Daily Market Analysis
2023-05-23
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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| 09:30:29 Pete |
I was going to write about a real danger I see in commercial real estate for banks. I will do that tomorrow. It is not anything that will impact trading today, but it does have longer term credit implications. |
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| 09:31:43 Pete |
SPY $417.50 was the breakout and that is a level to watch. Bears want to stay below it on any bounce. |
| 09:34:04 Pete |
To be clear, I will still post stocks I like long and short. I will just not highlight them as trades. Some of you will ignore them because they are not official and that is fine. I would encourage you... |
| 09:42:25 Pete |
Jaime Dimon said that banks should prepare for 6-7% interest rates and he believes they are going higher. If they don't do so, they are not leaving themselves with any cushion. This article is worth a read. They were one of... |
| 09:59:08 Pete |
This is a critical juncture for the day. Since we are close to the lod from Mon our best chance for movement is on a new lod produced by this 1OP bear cross. That would be a sign that the... |
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