Daily Market Analysis

2022-10-27

Mark As Read
Mark As Read

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

Click to expand content and reposition slider.

09:16:16
Pete
PRE-OPEN MARKET COMMENTS THURSDAY – The market rallied above technical resistance at SPY $380 this week in anticipation of strong tech earnings. That level has been resilient even after negative reactions to MSFT, GOOG and META. After the close today...
09:23:29
Pete
You are all so kind - thank you. Yesterday I said that you might now learn anything from the presentation. Based on the feedback, I've changed my mind. You might want to watch it. Many of you have told me...
09:26:30
Pete
https://www.reddit.com/r/RealDayTrading/comments/yecvyu/tradiercboe_option_summit_video/ The link is on this Reddit and you can post questions and comments to the Reddit. That will centralize them
09:41:04
Pete
Bearish 1OP cross pending, in the gap... this could be a good short signal. I am going to wait. Lots of volatility before the open.
10:05:30
Pete
These are some incredible swings. The market does not know what it wants to do.
10:18:47
Pete
Nice to be able to consider selling some put spreads. Been a while.
10:19:19
Pete
So far I have avoided a nasty whipsaw by not trading /ES early.
10:20:59
Pete
I am impressed with the market's ability to hold support after the disaster from META. I would like to see sellers take another shot at the bid. I want to see a higher low and that could coincide with a...
10:31:17
Pete
I did like the bid check and the bounce this morning. I view that as bullish. The market should have been punished today after META and the temptation would have been to sell the @#$% out of it. The bid...
10:32:30
Pete
Long ES 3868.25
10:33:31
Pete
I have a 1/2 position on. 1OP might cross before it gets to zero and I will add on strength. 
10:34:23
Pete
I would also add on a pullback as long as the $383 level holds. I will let you know if I add
10:53:07
Pete
I want to clear the open of the last red candle. If I get it soon on this bullish cross I will add to the long. I am satisfied that the open of the last long green candle has been...
11:22:15
Pete
I will keep my long if we can hold this level and get thru the bearish 1OP cycle. It is only 1/2 position so not sweating this. I am waiting for some sense of direction also. My ideal set up...
11:33:14
Pete
I do like the tails I am seeing here and there is support at the close from Wed
11:33:52
Pete
We are also close to a bullish cross. We should see it in the next 10 min
Top