Daily Market Analysis
2023-11-06
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).
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| 09:30:39 Pete |
https://www.youtube.com/watch?v=r-a4C3VNnz8 |
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| 09:41:19 Pete |
TLT had a bearish reversal Fri. This morning it gapped down. There was nothing dovish in the Fed statement and it is important to keep an eye on bonds. |
| 09:44:14 Pete |
We have a bullish 1OP cross. Personally, I would want to see us take out the high from Fri during this cycle and I would not chase longs until I see that. |
| 10:38:02 Pete |
Low volume, compressed candles and inside of the prior day's range are not a good combination for the market. If you have a really strong stock, the market won't stand in the way, but it won't help either. Other than... |
| 13:17:23 Pete |
We are starting to gain a bit of traction on the short side. Gap up was not able to advance. Lower highs and we did not come close to the high from Fri. New lod and 1OP barely poked into... |
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