Daily Market Analysis
2024-03-12
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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| 09:30:18 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY - The big news was the CPI this morning. It came in at .4% which was inline, but well above the Fed's target. The market rallied on the news and then gave back the gains. ORCL posted... |
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| 09:39:17 Pete |
That early gap up failed right away. Let's let the market come in. The pre-open market move told us to wait and watch. |
| 10:22:24 Pete |
There has been some volatility this morning. We should expect that to continue. Overseas markets were fairly strong and that is helping this morning. TLT is sitting right on the 50-day and it is just above the 100-day MA. Bonds... |
| 10:24:39 Pete |
The market drives ALL of our trading decisions. It determines which side we are favoring and how aggressive we are with our sizing. These are the "tea leaves" for this morning. |
| 11:13:16 Pete |
Nice rally. If we can recapture the hod right away after those two red candles... no worries. If we struggle to do so in the next 4 bars, we should respect the bearish 1OP cross. We've seen volatility today and... |
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