Stocks are showing a bullish bias into month-end with futures trading above fair value and the VIX still on a sell signal, supporting higher prices. Energy led markets while materials and gold stocks weakened, and several Canadian stocks including CGI, FirstService and Canadian National Railway helped pull the TSX lower. In the U.S., markets were mostly quiet with strength in semiconductors but weakness in small caps.
Big tech earnings are driving attention with Amazon and Alphabet pushing toward upside targets while Meta is breaking down and Microsoft remains on a buy signal. Commodities are mixed with crude oil and gasoline hitting new highs while most mining assets remain on sell signals. Bitcoin is near a sell signal as investors rotate capital elsewhere.
Stephen Whiteside
Thursday, April 30, 2026
