Daily Market Analysis
2023-07-06
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
Click to expand content and reposition slider.
| 09:31:09 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY – The market volume has been low since triple witching and traders are trying to latch onto any news they can find. The headline “du jour” was ADP. During the month of June 497K jobs were... |
|---|---|
| 09:31:20 Pete |
Good morning! |
| 09:57:38 Pete |
ISM serv in 3 minutes. From a market viewpoint I would be much more concerned with a horrible jobs number and weak economic readings. That would be a sign that the Fed was too aggressive and that they overshot. That... |
| 09:59:32 Pete |
There are still some large institutions that are going to take some pain on their bets. They were looking for rate cuts later this year and that is why bonds are priced the way they are. When they adjust their... |
| 10:01:38 Pete |
53.9 for ISM serv. That is a pretty strong number |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial