Hit & Run Candlesticks – Your Road To Wealth
Market Update: Bears Maintain Control as Geopolitical Tension Rises
The broader markets—including the SPY, RSP, DIA, QQQ, and IWM—are all firmly trending lower. If you simply look at the Price Action, the T-Line, and the Trendicator, the technical picture is undeniable: the bears are in complete control of this tape.
The Fear Factor
The VIX isn’t just rising; it’s screaming fear. With Price, the T-Line, and the Trendicator all aligning to lead a strong upward trend in volatility, market participants are clearly on edge.
While it is true that the market is currently oversold, it is vital to remember a core trading principle: oversold is a condition, not a reason to trade. Markets can remain in an oversold state far longer than most traders can remain solvent.
The Fundamental Driver: Iran and Energy
The primary catalyst for this downward pressure remains the high gas prices stemming from the ongoing Iran conflict. As of 6:30 AM on March 26, 2026, there has been no significant shift or de-escalation in the war. Without a change in the geopolitical landscape, I expect continued weakness in the equity markets.
Strategy Moving Forward
We are keeping a close watch on our Road to Wealth charts. These remain our primary stocks of interest; however, we will remain patient. We will only consider an entry when the price action confirms the time is right.
Stay disciplined and respect the T-Line.
Current Positions: MRK, NFLX – Not buying much right now due to market conditions
Stocks of Interest: CHWY, NFLX, OGE, PFE, PYPL, KEY, CLDX, MRVL, KRE, WFC, CNIO, NBIS, RKLB
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