Daily Market Analysis
2023-06-07
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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| 09:31:46 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY – The market broke out through horizontal resistance last week and it is digesting that move. There is rotation into small cap stocks (IWM) and the bottom is falling out of VIX. Those are signs of... |
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| 09:39:39 Pete |
CL could be rotation out of consumer stables. Those stocks are considered a "safe place to park money" and it is another sign of risk on. PG, PEP, MCD, KMB are similar in nature. @lilsgymdan: CL nice breakdown View |
| 09:40:40 Pete |
So as market confidence grows money flows out of those "safer stocks" and into some of the more speculative plays and small caps (IWM) |
| 09:45:43 Pete |
CLICK HERE TO WATCH TODAY'S VIDEO |
| 09:54:05 Pete |
We are testing the high from Mon on the first attempt. That is a resistance level and 1OP is spiking. The volume is not great and we've seen some retracement in the candles. I would wait to see what this... |
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