Daily Market Analysis
2024-01-23
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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| 09:30:07 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY – The market made a new all-time high Friday. That lasted more than 500 days and it was the 6th longest streak ever. Earnings releases will increase this week, but the mega cap tech stocks are... |
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| 10:02:31 Pete |
We have a bullish cross and the market held firm during the remainder of the bear cycle. We are not seeing nice orderly green candles so no hurry yet. We want to make nice orderly progress to the hod and... |
| 10:32:20 Pete |
We've had an hour to observe and we've seen some of this bullish cycle. The candles are mixed and we are compressing. We are not seeing the bullish price action I wanted/expected so we are in wait and see mode.... |
| 10:46:38 Pete |
1OP crossed back down and we are making a new lod. Mixed candles to this point in the day have us in a holding pattern. |
| 10:48:29 Pete |
TLT is trading lower and the "pop" yesterday was reversed. It looks poised to move lower and new lod. That will keep some pressure on the market |
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