EB Daily Market Report - Wednesday, March 25, 2026

Dear Members.

First, a warm welcome to new members who joined after Tom's presentation last night. Great to have you as part of the EarningsBeats community!

Tom had something come up so I'm going to do a brief update today.

The session started strong this morning. While all major indexes are higher we've seen some intraday selling as this has recently become a "one finger on the sell button" market.

You can see that concern persists; the VIX is below recent highs but a reading of 25.50 shows a reluctance to get over invested on the long side.

It's not helping that one of the true giants in the tech world—MSFT—continues to struggle, touching levels not seen since April of last year. In fact, the entire software sector continues to be out of favor due to fears of AI taking over critical software-related tasks. I should point out that MSFT is now extremely oversold with an RSI of 27 and stochastics near 3. Perhaps we have seen the worst of the selling in the stock and if so, it could benefit the overall market.

The market remains technically damaged with all three of the major indexes sitting below their all key moving averages. In fact, the S&P touched its 200-day average, currently at 6630, earlier in the session before falling back.

There's a lot of tension in the air right now so traders are erring on the side of caution. It's easy to understand why. Until we see more evidence that the worst of the selling is over let's remain cautious as well.

At your service,

John Hopkins