Daily Market Analysis
2023-01-05
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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| 09:30:03 Pete |
Good morning. Be patient. Know that everyone is looking for a weak Q1. |
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| 09:30:46 Pete |
I have yet to read that any analyst is expecting the market to go higher in Q1. Not one. |
| 09:38:15 Pete |
1OP on a bullish cross. Overnight selling, let's see if the bullish cross produces. Given the price action so far this year, I am not seeing any directional momentum. The SPY chart tells me that. Why would today be different?... |
| 09:40:42 Pete |
The temptation is always to see what you want to see. I am bearish so I am excited when I see an overnight gap down. OMG, the market is down, I knew it... I better get some shorts on. That... |
| 09:42:00 Pete |
If you miss the first 50 points of a market drop, so what. I promise you there will be an excellent high odds short that sets up and that provides an excellent trade. |
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