Stephen Whiteside’s Friday market outlook highlighted a cautiously bullish tone heading into the final trading day of the month, supported by lower volatility, falling crude oil prices, and continued strength in major U.S. indexes. Semiconductor stocks remained a key driver of market momentum, with the NASDAQ outperforming while the VIX stayed on a sell signal, reinforcing support for higher stock prices. The video also noted strong pre-market action in Dell following Snowflake’s sharp rally, alongside major gains in drone-related ETFs.
The analysis focused heavily on technical price targets and trend signals across major ETFs and actively traded stocks. Weakness appeared in Canadian banks and energy shares, while gold stocks showed relative strength. Key breakout levels were discussed for names including Hive, BlackBerry, Ford, Supermicro, and Marvell, with repeated emphasis on resistance zones, channel lines, and momentum continuation. Whiteside closed by reinforcing the importance of trend-following and stock market timing discipline.
Stephen Whiteside
Friday May 29, 202
