Monday, March 2, 2026

Bombs Away Over Iran

 3/2/2026

Markets sold off, Dow -500 points, on the open and then recovered the rest of the day.

Our NDX range chart grew closer to the down side blur range bound line but the PMO did as well.


 I suggested AMZN and WMT might be a buy.'

It is hard to discard an idea one has adopted. My idea that the major indexes are about to fall apart appears in serious danger. But chart patterns rule. We should know this week if the markets would rathe rally. 

T note yield reversed back above 4%. We need more evidence to embrace TBF.

Gold and silver should have completed their respective rallies, and should be poised to decline.

WTIC Crude Oil

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As the saying goes, market in vertical position further analysis quite difficult. As far as I know there are no direct barriers to sipping oil well except that the US Navy said it cannot promise protection. Hence we assume that many tankers are simply not moving. Expect higher prices in the near term.

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