Daily Market Analysis
2026-04-08
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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| 09:30:12 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY - The S&P 500 is up 175 points overnight on the cease fire news. Ships are starting to pass through the strait. The overnight reaction blew through the 200-day MA and SPY is just below the 100-day... |
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| 09:37:01 Pete |
I would wait until Pete posts his market comments. @willy Wonka: Question How would you guys play this huge bounce on SPY? Will you instantly turn bullish and start putting longs or will you wait to see PA over the coming... |
| 09:41:13 Pete |
Exit Long FLS $84.41 for $7 gain. I still own May $80 calls |
| 10:04:15 Pete |
Long red candle into the gap and we are testing the 50-day MA. Bearish 1OP cycle. I would be more inclined to short an easy breach than I would be to go long. |
| 10:05:21 Pete |
If the 50-day MA holds during the rest of this bearish cycle, then we can start to consider some longs. |
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