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Tuesday, March 31, 2026

Trump TACO Technical Tuesday Trade = 5XT (Quintuple T) Kicks Off With a Bang

Yesterday Trump claims he's going to obliterate Iranian infrastructure, if the strait of Hormuz isn't opened immediately, and by Monday evening futures, "Trump Tells Aides He's Willing to End War Without Reopening the Strait Of Hormuz" (WSJ). 

Script Flip Just in Time for Taco Tuesday: 😅   

  • Bloomberg immediately pivots to “brutal 1st quarter...market looking to trim the losses".
  • Even Chairman Powell refused to parrot the panic narrative in his Harvard remarks yesterday. He explicitly said the Fed is in a good place to “wait and see...”

Meanwhile CNBC’s Fast Money (yesterday's panel) kept pounding the table with “we don’t love Facebook trading at 2024 levels.” Translation: they’re quietly accumulating while still sounding cautious. Jim Cramer cut through the noise, pointing out that the steep drop in Meta Platforms ($META) after the recent legal rulings is driven by fear, not fundamentals. He called the sell-off “strange” and noted these cases are often overturned on appeal.

Sound familiar? It should 

Sometimes stocks sell off for legitimate reasons, and other times stocks sell off on a scripted false narrative, until the anti-Trump rhetoric echo chamber is dialed to 11: 
  • Private Credit Fears aka Cockroaches - 2 year old story
  • ai bubble, capex spending, ai software everything takeover 3X NO
  • The economy broadening out theme falls apart - investors panic 
  • Quarterly rebalance - selling accelerated by redemptions, and now a anti-war fear porn narrative - YES! At this point is seems irrational to be selling much of anything      

Doubling Down on Recent Bullish Calls 

  • NOT $ARKK  - continue to steer clear of that one!   
  • The Only Stocks That Still Matter Mag7/ $META, $TSLA included
  • Cloud - still not making new lows - still liking these names 
  • Whatever's extremely oversold: - think financials, airlines 
  • Even bear markets rally - and these can be super-powerful! 
Yesterday's Washout on Tesla Tweeted - still holding? lol 😰 Tesla is barely down 6% in March, but if selling accelerates here, I think you're going to want to cut your losses, and watch from the sidelines - for a gap to fill around the $320 level.  
Grok/ai's final take: Quarter-end flows exaggerated the move. Pension funds and rebalancers mechanically sold into the fear. Now the air is clearing, TACO headlines are providing the excuse, Powell is staying measured, and real selling pressure is easing.This blog practically wrote itself because the market is confirming the read in real time.


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Monday, March 30, 2026

Fast Money Finally Sees Things My Way: Energy Rotation on Deck

Guess who's suddenly bearish on energy stocks? Yup, you guessed it.While I'm busy watching the tape, CNBC's Fast Money Chart Master is apparently reading this blog. Back on Thursday I called for a sudden and unexpected unwind in energy stocks — similar to what we just witnessed in the gold miners [link].Sure enough, Friday's Fast Money segment was literally titled "Is it time to sell energy?"The Chart Master himself, Carter Worth, came on and said it's time to reduce exposure to the energy sector:
"The time to buy and be aggressive was before oil spiked."
He then laid out the key levels in $XLE where the rally could stall.Sounds like the rats are getting ready to jump ship — abandoning the only safe hiding place in the market. And that can only mean one thing: we're about to see a massive pivot back into the beaten-up sectors.


Mag 7 in Focus (Pre-market)  + $MU (Micron) was up ~2.5% pre-market after the mainstream media tried to declare it in a bear market last week. Classic.
most actives pre-market: 3/30/2026


You Can't Make This Stuff Up 

Alcoa (AA) shares jumped more than 7% (and hit +10% at one point) in pre-market after WSJ reported that two Middle East peers got hit by Iranian attacks. Investors are betting on Alcoa as a beneficiary of supply disruptions.

Alcoa +10% in pre-market on WSJ Report 
Wait — Alcoa already reported strong Q4 2025 results on January 22, beating estimates on high aluminum prices and record production. Yet shares sold off on the news back then. Now they're ripping on potential supply shocks? You really can't make this shit up.


Tesla: The Eternal Shakeout Machine - remains stuck on spin cycle 
As you can see, it's made 13 recent lows while hardly giving back even 2% net from the February lows in many spots.For the record: Tesla is actually down ~6.6% from its February low of $387.53 (closed Friday at $361.83). The path has been brutal, but the net damage remains surprisingly contained.

Market Breadth Reality Check

My extremely sarcastic take:
Oh, fantastic! Nothing says “buy the dip with both hands” like Wall Street’s favorite technicians staring at 80% of the market underwater on the 50-day and calmly labeling it “marginally oversold.” 😝

Final Wrap as per Grok/ai: Earnings season is ramping up. Headlines are loud, but the tape is starting to whisper rotation. The energy "bright spot" narrative is already cracking. Stay sharp — the pivot could hit faster than the talking heads expect.
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