Daily Market Analysis

2023-06-13

Mark As Read
Mark As Read

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
We have to wait for the bid to be tested and confirmed. Once we go thru that process and support is established, you can get long. A bullish market opens near the low end of the daily range and it...
09:54:14
Pete
Bearish hammer off hod with a nice red candle to follow. 1OP spiking. If I were long overnights I would be taking gains. If you do not take gains, mentally prepare to take heat. If you are looking to enter...
09:59:39
Pete
This is a great time to find those strongest stocks. I like the long side, we just have to wait for a better entry point. THIS IS A PERFECT TIME TO SET ALERTS T-F. If the pullback does not last...
10:11:53
Pete
SPY making steady progress to the lod and some of this gap is going to fill. The number was inline and the market was prepared for a good result. 
10:57:10
Pete
The SPY found support in the middle of the gap and the selling pressure did not build. I view that as bullish. I would still like to see 1OP go < 0, but this might be as much of a...
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