Daily Market Analysis
2022-10-12
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).
All Comments
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| 07:23:13 Pete |
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| 07:24:14 Pete | I missed some nice action yesterday. It looks like the room did well, but your mettle was tested on your shorts if you decided to hold and weather any bounces. |
| 07:26:31 Pete | You can do that if you have stocks that are extremely weak, but it is NOT something I would advise when day trading /ES. These bounces can be very tall and they can last a long time. /ES is a... |
| 07:28:55 Pete | As you know from the lesson I posted last Friday, "Gap N Go" formations are my least favorite pattern. I like them slightly better when they are down because of the bear market. Up "Gap N Go's" I would sit... |
| 07:31:16 Pete | The initial drop yesterday did NOT have stacked red candles with little to no overlap. THIS WAS NOT A TIME TO SHORT STUPID! You lived through the action so you know that the move lower was tenuous. That is a... |
| 09:30:01 Pete | In lieu of market comments I am writing an article. All of the overnight gains were erased by the PPI. Expect volatile conditions and favor the short side. |
| 09:40:30 Pete | "I SHORTED STUPID AND I GOT BURNED" |
| 16:02:16 Pete | Jakemiester wrote: Question That reversal on the 9:10 candle sell/buy stops triggering and insitutions reversing their position by shorting?I am not sure what time you are using. Please use ET when asking questions so that we can reference the correct bar.... |
| 16:20:59 Pete | CLICK HERE TO WATCH TODAY'S VIDEO |