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March 28, 2026 | Tech Talk for Saturday March 28th 2026

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

The battle between technical analysis and fundamental analysis was clearly won by technical analysis last week. U.S. fundamental analysts once again raised their 2026 earnings and revenue estimates significantly for S&P 500 companies. Despite an increasingly positive fundamental outlook, technical analysis prevailed: The S&P 500 broke below intermediate support at 6,521.92 and extended an intermediate downtrend.

In the short term U.S. and Canadian equity markets are deeply oversold: See short term momentum charts at the end of this report for background. .Only 13.40 % of S&P 500 stocks and 28.51% of TSX stocks are trading above their 20 day moving average. However, technical signs of a bottom have yet to arrive. Indeed, the VIX Index spiked to over 31% on Friday, implying that short term U.S. equity market risk has escalated.

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March 28th, 2026

Posted In: Tech Talk

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