Daily Market Analysis
2024-10-22
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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| 09:30:22 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY - Overnight markets were generally soft and the SPY is going to open slightly lower this morning. TLT has broken below the major moving averages and it is testing a major uptrend line that started a... |
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| 09:37:37 Pete |
Be very careful with this line of thinking. "The market can't rally, the market can't rally, the market can't rally. I've been long and my positions have been withering. I think the market is going to roll over. This feels... |
| 09:40:36 Pete |
When we do see a meaningful top, it is likely to come off of a gap up, NOT A GAP DOWN. That relative high will get smacked down. The reversal will be swift and the volume will be heavy. Then... |
| 09:43:06 Pete |
When you let these bearish thoughts creep in, you will eventually act on them. When the market makes a new all-time high you will take a beating. You will look back at this super strong D1 chart and wonder how... |
| 09:45:35 Pete |
When you are in cash waiting for a dip, you have very little risk. If the dip turns out to be something more, no worries. When the dip finds support, you have upside at very least to the previous high.... |
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