Daily Commentary: February 21, 2019

Terrie Amengual1Option Commentary

Market Rally Is Out of Gas – Heed These Warning Signs Posted by Pete Stolcers on February 21 www.1option.com Posted 9:30 AM ET – The overnight news was extremely bullish, but the market is not moving higher. Trade talks with China are progressing and the framework has been forged. The S&P 500 jumped higher on the news and now it … Read More

Daily Commentary: February 20, 2019

Terrie Amengual1Option Commentary

Market Could Hit A Speed Bump Overnight – Watch This News Posted by Pete Stolcers on February 20 www.1option.com Posted 9:30 AM ET – The market is addicted to good news and the well is running dry. The S&P 500 is above the major moving averages and the next obstacle is horizontal resistance at SPY $281. Trading volume has been … Read More

Daily Commentary: February 19, 2019

Terrie Amengual1Option Commentary

Market Needs Great News On All Fronts To Tread Water Posted by Pete Stolcers on February 19 www.1option.com Posted 9:30 AM ET – The market has staged an impressive bounce off of the December lows. It has broken through the 100-day and 200-day moving averages and those technical levels now represent support. A more dovish Fed and trade negotiation progress … Read More

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

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 08, 2019

Scott Green1Option Commentary

Buy More Puts If This Happens Today – Bearish Price Action Posted by Pete Stolcers on February 8 www.1option.com Yesterday we saw the first signs of weakness and the S&P 500 blew through support at the 100-day moving average. The news was not that daunting and this suggests a heavy dose of profit-taking. Swing traders shorted the SPY when it … 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