Daily Market Analysis
2023-11-16
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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| 09:32:13 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY - Yesterday we had a day of rest and the market compressed near the open leaving close to a perfect doji. This is a sign of equilibrium. The S&P 500 is flat pre-open and there was... |
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| 10:37:07 Pete |
Energy weak. SLB is a good short. Some volume M5 and D1 possible bear flag |
| 10:38:44 Pete |
SLB is < 200-day MA and below prior D1 low. Also < Low+ and good volume. |
| 10:52:46 Pete |
All EV weak. (RIVN, NIO, QS). TSLA rejection from 50-day and soft this AM |
| 10:54:38 Pete |
Energy and EV look like the pockets to be short today. Bear cycle continuing. Will shift gears and look for a few longs. We know GOOG looks good |
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