Daily Market Analysis
2024-06-05
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
Click to expand content and reposition slider.
| 09:32:42 Pete |
PRE-OPEN MARKET COMMENTS WEDNESDAY - This morning the market will gap up. Don't chase this move. ADP came in at 152K and that is lighter than the 173K that was expected. JOLTS came in light yesterday and the job market... |
|---|---|
| 09:44:52 Pete |
TLT > H-, 200-day and 100-day MA. This could be a nice breakout for it. I would not get overly excited about that, but it is typically a good sign. Economic weakness is fueling the belief that the Fed will... |
| 09:51:10 Pete |
ISM Serv in 10 min |
| 10:02:46 Pete |
That is a good number for ISM |
| 10:14:35 Pete |
"Is good news bad news or is good news good news? I'm so confused." Don't fall into this mental trap. We want strong economic growth and the Fed on the sidelines. Ideally, inflation continues to decline. That would be the... |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial