Daily Market Analysis
2024-09-09
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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| 09:49:01 Pete |
Bullish 1OP cycle is spiking. Market compressing at hod and not able to advance. I suggest having your alerts set on bearish stocks. If we go into the gap we will test the downsiide |
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| 09:57:08 Pete |
Personally I would have to see a benign bearish cycle with the market hugging the hod before I can entertain day trading longs. Even then, I am more interested in waiting for a good short to set up so I... |
| 10:21:58 Pete |
GOOG < prior low on good volume. Also on M5 sell signal |
| 10:26:01 Pete |
I have enough confidence to put starter shorts on here. 1. Bearish 1OP cross. 2. Resistance holding at AVWAPQ. 3. Two nice reds off of hod. 4. < VWAP. The selling Fri is the main thing. Nice bounce and half... |
| 10:29:09 Pete |
I the market going to hell in a handbasket? Don't know. I only know that I would feel comfortable shorting weak stocks that were not able to bounce this AM. |
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