Daily Market Analysis
2024-02-07
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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| 09:30:28 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY - The market is digesting gains. We have seen some selling pressure the last two days. The market could compress for a week at the all-time high and that would set the stage for another leg... |
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| 09:30:53 Pete |
Anyone know what hit in the last hour? |
| 09:33:18 Pete |
Gap up to a new relative high. These are dangerous. If the gap starts to fill right away it is bearish. |
| 09:34:00 Pete |
IF IT IS FED SPEAK, THIS IS A FADE!!! |
| 09:34:20 Pete |
That is nothing new. Do not buy into this. We already know what the Fed is going to do. Powell was on 60 Minutes. No rate cuts until May.... at earliest. |
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