Daily Market Analysis
2023-08-28
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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| 09:57:56 Pete |
The opening gap up has been able to hold. I can't draw any conclusions yet, but we have a bullish cross pending. I expect to see a new hod during this cycle. The bounce Fri was decent and we were... |
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| 10:10:19 Pete |
We know that sellers have been present. They were going to try and smack down this gap up. That would have been a great entry point for them. They have not been able to and that tells us that buyers... |
| 10:11:06 Pete |
We've had enough proof of this and I would favor the long side. We also have a bullish cycle that is about to start . We can lean on that. Look for the strongest stocks |
| 10:23:35 Pete |
This is where we should see the breakout to a new hod. |
| 10:24:36 Pete |
During this bullish cycle we need to see it. Typically it will be a nice long green candle thru and it will have follow thru. Anyone who was short will have to cover and that is why we see continuation |
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