Daily Market Analysis
2024-07-01
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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| 09:37:20 Pete |
You all witnessed some resistance last week at the all-time high. That tells you not to chase opening gaps up. |
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| 09:51:50 Pete |
This is a significant drop in TLT. It closed < 100-day and 200-day MA Fri and today it is gaping < 50-day MA. This is going to keep pressure on the market. |
| 10:34:15 Pete |
You can day trade either side if you have the right stock. I feel that the market is going to probe for support. The price action Fri was weak and that was a gap reversal. Buyers are going to be... |
| 10:36:40 Pete |
DIS nice short. Thru 200-day MA and L- on volume. |
| 10:37:45 Pete |
Set alerts on SBUX. A failed bounce would be a good entry for a short. |
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