Daily Market Analysis
2024-07-11
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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| 09:31:44 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY - The market has been very strong the last few weeks, but the rally has come on light volume. That is not bearish, but it is a sign that the level of conviction is low. We've... |
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| 09:53:28 Pete |
You can see how the market is struggling to advance on good news. We have a bearish 1OP cross coming. Let's see what it brings. |
| 10:04:19 Pete |
COST with a nasty earnings reversal. Could see some profit taking at this level. Expensive stock with wide option bid/ask so tough to trade |
| 10:13:08 Pete |
Bearish engulf off of the hod. I would not take longs here with a bearish 1OP cross |
| 10:17:19 Pete |
Notice how the volume this morning is good as well. |
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