The market continues pushing higher despite elevated oil prices and overbought conditions. Stock index futures are flat in the pre-market, the VIX is trending lower, and major U.S. indexes are approaching previous highs. The key technical signal to watch is a close below the previous day’s low, which has not yet occurred and would be the first warning of a potential trend change.
Energy stocks are pulling back after a strong run, while semiconductors and transportation remain market leaders. In Canada, financials and banks are breaking out to new highs, tech stocks are rebounding, and gold stocks remain weak. The outlook remains bullish with new upside targets across multiple sectors.
Stephen Whiteside
Wednesday, April 15, 2026
