Daily Market Analysis

2023-11-17

Mark As Read
Mark As Read

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...
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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