Trade Plan for 3/9-3/13

Spring forward! How much will the market fall back?

Given that the market started last week still in consolidation, I treated the indices as innocent until proven guilty. I bought the dip and took profit several times, but I especially proud of how well my levels performed:

I was bearish for precious metals last week because of possible divergence and I noted strong $SI/Silver futures daily resistance at 95.195.

My crude and $XOP/oil equities levels performed well, but I will say the magnitude of the incline was unexpected. Interestingly, indices did not reflect that move as of the close on Friday.

Summary of Market Action Last Week:

· The indices chopped sideways into Thursday igniting volatility and then broke range on Friday to the downside. $ES/SPX futures and $RTY/small caps futures closed near lows for the week on Friday, but $NQ/Nasdaq futures held a higher weekly low and was once again the slight (and surprising) relative strength winner.

· Precious metals also traded in chop and declined for the week. $GDX/gold miners was the worst equity performer after 2 weeks of outperforming incides.

· $XOP/oil equities unsurprisingly booked gains in what was a historic week for $CL/Crude Oil futures, which increased a whopping 35% week over week.

Here’s how last week closed out:

For the week ahead (3/9 – 3/13/26)