Daily Market Analysis
2024-04-18
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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| 09:32:29 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY – There are so many people who want to “help” me. Apparently, I am not aware of all of the negative market influences and they feel the need to enlighten me. Everything they’ve read points to... |
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| 09:38:34 Pete |
BTW, overseas markets were up marginally. |
| 09:44:04 Pete |
We have a bearish 1OP cycle that is completing and the initial gap up was smacked down immediately. Give us your best shot! I would like to see an early low today and steady progress off of that low. Watching... |
| 09:47:09 Pete |
Watch TSM. they beat and forecasted 30% rev growth in Q2. It could set the tone for chip stocks. This was a good earnings report and a gap reversal could get that group cooking. We do need to see tech... |
| 10:08:02 Pete |
In a bull market you will have dips. This is where we find opportunity. This is my mental state when I am waiting for support. WATCH THIS CLIP. |
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