Daily Market Analysis
2024-01-29
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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| 09:38:31 Pete |
1OP is going to complete a bearish cycle. We want the market to hold the open and then grind higher. No long green candles, just a nice steady grind. That would indicate that buyers are interested and that sellers are... |
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| 09:51:28 Pete |
Big tech strong. |
| 10:04:47 Pete |
We have a bullish 1OP cycle and the market has been able to hold the open. The lack of any movement is a sign that the market is not likely to go far either way. There is no real news... |
| 10:39:36 Pete |
The market price action is garbage so far today. |
| 11:11:31 Pete |
META and MSFT looked great on the open. If you bit on that move looking for strength into earnings, you are stuck now. |
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