Tackle Today: Free Daily Stock Market Report
Market Sell-Off Continues as S&P 500 Tests Major Support
The S&P 500 is down nearly 2% to kick off the week, hovering around last week’s lows and challenging the critical 50-week simple moving average (SMA). This decline comes amid ongoing uncertainty surrounding trade policies, with President Trump providing little clarity on his tariff agenda. Investors are left grappling with heightened volatility as they await more concrete policy direction.
Magnificent Seven’ Stocks Lead the Sell-Off Amid Growth Concerns
The so-called ‘Magnificent Seven’ — tech behemoths like Apple, Nvidia, and Tesla — are at the forefront of the current market downturn. Previously seen as safe havens during the inflation scare of ’22-’23 due to their substantial moats, these stocks are now leading the sell-off amid growth concerns in ’25. Investors are reevaluating their positions as the economic landscape shifts, prompting a rotation away from these tech giants.
Apple Delays Siri AI Updates to 2026, Dampening iPhone 16 Supercycle
Apple has announced a delay in its AI-driven Siri features, now expected to roll out in 2026. This postponement is a significant blow to the anticipated iPhone 16 supercycle, as the enhanced Siri capabilities were projected to be a major selling point. The delay raises concerns about Apple’s competitiveness in the rapidly evolving AI landscape and may impact its market position.
DoorDash Joins S&P 500; Coinbase Left Out
DoorDash is set to join the S&P 500 on March 24, a move that initially boosted its stock price by 7%. In contrast, Coinbase shares fell 10% after being excluded from the index during the latest quarterly reshuffling. The inclusion criteria consider factors like market capitalization and profitability, and DoorDash’s addition reflects its growing market presence, while Coinbase’s exclusion highlights the challenges faced by crypto-linked companies.
Recession Fears Resurface Amid Market Correction
As is customary during market corrections, recession warnings are making a comeback. JPMorgan has increased the probability of a recession to 45% by the end of 2025, and notable figures like Jim Cramer are advising caution. This week, key economic reports, including the Consumer Price Index (CPI) and Consumer Confidence data, will offer insights into the economic trajectory. However, seasoned traders know that technical analysis and chart patterns will ultimately reveal the market’s direction.
What’s Coming Up at Tackle Trading?
The Trader’s Lounge will be held at 1:00 PM EST today as we hold another Macro Monday edition of the lounge. Come start your trading week off right!
Delta Dogs Trading Lab will start at 4:00 PM EST. Coach Frank will guide his dogs through the world of directional trading!
S&P 500 (SPY)
A critical support test for the SPY occurring after several weeks of selling pressure. The 50-weekly has not been tested in some time and bulls need a win here to establish a support level they can build on. The sentiment is extremely fearful right now and between large put buying and oversold conditions are creating a situation where we could bounce here if bulls can gain some intraday momentum.
Market Sell-Off Continues as S&P 500 Tests Major Support
The S&P 500 is down nearly 2% to kick off the week, hovering around last week’s lows and challenging the critical 50-week simple moving average (SMA). This decline comes amid ongoing uncertainty surrounding trade policies, with President Trump providing little clarity on his tariff agenda. Investors are left grappling with heightened volatility as they await more concrete policy direction.
Magnificent Seven’ Stocks Lead the Sell-Off Amid Growth Concerns
The so-called ‘Magnificent Seven’ — tech behemoths like Apple, Nvidia, and Tesla — are at the forefront of the current market downturn. Previously seen as safe havens during the inflation scare of ’22-’23 due to their substantial moats, these stocks are now leading the sell-off amid growth concerns in ’25. Investors are reevaluating their positions as the economic landscape shifts, prompting a rotation away from these tech giants.
Apple Delays Siri AI Updates to 2026, Dampening iPhone 16 Supercycle
Apple has announced a delay in its AI-driven Siri features, now expected to roll out in 2026. This postponement is a significant blow to the anticipated iPhone 16 supercycle, as the enhanced Siri capabilities were projected to be a major selling point. The delay raises concerns about Apple’s competitiveness in the rapidly evolving AI landscape and may impact its market position.
DoorDash Joins S&P 500; Coinbase Left Out
DoorDash is set to join the S&P 500 on March 24, a move that initially boosted its stock price by 7%. In contrast, Coinbase shares fell 10% after being excluded from the index during the latest quarterly reshuffling. The inclusion criteria consider factors like market capitalization and profitability, and DoorDash’s addition reflects its growing market presence, while Coinbase’s exclusion highlights the challenges faced by crypto-linked companies.
Recession Fears Resurface Amid Market Correction
As is customary during market corrections, recession warnings are making a comeback. JPMorgan has increased the probability of a recession to 45% by the end of 2025, and notable figures like Jim Cramer are advising caution. This week, key economic reports, including the Consumer Price Index (CPI) and Consumer Confidence data, will offer insights into the economic trajectory. However, seasoned traders know that technical analysis and chart patterns will ultimately reveal the market’s direction.
What’s Coming Up at Tackle Trading?
The Trader’s Lounge will be held at 1:00 PM EST today as we hold another Macro Monday edition of the lounge. Come start your trading week off right!
Delta Dogs Trading Lab will start at 4:00 PM EST. Coach Frank will guide his dogs through the world of directional trading!
S&P 500 (SPY)
A critical support test for the SPY occurring after several weeks of selling pressure. The 50-weekly has not been tested in some time and bulls need a win here to establish a support level they can build on. The sentiment is extremely fearful right now and between large put buying and oversold conditions are creating a situation where we could bounce here if bulls can gain some intraday momentum.
Market Sell-Off Continues as S&P 500 Tests Major Support
The S&P 500 is down nearly 2% to kick off the week, hovering around last week’s lows and challenging the critical 50-week simple moving average (SMA). This decline comes amid ongoing uncertainty surrounding trade policies, with President Trump providing little clarity on his tariff agenda. Investors are left grappling with heightened volatility as they await more concrete policy direction.
Magnificent Seven’ Stocks Lead the Sell-Off Amid Growth Concerns
The so-called ‘Magnificent Seven’ — tech behemoths like Apple, Nvidia, and Tesla — are at the forefront of the current market downturn. Previously seen as safe havens during the inflation scare of ’22-’23 due to their substantial moats, these stocks are now leading the sell-off amid growth concerns in ’25. Investors are reevaluating their positions as the economic landscape shifts, prompting a rotation away from these tech giants.
Apple Delays Siri AI Updates to 2026, Dampening iPhone 16 Supercycle
Apple has announced a delay in its AI-driven Siri features, now expected to roll out in 2026. This postponement is a significant blow to the anticipated iPhone 16 supercycle, as the enhanced Siri capabilities were projected to be a major selling point. The delay raises concerns about Apple’s competitiveness in the rapidly evolving AI landscape and may impact its market position.
DoorDash Joins S&P 500; Coinbase Left Out
DoorDash is set to join the S&P 500 on March 24, a move that initially boosted its stock price by 7%. In contrast, Coinbase shares fell 10% after being excluded from the index during the latest quarterly reshuffling. The inclusion criteria consider factors like market capitalization and profitability, and DoorDash’s addition reflects its growing market presence, while Coinbase’s exclusion highlights the challenges faced by crypto-linked companies.
Recession Fears Resurface Amid Market Correction
As is customary during market corrections, recession warnings are making a comeback. JPMorgan has increased the probability of a recession to 45% by the end of 2025, and notable figures like Jim Cramer are advising caution. This week, key economic reports, including the Consumer Price Index (CPI) and Consumer Confidence data, will offer insights into the economic trajectory. However, seasoned traders know that technical analysis and chart patterns will ultimately reveal the market’s direction.
What’s Coming Up at Tackle Trading?
The Trader’s Lounge will be held at 1:00 PM EST today as we hold another Macro Monday edition of the lounge. Come start your trading week off right!
Delta Dogs Trading Lab will start at 4:00 PM EST. Coach Frank will guide his dogs through the world of directional trading!
S&P 500 (SPY)
A critical support test for the SPY occurring after several weeks of selling pressure. The 50-weekly has not been tested in some time and bulls need a win here to establish a support level they can build on. The sentiment is extremely fearful right now and between large put buying and oversold conditions are creating a situation where we could bounce here if bulls can gain some intraday momentum.
