Daily Market Analysis
2023-06-28
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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| 09:40:57 Pete |
Travel doing well today (airlines, cruselines) |
|---|---|
| 09:53:26 Pete |
The end of the bullish 1OP cycle did not produce green candles into the gap and we are going to get the time we need to find strong stocks. Let some of this bearish cycle run and let's confirm support.... |
| 09:55:38 Pete |
When you find a stock with nice RS, set an alert. If the market dips, the stock could retrace. When the market finds support, the stock will regain its strength and you will get an alert. This strategy costs you... |
| 09:56:05 Pete |
That is how I would be spending my time. |
| 10:27:16 Pete |
Horizontal support at lod. New hod and into gap during bearish cycle points to this being a benign cycle. Volume is falling off and price is compressing. Conclusion: If you have really strong stocks that are ticking higher, start scaling... |
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