Daily Market Analysis
2024-02-22
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
Click to expand content and reposition slider.
| 09:30:22 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY – The FOMC minutes did not sour the mood and Nvidia reported excellent earnings. The market is making a new all-time high and the “dip” was brief and shallow. It was actually more of a compression... |
|---|---|
| 10:12:47 Pete |
I am not feeling this rally. Gaps up to a new high pose the greatest risk to us. Measure twice, cut once. I will need continual proof that we are going higher. If I get it, I will keep my... |
| 10:20:01 Pete |
We have a bearish 1OP cross and the market has not been able to advance. At very least I would like to see us compress at the high of the day while the cycle runs. Then I would feel a... |
| 10:30:19 Pete |
This is a great time to see how stocks are responding to the gap up. ADBE tried to rally with tech and it got slapped down. That is a sign of RW. No need to short it when the market... |
| 10:31:39 Pete |
Just because you are not trading does not mean you sit idle. There is a lot of information available to you on both sides during these big moves. You should be actively setting alerts. |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial