Daily Market Analysis
2024-11-08
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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| 09:36:05 Pete |
Thanks for all of the great comments. Hari and DaveW are incredible traders and the proven traders are hot on their heels. You are all learning and helping each other and that's why this community will continue to grow. Please... |
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| 10:24:38 Pete |
This is a choppy move higher on light volume after a decent run the last few days. We can expect some profit taking along the way and we have a bearish 1OP cross setting up. I would let it run... |
| 13:34:12 Pete |
LYFT buy alert triggered M5. Reset that alert and I set a line alert at the hod from today |
| 13:43:02 Pete |
This is NOT a strong rally. You can tell that from the tiny bodied mixed candles and the light volume. The farther we drift from VWAP, the greater the likelihood for a pullback. We don't have to predict that event.... |
| 13:43:45 Pete |
I would not be adding to long day trades here, I would just be trying to ride a little more out of them and focusing on profit management. |
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