Daily Market Analysis
2023-07-10
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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| 09:35:10 Pete |
We saw late day selling on heavy volume Friday. I would respect that move (tread cautiously and watch the open). Buyers and sellers are battling it out so expect movement both ways. Overseas markets were up slightly. |
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| 09:37:36 Pete |
1. It's a Monday. 2. We saw heavy selling pressure Friday. 3. Struggling traders are in buy only mode. Add all of this up and what do you have? |
| 09:38:44 Pete |
Search like hell and find the strongest stocks. Don't chase, we have no clue of what the market will do. Instead, set alerts on those strongest of stocks. If you are a day trader, favor M5 and M15 time frames.... |
| 10:39:51 Pete |
So you are an hour in and exercising patience. You can see that the market has not done anything. It is still searching for direction. You are waiting for one side or the other to prevail. 1OP is spiking and... |
| 11:11:41 Pete |
Casinos and hotels are getting some love today. |
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