Daily Market Analysis

2026-09-01

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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09:39:13
Pete
I would like to see a wimpy bounce into the gap that runs out of steam in 30 min. That would give us time to evaluate shorts. I would also like to see more than half of the gap preserved....
09:40:30
Pete
Many of the stocks that looked great yesterday and that looked poised to move higher overnight are getting trashed this morning. That makes it really hard to swing trade this market. 
09:43:04
Pete
I had a short on QCOM last week and it did not move lower with the market. Yesterday I watched it close above the 200-day MA on decent volume and I thought, "Yes I could see that bid building." This...
09:44:39
Pete
These are the types of trades that will chew up your capital. They look great one day and crappy the next. The problem is not your analysis of the stock, it is not recognizing the market backdrop. 
09:46:26
Pete
When the volume returns you think, "Shit I wish I would not have lost money trading a crappy market in August." I speak from experience and I learned this lesson many years ago. 
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