Daily Market Analysis
2023-12-13
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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| 10:05:11 Pete |
Bearish 1OP cycle completing and the market is filling in some of the gap. Price action on the way down has been stubborn and that is bullish. The hour is late for adding to positions. We have a major announcement... |
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| 10:06:06 Pete |
I do believe that if you are going to try a day trade, we might have a window setting up for longs. Look for sticks that have been ticking higher since the open and that have D1 breakouts and good... |
| 10:10:19 Pete |
I am looking for a bullish day trade to post, but it might take me a few minutes to find the right one. |
| 10:23:24 Pete |
The SPY volume is light so that means we have to temper everything. The stocks need a super strong D1 breakout and heavy M5 volume for consideration. That said, this is probably as good a window as we will get... |
| 10:36:01 Pete |
So if we get thru this bullish cycle and we can't get thru the hod, you adjust your expectations. The window passed and you did not get the move. That means you exit your day trading longs. we need that... |
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