Daily Market Analysis
2023-05-24
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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| 09:30:37 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY – The breakout through horizontal resistance on heavy volume last week was a head fake and we have fallen back below $417.50. Traders are operating under the notion that the debt ceiling will be raised and... |
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| 09:31:10 Pete |
Try to get some shorts on early. Don't go overboard, but have some exposure. |
| 09:32:35 Pete |
I would not worry too much about the long side. Early rel str in these stocks could falter quickly if the market has a sustained drop. |
| 09:45:03 Pete |
CLICK HERE TO WATCH TODAY'S VIDEO. |
| 09:45:49 Pete |
Focus on trading. You can watch that later. Nice steady drift lower and 1OP bearish cross pending. |
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