Daily Commentary: February 15, 2019

Terrie Amengual1Option Commentary

Stay Bearish – Bad News Is Mounting and the Bid Will Soften Posted by Pete Stolcers on February 15 www.1option.com Posted 9:30 AM ET – Yesterday the market tested the 200-day moving average after a soft retail sales report. Stocks found support and the market was able to close above that critical level. Trump will reluctantly sign a bill today … Read More

Daily Commentary: February 14, 2019

Terrie Amengual1Option Commentary

Buy Puts – There Are Cracks In the Dam Posted by Pete Stolcers on February 14 www.1option.com Posted 9:30 AM ET – Yesterday the market tried to advance after breaking through the 200-day moving average the day before. The high of the day was established early and the momentum stalled. In the last 30 minutes of trading we saw a … Read More

Daily Commentary: February 13, 2019

Terrie Amengual1Option Commentary

Stay In Cash Until This Happens – Then Buy Puts Posted by Pete Stolcers on February 13 www.1option.com Posted 9:30 AM ET – Yesterday the market rallied above critical resistance at SPY $274. That is the 200-day moving average and the gains held. Most of the action has come overnight and once the initial move is made, the volume drops … Read More

Weekly Event Calendar: 02/11/2019 – 02/15/2019

Terrie AmengualWeekly Event Calendar

What’s on Tap Weekly Calendar Monday February 11th Economic Calendar: · Another week that government data plays catch up following the month-long government shutdown from two weeks ago – as some finalized economic data points still not complete Earnings Calendar: · Earnings Before the Open: GPRE, L, MCY, MPAA, NGL · Earnings After the Close: AMKR, BHF, BRKR, CMP, CAN, … Read More

Daily Commentary: February 12, 2019

Terrie Amengual1Option Commentary

Market Is Tired – Watch For Selling Pressure At This Level Posted by Pete Stolcers on February 12 www.1option.com Posted 9:30 AM ET – Yesterday the trading volume was anemic, but the market managed to stay above critical support at SPY $270. Optimism over a US/China trade deal and a US budget deal are fueling a pre-open rally. The S&P … Read More

Daily Commentary: February 11, 2019

Terrie Amengual1Option Commentary

Market Is Tired – Watch For 2 Bearish Signs This Week Posted by Pete Stolcers on February 11 www.1option.com Posted 9:30 AM ET – Last week the S&P 500 rallied above the 100-day moving average and it was within striking distance of the 200-day moving average. Resistance was stiff at that level and profit-taking pushed the SPY back below the … Read More

Daily Commentary: February 07, 2019

Terrie Amengual1Option Commentary

Buy Puts If This Happens Today – Unlikely But Possible Posted by Pete Stolcers on February 7 www.1option.com Posted 9:30 AM ET – Earnings season has climaxed and strong profits justify the recent bounce. The market is within striking distance of the 200-day moving average, but resistance is stiff. At a forward P/E of 16 stocks are trading near the … Read More

Daily Commentary: February 06, 2019

Terrie Amengual1Option Commentary

Market Will Test the 200-day MA – Wait For That “Tell” Posted by Pete Stolcers on February 6 www.1option.com Posted 9:30 AM ET – The upward momentum is strong and the market blew through the 100-day moving average on Monday. The S&P 500 is only 10 points away from challenging the 200-day moving average and it could happen this week. … Read More

Daily Commentary: February 05, 2019

Terrie Amengual1Option Commentary

Use the 100-day MA As Your Guide – Good News Is Priced In Posted by Pete Stolcers on February 5 www.1option.com Posted 9:30 AM ET – Yesterday the S&P 500 broke through the 100-day moving average. That was a major technical level and momentum favors the upside. Mega cap tech stocks have reported earnings and sellers will get more aggressive. … Read More

Daily Commentary: February 04, 2019

Terrie Amengual1Option Commentary

Market Not Able To Breakout On Fantastic News – Be Careful Posted by Pete Stolcers on February 4 www.1option.com Posted 9:30 AM ET – Last week traders digested an incredible amount of news and it was generally good. The S&P 500 challenged the 100-day moving average on Friday, but it could not break through. This is a formidable resistance level … Read More