2026-03-10 Afternoon Stock Report

Market Overview

• Regime: Bullish Rebound. Markets reversed early losses to close higher, led by a massive 1.4% jump in the Nasdaq (QQQ).
• Key Drivers:
  • Geopolitical De-escalation: Hopes for a resolution to the Iran conflict following remarks from President Trump.
  • Tech Earnings: Blowout Q3 results from Oracle ($ORCL) after the bell.
  • Yields & Dollar: 10-year Treasury yield rose to ~4.16%; Dollar Index (DXY) dipped to ~98.7-99.2 on reduced safe-haven demand.
• Risk Flags: February CPI data due tomorrow morning (March 11, 08:30 AM ET). Expect volatility.

High-Priority Setups

1. Oracle ($ORCL)
   • Thesis: AI-driven hypergrowth. RPO surged to $553B (+325% YoY). Cloud IaaS grew 84% (per X/Twitter reports).
   • Catalyst: Strong Q3 earnings beat and raised FY27 guidance ($90B).
   • Risk: High valuation after the 8%+ post-market jump.
   • Bias: Bullish.
   • Invalidation: Failure to hold above the $158-160 breakout zone.
   • Chart:
2. Nvidia ($NVDA)
   • Thesis: Continued AI dominance; Oracle’s results confirm massive ongoing demand for GPU/AI infrastructure.
   • Catalyst: Halo effect from ORCL’s AI infrastructure growth (+243% in certain segments).
   • Risk: Profit-taking ahead of CPI.
   • Bias: Bullish.
   • Invalidation: Close below today’s low.
   • Chart:
3. Nasdaq 100 (QQQ)
   • Thesis: Tech-led recovery as yields stabilize and earnings provide a fundamental tailwind.
   • Catalyst: 1.4% gain today showing strong buy-the-dip appetite.
   • Risk: CPI print tomorrow could derail the rally if inflation comes in hot.
   • Bias: Neutral-to-Bullish (Pre-CPI).
   • Invalidation: Break below the 200WMA support zone mentioned in sentiment reports.
   • Chart:

Watchlist / What Changed Today

• SPY: Closed +0.7%. Stronger but lagging QQQ.
• IWM: Small caps also showing signs of life as safe-haven demand eases.
• Iran Conflict: Markets are pricing in a “very complete” resolution per recent headlines.

Bottom Line

Bullish momentum has returned ahead of tomorrow’s critical CPI report. Oracle’s earnings provide a massive fundamental boost to the AI narrative. Use caution and tight stops going into the 08:30 AM ET inflation data.