Daily Market Analysis
2024-11-05
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).
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| 09:30:40 Pete |
PRE-OPEN MARKET COMMENTS ELECTION DAY - If we take a look at the last six elections, there has been an upward bias the day after. The market has been trending higher and we are in a period of seasonal strength.... |
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| 09:52:00 Pete |
I would agree with that. The first few candles are mixed and overlapping on light volume so that is the early "tell" in addition to the major news pending. @ChillMedic: I know the market will do whatever it does but... |
| 10:23:12 Pete |
No reason to trade this stock here. It is choppy and it needs to get thru that point. That is an interesting price point so I set an alert. Probably just some novice traders thinking they are buying Elon's social... |
| 10:26:37 Pete |
We are right at AVWAPQ. Let's see if that provides some resistance. 1OP bearish cross as well. |
| 10:48:38 Pete |
This has been a nice rally. Market held all of the gains during the bearish cycle. We are making a new hod and thru AVWAPQ. $575.56 is the open from last Thurs and if we get above that we are... |
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