Daily Market Analysis
2022-12-27
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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| 09:03:39 Pete | PRE-OPEN MARKET COMMENTS TUESDAY – I hope all of you enjoyed the holiday with your friends and family. Traders will continue to party into New Year’s and the volume will remain light this week. There is not much in the... |
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| 09:04:12 Pete |
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| 09:47:21 Pete | Speaking of Chinese stocks, I have a 1/4 short on FXI. That is a longer term swing. I have good staying power with a small position and I will add < 100-day MA. GTC alert set. Right here, this looks... |
| 09:58:15 Pete | Long red candles to start the day while 1OP finished a bull cycle. I would favor the short side. |
| 10:34:06 Pete | I will do a video tomorrow and review the year. I will start with the video I did a year ago. Then I will do a little forecast for 2023. Thurs I will talk about where 1Option was a year... |
| 12:27:17 Pete | I did not go out on a limb a year ago with a big prediction that this would be a bear market so I can't give analysts too much crap. I did discuss why we were headed for trouble early... |
| 15:30:23 Pete |
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| 15:38:45 Pete | The first hour the candles were all over the board. Then we settled into sideways trading with mixed candles. OK to try stock, but not /ES. After you have a benign 1OP cycle(s), eventually one of them will work. Later... |