Daily Market Analysis
2024-08-26
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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| 09:30:35 Pete |
PRE-OPEN MARKET COMMENTS MONDAY - Regardless if you were bullish or bearish the last month, you were right and wrong. The market sold off 10% and it bounced back. My stance has been to keep swing trades to a minimum... |
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| 09:37:22 Pete |
Good morning! There will be times when you won't know which way the market is going to go. Your confidence is low and that means you trim your trade size and trade count. I talk about this extensively in my... |
| 10:39:43 Pete |
QQQ thru 50-day MA |
| 11:07:38 Pete |
Short /NQ 19603 small. I feel we could test the lod once more. If we blow thru the 50day MA I might add. |
| 11:10:48 Pete |
My stop is VWAP and I don't want to linger around. This move needs to happen soon or it won't happen. I am prepared for dull choppy trading this week so from that perspective, we have probed for support and... |
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