Daily Market Analysis

2024-12-05

Mark As Read
Mark As Read

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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09:44:33
Pete
It takes time for the programs to evaluate the price action. You shouldn't be trading the first 30 minutes anyway.   @Obi: Good Morning Everyone. Had a bit of a doubt; I used to think there was an issue on my...
13:28:32
Pete
This price action is a reminder that there's not a lot of buying or selling right now. Programs can drive this thing either way at will. 
14:06:48
Pete
Three tests of this same support level. We are likely to see a red candle thru it to trigger sell stops. That was a pretty swift little move off of the high so this move could gain traction on the...
14:29:58
Pete
Here's the issue. When you flip charts your brain zeros in on certain relationships. "Oh look that one touched the EMA 8 and it took off." The more charts you flip the more you notice it. What you don't notice...
15:01:07
Pete
Come on, come on, come on... you know you want to make a new lod. Let's get it over with. 
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