Daily Market Analysis
2022-08-25
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 THURSDAY–August is a slow month. The market had a 12% bounce in a month and now we are seeing some profit taking. The bleeding has stopped ahead of the Jackson Hole conference and we might be in... |
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| 09:34:00 Pete |
Today could be like waiting for an FOMC statement. Keep that in the back of your mind. The market does not have much news to trade off so we are always in "hurry up and wait mode." |
| 09:58:00 Pete |
This is a nice little breakout to a two-day high. Normally I would be tempted to buy it, but 1OP is spiking and it is telling me not too. I also know that chop is likely ahead of Jackson Hole... |
| 10:00:00 Pete |
If I miss part of a gap n go, no worries. I will be able to get on board on my own terms. If I get the rug pulled out in what could be a dull market I will kick... |
| 10:01:00 Pete |
we have 3 nice stacked green candles and that is bullish. |
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