Daily Market Analysis
2024-05-15
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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| 09:32:11 Pete |
In order for this move to gain traction, tech has to lead the charge. Those stocks have been largely dormant so keep an eye on QQQ. That will be the "tell". Without tech, we won't make a new all-time high. |
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| 09:50:00 Pete |
Bearish 1OP cycle and we are testing the open of the first green candle. Now we are in the gap. |
| 10:12:21 Pete |
We have a nice bounce back up close to the high of the day. The retracement into the gap was minor and it reversed right away. That is a sign of strength. This bearish 1OP cycle did not produce and... |
| 10:17:19 Pete |
NVDA strong with other chips |
| 10:23:23 Pete |
You can get long here. This is a bullish div |
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