Daily Market Analysis
2023-07-28
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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| 09:31:20 Pete |
PRE-OPEN MARKET COMMENTS FRIDAY – The market survived the FOMC statement and earnings from mega cap tech companies. We still have AAPL next week. Almost 50% of S&P 500 has reported Q2 results. According to FactSet, nearly 82% of reporters... |
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| 09:36:52 Pete |
CLICK HERE TO WATCH TODAY'S VIDEO |
| 09:39:01 Pete |
This is why only Pros should short this market. They know when to take gains and they do not overstay their welcome. If they get an adverse move like this, they have the confidence to weather a move like this... |
| 09:41:08 Pete |
I'm trying to keep you folks on the right side of the action with the right game plan. Will this set up a great swing trading short? I don't know, it is waaaay too early to tell. |
| 09:43:41 Pete |
Until we see organized selling pressure over the course of at least a few consecutive days, we operate as if the current trend is alive and well. Should yesterday serve as a warning sign? Perhaps. It all depends on what... |
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