Daily Market Analysis

2024-07-16

Mark As Read
Mark As Read

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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09:31:35
Pete
PRE-OPEN MARKET COMMENTS TUESDAY - The price action tells us to be cautious. Stocks are moving higher on light volume and the rally is concentrated in a handful of stocks. The candle bodies are tiny and we are seeing two-sided...
09:57:19
Pete
Tech is weak
09:57:54
Pete
VXX not dropping with market rally (bearish).
10:08:39
Pete
QQQ below low from Mon and VXX at hod
10:08:51
Pete
This is not a time to be long in my opinion. 
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