Daily Market Analysis
2023-03-24
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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| 09:30:13 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY – Often the initial reaction to the FOMC statement reverses overnight. Yesterday the market tried to bounce after the sell-off Wednesday, but that move only lasted 90 minutes. Sellers took advantage of the bounce and they... |
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| 09:31:38 Pete |
Good Morning. Be as patient as you can. Any bounce is a gift. Favor the short side and be ready to scale into small shorts if we start stacking "reds" early. |
| 09:35:35 Pete |
The focus is on DB today, but if you dig deep you will find that Evergrande (Chinese Real Estate Developer) missed a bond payment. |
| 09:43:00 Pete |
Short ES 3960. This could turn into a swing. |
| 09:47:27 Pete |
SPY is losing the bid. 1OP bearish cross pending. We have the whole cycle to work with and we are < lod from Thurs |
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