Daily Market Analysis
2023-09-11
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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| 09:47:55 Pete |
We are getting the dip, but it is not what I wanted to see. The retracement has been too fast and too deep. I wanted mixed overlapping candles and this is a bit too organized. |
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| 09:49:46 Pete |
Since it was faster than I had wanted and deeper than I wanted, I would need to see a violent bounce off of the 50-day MA. That would be a long bullish hammer followed by a long green candle on... |
| 09:50:49 Pete |
Search for strong stocks and wait for that bullish cross. If we do not get the bounce we are looking for during the bullish cycle, we will have time to find shorts. |
| 10:08:49 Pete |
100% agree. We have seen choppy price action with buyers and sellers. No reason to expect that to change. Wait for your set-ups. @Hariseldon: Pretty much right on the SMA 50 - a lot of econ data coming this week... |
| 10:22:51 Pete |
We have a bullish 1OP cross and support at the 50-day is holding for now. I would only take starter positions in the strongest stocks that are breaking out on heavy volume and that did not flinch during the bid... |
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