Daily Market Analysis
2024-07-16
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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| 09:31:35 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY - The price action tells us to be cautious. Stocks are moving higher on light volume and the rally is concentrated in a handful of stocks. The candle bodies are tiny and we are seeing two-sided... |
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| 09:57:19 Pete |
Tech is weak |
| 09:57:54 Pete |
VXX not dropping with market rally (bearish). |
| 10:08:39 Pete |
QQQ below low from Mon and VXX at hod |
| 10:08:51 Pete |
This is not a time to be long in my opinion. |
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