Daily Market Analysis
2024-11-14
Review our intraday commentary to learn how we interpret price action and build a market narrative.
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| 09:32:36 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY - Earnings have been good, economic growth is stable, inflation is tame, the election results are known, the Fed is dovish and we are in a period of seasonal strength. As far as I am concerned,... |
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| 09:49:29 Pete |
We got the early dip. Those were a couple of long reds so I would not be considering longs here. We want the lod from Wed to hold as this bearish 1OP cycle completes. If those reds are easily erased... |
| 10:13:58 Pete |
I like this SCHW D1 breakout. There was a monthly activity report and that has the stock up this morning. This stock does not make big moves and this is just one monthly report. yes it was good, but not... |
| 10:34:22 Pete |
That last long green tells us that there are buyers. It is only one candle, but it erased the long red. We still need to establish support, but we are one step closer. The long candles are also a sign... |
| 10:48:06 Pete |
I would like to see one more probe below VWAP. That needs to find support quickly and then a nice long green candle afterwards would give me confidence that there's support. Then I would start buying (small). This is going... |
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