Friday’s market outlook points to a potentially stronger open, supported by the typical bullish month-end bias and higher pre-market futures led by the NASDAQ. While technology stocks staged an impressive rebound, highlighted by SanDisk’s 26% surge, the broader market remains mixed, with the NASDAQ showing relative strength while the S&P 500, Dow, and TSX have yet to confirm a broader bullish reversal. Commodities are mixed, with crude oil higher and gold under pressure, while bond yields continue to rise.
The review of weekly charts highlights weakness in bonds, resilience in the U.S. dollar, and little movement in Bitcoin. The video also examines key individual stocks, noting potential topping action in Apple, possible support forming in Tesla around $300, and continued downside risk for SpaceX toward $100. Investors are encouraged to remain focused on trend confirmation rather than reacting to short-term volatility.
Stephen Whiteside
Friday, July 31, 2026
