Rising Volatility Signals a Possible Tech Pullback
The video opens with a quiet Monday pre-market, with mixed index futures and crude oil trading above $95 after nearly touching $100 overnight. Oil remains a key tipping point for equities, while gold is down and natural gas is higher. Semiconductors were last week’s strongest sector, while energy stocks lagged despite rising commodity prices. The VIX remains near a potential buy signal for the NASDAQ, suggesting traders may be preparing for a tech pullback.
Major indices remain range-bound with limited momentum. Canadian markets sit mid-range, prompting caution before new trades. U.S. markets show modest gains, with the NASDAQ leading and $750 emerging as a major upside target for both the S&P 500 and NASDAQ 100. Commodities and metals show indecision with several “inside days,” while select stocks such as NVIDIA and Intel approach key resistance levels. The video concludes by emphasizing market patience and the importance of trend-following.
Stephen Whiteside
Monday, May 11, 2026
