Daily Market Analysis
2023-05-08
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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| 10:25:51 Pete |
The first move of the day is a wimpy decline. I suspected there could be some profit taking after the light volume melt-up Fri. No need to jump the gun on this bullish cross, but I would be looking for... |
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| 11:00:57 Pete |
1OP has run half of this bullish cycle without much movement in SPY. I like it when these cycles produce right away. Does this mean I need to bail on my bullish trades? No, but it does mean that you... |
| 11:02:29 Pete |
If we had heavy volume for SPY and we stacked a few nice long greens, then you could get more aggressive with your longs. As it stands right now, this looks like a very light volume "Inside Day". Until that... |
| 11:44:55 Pete |
I will keep an eye on the market and if I see something interesting I will post. Otherwise, I want to complete the article I am writing on the variables in the upper section of Custom Search. There are a... |
| 13:45:20 Pete |
I took 20 min out to look for some stocks. I did not see much that was of interest. All light volume moves. AMD is nice, but you have been on that one for a while. This could be the... |
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