Daily Market Analysis
2025-01-07
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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| 09:32:19 Pete |
I use the measured moves for index and I explain why I don't use them for stock. Fib works but then you have to determine which level is important. I keep it very simple. Whether something works or it doesn't... |
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| 10:02:00 Pete |
ISM Serv 54.1. That was better than expected and JOLTS was too |
| 10:04:38 Pete |
Why is the market down? You would have to ask the "talking heads" on CNBC. I'm sure they will have an answer. My answer is that there is selling pressure. Either way they were ready to sell the news. If... |
| 10:05:31 Pete |
If we take out the low from yesterday we will fill more of the gap. We are just above the 50-day MA |
| 10:14:00 Pete |
I know you hear me bashing CNBC all the time. I have nothing against those anchors apart from the fact that they are clueless when it comes to trading. In all the times I've watched the program (15 years ago),... |
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