Daily Market Analysis
2025-04-02
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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| 09:46:00 Pete |
There is the bounce. I expected as much. There was no reason for the market to drop like that after a decent ADP number. |
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| 09:47:04 Pete |
MRK is a good short, but I would not hurry on it. Let the market rally complete. MRK is not known to make big moves so try to enter on a bounce |
| 10:00:23 Pete |
I want to see the market struggle to recapture that last red candle. That would be the first sign of resistance. If we make a new hod with ease, we will fill the gap. I am still leaning towards we... |
| 10:01:33 Pete |
So this green candle did erase that red candle and it tells me that the market is NOT ready to roll over. |
| 10:04:31 Pete |
I am a short term trader and I do NOT trade LEAPS. I might expire before they do. Your question was posted before my video. Please make sure to watch it and you will have your answer on longer term... |
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