Daily Market Analysis
2026-05-08
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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| 09:50:20 Pete |
Nice effort to test the high from Thurs. Let's see what happens here. This is the tell |
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| 10:11:33 Pete |
If the open from the last long green fails in the next 2-3 bars, I will take a starter short on /ES |
| 10:11:39 Pete |
Has to happen fast |
| 10:17:22 Pete |
Exit Long ORCL $196.61 for $12 gain on 2X or $24. I don't have a lot of confidence in this swing so I am taking gains. The chart is good, but I took a hit on some calls earlier. This more than... |
| 10:30:50 Pete |
This is a wimpy move higher and at an all-time high I would be very cautious getting long. I am looking at the short side for day trades. |
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