Market Outlook: NASDAQ 100 Falls as Crude Oil Surges Above $100
U.S. and Canadian stock markets are facing renewed selling pressure, with stock index futures down across the board and the NASDAQ 100 leading the decline. The NASDAQ 100 futures contract is trading below its normal range and appears poised to test its 200-day moving average after holding the 100-day moving average for several weeks. Bearish chart patterns remain intact, while the VIX ETFs are now fully positioned for a potential increase in market volatility.
Commodities and bonds are also sending important signals. Crude oil has moved back above $100, while gold continues to trade lower and remains on a sell signal. The 30-year bond yield reached a new high as the bond price made a new low. Energy stocks face conflicting signals from higher crude oil prices and broader market weakness, while mining and gold stocks are expected to open lower. The overall outlook remains cautious, with short-term sell signals already in place.
Stephen Whiteside
Monday, September 14, 2026
