Daily Market Analysis
2024-12-11
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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| 09:31:47 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY - The price action this week has been soft and we've seen some profit taking. The volume has been decent and the headwinds are blowing. This morning the CPI came in as expected (.3%) and the... |
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| 09:39:05 Pete |
Watching for that nice red engulfing candle. If we get thru the first 30 minutes the odds are a gap reversal decrease. Nice big red very early also indicates that the fill could happen quickly. |
| 09:42:19 Pete |
A stubborn move higher with a stubborn move into the gap that takes 45 min would be a sign that there is some buying and that any fill could be a process and it could be a partial fill. I... |
| 09:45:32 Pete |
We are right at the resistance level I noted yesterday before the open. It could be as high as $606.30. While we sit here, find a good long and a good short. Start with the good short. That's where our... |
| 10:20:47 Pete |
Bearish engulfing candle off of the hod. I would be careful with longs. If we take out VWAP with ease I would have no issue shorting. |
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