Stephen Whiteside’s May 4th morning outlook reviews pre-market conditions with index futures slightly below fair value while crude oil rebounds above $100. Energy and gasoline are expected to move higher, while gold, silver, and gold stocks remain on sell signals. The Canadian and U.S. energy sectors continue holding key support levels, suggesting buyers may step in on pullbacks.
The NASDAQ 100 and major tech stocks recently hit new highs, giving traders chances to lock in profits. Apple and AMD showed strength, while NVIDIA, Microsoft, and Meta show weakness or caution signals. Tesla’s buy signal is being ignored due to expected market softness at the open, with traders watching for confirmation signals and volatility from the VIX.
Stephen Whiteside
Monday, May 4, 2026
