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

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

Daily Commentary: January 23, 2019

Terrie Amengual1Option Commentary

Buy Puts Today and Use This Stop! Posted by Pete Stolcers on January 23 www.1option.com Yesterday the market showed the first signs of weakness. The selling pressure was steady and the SPY breached the 50-day MA during the day. It did close above it, but another drop below it could pave the way for more selling. Trade talk rumors are … Read More

Daily Commentary: January 22, 2019

Terrie Amengual1Option Commentary

Market Rally Will Stall – Too Many Unresolved Issues Posted by Pete Stolcers on January 22 www.1option.com Posted 9:30 AM ET – The S&P 500 broke through the 50-day moving average on Friday and that support level needs to hold. There are many unresolved issues and the downside will be tested early this morning. We are in a bullish pattern … Read More

Daily Commentary: January 18, 2019

Terrie Amengual1Option Commentary

Market Thru Resistance – Get Short If This Happens Posted by Pete Stolcers on January 18 www.1option.com Posted 9:30 AM ET – Yesterday the market instantly erased early losses and it rallied most of the day. We are seeing a bullish pattern of lower opens and higher closes. Late yesterday we learned that the White House wants to strike a … Read More

Daily Commentary: January 17, 2019

Terrie Amengual1Option Commentary

Watch This Sector – Market Needs It Or Rally Will End Posted by Pete Stolcers on January 17 www.1option.com Posted 9:30 AM ET – The market has been grinding higher and it is approaching resistance at the 50-day MA. Earnings guidance will be critical during the next few weeks. The overnight news was generally positive, but the market will have … Read More

Daily Commentary: January 16, 2019

Terrie Amengual1Option Commentary

Market Breakout Will Fuel A Move To This Level Posted by Pete Stolcers on January 16 www.1option.com Posted 9:30 AM ET – Yesterday the market broke out of a five-day compression and it was able to hold the gains. The Brexit vote did not have much of an impact and stocks are moving higher before the open. Overhead resistance is … Read More

Daily Commentary: January 15, 2019

Terrie Amengual1Option Commentary

Market Is Compressing – Wait For A Breakout/Breakdown Posted by Pete Stolcers on January 15 www.1option.com Posted 9:30 AM ET – The market has been compressing during a light news cycle. Buyers and sellers are paired off and we are at equilibrium. Earnings season has kicked off and this will provide clarity. Trading volume is declining and the market could … Read More