Daily Market Analysis
2023-11-27
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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| 10:53:20 Pete |
Long mixed candles and no direction. 1OP bearish cycle has not produced much. Volume is light. I am looking for any pockets of strength. Retailers have some, but it is mixed. |
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| 10:55:12 Pete |
I don't mind day trading long or short as long as I have the volume and the D1 breakdown, I don't feel like the market is going to get in the way. |
| 10:56:01 Pete |
They key is to keep your size smaller when you are day trading a dull market and keep it smaller yet if you are trading against the market trend. |
| 11:23:01 Pete |
SPY has some tails at the lod and 1OP bear cycle has completed. Nothing to write home about. Volume is very light and we are not likely to travel far either way. The focus has to be on the stock... |
| 13:08:32 Pete |
Here is my issue. All of the longs I am looking at made the high earlier in the day and they are struggling to get back to that high even with the market ticking higher. However, on the short side... |
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