Daily Market Analysis
2024-02-14
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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| 09:31:29 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY – Yesterday the market pulled back from the all-time high as the CPI came in slightly “hotter” than expected (.3% vs .2% expected). The reason for the drop was not because inflation is spiking. The market... |
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| 10:02:33 Pete |
So far.... so good. The market has been able to hold the gap while the bearish 1OP cycle completes. That is a sign that buyers are supporting the move. The low is also above the high from Tues. I am... |
| 10:43:55 Pete |
This is exactly where I thought the market would get into trouble. |
| 10:44:47 Pete |
Still too early to tell, but the two green candles to the hod were immediately erased so there is some sign of selling. |
| 10:58:44 Pete |
We are likely to take out the lod and fill some of the gap during this bearish cycle. |
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