Daily Market Analysis

2023-07-31

Mark As Read
Mark As Read

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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10:07:19
Pete
So the market is dead flat to start the week. We have a bullish 1OP cross. I am not expecting a big drop this morning and we have a bullish market trend and a bullish cycle we can lean on....
10:08:17
Pete
Global markets were up slightly so more of a tailwind than a headwind
10:31:01
Pete
China was up 1.5% overnight. FXI had a nice D1 breakout last week so those stocks have a head of steam and room to run
11:13:38
Pete
If your opinion is that the market is going to be flat to higher this week (me), you can structure some short term trades based on that opinion. We do have a fair amount of news coming out this week,...
11:39:56
Pete
SPY did not challenge the hod and bearish 1OP cross. Nothing too daunting on LPTE. If you are in the right stock, know that you might have to weather a little storm during this bearish cycle. If you are looking...
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