Daily Market Analysis
2024-01-25
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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09:31:37 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY – The market is climbing the “wall of worry”. This morning it dodged a few more “bullets” and the futures are up nicely.Overnight earnings reactions were generally positive, the ECB statement is behind us and the... |
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09:54:28 Pete |
I'm self-deprecating. I can read financial statements as well or better than most. I actually do know a lot about companies, because it interests me. As you know from my writings, I don't have the resources that large institutions have... |
10:04:31 Pete |
Stubborn little bid check with a bearish 1OP cycle. We want to spend time here and let it complete. If we do that, we have a chance for a nice rally and to test the high from Wed. I am... |
10:21:37 Pete |
I like what I see in the market. Barely any dip and a new hod. |
10:27:28 Pete |
Strong economic growth, "higher for longer", good jobs (low credit risk)... This is all good for banks. Yesterday I highlighted JPM. I like it. Opps... there I go playing "Jr Analyst". The stock has been in a very tight steady... |
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