Oil tags $91, VIX spikes to 30, and the software bounce looks like a trap

Welcome back everyone to Stock Market Weekly Episode #822 for Friday, March 06, 2026 where we will be breaking down the most important trends, price action, and noteworthy moves across financial markets.

As always, we will share extensive analytics on the S&P500 (SPX), Nasdaq 100 (NDX), Russell 2000 (RUT), and current volatility environments.

Markets covered

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In this week’s episode

Markets sold off this week as Middle East tensions pushed crude oil toward $91 and volatility surged, with the VIX closing near 30. Major indexes like the S&P 500 and Dow broke key support levels while QQQ held inside its recent range, highlighting growing technical damage beneath the surface.

In this episode, we break down the key levels traders should watch next and what the recent price action may signal. We also look at the disconnect between oil and energy stocks, along with the sharp rebound in software (IGV) and why that bounce could face resistance.

Video episode timestamps

• 0:00 Introduction – Key Events From This Week’s Trading
• 0:29 Sponsor Spotlight IBD Market Surge Tool
• 0:56 Weekly Market Returns Across Major Indexes
• 1:18 Middle East Conflict Impact On Markets
• 1:57 Sector Performance Energy Leads The Week
• 2:32 S&P 500 Chart Breakdown And Key Levels
• 3:43 NASDAQ 100 Holds Its Recent Range
• 4:21 Dow Jones And Russell 2000 Breakdown
• 5:06 The Bullish Case For This Market
• 6:22 What A Ceasefire Could Mean For Stocks
• 8:17 Long Term Trading System Still Holding QQQ
• 10:13 Gold Crude Oil And Emerging Markets
• 11:25 Semiconductors And Software Sector Outlook
• 13:36 How To Prepare Your Trading Watch List
• 14:13 Closing Thoughts And Weekend Advice

We hope that you enjoyed this week’s episode, and look forward to having you back next week!