Daily Market Analysis
2023-03-21
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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| 09:43:33 Pete |
One of the best day trading patterns we can get is a Gap Reversal. We would need to see an early breach of the lod with nice stacked red candles. Once we are in the gap the selling pressure will... |
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| 09:44:28 Pete |
Market is well above the MAs and the 100-day is first support. 50-day is resistance |
| 09:47:34 Pete |
A Gap N Go would be much harder to trade. It would force us to chase and it will run its course in an hour. Then the market will stall near the hod. Volume is light. For that reason I... |
| 09:51:24 Pete |
What should I look for? A weak stock that can't get off the deck. Remember PDD from yesterday? Weak post earn reaction. Market up huge this morning and the stock is barely higher. Now you watch it tick for tick... |
| 09:59:26 Pete |
If the market is able to hold the gap (lod) for the first 30 min, the chances for a gap reversal start to decrease. It is a sign that buyers are interested and that any attempt to knock the market... |
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