March 20, 2026

Markets:

Stock futures fell on Friday morning as oil prices resumed their rally following a brief move lower.

Dow Jones Industrial Average futures were down 113 points, or 0.2%. S&P 500 futures slid 0.2%, and Nasdaq 100 futures were trading 0.3% lower. Futures tied to all three major averages had been pointing to a positive open earlier in the morning.

Stocks fell on Thursday but closed well off their lows after Netanyahu said Israel was assisting the U.S. “in intel and other means” to open the Strait of Hormuz. He added that Iran had lost the ability to enrich uranium and produce ballistic missiles, noting the conflict may end faster than many fear.

West Texas Intermediate futures fell sharply post-settle following those comments, giving stocks a boost off their lows of the day. Still, WTI remains more than 48% higher this month. fter initially easing further on Friday morning, oil prices resumed their rally. Global benchmark Brent futures were last seen 1.7% higher at $110.50 a barrel, while WTI futures were up 0.7% at $96.78.

The stock market could face additional volatility on Friday due to the so-called quadruple witching event — the quarterly expiration of stock options, index options, index futures and single-stock futures that occurs four times a year. As trillions of dollars in derivatives roll off the board, the event tends to lead to heavier trading volumes and sharper intraday swings thanks to investors rebalancing or unwinding positions.

Portfolio:

We enter the final trading session of the week holding setups in SERV and TALK.  Let's adjust serv stop to 8.75 here,

Key levels remain in focus:

QQQ holding above 590 is critical – it showed real strength yesterday and battled back. QQQ 587 touched again this morning pretty much PDL. That's your support today.
Resistance: 595.8 PDH level.

I'm not expecting much on QuadWitching Day.  But we are entering the Triple Witching with the highest VIX reading since September 2022! 

SPY above 650 is important, with 655 as the stronger confirmation level.

Volatility is expected today – let the setups come to you and don’t force trades.

Be on alert and ready, especially next week!  By they way, for those who love analytics and trends – pull up the market chart from last year this time and into April…what do you see 🙂  Its coming!!