Daily Market Analysis
2024-01-22
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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| 09:32:07 Pete |
PRE-OPEN MARKET COMMENTS MONDAY – The market made a new all-time high Friday. That stretch lasted more than 500 days and it was the 6th longest streak ever. Earnings releases will increase this week, but the mega cap tech stocks... |
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| 09:39:25 Pete |
The market just made a new all-time high and this was the headline on CNBC this morning, "The buy now, pay later holiday debt hangover has arrived.... " Don't pay attention to these headlines. |
| 10:02:55 Pete |
Gap up and the market has been able to drift higher. Is this bullish? Not in my opinion. The candles are tiny, the volume is light. Who do you think is buying? You got it. "FOMO Joe" is busy. Be... |
| 10:05:30 Pete |
Green, green, green on heavy volume to start the day would tell me that there are Asset Mgrs who need to add. We are not seeing that. This is a very tenuous advance. Some of the action Fri was options... |
| 10:07:16 Pete |
What changed over the weekend? Nothing. Why is the market so much more attractive today than it was Fri? There is no reason to explain the move higher other than a new all-time high. So that means you don't have... |
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