Daily Market Analysis
2022-10-14
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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| 08:55:58 Pete | I am long ES 3712 and I just made 15 ES points in a video I recorded using 1OP pre-open. I will get the video out as soon as I can |
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| 08:58:26 Pete | The point of this video was to discuss bounces in a bear market vs a capitulation low. Is this a cap low? Probably not. We still did not hit that gut wrenching air pocked. Could this be an entry point... |
| 09:00:00 Pete | Asset Managers do not care if they show a gain or a loss for the year. The only thing they care about is relative performance. If they lost money... so did everyone else. They only care that they lost less... |
| 09:01:29 Pete | The will try to "goose" performance by allocating some money to a year end bounce. They will not go hog wild in my opinion because of the back drop, but even a small bid in this market can spark a... |
| 09:04:10 Pete | One thing that did catch my attention is that the market was not able to drop on bad news (PPI/CPI). That is a bullish sign. Could that have happened because traders were postured for a bad number and they got... |
| 09:06:39 Pete | Think of that giant long D1 green candle on an M5 basis. Would we buy the first one? No! Why not? Because it could be a "solo" to squeeze shorts. If it does not retrace and we have follow through,... |
| 09:08:18 Pete | Long ES 3712. This time stamp is out of sequence. I did not initially put it in the proper format. |
| 09:08:50 Pete | I am ready to take gains. I have to get this video up and tend to personal matters. |
| 09:11:51 Pete | Exit ES 3722 for 10 pt gain. |
| 09:27:01 Pete | my pick of the day was PEP. I like selling an OTM bullish put spread on any retracement. Could set up well for day trading also. |
| 09:35:19 Pete | Please post what you learned in the video in the comment section on YouTube. CLICK HERE TO WATCH TODAY'S VIDEO. |
| 09:35:33 Pete | I have to go. Trade well. |