Stocks, Gold & Oil Outlook
Thursday’s market outlook points to a cautious environment, with U.S. stocks showing mixed pre-market action and new sell signals emerging outside Canada. The TSX 60 and Vanguard Canada ETF remain relatively quiet, while the S&P 500 and NASDAQ 100 face resistance and continue to show a pattern of lower highs. Jobless claims and inflation data could influence the market’s direction, while gold and crude oil are both trading higher.
Several individual stocks are approaching important technical levels. Suncor is testing major resistance near its May high, while Royal Bank and Manulife are close to potential buy signals. Nvidia remains on a buy signal with $237.50 as the next target if its recent high is broken. Overall, the outlook emphasizes watching support, resistance, channel levels, and emerging sell signals as short-term weakness could develop into longer-term trends.
Stephen Whiteside
Thursday, September 3, 2026
