Market Surges 1000 Points… But the Trend Is Still Bearish

By Stock Market Timing | Mar 24, 2026
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Monday’s market action was driven by a dramatic shift from weak pre-market conditions to a sharp rally fueled by a large trade placed just before a Trump social media post. Stocks surged, with the Dow up over 1,000 points and crude oil dropping sharply, ending the day down nearly 9%.


Despite higher closes in major indices, the underlying chart patterns remain negative. The S&P 500 and NASDAQ failed to hold gains, closing below their highs and key moving averages, while volatility remains elevated. The overall trend is still bearish, with limited enthusiasm from professional buyers.


Stephen Whiteside

https://theuptrend.com

Tuesday, March 24, 2026


00:00 Introduction & Morning Market Setup

00:09 Weak Pre-Market Data (Dow, NASDAQ, Gold)

00:31 Insider Trading & Market Reversal Before Trump Post

00:47 Massive Rally & Crude Oil Collapse

01:08 Current Morning Outlook (Futures & Commodities)

01:25 Negative Market Internals Despite Higher Close

02:16 Canadian Market Strength & Gap Resistance

02:59 Moving Averages Acting as Resistance

03:19 VIX Signals & Market Volatility

03:36 US Most Active Stocks Overview

05:13 Canadian Most Active Stocks Overview

06:17 Final Thoughts: Short Covering Rally & Bearish Trend

06:45 Call to Action & Closing Remarks


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https://theuptrend.com/morning-market-outlook-20260324/