Daily Market Analysis
2023-07-12
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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| 09:41:18 Pete |
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|---|---|
| 09:58:31 Pete |
Is there a chance for the market to have a gap and go grind higher? Yes, that scenario is very possible. It is the one that makes you think "Pete is a dumb ass and he missed the move." Next... |
| 10:06:01 Pete |
After 30 minutes, I like that: 1. The market has been able to preserve the gap. 2. The volume is good. 3. We did not start the day with consecutive long red candles. Would I buy yet? No. I want... |
| 10:08:00 Pete |
So for the next 20 min I am being patient and I am searching for the strongest stocks with nice D1 breakouts on heavy volume that have been able to tick higher when the market is compressing. |
| 10:22:00 Pete |
Are you feeling anxious? Is this waiting killing you? Are you watching stocks tick higher wishing you were in? This is the internal battle you have to learn to control. The way to do that is to convince yourself that... |
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