OP Wire 3/11 (OP – Lite)

After Monday’s brutal selloff, U.S. stock futures are showing signs of life, with the S&P 500, Nasdaq 100, and Dow Jones Industrial Average all ticking higher in early trading. By 07:03 ET (11:03 GMT), S&P 500 futures were up 0.3%, Nasdaq 100 futures climbed 0.4%, and Dow futures added 0.3%—a much-needed recovery after yesterday’s widespread fear-driven decline.

A Historic Bet on Downside – But Do Crowded Trades Ever End as Expected?

Monday marked the largest put option volume ever recorded, signaling extreme bearish sentiment. But if history tells us anything, it’s that crowded trades rarely play out as expected. With so many investors piling into downside protection, today could be the bounce day that catches the market off guard.

The S&P 500 dropped 2.7% on Monday, with the Nasdaq 100 suffering its worst day since 2022, and the Dow plunging 2.1%. Uncertainty surrounding Trump’s federal layoffs and government shutdown negotiations weighed heavily on investor confidence. Meanwhile, the VIX (“fear index”) spiked to its highest close since August 2024, signaling heightened volatility and panic-selling.

Corporate Earnings & Economic Data in Focus

• Delta Air Lines (DAL) Tumbles on Profit Warning
  Delta slashed its Q1 earnings forecast, citing economic uncertainty and slowing corporate spending. Shares fell further in premarket trading after Monday’s sharp drop.
• Oracle (ORCL) Holds Steady Despite Soft Guidance
  Oracle’s latest earnings report came with a slight revenue miss, but booming demand for AI-enhanced cloud services offset concerns. The company now expects faster-than-expected revenue growth in fiscal 2026 and 2027, with bookings surging.
• All Eyes on Wednesday’s CPI Report
  With the Federal Reserve set to meet next week, tomorrow’s Consumer Price Index (CPI) data could be a game-changer. If inflation comes in lower than expected, it could fuel further relief for the markets.

Oil & Gold React to Market Chaos

• Oil Prices Rebound after a three-week slide, helped by a weaker U.S. dollar despite ongoing concerns about Trump’s shifting trade policies. Brent crude is up 1.1% to $70.03, while WTI has climbed 1.1% to $66.40.
• Gold Prices Rise as investors seek safety amid recession fears, with traders watching Wednesday’s CPI report for clues on Fed policy.

Tracks to Host FREE Live Market Analysis This Week

As markets navigate extreme volatility, Tracks will be holding a FREE live market analysis session this week to break down price action, key levels, and potential trade setups. With sentiment at a bearish extreme and a historic level of put options placed yesterday, this could be the turning point no one saw coming.

Stay tuned, stack your gains, and be ready for what’s next! We will have today’s upgrades and downgrades posted in chat shortly. See you in chat

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If you want to get the plays of the day then signup for Gold, and get a FREE TRIAL