Daily Market Analysis

2022-10-14

Mark As Read
Mark As Read

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).

All Comments

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08:55:58
Pete
I am long ES 3712 and I just made 15 ES points in a video I recorded using 1OP pre-open. I will get the video out as soon as I can
08:58:26
Pete
The point of this video was to discuss bounces in a bear market vs a capitulation low. Is this a cap low? Probably not. We still did not hit that gut wrenching  air pocked. Could this be an entry point...
09:00:00
Pete
Asset Managers do not care if they show a gain or a loss for the year. The only thing they care about is relative performance. If they lost money... so did everyone else. They only care that they lost less...
09:01:29
Pete
The will try to "goose" performance by allocating some money to a year end bounce. They will not go hog wild in my opinion because of the back drop, but even a small bid in this market can spark a...
09:04:10
Pete
One thing that did catch my attention is that the market was not able to drop on bad news (PPI/CPI). That is a bullish sign. Could that have happened because traders were postured for a bad number and they got...
09:06:39
Pete
Think of that giant long D1 green candle on an M5 basis. Would we buy the first one? No! Why not? Because it could be a "solo" to squeeze shorts. If it does not retrace and we have follow through,...
09:08:18
Pete
Long ES 3712. This time stamp is out of sequence. I did not initially put it in the proper format.
09:08:50
Pete
I am ready to take gains. I have to get this video up and tend to personal matters.
09:11:51
Pete
Exit ES 3722 for 10 pt gain.
09:27:01
Pete
my pick of the day was PEP. I like selling an OTM bullish put spread on any retracement. Could set up well for day trading also. 
09:35:19
Pete
Please post what you learned in the video in the comment section on YouTube. CLICK HERE TO WATCH TODAY'S VIDEO.
09:35:33
Pete
I have to go. Trade well.
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