Daily Market Analysis
2024-03-25
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
Click to expand content and reposition slider.
| 09:33:05 Pete |
PRE-OPEN MARKET COMMENTS MONDAY – The market made a new all-time high after the FOMC statement last week, but it has not been able to advance. This is a sign that buyers are not very aggressive. I don’t view the... |
|---|---|
| 10:00:29 Pete |
When a stock has long green candles... beware. That is NOT something you want to chase. It is much better to have 4-5 consecutive green candles with a little volume. That is persistent buying. Remember the chart I posted in... |
| 10:03:26 Pete |
Those long green candles get you excited. The risk is higher joining that move because there is more to retrace. The stock is often ahead of it self at that stage. Nice, tight orderly and consistent is better. |
| 10:10:50 Pete |
We can't be super bullish on a day like this, but we have support, we filled the gap from Thursday and we have a bullish cycle starting. We are also in the gap. |
| 10:25:18 Pete |
Stocks like NVDA, MSTR and COIN all look great in the first hour, but they also have a greater chance of pulling back in a dull market. |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial