Daily Market Analysis
2023-10-12
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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| 09:30:06 Pete |
Good morning! |
|---|---|
| 09:40:16 Pete |
The market wants to go higher and we know that from the overnight move up to the 100-day MA. We also know that from the strong bid after a "bad" number. The first candle was long and red and it... |
| 09:48:35 Pete |
I post my market comments each day. I told you to wait yesterday as well, but I'm sure some of you bought anyway. There were a few stocks that weathered the market drop during the first half of the day,... |
| 09:58:23 Pete |
We are stacking reds |
| 10:17:49 Pete |
SPY volume is fairly light. We are seeing big candles. That tells me that we are likely to see a very choppy drift lower. There are buyers and sellers. I would still let this 1OP bear cycle run. Keep looking... |
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