Daily Market Analysis

2022-12-30

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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09:37:20
Pete
PRE-OPEN MARKET COMMENTS THE LAST TRADING DAY OF 2022 – The NYSE will ring the closing bell with vigor today as traders say “good riddance” to this bear market. The vast majority of traders who proudly boasted their gains a...
09:40:24
Pete
Market analysis. Expect an "inside day". If we are going to get any movement, it will happen early. 
09:43:14
Pete
We quickly gave back a lot of the gains from yesterday, 1OP is in a bearish cycle. Let's see what it does and what kind of candles we have. The best early scenario is that the market starts to show...
10:53:09
Pete
Long ES 3847.50 1/4 position
10:55:09
Pete
I like the higher lows and the bullish 1OP cross. This has a good chance of pushing us into the gap. It needs to happen by the time 1OP crosses zero. That is not a steadfast rule or anything, it...
12:28:05
Pete
offering ES 3850. If we get any kind of move up I want to exit. 
12:29:46
Pete
I don't care if we go higher. Position is tiny so it won't matter much either way. The last move to the hod looked good and then it looked like garbage 15 min later.
15:23:40
Pete
Exit ES 3 pt loss on 1/4 position
15:24:03
Pete
.75 pt loss on normal position. 
15:26:34
Pete
PLEASE WATCH THIS VIDEO BEFORE THE CLOSE
15:27:29
Pete
I am going to field any questions you might have on the upcoming features.
15:33:23
Pete
Look everyone, here comes the year end rally!
16:03:36
Pete
Happy New Year everyone!
16:03:45
Pete
I am still going to hang around
16:32:43
Pete
DaveW you are a well-oiled machine. Thank you for posting great trades and being a mentor for everyone. I was not able to trade much this year and I lived vicariously through the trades you and Hari were doing. 
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