Stephen Whiteside reviews market activity following the Father’s Day long weekend, noting that U.S. equities maintained their bullish momentum despite ongoing geopolitical uncertainty. The S&P 500 remained inside its trading channel while the NASDAQ 100 and semiconductor sector led gains, reflecting continued strength in AI-related stocks. He also highlights key technical levels for the VIX, explaining that volatility remains subdued and has not yet signaled a meaningful shift in market sentiment.
The update also focuses on weekly market signals and long-term price targets across major asset classes. New weekly sell signals emerged in both Canadian and U.S. energy sectors, while bonds generated a new weekly buy signal. Whiteside reviews important resistance and support levels for major indexes, sectors, and ETFs, emphasizing that investors should remain cautious as global tensions continue to rise and market risk remains elevated despite the current bullish trend.
