Daily Market Analysis
2024-08-23
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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| 09:32:54 Pete |
I would treat today's speech like the FOMC statement. You get the release and then the press conference. Often the press conference is more important. Today you will get the opening remarks and then the Q&A. That second part could... |
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| 09:48:04 Pete |
From a reaction standpoint, the high and the low from Thurs are all you really need to watch. Which ever way we go, you want to blow through those levels. In the case of the high from yesterday, that puts... |
| 09:50:13 Pete |
Have some longs you like. Banks have been fairly strong and they could make new highs. Also have some shorts you like. Tech has been weak and those would get hit if the reaction is bearish |
| 10:11:29 Pete |
I like JPM on the long side. New high and breakout |
| 10:15:59 Pete |
There still has not been anything material in the speech. It does show the market wants to go higher. He is just talking about how we got to this point |
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