Daily Market Analysis
2024-03-05
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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| 09:30:42 Pete |
PRE-OPEN MARKET COMMENTS TUESDAY – The market staged a nice rally Friday and it made a new all-time high. When we have a breakout we want to see nice follow through buying in the next few days. Late yesterday the... |
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| 09:31:07 Pete |
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| 09:53:11 Pete |
We are getting that leak lower and we have a bearish cross pending. This selling pressure is going to take time to run its course. |
| 09:59:12 Pete |
AAPL and GOOG significant D1 support breaches. Hard for the market to rally when it is missing two of the mag 7. |
| 10:07:07 Pete |
Long green candle with some volume into the gap. We don't "bite" on solos. We need to see the candle preserved and then we need follow through. Instead of thinking that this is going to be a bounce and that... |
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