Welcome to this week's Market Outlook.
We closed last week on a bullish note as the major US indices signaled weekly buys, aligning with the Canadian market's existing weekly buy signal.
It seems the US markets are poised for an upward trajectory, potentially retesting March's recent highs.
Now, it's a critical juncture.
As always, we're keeping a close eye on the VIX, our market indicator. Any shift in market sentiment will likely manifest in the VIX.
We'll be watching for a daily close above 14.77 on Monday. If not, that threshold will adjust downward daily.
Gold showed a new daily buy signal at Friday's close, although it's currently retracing in premarket trading.
This content was originally posted on the Stock Market Timing YouTube Channel