Daily Market Analysis
2024-04-12
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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| 09:31:08 Pete |
Except from my pre-open market comments Monday "The price action this week will be very telling. When buyers and sellers are paired off, we can expect lots of intraday movement on both sides. Take that into consideration when you are... |
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| 09:56:17 Pete |
SPY has been able to hold the bid during the remainder of this 1OP bearish cycle. We want to see the lod hold as it completes. That could set us up with a buy, but we have to make sure... |
| 10:00:02 Pete |
TLT up. C, WFC, STT steady. JPM weak, but it is the only one. I think we are going to find support here |
| 10:01:13 Pete |
I would be looking at the long side. Not buying, but that is where I would be looking. That side has the first potential move. |
| 10:02:45 Pete |
We saw some buying yesterday and now the market is testing the bid. If it survives the initial blow, it will try the other side. We just have to make sure that the lod holds. No hurry, 1OP is still... |
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