Daily Market Analysis
2024-09-04
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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| 09:30:15 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY - Yesterday the market gapped down and it drifted lower the entire day on good volume. VIX/VXX rallied and that provided a "tell" that we were in a bearish trend day. Minor horizontal support at SPY... |
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| 09:34:44 Pete |
Good morning! JOLTS in 30 min |
| 09:35:39 Pete |
Overseas markets were weak. Japan in particular so the yen carry trade is still unwinding |
| 09:50:33 Pete |
I had a ton of alerts trigger on the open. I am going through Alert History one-by-one and setting new alerts based on alert lines. |
| 10:03:00 Pete |
That red bar was the JOLTS number |
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