Daily Market Analysis
2025-04-16
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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| 09:30:50 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY - The market bounce was substantial and the high from a week ago has established a short term high. SPY $550 is a horizontal resistance level and the market is treading water just below it as... |
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| 09:31:11 Pete |
From a swing trading standpoint the puts you sold a couple of weeks out should be safe. If they are trading for pennies, you have realized your gains, buy them back. For remaining open positions I would not worry about... |
| 09:54:12 Pete |
Short /ES 5366. I added to my /ES position and ave is $5369 |
| 10:00:12 Pete |
I mentioned that this could get "ugly" in my pre-open comments and I still feel that way. I would be taking short positions. Start small and add on confirmation. |
| 10:19:17 Pete |
Short USB $37.90 |
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