Daily Market Analysis
2024-01-11
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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| 09:34:47 Pete |
We didn't even get a dip on a hot CPI number. What does that tell you about the strength of the market? |
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| 09:48:23 Pete |
1OP bearish cycle and we are backing off of the high. Let the market come in and spend time finding the strongest stocks. No need to enter until we have a bullish cross. Even on a bullish cross, we need... |
| 09:56:20 Pete |
The stocks in Green Royal Flush all look like they could go. |
| 10:16:40 Pete |
Financials weak today. C news weighing on them. |
| 10:41:34 Pete |
First hour conclusion: The market sold off on the CPI initially. By the time the market opened the losses were absorbed and "FOMO Joe" was oblivious to the release. He just wanted to buy the gap up. He bought and... |
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