Stocks Give Up Early Ground as Sellers Pile In at 10 AM
The Kobeissi Letter broke down today's tape piece by piece: stocks opened down less than 1%, then the mood shifted hard at 10 AM ET. What followed was a run of lower highs and relentless selling pressure that defined the session.
The day didn't open ugly. Stocks were down less than 1% at the bell, according to a running breakdown from @KobeissiLetter on X. Then 10 AM ET hit, and the selling pressure started to build.
From there, the tape stopped bouncing. The account describes a string of lower highs — each rally smaller than the last — followed by persistent selling pressure that kept grinding the market down.
That sequence is how the outlet frames the whole session: a soft open, a clear inflection point at 10 AM ET, and then a market that simply could not find its footing.
@KobeissiLetter presented the price action itself as the explanation, walking followers through the mechanics step by step before drawing conclusions. The 10 AM ET shift, in that telling, is the moment the day changed character.
TopicsKobeissi Letter · X
Source: x.com
Written by Paparazzi with AI. Not financial advice.