Daily Market Analysis
2023-04-14
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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| 09:30:43 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY – The market has been able to grind higher and preserve its gains the last few weeks (no retracement). Yesterday it broke through a D1 trendline and it is within striking distance of horizontal resistance at... |
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| 09:30:56 Pete |
Good morning. |
| 09:39:28 Pete |
@#$% I suspected we might get this move. This was not our best scenario. |
| 09:56:53 Pete |
I would be careful getting long here. We have a bearish hammer at the hod, a 1OP bearish cross coming soon and an economic number in a few minutes. |
| 09:58:34 Pete |
If you are long a stock that has good momentum, I would not panic out. Consumer Sentiment is usually not a big market mover and the volume so far on this move up is good. |
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