Daily Market Analysis
2024-08-19
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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| 09:42:40 Pete |
I will post if I see something worth mention, but my focus is entirely on getting the new version released this week. |
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| 10:02:01 Pete |
FYI I am still short JPM. I have the Sept (20) $205 puts @ $7.10. That was a starter short and they are at $1.50. The rally last week was not kind to that position, but I was willing to... |
| 10:04:43 Pete |
I am also short CVX. I have the Oct (18) $150 puts at $10.45 and that was also a starter short. Stock still looks weak |
| 10:10:23 Pete |
I need to see SPY close below $548.88 before Fri to maintain a bearish bias. If we get below that level we will fill in some of the gap and we will be in a position to take out the... |
| 10:25:12 Pete |
Offsetting candles like these on light volume should instantly put you in defensive mode. This is a sign of chop. The market is not likely to do much |
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