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In this March 4, 2026 morning market outlook, Stephen Whiteside reviews a sharp market selloff that pushed major U.S. indices back to levels not seen since November. The Dow, S&P 500, Nasdaq, and financials broke key support levels, with volatility spiking and the VIX reaching upside targets. Canadian markets also returned to sell signals, while traders are watching whether buyers step back in after Tuesday’s extreme move outside the average true range.

Gold reversed higher after testing its lower channel line, crude oil was steady pre-market, and bond markets experienced wide swings. The U.S. dollar strengthened as a safe haven, pressuring currencies like the euro and Canadian dollar. Meanwhile, Bitcoin and crypto-related stocks remained on buy signals, though Whiteside cautions that cryptocurrencies are best viewed as trading vehicles rather than long-term investments.

Stephen Whiteside
Wednesday, March 4, 2026

Stocks Slide While Crude Oil Explodes

Markets remain under pressure after Monday’s dramatic intraday reversal failed to reclaim prior highs. The Dow was down 587 points at its worst and is trading lower again Tuesday morning. The Nasdaq 100 has broken below its 100-day moving average and is approaching the 200-day, a key level traders are watching closely, while the S&P 500 and banking sector show continued technical weakness.

Meanwhile, commodities are strengthening. Crude oil and gasoline surged, natural gas is testing resistance, and gold is advancing toward $500. Canadian energy stocks hit new highs, but Stephen emphasizes that broad market selling can pull down even strong sectors. Following trend signals and respecting downside targets remains crucial.

Stephen Whiteside

Tuesday, March 3, 2026

War in the Middle East is impacting global markets, lifting oil and gold while weighing on stock futures. Crude oil remains strong and energy ETFs are making new highs, suggesting continued upside momentum for energy stocks heading into Monday’s session.

At the same time, March seasonality in the VIX points to increasing volatility ahead. While current index declines remain within normal ranges, technical weakness in NVIDIA highlights potential downside risk if market sentiment deteriorates further.

Stephen Whiteside
Monday, March 2, 2026

Markets head into March facing new geopolitical risks following military conflict in the Middle East. This could drive crude oil higher during a seasonally strong period, potentially pushing prices toward previous highs. Gold has also been strong but remains overbought, while Canadian equities have benefited from continued strength in energy and metals.

Volatility is rising, and historically this suggests sideways or declining equity markets. U.S. stocks, especially technology and banking, are showing weakness, while energy and gold stocks continue advancing. Semiconductor momentum may be fading after NVIDIA reversed post-earnings, increasing the likelihood of further market pressure.

Stephen Whiteside
Sunday, March 1, 2026

Stephen Whiteside’s February 27th market outlook highlights a weak start to the final trading day of the month, despite the typical bullish bias. Stock index futures and Bitcoin are lower in pre-market trading, while commodities like gold and crude oil are rising — a potential positive for Canadian markets. NVIDIA reversed sharply after a pre-market rally, losing professional support and returning to a sell signal.

Weekly charts show modest gains in major indices, with strength in gold stocks and financials, while semiconductors weaken. The TSX remains strong with professionals in control, unlike the Nasdaq where institutional leadership has been absent. With the VIX showing signs of potential seasonal strength into March, investors may be preparing for increased volatility.

Stephen Whiteside
Friday, February 27, 2026

Thursday’s market outlook shows cautious optimism as stock index futures remain mixed while investors evaluate **NVIDIA** earnings. Both the **S&P 500** and **Nasdaq 100** have shifted back into buy territory but are nearing strong resistance zones that could slow further gains.

Bitcoin has also generated a new short-term buy signal, bringing renewed interest to crypto-related equities and ETFs. However, institutional participation has yet to fully return, suggesting the rally still needs confirmation. Meanwhile, traders continue monitoring leading U.S. and Canadian stocks for breakout signals as the market looks for its next directional move.

Stephen Whiteside
Thursday, February 26, 2026

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