Volatility increased as the VIX moved higher, signaling growing market fear. Bonds sold off as yields rose, currencies shifted with a weaker U.S. dollar, and commodities—particularly gold, silver, and natural gas—continued to attract capital.
Equity markets broadly rolled over into sell signals, led by weakness in major U.S. indices, technology stocks, and financials, while small caps, microcaps, and commodity-related stocks held up better. Gold and silver stocks posted strong gains, while semiconductors pulled back toward key support. Rising bond yields and political pressure on the Federal Reserve remain key risks for markets going forward.
The video opens with a brief market overview following a U.S. holiday, noting thin Canadian trading, modest TSX gains, and strength in gold and energy. U.S. futures weaken sharply, led by big-cap tech, as the VIX rises—signaling increasing volatility. Commodities show mixed but notable moves, with gold and silver higher, crude modestly up, and natural gas surging sharply.
The discussion broadens to geopolitical risk, electronic warfare, global debt, and the bond market’s outsized influence. The speaker warns that aggressive selling of U.S. Treasuries or disruptions to global shipping could rapidly damage the economy. The video closes with VIX seasonality turning bearish for longer-term investors and a reminder of the importance of timing and trend-following.
In today’s snow-day market update, Stephen Whiteside opens with a brief personal and weather note before outlining why there will be no Friday video due to physiotherapy. He then reviews pre-market conditions, noting modest Dow weakness while the Nasdaq rebounds from prior losses. Canadian ETFs show little movement, while U.S. indices remain near key price targets, with the Nasdaq still lagging other major markets.
Stephen covers sector and asset performance, highlighting mixed signals in financials, a short-term pop in the VIX, and continued strength in Bitcoin and related ETFs. Energy and mining stocks led the Canadian market, while Shopify weighed on Infotech. Gold, silver, and copper posted gains, though pullbacks are expected. He closes with a reminder about market timing, trend awareness, and upcoming video scheduling.
In Wednesday’s pre-market update, Stephen Whiteside notes broad weakness in stock index futures while Bitcoin, gold, and crude oil trade higher, potentially supporting Canadian markets. Bitcoin remains on a buy signal, with crypto ETFs and major crypto stocks leading gains, while the VIX moves onto a buy signal—raising near-term caution for equities if volatility breaks higher.
He reviews the “Magnificent Seven” and key stocks, highlighting resistance from open gaps, mixed signals, and downside targets for several leaders, while Alphabet shows strength. Broadcom and Shopify return to buy signals. The video closes with strong commodity momentum—energy and metals leading—and expectations for modest selling at the open.
In Tuesday’s pre-market update, Stephen Whiteside reviews U.S. and Canadian markets, noting U.S. index ETFs approaching major round-number resistance levels while the Nasdaq remains constrained by an unfilled October gap. Volatility (VIX) is testing key resistance, which could turn bearish if broken. Commodities were mixed, with crude oil and Bitcoin higher pre-market, while gold eased after recent strength.
Canada continued to outperform, with the TSX making new highs led by materials, mining, and energy. Precious metals saw strong moves Monday, particularly silver and platinum, while energy stocks returned to buy signals. Stephen concludes that despite short-term resistance and potential reversals, multiple sectors remain in actionable trends, emphasizing disciplined stock market timing.
In Thursday’s market update, Stephen Whiteside reviews pre-market conditions showing weakness across stock index futures, gold, and Bitcoin, while crude oil trades higher. The TSX declined sharply, closing near an upper channel line and raising the possibility of a sell signal. Energy stocks remain under pressure, showing a clear pattern of lower highs and lower lows, while rail stocks like Canadian National and Canadian Pacific are now on sell signals. Currency markets show strength in the Australian dollar and British pound, while the Canadian dollar weakens, influenced by geopolitical events.
Volatility indicators are flashing warnings, with VIX buy signals across the S&P 500, Nasdaq, and Russell 2000, suggesting growing concern among options traders. Commodities broadly pulled back, including gold, silver, platinum, and copper, though no major sell signals have triggered yet. Financials are weakening near key levels, while select stocks like Kinross and TELUS remain relatively strong. Overall, the tone suggests increasing downside risk and potential selling pressure at the market open.
00:00 Morning Welcome and Introduction
00:06 Pre-Market Overview: Futures, Oil, Bitcoin
00:19 TSX Decline and Sell Signal Risk
00:29 Sector Performance Breakdown
00:42 Venezuela Impact and Energy Weakness
00:53 Bearish Energy Charts Explained
01:32 Rail Stocks Trigger Sell Signals
01:49 VIX Warning Signs Across US Markets
02:27 Why Rising VIX Is Bearish for Stocks
02:45 Currency Market Update
03:12 Commodities Overview: Oil and Gas
03:38 Bearish Crude Oil Chart Pattern
03:52 Natural Gas Support Levels
04:07 Canadian Energy ETF Breakdown
04:24 Mining and Metals Pullback
04:47 TSX Mining Index Performance
05:08 Banking Sector Near Sell Signals
05:55 TSX Most Active Stocks Review
06:22 Energy and Gold Stock Laggards
06:45 Individual Stock Levels to Watch
07:00 TELUS Technical Outlook
07:19 Market Open Expectations and Sign-Off
Stephen Whiteside opens the Wednesday morning update by noting quiet stock index futures, with tech slightly leading lower ahead of upcoming job numbers that could shift market direction. The VIX shows divergence versus the major indexes, signaling options traders remain cautious despite strong index performance.
Sector-wise, mining and precious metals dominated Tuesday, with gains across gold, silver, copper, platinum, and related stocks like Newmont. In contrast, the Venezuela-driven energy rally reversed sharply. Chip stocks posted outsized gains, while individual names showed mixed signals, with some breakouts, reversals, and ongoing buy or sell signals across popular equities
Stephen Whiteside reviews the first full trading day after the Christmas holiday period, noting a strong pop in markets but cautioning against overreacting to thin holiday trading. While U.S. markets rose modestly, the Canadian market led North America, driven largely by strong gains in metals and mining stocks. Bitcoin surged nearly 5%, volatility ticked higher, and energy was the top-performing U.S. sector.
In contrast, Canadian energy stocks were hit hard and returned to sell signals, though Whiteside views this as likely an overreaction. Precious and base metals saw significant gains, Canadian banks made multiple new highs, and he advises patience—“sit on your hands”—and allow markets a few days to settle before making portfolio changes.
Stephen Whiteside
Tuesday, January 6, 2026
00:00 Introduction & Post-Holiday Market Context
00:32 Focus on Canadian and U.S. Markets
00:47 Bitcoin Surge, S&P 500, Nasdaq & VIX Update
01:07 U.S. Energy Strength vs Canadian Market Performance
01:41 Canadian Energy Sell Signals & Holiday Trading Caution
02:09 Crude Oil Midterm Outlook
02:23 Materials, Gold & Base Metals Lead Toronto
02:38 Copper, Gold, Silver & Platinum Breakout Moves
03:09 Canadian Banks Make New Highs
03:30 TSX Most Actives & Energy Sector Overreaction
04:01 Cenovus, TD Bank & Energy Stock Signals
04:25 TC Energy, Baytex & Whitecap Volatility
04:57 Gold Stocks, Suncor & Enbridge Levels
05:27 Mining Stocks & Telus Technical Review
06:01 Bitcoin Stocks & Bitfarms Buy Signal
06:11 Final Market Outlook & Patience Message
Stephen Whiteside delivers a holiday-shortened pre-market update, noting that shortened trading weeks often carry a bullish bias. Stock index futures are trading above fair value, led once again by technology stocks, with Micron and NVIDIA driving gains. NVIDIA closed above its upper channel line on Friday, triggering a new buy signal, and is coming off oversold conditions. The VIX remains on a sell signal, which supports higher equity prices.
In commodities, copper and copper miners hit new highs, while gold, silver, and gold miners continue trending higher with multiple new highs across global and junior indexes. Energy remains weak, with crude oil, gasoline, natural gas, and energy stocks all on sell signals. Stephen wraps up with a holiday message, a reminder about upcoming weekend updates, and encouragement to donate blood during the holidays.
In today’s quiet pre-market update, Stephen Whiteside reviews notable movers like Nike and Oracle, explaining why both remain unattractive despite pre-market action. Nike’s sharp drop follows a bearish reversal and resistance at the Fly Paper Channel, while Oracle continues to form lower highs and lows, failing to signal a trend reversal.
Stephen then surveys the broader market, noting modest weekly declines across major indexes, steady VIX behavior, mixed sector performance, and strength in gold and silver. He highlights key technical levels in stocks like NVIDIA, Shopify, and Micron, concluding that holiday conditions are keeping markets subdued ahead of the weekend.
