Daily Market Analysis
2024-11-22
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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09:44:51 Pete |
If I were looking to trade from the long side, I would not be looking at RDDT, just using it as an example. There are many stronger stocks. If I were swing trading and looking to add, then I would... |
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09:53:32 Pete |
The short squeeze is on for SMCI |
09:56:52 Pete |
Market moved a little higher. It tested the high from Thurs and it has been able to hold so far. I want the open of the last green candle to be preserved. We are in a bullish 1OP cycle (want... |
10:00:34 Pete |
1. You know the context of the market longer-term. 2. You know the context of recent moves within that longer-term context (chart I posted this morning). 3. You form your game plan with the most likely scenarios and the ones... |
10:16:57 Pete |
No new high of day, no trade. Low from the long green candle earlier breached. That is NOT what I wanted to see. Bullish 1OP cycle NOT producing. OK, what do I want to see now? How might the picture... |
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