Daily Market Analysis
2024-03-22
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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| 09:32:30 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY – The market staged a nice breakout after the FOMC statement Wednesday and it made a new closing high. Even though the Fed confirmed “higher for longer”, buyers bought after the release. My conclusion was that... |
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| 09:39:26 Pete |
I just want to be clear. There is no reason to take action on any overnights. We are going to see how the day plays out. If we grind back to the high from Thurs, all good. If we close... |
| 09:40:43 Pete |
We are starting with a bullish cycle. I would like to see us get above the VWAP from Thurs. |
| 10:14:04 Pete |
We are not getting the bounce I wanted during this bullish cycle. It still has some room to run, but this is not a sign that buyers are aggressive this morning. I need to see a nice green candle that... |
| 10:27:28 Pete |
Here comes the drop. We did not get the bounce during the bullish cycle and now we are on the lod with an entire bear cycle to work with. |
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