Daily Market Analysis
2024-08-29
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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| 09:36:58 Pete |
Exit /ES 5635.25 for a 42 pt loss. I'm not going to try and force trades to make that back today. I don't think I will have the price action I need to trade /ES today. We'll see |
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| 10:03:18 Pete |
PLTR looks good. No rush. |
| 10:03:58 Pete |
I am looking for anything good and I am not finding much on either side. The price action has been very choppy and programs are probing for size on either side. |
| 10:05:36 Pete |
AAPL had a brokerage upgrade. You should always check the news on a gap up with volume. When it is a brokerage upgrade or downgrade, I never chase that crap. That is a temporary move and there is no material... |
| 10:12:38 Pete |
If you want to enjoy the holiday weekend... do this. Error on the side of not trading. Be as patient as you possibly can and wait for that perfect set up. It could take a couple of hours to align.... |
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