Daily Market Analysis
2023-11-17
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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09:31:25 Pete |
PRE-OPEN MARKET COMMENTS - The market is going to open a little higher today and it is within striking distance of the high of the week. 1OP is going to finish a bullish cycle M5 so let's see if we... |
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09:45:17 Pete |
Retail is a mixed bag. Some are doing well, others not. I would not look at AEO and GPS are representative of the sector. NKE and WMT down. |
09:48:09 Pete |
I missed mentioning some major news for next week. I was going to have all of you guess, but I don't want to flood the chat room with this. NVDA will post earnings. It is now a tech giant so... |
10:08:31 Pete |
This 1OP bullish cycle has not produced and it is completing. Still a little time but a test of the high of the week on this first attempt is not likely. Directionless and low volume. I am going to see... |
10:11:52 Pete |
Credit card processing good. AXP, V, SQ. Absolutely no hurry on any of these. All testing key D1 price levels. |
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