Daily Market Analysis
2024-03-19
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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| 09:45:35 Pete |
Banks and energy have some strength early today |
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| 10:02:38 Pete |
We finished the bullish 1OP cycle with a little weakness and the market has not been able to recover the gap. This was not a big move down. The volume is very light. I would like to see some of... |
| 10:03:27 Pete |
I just got an XLE LRSI > .20 alert M30. I set that during the video Sun |
| 10:33:54 Pete |
Going with the thesis that the market is not going to go anywhere today, I like that this bearish cycle has not produced a move. we are compressing on the lod. I would not be bullish or bearish here, but... |
| 10:51:42 Pete |
We are getting the pattern we wanted and the fact that this is a number of nice consecutive green candles helps. That is a sign that the buying is more persistent vs one or two long candles. Still nothing to... |
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