Daily Market Analysis
2023-11-13
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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| 09:55:54 Pete |
SPY did NOT instantly fill the gap during the remainder of the bullish cycle. Now we have the start of a bearish cycle. I would hold off on longs here. |
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| 09:56:31 Pete |
TLT nice gap down. Credit rating weighing on bonds |
| 10:31:01 Pete |
For shorts you want to look for stocks that have a nice strong downtrend during the last couple of months. Some of them might have started the drop post-earn the last few weeks and those will work also because the... |
| 10:35:07 Pete |
The market has been able to fend off sellers for the first hour. The bearish cycle is still running, but no new lod. The longer the lod holds, the more likely that we bounce. That is a sign that support... |
| 10:37:00 Pete |
If they are in the S&P 500 - yes. If not, the bounce could be shorts taking some gains or simply that sellers are holding off. When the market is moving higher, they don't need to be out there hammering... |
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