Daily Market Analysis
2023-07-21
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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| 09:33:50 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY – The SPY gained 10% in the last month. The FOMC statement will be released next Wednesday and mega cap tech companies will post earnings next week. Traders will be anxious to see if those releases... |
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| 10:51:15 Pete |
Last Friday the market had a round of profit taking and we drifted lower all day with mixed overlapping candles and from high to low the SPY lost $3. Monday the market gapped up slightly and we we had a... |
| 10:57:44 Pete |
Light volume and choppy drift lower. Gap filled. This is likely to be a dull day so use caution. |
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