Daily Market Analysis
2024-06-07
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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| 09:35:26 Pete |
You are not countering my commentary by shorting. If you have the right stock you can trade either side. I encourage that. I am more neutral than anything. |
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| 09:39:43 Pete |
It is really hard to adjust your size based on market conditions. This is next level stuff. When you have smaller positions you will feel like you can't make any money and like you are not doing your job. This... |
| 09:42:55 Pete |
If your trading is constant, you put trades on regardless of market conditions. The good trades will be harder to find and you compromise. "Oh... this one doesn't look too bad." You put the trades on and then the market... |
| 09:45:18 Pete |
The trader who respected the bearish engulfing candle on April 4th trimmed their size and they went to the sidelines. They knew that based on the trend strength from Nov - March that a buy was setting up. They waited... |
| 10:10:34 Pete |
The market dropped on the news and it filled the gap. Let's see what this bearish 1OP cycle produces. This was a good sign of support and I am expecting a fairly small retracement. If that is the case, we... |
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