Daily Market Analysis
2024-07-02
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
Click to expand content and reposition slider.
| 09:30:29 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY - The last leg of this market rally has featured tiny compressed candles and light volume. Asset Managers are not going to chase stocks at this level when the forward P/E is 21. They will buy... |
|---|---|
| 09:43:45 Pete |
This is why we don't care about extended hours price movement. I get asked about it all the time. It is meaningless. On light volume the futures can be pushed around. |
| 09:44:24 Pete |
Wait for the open and then evaluate the price action during normal trading. That is when the institutions are busy |
| 09:57:40 Pete |
Nice bounce in TLT, but that is still a big breakdown. I have an alert set at the lod. Let's see if it can hold the gap. |
| 09:58:09 Pete |
The ECB said that they are not likely to cut rates any time soon even with inflation starting to decline. |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial