Daily Market Analysis
2022-12-12
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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09:48:06 Pete |
When the liquidity and volume dry up like this the option bid/ask spreads widen. If you trade, I would suggest stock, not options. It will be much easier for you to enter and exit. There is no "paper" (retail traders)... |
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10:12:46 Pete |
FXI alert set 100-day MA. This is a long term swing short I am interested in below that level |
11:45:11 Pete |
We have a high that is hear resistance at the prior day low. Not much to go off of, but if the market spend enough time at one extreme and it can't follow thru, it will eventually try the other... |
13:53:58 Pete |
I don't have much to report so I am not posting. We at least have 1OP moving a little higher. If this attempt at a breakout fails we might have a bearish cross that would signal a top for the... |
14:08:22 Pete |
This is the best trading set up I have seen all day and that is not saying much. |
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