Daily Market Analysis
2024-09-19
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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| 09:31:33 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY - After the biggest rate cut in years, the market barely moved yesterday. That was a little puzzling since a 50 basis point rate cut was the best possible scenario. The Fed is dovish, inflation is... |
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| 09:50:31 Pete |
Let the market come in... focus on the long side. Let the market come in... focus on the long side. Let the market come in... focus on the long side. This should be your prevailing thought. |
| 09:51:36 Pete |
What if this is a massive gap reversal? I don't want to miss this short! This is the WRONG mindset!!!!!!!!!!!!! |
| 09:52:38 Pete |
Why? If this move gets slapped into oblivion (very doubtful), you will have many, many, many opportunities to get short at a very attractive level. |
| 09:55:24 Pete |
The news is good, the technicals are good and triple witching exaggerated the move. So let it come in and know that you will have a good opportunity to buy at some point today. $566.44 is the pre-FOMC high this... |
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