Daily Market Analysis
2023-12-12
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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| 13:05:21 Pete |
VXX has just been getting pounded the last few days. Even with the CPI and FOMC. Obviously no one is expecting a bearish reaction. |
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| 13:09:57 Pete |
To a degree it is not even a matter of what institutions expect will happen with the CPI or the FOMC. These huge banks are executing brokers along with the likes of Citadel. When they see huge orders to buy... |
| 10:02:12 Pete |
Your mindset for day trades should be "CPI did not spark excitement. Light volume inside day ahead of a major event. Early chop is consistent with this. Market bid has been strong so favor the long side." |
| 10:05:17 Pete |
If you are truly day trading, your entry has to be excellent. You want those trades to perform early and that cushion is needed. If you enter day trades poorly, you will be increasing your exposure by hanging on to... |
| 10:12:47 Pete |
I would be cautious with longs. Do not overload!!! That is the temptation and there are some warning signs!!! |
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