Daily Market Analysis
2024-01-19
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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| 10:44:52 Pete |
I like what I see. Shorts are not able to keep a lid on this market and the bearish cycle has been running for about 40 min. I would not hesitate to try a few starter day trade longs here.... |
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| 10:52:50 Pete |
All of the stocks in Green Royal Flush look good. |
| 11:00:01 Pete |
I am not going to play cheerleader today. I told you what to expect and you know what to look. It's up to you now. I will watch for any warning signs I will let you know if I see... |
| 11:21:53 Pete |
Nice and orderly. We do not want to see any big spikes. Grind, grind, grind. Big spikes before we get thru $480 are likely to get smacked down. Once we get > $480 we are likely to see increased momentum... |
| 12:06:30 Pete |
We should expect these "bid checks" along the way. Welcome them. They will keep this move from getting over-extended and they will serve as continual confirmation that buyers are still interested. We want these dips to be brief and shallow.... |
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