Daily Market Analysis
2023-05-19
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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| 10:02:46 Pete |
Buyers have been able to hold the gap and fend off profit takers. Let's see what happens during this bearish cycle. If we hug the hod, we are going higher. |
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| 10:19:55 Pete |
Nothing I see on the long side excites me very much. I have 1OSI alerts on CRWD and FTCH |
| 10:29:59 Pete |
As I am flipping I am trying to find laggards that are breaking out. Those have more upside potential. Many of the 52-week high stocks look tired after big runs |
| 10:43:15 Pete |
The largest candles today have been red. There is some resistance. Powell in 20 min and I can't imagine anything dovish coming out of his mouth. This could be a cold splash of water. |
| 10:59:38 Pete |
Let's see some talons "Jerry". A good drop is our best chance for movement. |
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