Daily Market Analysis
2023-05-22
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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| 10:02:49 Pete |
I have been looking for anything that looks good and I am struggling to find anything. I placed an alert on META |
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| 10:11:59 Pete |
We will have to tread cautiously this week. A dull market breeds rumors and we are likely to see some of those. Recycled news as well. |
| 10:24:57 Pete |
Consumer staples taking a bit of a hit. PEP, K, PG |
| 10:27:20 Pete |
Consumer staples are typically a safe haven during uncertainty. The fact that we are seeing rotation out could be risk on. They move that money into other (riskier) stocks. HSY is another |
| 10:30:19 Pete |
Yes if we hold this breakout for more than a week I would shift to neutral to slightly bullish. I still can't go all in bullish with the Fed still hiking and with regional banks on the ropes. @Nodakk: Question @Pete... |
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