Daily Market Analysis
2024-07-03
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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| 11:47:13 Pete |
I hope you enjoyed the live event. I was able to exit /ES with a tiny gain. Market not going anywhere |
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| 11:48:38 Pete |
TSLA has not set up and I really need the market to show signs of weakness before I try to short it. That might not happen with only an hour left in the trading day. |
| 11:50:40 Pete |
I would also need to see weakness in TSLA and right now it bounced off of VWAP. I would need to see some long red candles back thru it. That would be a sign of profit taking. If I don't... |
| 12:24:25 Pete |
The market is making a new all-time high. Am I nervous being short CVS and SBUX? No. I have what I need to take these trades and I have a market thesis and these trades fit right into that plan.... |
| 12:47:13 Pete |
So we will see what the jobs report produces Friday. We should have a couple of decent hours of trading, but I believe that most traders are going to take the day off so the volume will be light relative... |
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