Daily Market Analysis
2024-01-05
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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| 09:37:29 Pete |
The market was able to erase overnight losses and the initial negative reaction to the jobs report. ISM SERVICES in 20 minutes. I forgot to mention that |
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| 09:43:11 Pete |
The market is giving us time to look for longs. We are not stacking greens and even if we were, we should wait for the ISM services reaction. |
| 09:58:23 Pete |
I am keeping an eye on TLT. It is < 200-day MA and we don't want to see it drifting lower. ideally, it treads water and it starts to grind back to the 200-day MA. |
| 10:01:24 Pete |
ISM Serv is out. That created a small pop |
| 10:08:03 Pete |
Strong jobs and interest rates "higher for longer" is a bankers dream. |
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