Daily Market Analysis
2023-07-11
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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| 09:41:50 Pete |
Mindset: Gap up, I might take gains on overnight swings. Not going to chase the move with new longs. I will spend the first 45 min finding stocks I like and setting alerts. If we get a gap and go,... |
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| 09:42:21 Pete |
We were making a new hod when I was writing that |
| 10:03:57 Pete |
I would like to see a quick bearish 1OP cycle for SPY. Gap can fill, but I don't want a deep probe. If we get that I would feel comfortable buying strong stocks |
| 10:11:24 Pete |
We have the gap fill. Now we just need a quick bearish cycle and lots of tails to confirm support over the next 20-30 min. If we see that I would be comfortable buying. |
| 10:31:17 Pete |
This is a nice tall bounce and I expect to see support at the lod. I would be bidding for strong stocks I would add when we have a bullish cross if the lod holds. |
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