Daily Market Analysis
2023-05-05
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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| 09:32:48 Pete |
Good morning! |
|---|---|
| 09:44:50 Pete |
 |
| 09:48:09 Pete |
SPY powered thru the $408 level on decent volume so I would respect the move. Still early, but a good first step |
| 09:56:09 Pete |
 |
| 09:58:24 Pete |
On many of these gaps up, the move is substantial and it takes time to digest those gains. There will be some sellers/profit takers. Buyers need to prove that they are in control and that takes time. Some of the... |
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