Daily Market Analysis
2022-08-05
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 |
MARKET COMMENTS AUGUST 5 –12 I am taking next week off. 1. We want strong economic numbers in August. The only numbers out next week are CPI/PPI. The market has shrugged off “hot” numbers in the past so I am... |
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| 09:31:01 Pete |
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| 09:38:00 Pete |
That was a really nice long green candle to start the day. We are on a bullish cycle and two stacked green candles. I am fairly bullish here |
| 09:45:00 Pete |
A weak jobs report would have festered for the rest of the month. At some point analysts would fear that the Fed went too far and that the Sept numbers will be even worse. That concern is off the table... |
| 10:00:00 Pete |
Banks loving jobs. Reduces cr issues |
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