Daily Market Analysis
2022-08-15
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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| 09:30:00 Pete |
PRE-OPEN MARKET COMMENTS MONDAY – The market has recovered more than half of its loss for the year and the price action the last few weeks has been encouraging. The duration and magnitude of the bounce has been excellent and... |
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| 09:45:00 Pete |
Saudi's said they are going to ramp production to max. That is weighing on energy this AM. Should be good for pump prices |
| 10:11:00 Pete |
I would use caution here. We filled in the gap on the first attempt and that resulted in bearish hammer and we are starting to retrace the long green candle. We also have a bearish 1OP cross pending. I am... |
| 10:27:00 Pete |
We have given back that entire green candle. 1OP is in a bear cycle. After the rally last week everyone is bullish. Look but don't touch. Still too early. This cycle is producing selling. |
| 10:57:00 Pete |
To me the pain trade is on the downside. The early gap filled got buyers got super excited... we are going to pick up where we left off Fri. The volume Fri was not great and the action was program... |
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