In this weekend’s Protect Your Portfolio, Stephen Whiteside reviews week 23, highlighting a bullish performance in North American markets, especially driven by chip and large-cap tech stocks. While cautious on the U.S. market overall, Stephen points to seasonal patterns such as the anticipated summer rally and discusses supportive indicators like the VIX’s decline and specific seasonal trade setups that historically perform well from late June through July. The bond market remains weak, which could be a concern if yields continue to rise.
Stephen also reviews key index and sector charts, noting strength in the Canadian market, which is outperforming the U.S. market. The TSX 60, semiconductors, and microcaps all show bullish behavior, while some sectors like financials and gold stocks face resistance. Despite recent rallies, he remains cautious, especially given mixed signals on investor sentiment and resistance levels. He advises against using margin and continues to monitor for confirmed trend changes.
Stephen Whiteside
Sunday, June 8, 2025
