Markets staged a strong “Turnaround Tuesday” rally as institutions deployed cash ahead of month-end and quarter-end, triggering short covering and widespread new buy signals. Futures point higher again, gold surged, and seasonal strength into the Easter long weekend is supporting bullish sentiment.
Despite the rally, major U.S. indexes remain below key milestones like the 200-day moving average and last week’s highs. Commodities and Canadian markets are holding up better, while traders are advised to manage shorts carefully, scale into new buy signals, and remain cautious as the broader downtrend may still be intact.
Stephen Whiteside
Wednesday, April 1, 2026
