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
