Daily Market Analysis


Mark As Read
Mark As Read

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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PRE-OPEN MARKET COMMENTS TUESDAY – Hi traders… I’m back after some much needed time off. August is typically a low probability trading environment with a negative bias and so far it has not disappointed. The S&P 500 is down 30...
Good morning!
Long red bearish engulfing candle. We are going lower. 1OP bear cross pending. If you have shorts lined up, you can take starter positions. Don't chase, offer a little higher and try to enter on any little bounce
"Pete how do you know the market is going down?" I don't, but that bearish engulfing candle on SPY and the breach of AVWAPQ tells me that a major market bounce is less likely and that there is selling pressure....
Regarding WATM, tread cautiously. That strategy is best when you have a fairly neutral market. If we start to see organized selling and SPY support levels are breached, we will need to shift to CCS or PDS. This is a...