Market moving insight and analysis.

Join Jim Kramer, David Faber and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.

Good Friday morning.

Welcome to Squawk on the Street.

I'm Carl Kintania with Jim Kramer, post nine of the New York Stock Exchange.

Faber has the morning off.

Some slight relief and energy this morning. Brent's down a buck. Retail gas, though, of the New York Stock Exchange. Faber has the morning off. Some slight relief

and energy this morning, Brent's down a buck. Retail gas, though, goes to 391. Futures are off their

lows, but stocks on pace for a fourth losing week. That's the longest streak in about a year,

as we were unable to hold that 200-day moving average yesterday. Biggest ever March expiration today,

by the way. On roadmap begins with oil, prices erasing some earlier gains, the U.S. sending attack

jets as part of the plan to reopen the Strait of Ormooze. Shares of FedEx are up on this

quarterly beat and raised profit guidance, and they're super micro-climing as federal prosecutors charged three people, including

the company's co-founder, was smuggling servers with Nvidia AI chips to China. Let's begin,

though, with the major indices on pace for this fourth consecutive weekly decline. Jim offered

this advice to investors last night on mad money. Here's the bottom line. History says that we get this oversold. There will be a meaningful

rally, something lasting. I'm going with history. It's too stark, too accurate to do otherwise.

So you think we are oversold enough?

I think there's one more little tip.

That's been the pattern.

It could be today, even just with what we see.

But yes, the history is so strong on when you get to, I use an oscillator, an S&P oscillator.

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