Daily Market Analysis
2022-08-01
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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| 09:30:00 Pete |
PRE-OPEN MARKET COMMENTS MONDAY – The reaction to the FOMC statement and earnings from the tech giants has been excellent. The rally the last few days has come on volume and that legitimizes support at the low of the year.... |
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| 09:44:00 Pete |
Two nice stacked candles. We do not have 1OP to lean on, but I think you can be fairly aggressive if you see the right stock here |
| 09:58:00 Pete |
There is not an indicator in the world that could have signaled a buy this morning as quickly as reading the price action and understanding "context". I knew within the first two bars we were going higher. These are the... |
| 10:12:00 Pete |
The price action early is the start of a bullish trend day in my opinion. |
| 10:13:00 Pete |
The bid was tested and buyers lifted every offer they could find. We filled in the gap on the first attempt on stacked green candles and we are back above the 100-day MA. Might it provide some resistance here? Yes.... |
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