Daily Market Analysis
2023-04-27
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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| 09:31:16 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY – The reaction to mega cap tech earnings has been positive this week and AMZN will report after the close today. GOOG traded a little lower, but MSFT and META had big gains. This morning the... |
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| 09:45:49 Pete |
I mentioned in my comments why I am starting off looking on the bearish side. Gap and go's are not as attractive and the market will struggle to get thru the high from Wed. |
| 09:46:14 Pete |
Start your searches where you have the greatest potential. |
| 10:04:25 Pete |
From a bearish standpoint we want this bullish cycle to run without a breakout thru the high from Wed. It is OK if that happens and then we have an immediate bear hammer or bearish engulf. That would be a... |
| 10:17:52 Pete |
That is the way we like SPY to breakout, but some of that candle will be from buy stops as shorts cover and some will be new buyers also using buy stops. Now that candle needs to hold. If it... |
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