Daily Market Analysis
2024-01-02
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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| 09:43:15 Pete |
Macau gaming rev up big for Dec 2023 so LVS and WYNN moving |
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| 09:45:10 Pete |
Do not be in a hurry to buy. This drop is nothing to scoff at. We are still drifting lower and we have a bearish 1OP cycle setting up. At very least, see what it does. |
| 09:46:30 Pete |
AAPL down substantially on downgrade and it is testing the 50-day MA. That will be a drag for the market. Semis also a bit weak. |
| 10:28:01 Pete |
Still just watching. nice looking trades on both sides. 1OP bear cycle still needs to complete. I am still not convinced that we have seen the lod. |
| 10:52:41 Pete |
A bit of a flight to safety this morning. Consumer defensive stocks up, telecom and pharma. |
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