Daily Market Analysis
2022-09-08
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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| 09:31:10 Pete |
PRE-OPEN MARKET COMMENTS THURSDAY � The ECB raised rates by 75 basis points this morning and the S&P 500 is giving back some of the gains from yesterday. This was on the high side of expectations and it signals that... |
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| 09:35:15 Pete |
Short SPY $394.50. Only 1/4 position |
| 09:38:35 Pete |
My rationale for taking a small early position is that the SPY has been ticking down since the ECB announcement. I want a little bearish exposure in case the bottom drops out. I don't have a stop and I will... |
| 09:41:54 Pete |
Dave W wrote: ISEE strong againOne thing you will notice about DaveW is that when the market is down big, he will try to find early strength. If a stock can move higher with this backdrop, it is a possible... |
| 09:45:12 Pete |
For a bearish trend day, we don't want to get too much above this level and for sure we do not want to fill the gap. That would validate the rally yesterday and it would be a sign that buyers... |
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