Daily Market Analysis
2024-08-05
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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| 09:39:59 Pete |
ALL DATA, ALL EXCHANGES, ALL MARKET MAKERS ALL BROKERAGE PLATFORMS WILL STRUGGLE TO KEEP UP. THIS IS WHAT HAPPENS ON THESE BIG MOVES. |
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| 09:41:41 Pete |
In 1987 you could not get out of any positions. Everything was done by phone. The Nasdaq market makers were instructed not to pick up the phone. Imagine that. This will settle down. |
| 09:54:10 Pete |
Trading a "fast market" is just another lesson that you won't get from reading a book. You have to live it and it is part of the journey. Learn from it. @Scotty: How is this acceptable? They filled my market... |
| 09:58:05 Pete |
Look for stocks that breached major technical support and that are not able to challenge it on any market bounce. Those will be good longer term shorts. You just have to wait for things to settle down. |
| 09:59:09 Pete |
I think Crammer said CRWD is a buy last week... for all that's worth. Know that there are some followers of his that are providing support. Those are some very "weak hands". |
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