Daily Market Analysis
2024-04-22
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.
| 10:11:58 Pete |
The gap up is holding so far and the bearish cycle is running. We want to see it complete with little to none of the gap filled. If that happens, I would still be cautious with longs. Starter positions only... |
|---|---|
| 10:24:10 Pete |
This gap up is hanging around like a Pinata. Sooner or later, they are going to take a whack at it to see what falls out. |
| 10:37:41 Pete |
Ahead of earnings META is cracking down thru L+, AVWAPE and it is < 50-day MA. Shorts don't seem to be afraid. |
| 10:40:43 Pete |
MSFT < 100-day MA and L+. Again, no fear of shorting ahead of earnings. |
| 10:50:41 Pete |
TSLA is going to set the tone for tech Wed morning and earnings might not be well received. The stock has been down and they are slashing prices. I do feel that bad news is priced in, but the macro... |
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