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Stephen Whiteside reviews market activity following the Father’s Day long weekend, noting that U.S. equities maintained their bullish momentum despite ongoing geopolitical uncertainty. The S&P 500 remained inside its trading channel while the NASDAQ 100 and semiconductor sector led gains, reflecting continued strength in AI-related stocks. He also highlights key technical levels for the VIX, explaining that volatility remains subdued and has not yet signaled a meaningful shift in market sentiment.

The update also focuses on weekly market signals and long-term price targets across major asset classes. New weekly sell signals emerged in both Canadian and U.S. energy sectors, while bonds generated a new weekly buy signal. Whiteside reviews important resistance and support levels for major indexes, sectors, and ETFs, emphasizing that investors should remain cautious as global tensions continue to rise and market risk remains elevated despite the current bullish trend.

Stephen Whiteside reviewed market conditions heading into the weekend, noting that U.S. markets were closed while Canadian markets were expected to be thinly traded. The overall market tone remained constructive, supported by a declining VIX and strong weekly gains in major U.S. indexes, particularly the NASDAQ and semiconductor sector. Crude oil weakened significantly during the week, while gold remained relatively flat and Bitcoin continued to trade without a clear trend.

The analysis focused on key price targets and technical levels across major ETFs and sectors. In Canada, financial stocks continued to provide leadership while materials, gold stocks, energy, and technology showed signs of weakness. Several TSX leaders were reviewed, with Air Canada benefiting from lower oil prices and Bank of Nova Scotia approaching an important price target. Investors were encouraged to remain aware of changing sector leadership and key support and resistance levels heading into next week.

Stephen Whiteside
Friday, June 19, 2026

Markets are poised for a higher open on Thursday after futures recovered part of Wednesday’s post-Federal Reserve losses, with the NASDAQ leading the rebound. However, weakness in crude oil and gold could weigh on Canadian equities, while upcoming U.S. jobless claims data has the potential to shift market direction before the opening bell. Despite Wednesday’s volatility, the major U.S. indexes traded back into their channels and avoided generating new sell signals.

Sector performance was broadly negative, with several U.S. sectors moving back onto sell signals while Canadian financials remained a standout strength, reaching new highs. The update also highlighted key technical levels across major stocks, including NVIDIA, Shopify, Tesla, and Meta. Investors were advised to review any new sell signals before acting, as stronger pre-market trading could invalidate some of Wednesday’s bearish signals.

Stephen Whiteside
Thursday, June 18, 2026

Markets entered Wednesday on a cautious note with investors focused on three major events: retail sales data, energy inventories, and the Federal Reserve meeting. While stock index futures were generally positive in pre-market trading, the broader market remained in a consolidation phase. The Dow, TSX 60, and TSX Composite Index reached new highs, but the broader U.S. market, including the S&P 500 and NASDAQ 100, continued to trade below key resistance levels that would be needed to trigger the next leg higher.

Sector performance remained mixed. Financial stocks continued to strengthen, with Canadian financials reaching new highs and U.S. financials recovering back toward February levels. Meanwhile, semiconductors experienced profit-taking, energy stocks remained under pressure due to declining crude oil prices, and volatility indexes stayed on sell signals, reflecting investor confidence. The market’s next directional move may depend on how traders react to economic data releases and the Fed’s policy announcement later in the day.

The market entered Tuesday morning on a calmer note after Monday’s strong rally, with stock index futures modestly above fair value. The NASDAQ continued to lead the advance, while falling crude oil prices provided additional support for equities. The TSX and Dow Jones Industrial Average both reached new all-time highs, and attention remains on whether the NASDAQ can break above the 750 level to target higher resistance.

Sector performance was driven by weakness in energy and strength in precious metals and technology. Lower oil prices pressured energy stocks, with several major names among the day’s biggest losers. Meanwhile, gold and silver advanced toward key resistance levels, boosting mining shares. Technology stocks, particularly semiconductor-related companies, led gains in the U.S. market, while the VIX moved back onto a sell signal, supporting the current bullish market trend.

Stephen Whiteside
Tuesday, June 16, 2026

Markets are set for a strong start on Monday, with Nasdaq futures leading higher and crude oil prices falling more than 5% in the pre-market. The decline in volatility pushed the VIX sharply lower on Friday, triggering sell signals for VIX ETFs. Canadian equities continued to strengthen, with the TSX 60 and Vanguard Canada ETF generating buy signals, while financial and banking stocks performed well on both sides of the border.

In the U.S., major market ETFs including the S&P 500, Nasdaq, Russell 2000, small caps, and microcaps all showed improving technical strength and new buy signals. Semiconductors also returned to a buy signal, while energy stocks remained weak as falling crude prices pressured the sector. Commodity markets were mixed, with copper improving, gold and silver nearing potential buy signals, and energy-related assets continuing to struggle heading into Monday’s trading session.

Stephen Whiteside
Monday, June 15, 2026

 

Will the stock market break higher or roll over? In this weekend update, Stephen Whiteside reviews the latest action in U.S. and Canadian markets, including financials, banks, semiconductors, crude oil, and the VIX. Learn why key sectors are showing strength, what recent sell signals mean, and how risk management can help protect your portfolio during periods of market volatility. Get prepared for the week ahead with this comprehensive market outlook.

Stephen Whiteside’s June 12, 2026 market outlook highlights a cautiously bullish pre-market environment, with stock index futures trading higher while investors await a breakout from Tuesday’s trading range. Market attention is focused on the highly anticipated SpaceX IPO, though the lack of trading history limits technical analysis opportunities. Commodities are mixed, with crude oil weakness helping support equities and gold showing pre-market strength.

From a technical perspective, major U.S. indexes remain range-bound, while semiconductors continue to lead market performance with strong weekly gains. Small-cap and mid-cap stocks generated fresh buy signals, Canadian financials reached new highs, and real estate stocks showed continued strength. Most commodity sectors, including gold, silver, copper, uranium, and energy, remain on sell signals, reinforcing the current preference for equities over resource-based investments.

Stephen Whiteside

Friday, June 12, 2026

Stephen Whiteside’s June 11, 2026 market outlook highlights a cautiously bearish environment despite stronger pre-market futures. Gold continued its breakdown below both the 200-day moving average and the March lows, reinforcing the ongoing bear trend in precious metals. Major market indexes, including the NASDAQ, Dow, TSX 60, and Vanguard Total Market ETF, posted inside days, signaling indecision and leaving traders focused on whether prices break above Wednesday’s highs or below Tuesday’s lows.

Sector performance showed energy leading while materials remained the weakest group in both Canada and the United States. Financial stocks remain an important area to watch, as they continue to show relative strength despite broader market weakness. Technology and semiconductor stocks mostly traded in narrow ranges, while the VIX remained elevated on a buy signal and cryptocurrencies were largely unchanged. Investors are awaiting inflation and jobless claims data for potential market direction, although recent trading has been driven more by AI-related stocks than economic reports.

Stephen Whiteside
Thursday, June 11, 2026

Tuesday’s trading session confirmed the market’s bearish bias following Monday’s inside day. Major indexes broke below Friday’s lows, triggering further downside movement, while the NASDAQ reached its next downside target before bouncing. The VIX moved above a key resistance level intraday, cryptocurrencies weakened, and commodities remained under pressure, with gold continuing its decline and crude oil showing only modest strength in the pre-market.

Sector performance was mixed, with home builders leading while semiconductors lagged. Energy stocks generated sell signals on both sides of the border, gold stocks continued making new lows, and several major stocks, including Apple and Tesla, remained under pressure. With CPI data and U.S. oil inventories scheduled for release, the market’s next move will likely depend on incoming economic data and whether key support levels can hold.

Stephen Whiteside
Wednesday, June 10, 2026