Daily Market Analysis
2023-08-03
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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| 09:37:56 Pete |
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| 09:41:07 Pete |
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| 10:04:33 Pete |
ISM Serv 52.7 vs 53 expected. Not bad. Still in expansion territory |
| 10:05:48 Pete |
We want to see this gap fill during this 1OP bullish cycle. That would bode well for the rest of the day. With overseas markets down, I don't know that we will get that. We certainly did not see stacked... |
| 10:07:25 Pete |
Why would anyone be an aggressive buyer after the selling yesterday and with bonds tanking? They wouldn't. They want to see firm signs of support. QCOM and AMD sold off after earnings so the hope of gangbuster reactions from AAPL... |
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