Daily Market Analysis
2023-01-20
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).
All Comments
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| 09:17:56 Pete | PRE-OPEN MARKET COMMENTS - Not much has changed overnight. The Fed comments were generally hawkish. We have Fed speak right now and later today (1:00 PM ET). In general, US economic data has been soft with the exception if initial... |
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| 12:12:30 Pete | The volume today is decent, SPY > prior day high, filled the gap from Thurs, > 50-day MA (barely) and it is weathering this 1OP bearish cycle. If it can stay tight to the hod, the next bullish cross should... |
| 14:26:11 Pete | 1OP got through that bearish cycle I referenced two hours ago and the SPY stayed tight to the hod. Bullish cross and a new hod. |
| 15:43:17 Pete | @Dave W Thank you for leading the chat room today. I will check in this weekend to answer questions. |
| 15:44:56 Pete | You all know what I am working on. It has my undivided attention right now. Have a great weekend everyone. |