The market outlook for June 4, 2026, points to growing weakness in the technology sector, with the NASDAQ under pressure in pre-market trading while the Dow is being supported by strength in IBM and Walmart. Broadcom is experiencing a sharp decline, adding to concerns about large-cap tech stocks. While jobless claims are scheduled for release, recent economic data has had limited influence on market direction. The VIX remains on a sell signal, which continues to support higher stock prices, although that situation could change quickly.
Energy remains one of the strongest areas of the market, with crude oil, energy stocks, and related ETFs generating buy signals in both Canada and the United States. Meanwhile, financials, silver miners, several technology names, and selected international markets are showing signs of weakness. The presentation highlights key price targets, potential sell signals, and areas where traders should remain cautious as the market navigates a possible rotation away from technology and toward energy-related investments.
Stephen Whiteside
Thursday, June 4, 2026
