Daily Market Analysis
2023-04-13
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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| 09:49:02 Pete |
Couple of market comments. PPI -.5%. Not much of a market pop off of the news. It was better than the .1% that was expected. Initial jobless claims 239K. That is pretty high especially with the holiday (it is probably... |
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| 09:50:43 Pete |
I will find a few longs since that is the first cycle |
| 10:27:51 Pete |
2 stacked greens and good volume. That is a good sign for this cycle, but don't get too excited. You can ride your longs a bit more, but if the market can't advance this pop will retrace. We saw similar... |
| 10:39:40 Pete |
If the stock has incredible volume and stacked candles, use 1OP for the stock. It will help you and it works great. |
| 10:40:52 Pete |
I am going to look for a few shorts with 1OP cresting and the market bounce stalling. We are taking out the open of the last long green candle. |
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