EB Daily Market Report - Friday, March 14, 2025

Dear Members.

The market turned out to be rocky yesterday but is making up for some losses today with all of the major indexes nicely higher.

The VIX has cooled as traders put some money to work but it's still elevated at 22.50. And all of the major indexes remain below all key technical levels, so the bears still have the advantage.

With the non-stop selling of late it's quite possible we could see some additional relief in the near term. To the upside, the bulls have their eyes on the 200 day moving average, currently at 5740. But we need to see how the market closes; gains have been tough to hold onto these days. If we do see selling pick up we need to watch yesterday's low of 5504. So this is now the current range; 5504 to the downside and 5740 to the upside. 

I want to wish everyone a restful weekend and Tom will be back Monday with his Weekly Market Report.

At your service,

John Hopkins