Daily Market Analysis
2026-02-06
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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| 09:33:37 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY - Yesterday QQQ closed well below the 100-day MA and the SPY touched that MA. The market momentum is waning. That is a sign that sellers are more aggressive and buyers are more passive. The major... |
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| 09:34:34 Pete |
I'm glad the exchanges finally corrected that bad data for SPY. That took days. |
| 09:37:51 Pete |
My TSM $345 calls are knocking on the door again. With a few hours to go I will actively manage that position. Not worried about the stock unless it grinds to $345. This will give me a great opportunity to... |
| 09:38:36 Pete |
I am short futures, but I have a lot of longs to offset that loss. That is one of the reasons I took the short. |
| 09:41:37 Pete |
I made money on my shorts, but I lost some value on my longs. I am losing money on my /ES short, but my longs are in good shape. I am just trying to adjust risk while the market figures... |
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