on a sell signal. The 30-year bond yield reached a new high as the bond price made a new low. Energy stocks face conflicting signals from higher crude oil prices and broader market weakness, while mining and gold stocks are expected to open lower. The overall outlook remains cautious, with short-term sell signals already in place.

Stephen Whiteside
Monday, September 14, 2026

Bonds Are Collapsing

Friday’s market outlook highlights a market facing increasing pressure despite stronger pre-market futures. The S&P 500 and Nasdaq remain below their recent highs, the VIX has surged more than 22% for the week, and the Nasdaq 100 returned to a sell signal. The Russell 2000 is approaching its July lows, while Canadian equities have also weakened, with the TSX Composite down 2.76% for the week. Bonds experienced a particularly sharp decline Thursday, with yields moving higher, while commodities were mixed as crude oil remained near $100 and gold pulled back.

The key takeaway is that investors should focus on market trends and signals rather than isolated strength in individual stocks or commodities. Energy stocks, for example, can decline even when crude oil rises if broader indexes are under selling pressure. Materials, copper, gold and silver stocks were particularly weak, while only financials provided meaningful strength in Canada. With CPI data potentially influencing interest-rate expectations and a historically volatile period approaching, the current environment calls for careful attention to sell signals, support levels and downside targets.

Stephen Whiteside
Friday, September 11, 2026

Major Sell Signals Spread Across the Stock Market

U.S. equity markets are showing increasing signs of weakness, with the NASDAQ leading the major indexes lower while the Dow and S&P 500 remain on sell signals. Rising bond yields and higher energy prices are adding pressure, with West Texas crude approaching $100 and Brent crude above $100. The TSX has also formed a lower high, while financials and communication services have generated new sell signals.

The transcript highlights several areas requiring close attention, including bearish patterns across major indexes, weakness in Nvidia, Shopify, and several financial and telecom stocks, and continued pressure in small- and micro-cap equities. At the same time, some energy stocks are showing relative strength, while Enbridge and TC Energy are approaching potential buying setups at the bottom of their panic zones. Overall, the outlook points toward potential selling at Thursday’s open.

Stephen Whiteside
Thursday, September 10, 2026

Market Weakness Grows While Energy & Semiconductor Stocks Rise

The market is entering Wednesday with broad weakness expected at the open. Canadian equity ETFs have returned to sell signals, while the Dow and financials joined them in New York. The S&P 500 and Vanguard Total Market ETF are positioned at their lower channel lines and could trigger new sell signals, while the Nasdaq 100 is receiving support from continued semiconductor strength.

Sector performance remains divided. Energy stocks continue to benefit from rising crude oil, natural gas and diesel prices, while semiconductors are producing new buy signals despite weakness in Nvidia. Gold and mining stocks are consolidating, and several large technology names—including Microsoft, ServiceNow, Spotify and Zoom—are under pressure. The key takeaway is a market increasingly characterized by defensive sector strength alongside growing weakness in major indexes.

Stephen Whiteside
Wednesday, September 9, 2026

Major Stocks Approach Critical Buy & Sell Signals

Stock index futures are pointing lower Tuesday morning, with the Dow showing the greatest weakness and moving beyond its recent comfort zone. Crude oil is breaking above the July highs and approaching $150, while gold is pulling back. The VIX remains a key focus as seasonal volatility increases, and a position in VIX bull ETFs has already been established ahead of a potential new buy signal.

The market remains mixed beneath the surface, with several major technology stocks approaching important trend-change levels. Apple is close to a potential sell signal, Amazon and Shopify could generate buy signals, while Microsoft and Tesla are approaching sell levels. Nvidia also produced a bearish reversal day, although it remains above the previous day’s low. The key takeaway is to watch the upper and lower FlyPaper Channel boundaries for confirmation before making new moves.

Stephen Whiteside
Tuesday, September 8, 2026

Sit On Your Hands
U.S. markets are heading into the three-day weekend with a mixed outlook. The S&P 500 and Dow are trading below fair value while the Nasdaq remains slightly higher. Strong U.S. employment numbers are pressuring stocks, while gold has fallen sharply and crude oil remains slightly lower. Despite the morning weakness, the major indexes have shown little movement for the week, with the S&P 500 up slightly and the Nasdaq 100 essentially unchanged. Bitcoin has been a standout performer, while crude oil has gained nearly 6% for the week.

Several major ETFs and sectors moved back onto buy signals Thursday, including Canadian and U.S. financials, gold stocks, technology and broad-market ETFs. However, the presenter recommends sitting on the sidelines Friday rather than acting on these fresh signals, waiting for confirmation next week. The Russell 2000, small caps and micro caps have yet to fully participate. With a long weekend approaching and a mixed market open expected, the strategy is to remain patient and reassess after the weekend.

Stephen Whiteside
Friday, September 4, 2026

Stocks, Gold & Oil Outlook

Thursday’s market outlook points to a cautious environment, with U.S. stocks showing mixed pre-market action and new sell signals emerging outside Canada. The TSX 60 and Vanguard Canada ETF remain relatively quiet, while the S&P 500 and NASDAQ 100 face resistance and continue to show a pattern of lower highs. Jobless claims and inflation data could influence the market’s direction, while gold and crude oil are both trading higher.

Several individual stocks are approaching important technical levels. Suncor is testing major resistance near its May high, while Royal Bank and Manulife are close to potential buy signals. Nvidia remains on a buy signal with $237.50 as the next target if its recent high is broken. Overall, the outlook emphasizes watching support, resistance, channel levels, and emerging sell signals as short-term weakness could develop into longer-term trends.

Stephen Whiteside
Thursday, September 3, 2026

Markets Turn Defensive as Bonds Fall and Sell Signals Multiply

U.S. stock index futures are pointing to a weak open Wednesday as investors digest a large number of economic reports and await upcoming Federal Reserve decisions on interest rates. The major concern remains the bond market, where prices continued to fall and yields moved higher. Numerous bond ETFs have returned to sell signals, while gold, silver, copper, palladium, platinum and related mining stocks have also weakened and generated additional sell signals.

The technical picture for equities has deteriorated, with new sell signals appearing across major Canadian and U.S. index ETFs, including the S&P 500, NASDAQ 100, Vanguard Total Market ETF and several sector ETFs. Energy remains a notable area of strength, with crude oil moving higher and energy stocks reaching new highs. The overall message is defensive: follow the market’s signals, monitor the continued weakness in bonds, and avoid assuming that individual pre-market strength—such as Dell’s sharp opening gain—represents a sustainable trend.

Stephen Whiteside
Wednesday, September 2, 2026

September Starts With a Warning: Key Stock Market Signals

August was a broadly positive month, with the TSX and S&P 500 reaching new all-time highs while the NASDAQ 100 gained 4.18% and semiconductors rose 2.98%. Gold stocks were the standout performer, gaining more than 32%, while crude oil rose 3.51%. Utilities were among the weaker sectors, reflecting pressure from the bond market. However, the transition into September is starting with stock index futures lower and commodities mixed.

The current signals point to increased caution entering September. The Vanguard Canada ETF moved back to a sell signal, Shopify also returned to a sell signal, and major U.S. indexes showed weakness, particularly small- and micro-cap stocks. Energy remained relatively strong, while semiconductors and U.S. bank stocks stayed on sell signals. Crude oil returned to a buy signal, while the VIX remains on a sell signal. Employment numbers later Tuesday could influence market direction.

Stephen Whiteside
Tuesday, September 1, 2026