Epic Fury

I turn my screens on every day. – TG Macro

This week, the market stopped joking around.

Oil ripped higher, volatility woke up, and the S&P just closed below its 200-day moving average for the first time since May 2025.
Credit markets started flashing warning signals, and traders suddenly remembered something they hadn’t thought about in a while: risk is real again.

Geopolitics lit the fuse.
The Trump administration is calling the Iran strike “Epic Fury,” but the real tremors are showing up in markets: oil, credit, volatility, and currencies all moving at the same time.

The tape isn’t broken yet. But the message is loud.

This is no longer a casual bull-market grind; this is a battlefield.

Market Dynamics

· Oil Exploded Higher: Brent crude pushed toward the $100 level as tensions around Iran and the Strait of Hormuz intensified. Energy instantly became the center of gravity for global markets.

· The S&P Lost Its Technical Cushion: The index closed below its 200-day moving average for the first time in nearly a year. That level has been the bull market’s safety net.

· Credit Markets Flashing Stress: High-yield ETFs slipped below their own 200-day levels, and private credit is starting to wobble as lenders reassess collateral values.

· The Dollar Pressing Resistance: The DXY is leaning on a massive technical level; if it breaks higher, it could pressure risk assets globally.

· Energy Dominating the Leaderboard: North American oil and gas names, along with oil-services stocks, remain some of the strongest performers of the year.

· War Trades Emerging: Uranium and rare-earth related trades are quietly holding firm while most sectors deal with the geopolitical shock.

· Fear vs. Greed Returning: After months of smooth upside, the tape is reminding traders that risk events can appear suddenly and markets adjust fast.

· Volatility Is Back: The VIX jumped into the mid-20s and held above the 20 level, a zone traders associate with high-risk conditions rather than complacency.

View Matrix

This week was about defense and discipline.

Stops were raised across several positions as volatility surged. Protecting profits takes priority when the tape starts behaving like this.

You know how a trader thinks, hunt like a predator.
Added a new ticker on 9th March and, managing risk.

Because moments like this, when oil, credit, currencies, and equities all start moving together, are exactly when the next major trades are born.