Daily Market Analysis
2022-10-26
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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| 09:51:48 Pete |
Even after the negative reactions to GOOG and MSFT we are not seeing a bloodbath. Mixed overlapping candles and well above $380. Still early, but not a disaster. Let's see what this bearish 1OP cross brings. |
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| 10:07:27 Pete |
I am fairly bullish here. I like that a bloodbath was averted early. I thought there was a good chance that bullish specs would get flushed out. The market bid was strong enough to offset that. We are also well... |
| 10:08:39 Pete |
I have not looked at shorts, but the price action on the longs I am watching has been steady. MSFT and GOOG also holding the lows. |
| 10:48:06 Pete |
Trade from the long side. The market shrugged off neg earn reactions from GOOG and MSFT. We had a chance for a nasty round of selling as bullish specs got flushed out and buyers offset that selling. Gap filled on... |
| 10:51:24 Pete |
1OP crossed back up as well. If you don't trust the breakout, don't swing. The price action to this point is bullish for day trading. |
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