Daily Market Analysis

2024-11-05

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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09:30:40
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....
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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