Daily Market Analysis
2023-11-01
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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| 10:00:55 Pete |
ISM Man just came out |
|---|---|
| 10:01:39 Pete |
46.7 vs 49.4 expected on ISM man |
| 10:03:07 Pete |
In the spirit of bad news is good news, you would think the market would like this. That number is clearly in contraction territory. Given that much of our manufacturing is tied to the auto industry, I would expect that... |
| 10:27:39 Pete |
You should be trading the long side and shorts are getting squeezed into the FOMC. However, we have the dang FOMC coming up. This is a time to ride this move with the intent of taking gains ahead of the... |
| 10:29:06 Pete |
We've seen heavy selling pressure in recent months and the Fed has constantly splashed cold water on us. There is no reason to think that this time will be different. |
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