Daily Market Analysis
2024-01-04
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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| 09:33:45 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY – The market has pulled back from its high and this has been a “soft” start to the year. The “window dressing” catalyst ran its course and now Asset Managers are not as concerned about it... |
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| 09:49:22 Pete |
We are above the lod from Wed and we have a bullish cycle starting. We want to distance ourselves from the lod early on. If we don't see some lift and some nice green consecutive candles, we know to hold... |
| 09:51:19 Pete |
Given the weakness we've seen this year, I am not expecting a quick bounce. We need more time to establish a base. Perhaps in an hour the bid will strengthen and we will have a fresh bullish cycle to work... |
| 10:10:57 Pete |
Nice green bar and follow thru. The fact that the first long green bar did not retrace is mildly bullish. We wanted to see some signs of life off of the lod during this bullish cycle and we are getting... |
| 10:14:12 Pete |
I would be careful with financials after Fri. I like them, but they are racing higher and these stocks do not typically have big sustained runs like this. When people have jobs (and I am expecting a good jobs number... |
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