Daily Market Analysis
2025-02-28
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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| 09:31:00 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY - Since December you have been hearing me clamor about a global undertow that is making its way to the US. That message has been received and Asset Managers are reducing risk. Cash levels are at... |
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| 10:07:55 Pete |
This wimpy attempt at a bounce is hitting resistance. How do I know that? The overlapping candles are a sign that each little blip higher it being challenged. If buyers were firmly in control we would be seeing stacked green... |
| 10:11:33 Pete |
Typically we don't see a sustained bounce until the bid has been tested at least once. That retest gives buyers the "all clear". Unless you have the strongest stock ever, I would not be buying until I see a nice... |
| 10:12:45 Pete |
If I had a particularly weak stock, I would not fear shorting it if it is ticking lower as the market ticks higher. The thought is that we are going to test the bid at some point. |
| 10:13:43 Pete |
If the stock can shoulder this little market bounce and continue to move lower, it is not going to fly higher as the market reaches for resistance. If you get that market bid check, the bottom of the stock you... |
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