Daily Market Analysis
2025-03-07
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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| 09:31:21 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY - This week the selling pressure has continued. Yesterday the market broke below the 200-day MA and it's lost 7.5% in the last few weeks. The path lower has been bumpy, but that should be expected... |
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| 09:39:21 Pete |
If you see an early wimpy bounce, don't bite. We will not see a sustained bounce until we probe for support. FOMO Joe is a bottom picker. In addition to being a nasty personal hygiene habit, it is bad for... |
| 09:42:37 Pete |
Are you counting the ones on your posts? @Tobias: (my stop signal is more then 4 question marks or 10 laughs ;-) just kidding) View |
| 09:45:15 Pete |
You can see from the pre-open and post open reaction to the number that there is indecision. That means that you should NOT trust the initial moves. Programs are going to test the bid and ask and it might take... |
| 09:53:33 Pete |
You should be focused on finding strong stocks, but not trading them until we test the bid. I am NOT a fan of looking at the consumer defensive stocks that have been RS. I want to see nice moving tech... |
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