Daily Market Analysis
2023-04-12
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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| 09:41:37 Pete |
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|---|---|
| 09:43:32 Pete |
We are in the gap and 1OP is in a bearish cycle. We've seen selling pressure since the spike after the release. I would first be looking for good shorts since we are in the gap. This has a chance... |
| 09:44:09 Pete |
I would not be shorting yet, but I would be finding weak stocks. |
| 09:50:49 Pete |
The high from Tues failed. We are going to see more selling. |
| 10:02:25 Pete |
We easily took out the high from Tues. All of the gains from the "great" CPI number have vanished. We are seeing some support here (tails) and 1OP is about to cross bullish. I would hold off on shorts. Here's... |
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