Markets are positioned for a stronger open on Tuesday, with Nasdaq futures leading higher after gains in South Korea and renewed strength in major chip stocks. Commodities are also moving higher, including crude oil, gold, and silver, which could provide support for Canadian markets despite new U.S. tariff announcements. Stephen Whiteside notes that Monday’s late-session weakness leaves traders watching closely to see if markets can break above the previous day’s highs.
The analysis highlights ongoing sell signals across major U.S. indexes, Canadian financials, and space-related stocks, while emphasizing patience rather than reacting immediately to recent weakness. Attention is also given to improving trends in copper and energy, multiple inside days across precious metals, and key support levels that continue to hold. The presentation concludes that higher commodity prices could help offset tariff concerns as trading begins.
Stephen Whiteside
Tuesday, July 21, 2026
