Daily Market Analysis
2023-05-25
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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| 09:33:30 Pete |
Boom. First candle long and red. |
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| 09:35:25 Pete |
I would be a bit careful chasing tech. Some of these rallies will be real, most will be fake. It is going to take a little time to filter out the fakes |
| 10:05:07 Pete |
The first candle today is a pretty big tell. That was a smack down. The opening print filled that gap from yesterday and the high (open) from yesterday held. We are getting a bullish 1OP cross, but I suggest waiting... |
| 10:06:41 Pete |
Apart from NVDA and all of the excitement around AI, the overnight news was pretty somber. |
| 10:07:56 Pete |
I still feel a gap reversal that completely fills is very possible. If this bullish cycle does not produce, I would be inclined to short weak stocks |
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