Daily Market Analysis
2025-12-03
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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| 09:33:30 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY - During the government shutdown employment data was not collected. That is giving ADP more weighting than normal. Conditions have been weak and 32K job losses in the private sector should prompt the Fed to ease... |
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| 09:44:21 Pete |
Crypto good. |
| 09:48:31 Pete |
ADP did not cause the big drop. Futures were steady after the release and the focus is on a rate cut. The MSFT news caused the selling pressure. I am watching some of the chip stocks and they seem to... |
| 09:50:31 Pete |
SPY $680 is a fairly stiff support level this week and we are not far from it. There have been a number of touches at that level and if we test it, we could see some long red candles and... |
| 09:53:12 Pete |
I suggest letting some of this selling pressure work its way through the market. The rally stalled at the high from yesterday and that typically leads to a bid check. We have a bearish 1OP cycle starting so I would... |
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