EB Daily Market Report - Friday, March 27, 2026

Dear Members.

Just a reminder that Tom Bowley will conduct his "Q2 Market Update" next Monday, March 30 at 5:30 pm EST. This event is exclusive to our Annual Members so if you are currently a monthly or trial member you can take advantage of our Membership Special running through next Monday.  https://www.earningsbeats.com/public/Membership-Offer-March-2026.cfm

The market remains in a foul mood with all major indexes lower as traders continue to climb the wall of worry connected to unsettling world events. 

The S&P has now moved to its lowest level since September 2025. Although the market is showing signs of being oversold, traders seem reluctant to be on the long side going into the weekend.

The VIX is telling a story as it topped 30 earlier in the session before pulling back a bit. Although government bond yields are off the day's highs, the 10-year Treasury Note is at a level not seen since July of last year as investors move to safety.

As usual, we'll want to see how the market closes: will there be some bargain hunting or could we see additional selling into the close? The next key price support on the S&P is now 6360. To the upside, the bulls will minimally look to close back above today's high of 6453 with yesterday's high of 6573 next. On the technical side, the bears will continue to hold the upper hand unless the S&P can clear its 200 day moving average of 6635, a tall order at the present time.

One thing to consider: We've seen on more than one occasion that the market can climb swiftly on major, positive developments. This doesn't mean this will continue but if it does, those on the short side could find themselves scrambling to cover positions. Still, at this exact moment we have to respect what we're seeing and should continue to proceed with caution until things change significantly.

Tom will be back with his Weekly Market Report on Monday.

At your service,

John Hopkins