Daily Market Analysis
2024-11-06
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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| 09:52:38 Pete |
We are getting some retracement into the gap. No reason to buy. This is a time to monitor stocks that are on your radar. If they opened with a small gap and they are grinding higher when the market is... |
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| 10:35:20 Pete |
If the market was going to get spanked down, it would have happened already. The gains held and after the bid check we rebounded steadily. Nice series of small green candles. This is a persistent move and I believe we... |
| 10:54:24 Pete |
No new hod and 1OP bearish cycle still running. By now we know that there is some two-sided price action and there is no need to make hasty decisions. |
| 10:59:10 Pete |
On big breakouts like this it is fairly common to test the previous high which was at $585. That level was tested once today, but it might be tested for a couple of days especially with the FOMC ahead. If... |
| 11:08:38 Pete |
I like SQ, CRM and DASH. One of them is likely to be my pick today. No reason to dive into any of them. 1OP still drifting lower and we are right above the lod. Let's see what happens here. |
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