Daily Market Analysis
2023-07-05
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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09:40:06 Pete |
No blue dots in your columns, no hurry. We need volume |
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10:41:56 Pete |
No volume behind this market bounce, but it was immediate. |
12:01:03 Pete |
SPY thru VWAP |
13:20:13 Pete |
These 4 day weekends suck the life out of the market. Friday and today fell victim as well. We are going to get some movement tomorrow and Fri could be decent. |
13:23:42 Pete |
After the central bank summit last week and Powell's testimony before Congress two weeks ago I can't imagine anything new. "We are closer to the end than the beginning. After aggressive rate hikes it was prudent for us to pause... |
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