Stock Market, Crude, & Mag 8 Analysis 3-31-26

Edit: Due to a glitch in the screen recording program, the audio was not recorded. In the video, I reiterated both my near-term bounce targets along with the tight inverse correlation between the stock market & crude oil, with a meaningful drop in crude to sharply increase the odds that my bounce target, and potentially more, will be hit (vice versa, if crude rally much from here).

I also highlighted some of the upcoming events on the economic calendar this week, starting with the ADP Jobs Report tomorrow, including the fact that all eyes are on the Middle East while additional bad (or good) news on the economy could either exacerbate or derail any oversold/short-covering rally in the stock market.

Finally, I reiterated that I am only expecting a relatively minor & fleeting bounce at this time, followed by another leg down in the coming weeks to months (in equities) although several of the market-leading Mag 8 stocks have just put in divergent lows on the daily & 60-minute chart (more on that in the re-do of this video).

Technical analysis & trade updates on the major stock indices, semiconductor sector, crude oil, the Magnificent 8 stocks, & more.