Daily Market Analysis
2023-07-24
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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| 09:44:19 Pete |
Overnight gap held and we marched right up to and thru the high from Fri. 1OP bullish cross pending. I view all of this as bullish so far. This bullish cycle needs to convincingly push us thru the high from... |
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| 09:54:58 Pete |
It only took 10 minutes for the mood to sour |
| 10:00:53 Pete |
Blue dotted 1OP line still dropping and we need that to flatten out. That was a nice little smack down from the high from Fri so the breakout and nice little float higher today is less likely. If the longs... |
| 10:52:57 Pete |
Be very mindful of which stocks you are trading. If there is a red "E" it means that the earnings are < 5 days away. Check that date. If the company announces in the next day or two and it... |
| 13:53:07 Pete |
Remember that even boring markets eventually move. We have had 3 benign cycles. That increases the odds that one of these is going to produce. The market has been able to hold the gains and it went through a soft... |
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