Markets entered Monday with the Nasdaq up more than 1% in pre-market trading as several stocks that sold off last week attracted early buying. The broader picture remains mixed: the Dow reached a new high, while the S&P 500 and Nasdaq pulled back Thursday. Canadian equities stayed constructive, with the TSX 60 and Vanguard Canada ETF on buy signals, while gold stocks strengthened into the end of last week.
The VIX and VIX ETFs remain on sell signals, which supports higher stock prices, while Bitcoin and Ethereum are showing improving technical conditions. Investors should watch for potential buy signals in gold stocks, crypto ETFs, and selected large-cap names, while remaining cautious around semiconductor-related stocks that generated numerous sell signals. Key levels include crude oil near $100 and GLD above $379.56 for a possible gold buy signal.
Stephen Whiteside
Monday, July 6, 2026
