Closing Bell Closing Bell Overtime: 3/27/26
11 snips
Mar 28, 2026 
Warren Pies, co-founder of 314 Research and market technician, discusses oil dynamics, technical breakdowns, and hedging strategies. He talks about how rising crude moves markets. He highlights key technical levels to watch. He outlines practical hedging approaches for downside risk.
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Short Term Bounce But No Clear Long Term Bottom
- The market is likely short-term oversold but not yet long-term oversold, so expect a bounce but continued volatility.
- Cameron Dawson cites daily RSI and percent above 50-day MA as signaling a short-term bounce, while weekly RSI and 200-day metrics haven't triggered a longer-term low.
Earnings Revisions Are Concentrated And Lag Market Risks
- Analysts are raising earnings estimates driven largely by semiconductors and hyperscaler capex, which may mask broader economic downside.
- Cameron Dawson warns earnings are lagging and analysts may be complacent, giving credit to AI-driven growth but not subtracting potential macro costs.
Be Selective Within Software During the AI Selloff
- Use this pullback to separate vulnerable software names from those resilient to AI disruption rather than buying the whole sector blindly.
- Cameron Dawson recommends focusing on areas that will be more immune to AI and are on sale, not indiscriminately buying software stocks.