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Morning Market Outlook 20260622

Stephen Whiteside’s June 22, 2026 morning market outlook highlighted a quiet start to the trading week, with no major economic reports scheduled and only minor pre-market movement in stock index futures, crude oil, and gold. The VIX remained supportive of higher stock prices after closing below its lower channel line, while key market ETFs such as the TSX 60 and SPY remained close to potential sell signal levels, placing investors on alert for any change in market direction.

The presentation also reviewed major commodities and leading stocks. Gold remained on a sell signal while gold stocks showed mixed performance, crude oil continued testing important support levels, and natural gas remained on a buy signal pending a breakout. Among large-cap technology stocks, the NASDAQ 100 stayed on a buy signal, while several Magnificent Seven components, including Apple, Meta, Microsoft, NVIDIA, Shopify, and Tesla, remained under pressure, reflecting a market that is stable but lacking strong upside momentum.

Stephen Whiteside
Monday, June 22, 2026

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