Daily Market Analysis

2026-06-08

Mark As Read
Mark As Read

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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09:30:13
Pete
PRE-OPEN MARKET COMMENTS MONDAY - I took some time off last week and it looks like I missed some action. The market sold off after a nice run and that was not completely unexpected. It had rallied well above the...
09:36:22
Pete
I think you should hold it over the weekend.   @tomthebomb: Question I am long INTC  from $94 since the 29th of April and planned on swinging it longer term as long as it remained strong to the market and I was happy with...
09:39:31
Pete
If you held it, you can sell the lotto $100 calls against it and get $3.50 now. If you want to be more conservative you can sell the $95 lotto calls for $5.50. If the stock is called away you...
09:41:15
Pete
When I do these trades I am prepared to adjust risk by shorting the underlying stock. I have videos on this in The Edge.   @Michael M: Question How do you handle credit spreads with a wide bid/ask when they go against...
09:43:28
Pete
We have a bullish 1OP cycle and negative price action. I don't want to see more of the gap filled than this. To entertain early longs (not very interested in that), I would need to see a long green candle...
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