Daily Market Analysis
2026-07-09
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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| 09:30:48 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY - The market is stuck in a horizontal trading range and the momentum has stalled. The major moving averages are catching up and we are testing the 50-day MA regularly. A wedge pattern has formed in... |
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| 09:38:06 Pete |
That is a nice one. I plan to ride it longer. I like the D1 breakout @Hee: Thanks for the PENG swing call out Pete! View |
| 09:52:30 Pete |
I am looking at the short side. Not because I am overly bearish, but because that is where I am likely to find my first trade if the initial move is wimpy. If this move higher gains traction, I will... |
| 09:57:23 Pete |
Careful on COST. You don't want to chase a big move down on that stock. Look at how choppy it is. Those big moves reverse. What's the big news? Did they sell fewer rotisserie chickens? @MallowMushroom: Looking at a PDS... |
| 09:59:59 Pete |
Never chase choppy stocks like financials and retail. There is no earth shattering news to justify big drops. |
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