Daily Market Analysis
2023-07-31
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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| 10:07:19 Pete |
So the market is dead flat to start the week. We have a bullish 1OP cross. I am not expecting a big drop this morning and we have a bullish market trend and a bullish cycle we can lean on.... |
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| 10:08:17 Pete |
Global markets were up slightly so more of a tailwind than a headwind |
| 10:31:01 Pete |
China was up 1.5% overnight. FXI had a nice D1 breakout last week so those stocks have a head of steam and room to run |
| 11:13:38 Pete |
If your opinion is that the market is going to be flat to higher this week (me), you can structure some short term trades based on that opinion. We do have a fair amount of news coming out this week,... |
| 11:39:56 Pete |
SPY did not challenge the hod and bearish 1OP cross. Nothing too daunting on LPTE. If you are in the right stock, know that you might have to weather a little storm during this bearish cycle. If you are looking... |
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