Daily Market Analysis
2024-01-30
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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| 09:48:33 Pete |
The market has been able to hold all of the gains from yesterday overnight and that is a good sign. We have a bearish 1OP cycle pending. Expect a dull day and let's see what the cycle produces. If the... |
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| 09:49:36 Pete |
SMCI is in the chip space. Posted a good number and stacked reds after the gap up. Just an observation that chip stocks are a bit tired after a monster run. |
| 09:50:34 Pete |
Banks stocks looking good into the FOMC. C nice breakout |
| 09:57:00 Pete |
Some noticeable layoffs in the tech sector. Let's see if that is reflected in JOLTS. @lilsgymdan: JOLTS in 5 minutes View |
| 10:07:59 Pete |
JOLTS 9.02M and 8.92M expected. Jobs still good. I view that as bullish for the market long term, but short term there will be those that feel this gives the Fed room not to cut soon. |
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