Daily Market Analysis
2023-03-22
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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| 09:30:02 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY – All eyes are on the Fed. Recent bank failures caught the attention of the Fed and the market is expecting dovish comments. A 25 basis point rate hike is priced in and that is down... |
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| 09:37:02 Pete |
I am going to write an article today about game planning. I don't believe we are going to see a lot of movement before the FOMC |
| 11:12:55 Pete |
On a day like this all of the tumblers have to line up. I would be careful with longs here. 1OP bearish cross. |
| 11:13:59 Pete |
You have a steady decline from the high of the day with stacked small reds and a bearish 1OP cross. That is the biggest tumbler of all and it is not with you. Action is dull. For longs you need... |
| 11:16:27 Pete |
You might still be OK, but why risk the entry here when the stock is compressing. Let this cycle run and if the stock holds its own or moves higher you can enter when you have the chance for a... |
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