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Stephen Whiteside delivers the morning market outlook for April 21, 2026. In pre-market trading, crude oil and gold are slightly down while the Dow is rising nearly 300 points, helped by UnitedHealthcare earnings. Most major index ETFs had an inside day, signaling market indecision. The VIX rose slightly but trends remain unchanged across major U.S. indices.

Canadian and U.S. stock highlights include continued strength in BlackBerry, new upside targets for Royal Bank and Nokia, and a takeover announcement for Rupert Resources. NVIDIA remains near $200, Plug Power hit a new target, and Hims & Hers broke above March highs. The outlook suggests potential buying at the open.

Stephen Whiteside
Tuesday, April 21, 2026

 

The video opens with the Monday pre-market outlook showing crude oil surging over $5 while gold and silver pull back, creating a mixed outlook for Canadian markets and weaker U.S. index futures. Volatility remains low, with the VIX making a new low and needing a close above 21.77 for a buy signal. Major index ETFs pushed to new highs last week, breaking through resistance levels that were expected to hold, suggesting continued strength unless markets close below prior lows.

Commodities and energy stocks are a major focus, with oil attempting to fill a gap after Friday’s selloff while copper breaks to new highs. Gold and silver remain in uptrends, supported by rising miner stocks. Nvidia holding above $200 is highlighted as important for market strength. Overall, the market may open weaker but is likely to form an inside day while maintaining the broader uptrend.

Stephen Whiteside
Monday, April 20, 2026

The market delivered a historic rally, breaking through resistance faster than expected despite ongoing geopolitical tension and weak consumer sentiment. The strategy now shifts from cautious to cautiously bullish, with key upside targets at SPY 750 and S&P 7500 while trailing stops move up to last week’s low.

The rally is being driven by a narrow group of leading stocks and a surge in software, tech, and financials, while energy lagged. The VIX is falling but remains out of sync with equities. The trend remains up, and the first warning sign would be daily or weekly closes below recent lows.

Stephen Whiteside
Sunday, April 19, 2026

The market is starting Friday on a strong note, with futures rising and crude oil dropping below $90, boosting investor confidence. Major resistance levels that took months to build were broken this week, and the VIX is signaling a potential weekly sell signal, which supports higher stock prices. The S&P 500 has surged above 7,000 while the NASDAQ 100 hit new all-time highs.

Big-cap tech continues to dominate market performance, with semiconductors leading gains. Several Magnificent Seven stocks are approaching key breakout levels, including Amazon, Microsoft, and NVIDIA, while Apple and Tesla still lag. Bitcoin remains range-bound near $75,000 as investors watch for a decisive breakout.

Stephen Whiteside
Friday, April 17, 2026

Chip Stocks Surge as Copper Signals Global Growth

Ahead of jobless claims, markets appear calm with futures slightly positive and volatility falling. Major indexes hit new highs, but fewer stocks are participating, showing a widening gap between mega-cap tech and the broader market. Canadian markets show mild divergence, while energy remains steady and copper continues climbing as a global growth signal.

Semiconductors remain market leaders amid the AI boom, though speculative behavior is emerging. Stephen shares a case study of a stock that surged from $100 to $400 after breaking resistance, emphasizing how trend reversals create opportunity and why following market direction remains essential.

Stephen Whiteside
Thursday, April 16, 2026

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

Stephen Whiteside opens with a pre-market overview, noting stock index futures are above fair value, commodities are mixed, oil is back below $100, and inflation data could influence market direction. He corrects a previous comment about an emergency Fed meeting, confirms the VIX remains on a sell signal, and highlights Bitcoin still consolidating near $75K while waiting for a breakout.

The market saw strong bottom-fishing with software, semiconductors, and technology leading gains while major indexes pushed higher. He reviews notable U.S. and Canadian stocks, signals new buy signals and targets, and reinforces the strategy of buying low and selling into strength while trends remain supportive.

Stephen Whiteside
Tuesday, April 14, 2026

Emergency Fed Meeting Sparks Volatile Week Ahead

Futures opened lower Monday while crude oil surged over 7.5% and gold slipped, setting the tone for a potentially volatile week filled with an emergency Fed meeting, inflation and employment data, and heavy earnings. Last week’s rally lacked confidence and volume, with markets rising on short covering and a handful of large stocks rather than broad participation.

The NASDAQ 100 hit major resistance while the equal-weighted index actually declined, highlighting weak market breadth. Software stocks remain under pressure, energy remains bullish despite last week’s pullback, and financials—especially banks—led gains. The message: lock in profits, avoid chasing weekly buy signals, and be patient as markets decide direction.

Stephen Whiteside
Monday, April 13, 2026

Stocks rallied sharply last week, fueled by short covering, institutional repositioning, and a powerful surge in semiconductor and memory chip stocks. Despite the strong move, most sectors lagged, software remained weak, and the equal-weighted NASDAQ showed declining participation, suggesting the rally lacks broad support.

With consumer sentiment at historic lows, an emergency Fed meeting scheduled, and futures falling into Monday’s open, caution is the dominant theme. Investors are advised to manage risk closely and avoid chasing new buy signals unless prepared to exit quickly.

Stephen Whiteside
Sunday, April 12, 2026

Bullish Breakouts or Market Trap? Friday Outlook

Markets head into Friday with strong weekly gains but clear signs of sector rotation. Crude oil made a new high this week but is now down nearly 8%, weighing heavily on energy stocks in both the U.S. and Canada and hinting at a potential sector top. Meanwhile gold and gold stocks continue climbing toward upper channel resistance, and major indices like the S&P 500 and NASDAQ have rallied back to key price targets after strong weeks.

Thursday’s action highlighted narrow market leadership. Pharmaceuticals, homebuilders, semiconductors, consumer discretionary, and banks led higher, while cybersecurity, cloud, software, and energy stocks struggled. Big-cap tech continues to dominate index performance, volatility is falling toward key support, and traders are watching CPI data and a potential bullish weekly close across multiple markets.

Stephen Whiteside
Friday, April 10, 2026