Daily Market Analysis
2024-05-09
Review our intraday commentary to learn how we interpret price action and build a market narrative.
Drag the blue slider to reveal the day's price action. Dots on the timeline represent comments and can be clicked. View the table below for all market-related comments and annotated charts (including those from after hours).
Abbreviated Comments View all
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| 09:30:57 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY - The market broke through key resistance at the 50-day MA and AVWAPQ this week. We need to see follow through buying the next two days and the week needs to finish strong. If resistance is... |
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| 09:31:07 Pete |
Good morning! |
| 09:55:19 Pete |
The early action is a bit lack luster and it might take a while for us to find direction. If you zoom out on a M5 chart you can see the last two trading days have been trapped in a... |
| 10:00:19 Pete |
I like SHOP as a short. It is testing a major trendline D1. It is below all of the major moving averages and the earnings reaction was negative. Alert set at lod from Wed. No reason to take a trade... |
| 10:00:59 Pete |
Nice pick. You beat me to the punch. @Swole: best feeling in the world View |
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