Daily Market Analysis

2024-12-20

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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09:33:18
Pete
PRE-OPEN MARKET COMMENTS FRIDAY - It has been a nasty triple witch and the FOMC statement sparked some selling. Politicians aren't doing the market any favors and it looks like we are going to have a government shutdown. The market...
09:35:43
Pete
Good morning! A wimpy bounce with mixed overlapping candles is our best set-up. We saw weakness Wed and we could not get off the deck Thurs. We are down this morning. That is a sign of selling pressure. We want...
09:40:57
Pete
This is a time to stalk. We are going to sit by the watering hole and see who stops by.
09:42:53
Pete
If we reverse that long green candle on this bar, that would be a bearish sign. 
09:46:07
Pete
If we take out the lod in the next bar or two I will short. I will post it. If it takes longer than that... no trade. It has to happen fast because that is a sign of urgency. 
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