Daily Market Analysis

2025-01-10

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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09:30:53
Pete
From my swing shorting perspective, it was a bullet dodged. Good news sparked a negative reaction. That is what I wanted to see and it emboldens me to add to a swing short position in the future. 
09:32:27
Pete
From a day trading perspective, we want to see that $585 support cracked easily and then follow through selling. I don't feel that from a day trading standpoint you need to dive in. I am expecting to see some bounces....
09:33:37
Pete
I would encourage you to start looking for some potential swing shorts. You might enter them today or it could be on a bounce next week. We'll have to see what plays out today. 
09:33:55
Pete
I will be in the room until we get some sense of direction.
09:41:09
Pete
This candle was important and it has completed. Two reds and new lod. If you have a good short lined up, take a starter.
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