Category: Uncategorized

The Market Looks Stronger, But 280 New Lows Raise a Warning

The market is entering Monday with a positive short-term tone. Futures are higher, volatility has declined across the major U.S. indexes, and investor fear has continued to dissipate. Despite that improvement, the breadth of the market remains a significant concern: new 52-week lows continue to vastly exceed new highs, suggesting that strength remains concentrated in a relatively small group of large-cap stocks.

There are several potential opportunities to watch. The TSX 60, Vanguard Total Market ETF and S&P 500 are close to generating buy signals, while the Nasdaq 100 is already on a buy signal. Silver and selected gold stocks are showing improving momentum, while semiconductors strengthened sharply Friday. On the other hand, crude oil, several energy stocks and smaller-cap stocks remain vulnerable, making Monday’s closing signals particularly important.

Stephen Whiteside
Monday, September 21, 2026

NASDAQ Buy Signal Returns as Major Market Trends Diverge

U.S. markets are showing mixed signals heading into Friday, with NASDAQ futures leading modestly higher while the VIX remains in its trading channel. The Dow could generate a new weekly sell signal, while the Russell 2000 and semiconductors remain on weekly sell signals. In Canada, financials and banks generated new buy signals, while energy stocks continued to outperform. Gold remains neutral, crude oil reached a new weekly high, and bonds recovered after recently making new lows.

The NASDAQ 100 returned to a daily buy signal, but the broader market still needs to prove that the recent bearish pattern is ending. Several stocks generated new buy signals, but the analysis emphasizes that signals should be taken only in stocks being actively followed rather than selected randomly. The FlyPaper Channel remains an important reference for support and resistance, while BWET is being watched as a potential indicator of changing crude-oil shipping costs and a possible future shift in the energy market.

Stephen Whiteside
Friday, September 18, 2026

Stock Market Outlook: Rally Ahead or Another Trap?

U.S. stock index futures are pointing sharply higher ahead of Thursday’s open following significant volatility around the Federal Reserve’s rate decision. Crude oil is pulling back while attempting to hold $100, gold is lower, and jobless claims and housing starts could influence the market later in the morning. Despite the expected rate hike, currencies reacted strongly, with the U.S. dollar surging and major currencies declining.

Market internals remain mixed. The VIX is not reflecting the level of fear visible in numerous 52-week lows, while major U.S. indexes remain under pressure around their 100-day moving averages. Energy stocks were particularly weak, with both U.S. and Canadian energy names generating sell signals. The key message heading into Thursday is to focus less on the opening rally and more on where markets finish the day, while watching key support levels and existing sell signals.

Stephen Whiteside
Thursday, September 17, 2026

Energy Stocks Surge While Major Market Indexes Break Lower

Stock index futures were trading above fair value ahead of Wednesday’s Federal Reserve announcement, with limited volatility expected before 2:30 p.m. Crude oil remained above $100 while gold moved higher, and the energy sector continued to lead, with oil and gas exploration and Canadian energy stocks posting strong gains. Suncor reached its $100 price target, while gasoline also made a new high and natural gas returned to a buy signal.

The broader market remained mixed, with new lows in several major indexes and bond-market weakness. The Russell 2000 was particularly weak, approaching its 200-day moving average, while the TLT remained near all-time lows. Among individual stocks, Transocean generated a buy signal, while several technology and consumer names remained under pressure. The key focus for the remainder of the day is how markets respond to the Fed announcement after 2:30 p.m.

Stephen Whiteside
Wednesday, September 16, 2026

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