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Markets reversed sharply on Monday after early weakness, triggered by aggressive short selling in crude oil and buying in equities just before a major news catalyst. This led to a powerful short covering rally, pushing indices higher by the close.

However, the rally lacked strength beneath the surface. Key indices failed to break above resistance levels, forming negative chart patterns. While Canada showed relative strength, the broader market trend remains downward, with caution dominating sentiment.

Stephen Whiteside
Tuesday, March 24, 2026

Global tensions and supply disruptions in oil, fertilizer, and helium are beginning to ripple through financial markets, with energy stocks rising while gold and broader equities decline. Helium shortages could soon impact semiconductor production, one of the last sectors holding up the NASDAQ, while volatility remains elevated with room to move higher.

Markets in both the U.S. and Canada are now broadly on sell signals, with major indices forming lower highs and lower lows. While conditions are oversold and a short-term bounce is possible, the overall trend remains bearish. A meaningful recovery would require a breakout above last week’s highs, otherwise rallies are likely just short covering.

Stephen Whiteside
Sunday, March 22, 2026

Triple witching Friday arrives with less volatility than in the past, as market participants position themselves ahead of time. Futures are modestly lower and the VIX remains elevated, reflecting uncertainty. Commodities are mixed, with oil pulling back and gold attempting a modest rebound after recent losses.

The broader market remains in a defensive posture, with multiple indexes on weekly sell signals and hovering near critical support levels. Energy stocks continue to outperform, while gold and mining sectors show significant weakness. Investors are closely watching whether key support levels hold or break.

Stephen Whiteside
Friday, March 20, 2026

Markets are relatively quiet in the pre-market, but commodities are seeing significant volatility, with oil moving higher and gold dropping sharply by over $200. Silver is under even more pressure, highlighting broad weakness in precious metals. Major index ETFs remain near recent lows, with the Dow breaking below both support and its 200-day moving average, while the S&P 500 tested key support and the NASDAQ continues to trade within a range.

Sector performance remains mixed, with energy stocks showing resilience despite broader market weakness, while financials and metals stocks continue to struggle. Bond prices are falling, pushing yields higher, and volatility is rising but not yet signaling a clear market bottom. Overall, markets remain range-bound, with traders watching closely for a breakdown in the NASDAQ as a potential bearish signal.

Stephen Whiteside

Thursday, March 19, 2026

Markets are positioning ahead of the Federal Reserve announcement, with futures pointing higher but little conviction overall. The key driver today will not be policy changes, but the Fed’s tone, which could spark increased volatility later in the day. The VIX declined slightly, signaling short-term support for equities, though not enough to confirm a strong bullish outlook.

Indexes like the S&P 500 and Nasdaq are hovering around important price targets, while bank stocks and financials are attempting to move higher. Airline stocks are showing resilience despite energy concerns, and commodities remain largely under pressure. Traders are watching for end-of-day confirmation to determine the next market direction.

Stephen Whiteside
Wednesday, March 18, 2026

Tuesday’s premarket action remained subdued, with slight weakness in futures and strength in commodities. Monday’s gains failed to push major indexes beyond key price targets, suggesting the market is pausing ahead of the Federal Reserve meeting. Volatility is expected to increase midweek as traders await clearer direction.

Financial stocks edged higher, with select names approaching potential buy signals, while airline stocks rallied but remain in broader downtrends. The Magnificent 7 continues to show indecision, with some stocks reversing recent weakness. Meanwhile, select stocks like MicroStrategy and Arm Holdings displayed notable movement, though overall market trends remain unchanged.

Stephen Whiteside
Tuesday, March 17, 2026

In this morning market update, Stephen Whiteside reviews the pre-market setup for March 16, 2026. Stock index futures are slightly positive while commodities are weaker ahead of important economic data releases. Energy markets remain relatively strong, with gasoline outperforming crude oil, while natural gas remains on a buy signal. Precious and industrial metals, however, are experiencing selling pressure with multiple new sell signals.

The NASDAQ 100 continues trading within a defined range, with traders watching key breakout levels to determine the next market move. Financial stocks are being closely monitored because a broader market rally may depend on their recovery. Airline and transportation stocks remain weak as energy costs rise. Several major technology stocks triggered sell signals on Friday, but with the pre-market pointing higher, investors may want to wait for further confirmation before reacting.

Stephen Whiteside
Monday, March 16, 2026

Stephen Whiteside’s Friday market outlook highlights mixed signals across global markets as investors await important economic data. Stock futures are slightly positive in the pre-market while gold and crude oil are trading lower. Weekly charts show strength in energy commodities but indecision in metals and cryptocurrencies. The Dow is leading markets lower this week while the NASDAQ has held up better.

Energy stocks gained momentum on Thursday, helping support the Canadian market, while financial stocks remain under pressure. U.S. financials hit new lows and European banks are experiencing significant selling. Traders are also watching volatility indicators and key support levels across the TSX, Dow, S&P 500, and NASDAQ as they evaluate potential buying opportunities in the coming sessions.

Stephen Whiteside
Friday, March 13, 2026

Stephen Whiteside provides his daily technical analysis of the stock market, highlighting economic data due later in the morning and reviewing overnight futures trading. Crude oil rallied sharply overnight while gold ticked higher and natural gas dipped slightly. These higher energy prices continue to support strong performance in energy stocks.

Market indexes including the Dow, S&P 500, Nasdaq 100, and TSX-60 are currently trading near key technical levels as investors watch for breakouts or breakdowns. The video also reviews heavily traded stocks such as NVIDIA, Tesla, Intel, and Oracle, along with Canadian energy leaders. Energy remains the strongest sector in the current market environment.

Stephen Whiteside
Thursday, March 12, 2026