Daily Market Analysis
2024-07-22
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
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| 09:36:29 Pete |
Long AA $38.75 via assignment. I plan to hold the stock and sell calls against it on the first attempt to get above the 100-day MA. I was a willing buyer of stock at that price and that is why I... |
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| 09:58:06 Pete |
Gap up, 1OP about to cross, rejection off of the hod. I am more inclined to favor the short side here. If you like the long side, you should wait for this bearish cycle to run |
| 11:19:48 Pete |
Very choppy price action. Program driven. They are just testing both sides. The test of the gap and the immediate bounce tells us that there are some buyers. If the early move was all fluff we would have filled the... |
| 11:21:03 Pete |
On a day like this you have to find one of two stocks that are grinding. |
| 13:29:14 Pete |
If the market struggles to make a new hod and it sits here for another 30 minutes, the odds that it will pullback increase. Why? Because we've tested both ends of the range with good movement. This would be the... |
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