Daily Market Analysis
2023-06-12
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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| 09:43:33 Pete |
Long wicks and tails to start the day = indecision. |
|---|---|
| 10:26:43 Pete |
Speaking of regional banks KEY |
| 10:27:13 Pete |
This is a good explosion. |
| 10:30:02 Pete |
As I pointed out in my comments this morning, the spoiler for this market rally is regional banks and credit. No one is expecting any issues there and we know that because VIX/VXX have been in a steady decline. |
| 10:34:34 Pete |
When is comes to credit, this stuff festers and brews under the surface. No one utters a word at the bank because they know it can go from bad to bankruptcy in a day. I am not calling for a... |
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