Daily Market Analysis
2024-01-24
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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| 09:59:50 Pete |
I don't feel the need to chase anything until I see more of this gap and until I see at least 15-20 min of the bearish cycle. If the market took off from here, I would have the confirmation I... |
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| 10:00:57 Pete |
BTW, I feel the dip will be brief and shallow based on the overnight news and the rallies overseas. I am tempering that thought as much as possible and I am watching the price action. I want to see a... |
| 10:03:54 Pete |
So when I get super bullish and I am "gnawing at the bit" to buy, a nice red candle like this is like a giant pressure release. Ahhhhh.... now I don't have to worry that I am going to miss... |
| 10:22:56 Pete |
Nice little bounce above VWAP, but I still want more proof. A nice long red candle that turns into a bullish hammer and that forms a higher low would get my attention. Until then, I feel that a new lod... |
| 10:24:06 Pete |
Many of you are all over semis. Good place to be. If you are going to be early getting long, find the best of the best. |
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