Daily Market Analysis
2023-12-22
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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| 10:08:26 Pete |
Biotech and pharma in general strong today. |
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| 10:17:10 Pete |
Bearish cycle has started. We want to stay right up at the hod. No long red candles. If we get any, we are going to test the open and perhaps the gap. |
| 10:32:44 Pete |
Market is still digesting the gains and hugging the hod. I view that as bullish. It is digesting the gap up. 1OP crossed back up and buyers are interested at this level. If they weren't, we would have seen a... |
| 10:59:15 Pete |
I don't like the market leaking off of the high here. |
| 11:46:31 Pete |
We seem to have made it through this bearish cycle while preserving the open. This looks like a bullish cross and the dotted line has flattened out. Now I would like to see a distinct bullish cross with the solid... |
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