The Week Ahead

Good morning! Happy Monday!!

Stocks are gapping higher pre-market on news Trump will postpone strikes on Iranian energy infrastructure. 

I remain cautious. To me - the path of least resistance is to the downside. 

Let's walk through a few charts. 

Here's the daily S&P 500 chart. As of late - its been a cascade of lower lows.

The Dow Jones Industrial Average dropped more than 2% last week, closing at its lowest price since 10/10/25. Look out below.

Consumer discretionary continues to fall. On Friday, $XLY closed at its lowest price since late-June. 

Technology has yet to tumble from its multi-month sideways range. 

$XLK is living on the edge. 

I'm looking to spend the week on the sidelines. There's no need to be a hero in today's tape.

Trade safe!

PS - my friend Jason Perz, our resident commodities expert, is going live Thursday March 26th to share how he finds opportunities amidst a messy macro environment.

Jason and I follow different markets, but I love hearing his thoughts on the current environment. You don't want to miss this!

Disclosure: This is not financial advice.