Daily Market Analysis
2025-02-03
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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| 09:45:18 Pete |
A long red closing below the opening price is what I am watching for. Anything into the gap doesn't interest me much. This is not good news for the market and I would not trust any bounce until we probe... |
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| 09:54:55 Pete |
Something to be aware of if you are an investor. I warned you about this a few weeks ago. If you own shares of any Chinese stock, make sure that it is not a VIE. Most of them are. In... |
| 09:58:23 Pete |
This is a warning and nothing more. I am not going to speculate on who makes money on this or how it is going to play out. Please don't post questions of that nature. |
| 09:59:42 Pete |
This is going to be a gradual drift lower. Buyers were not able to drive the market into the gap and now sellers are going to keep the pressure on. I would favor the downside and I would watch for... |
| 10:11:17 Pete |
Green candles on the way down should not be feared. They should be welcomed. You want to see them erased in 3-4 bars. If they are immediately erased it is a sign the selling pressure is heavy. |
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