Daily Market Analysis
2023-01-24
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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| 10:04:27 Pete |
China is closed for holiday. That is a major player and the volume will be lower in general. Resistance at the High- was confirmed yesterday so a breakout today is very unlikely. MSFT reports after the close today so "wait... |
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| 11:10:40 Pete |
@Hariseldon Agree with your market assessment. Given the NYSE data issues, closed markets, lackluster action and pending earnings (MSFT) we are not going anywhere fast. This is an "inside day" and the volume is light. |
| 12:55:44 Pete |
Crux wrote: Question @Pete I know we dont talk about D1 1OP often but SPY just went through a bullish divergence and we are close to a bullish cross in a trough. I know earnings could completely throw all of... |
| 13:11:51 Pete |
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| 13:12:38 Pete |
There is a lot going on in that chart, but there are some important take-aways. Spend time on it and you can sift through it. |
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