This weekend’s presentation focused on the strong bullish momentum currently driving global equity markets, particularly in semiconductor and AI-related sectors. Stephen Whiteside reviewed the continued strength in the SMH ETF along with major chip stocks including AMD, Qualcomm, and Micron, while also identifying important resistance targets for major U.S. indices such as the NASDAQ 100 and Vanguard Total Market ETF. The VIX continued moving lower during the week, reinforcing a bullish backdrop for equities heading into month end.
Despite the strength in headline indices, Whiteside pointed out significant weakness beneath the surface in several key sectors. Energy, financials, consumer stocks, and gold shares continue to struggle or move sideways, while many retail and restaurant stocks remain under pressure. The presentation also covered important technical support and resistance levels across U.S. and Canadian ETFs, emphasizing how traders should monitor weekly buy and sell signals in the coming sessions.
Stephen Whiteside
Sunday, May 31, 2026
