Daily Market Analysis
2023-10-18
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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| 09:30:55 Pete |
We saw a pretty violent bounce yesterday after a gap down. Gap and Gos are not great for us to trade vs Gap Reversals. Don't guess that we will have another gap reversal, watch the price action |
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| 09:33:09 Pete |
Overseas markets were flat and there was not much in the way of news so there is no tail wind. TLT is heading down and that is a factor. We are close to the 10+ year low. |
| 09:37:27 Pete |
From my perspective I would be favoring the short side a little more. If we try to fill the gap that could lure in bullish specs who are looking for a repeat of yesterday. I want to see mixed overlapping... |
| 09:38:42 Pete |
One thing to keep in mind is that the market is not going anywhere. We are going to see moves both ways. Some stocks are oblivious to the market and those are the ones you want to ride. |
| 09:58:21 Pete |
https://www.youtube.com/watch?v=MDsxaIy5vpk |
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