Weekly Event Calendar: 02/04/2019 – 02/08/2019

Terrie AmengualWeekly Event Calendar

What’s on Tap Weekly Calendar Monday February 4th Economic Calendar: · In addition to the below mentioned economic data points – watch for several data points to be released that were not officially announced as of late week – delays due to recent gov’t shutdown · 10:00 AM EST Factory Orders for November · 10:00 AM EST Factory Orders Ex; … Read More

Daily Commentary: February 01, 2019

Terrie Amengual1Option Commentary

Huge Jobs Report – SPY Will Test the 100-day MA Today Posted by Pete Stolcers on February 1 www.1option.com Posted 9:30 AM ET – This has been an extremely busy news week. In general, the news has been good and the S&P 500 is within striking distance of the 100-day moving average. I am looking for signs of exhaustion and … Read More

Daily Commentary: January 31, 2019

Terrie Amengual1Option Commentary

My Game Plan For Day Trading Today Posted by Pete Stolcers on January 31 www.1option.com Posted 9:30 AM ET – The S&P 500 is only 30 points from the 100-day moving average. I believe that resistance level will be tested in the next week and the market rally will stall. Earnings have been good and the FOMC statement was dovish. … Read More

Daily Commentary: January 30, 2019

Terrie Amengual1Option Commentary

The Biggest Market Threat – It’s Not the FOMC – News Pending Posted by Pete Stolcers on January 30 www.1option.com Posted 9:30 AM ET – The S&P 500 has been compressing in a tight range the last seven trading days. The upward momentum from the oversold bounce has stalled. Traders are waiting for major announcements this week and the outcome … Read More

Daily Commentary: January 29, 2019

Terrie Amengual1Option Commentary

This Is A Critical Week For the Market – Major News Posted by Pete Stolcers on January 29 www.1option.com Posted 9:30 AM ET – The news during the next 36 hours will be critical for the market. We will wait for the reaction and act accordingly. England will hold a Brexit vote today and Apple will post earnings after the … Read More

Daily Commentary: January 28, 2019

Terrie Amengual1Option Commentary

Huge News Week Will Reveal Market Strength/Weakness Posted by Pete Stolcers on January 28 www.1option.com Posted 9:30 AM ET – Last Friday the market staged an impressive rally, but it was not able to get through resistance at SPY $267. Rumors of a government deal and dovish comments from the Fed attracted buyers. This is an extremely heavy news week … Read More

Weekly Event Calendar: 01/28/2019 – 02/01/2019

Terrie AmengualWeekly Event Calendar

What’s on Tap Weekly Calendar   Monday January 28th Economic Calendar: · Note many data points could come out this week if the government shutdown is lifted · 8:30 AM EST Chicago Fed National Activity Index for Dec · 10:30 AM EST Dallas Fed Manufacturing Activity for January   Earnings Calendar: · Earnings Before the Open: ARLP, BOH, CAT, IDTI … Read More

Market Review: January 25, 2019

Terrie AmengualDaily Market Report

Closing Recap Friday, January 25, 2019   Equity Market Recap · U.S. stocks were strong throughout the trading session, rallying as President Donald Trump announced a deal to reopen the government for three weeks with no wall money (ending the 35-day shutdown). President Trump did say the U.S. government would shut down again in three weeks (Feb 15th) if Congress … Read More

Daily Commentary: January 25, 2019

Terrie Amengual1Option Commentary

Day Traders – Get Short When the Momentum Stalls Today Posted by Pete Stolcers on January 25 www.1option.com Posted 9:30 AM ET – This week the market tested the 50-day moving average twice and it bounced off of that support level. Earnings season is in full bloom and the results have generally been good. The news has been relatively light … Read More

Daily Commentary: January 24, 2019

Terrie Amengual1Option Commentary

Take Profits On the Puts – Market Bid Is Still Decent Posted by Pete Stolcers on January 24 www.1option.com Posted 9:30 AM ET – Yesterday the market tested the 50-day moving average for a second time this week and it bounced off of that support level. The bid is still relatively strong and earnings season has been better than feared. … Read More