Daily Market Analysis
2024-10-04
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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| 09:30:24 Pete |
Yes. Stock moves will be exaggerated and option IVs on calls will be high. You are taking gains into that. Would you rather join DaveW or trade against what he is doing? @Dave W: Gap ups are gifts for your... |
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| 09:49:19 Pete |
See... no reason to chase. We've had 20 minutes to calmly evaluate the market and to look for some longs. 1OP looks ready to have a bearish cross so we will be able to see at least a little of... |
| 10:03:04 Pete |
These nice long red candles serve a purpose. They are "markers". The only way you get long is if they are instantly reversed. 1. SPY has to close above the open of a long red candle. 2. We need to... |
| 10:07:13 Pete |
Look at the lod and AVWAPQ. Coincidence? |
| 10:12:54 Pete |
We wanted AVWAPQ to hold and we just blew thru it. That was also the halfway point of the gap and the prior day high. It is a sign that we need to keep our power dry and keep looking... |
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