© Copyright 2025 eOption, a division of Regal Securities, Inc., Member
FINRA/
SIPC |
Important Disclosures
950 Milwaukee Ave., Ste. 102 | Glenview, IL 60025
The information on this web site is for discussion and information purposes only. All accounts accepted at the discretion of eOption which accepts customer orders only on an unsolicited basis, and does not make any recommendations regarding any security or securities product with the possible exception of orders executed by our full service bond desk. Nothing contained herein should be considered as an offer to buy or sell any security or securities product. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.
FINRA BrokerCheck reports for Regal Securities and its investment professionals are available at www.finra.org/brokercheck.
Options Disclosure: Options involve risk and are not suitable for all investors. Prior to trading options, you must be approved for options trading and read the Characteristics and Risks of Standardized Options. A copy may also be requested via email at support@eoption.com or via mail to eOption, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.
eOption Commissions: Broker-assisted orders are an additional $15. Option strategies involve multiple purchases; therefore your transaction costs may be significant for option strategy trades. A commission rate of $2.00 for equities and $3.99 + $.10/contract for options, per execution, applies to orders entered and filled by eOption's Auto Trade Desk and does not apply to customers who enter their trades directly into the eOption platform and are not utilizing the Auto Trade desk.
Broker Comparison: The competitor rates from published websites were verified on 05/25/2023 and are believed to be accurate, but not guaranteed. Commissions are subject to change without notice. At some firms, commissions may not reflect broker-assisted fees, orders over 1,000 shares, penny stock trades, OTCBB, pink sheet stocks or foreign stock orders. Firms may offer reduced commissions if additional criteria are met.
Blog & Commentary: eOption is neither affiliated with, sponsored by, nor endorses commentary and the opinions expressed are solely their own. Content is provided for educational and informational purposes only and eOption cannot attest to its accuracy or completeness. No information provided has been endorsed by eOption.com and does not constitute a recommendation by eOption to buy or sell a particular investment. You are solely responsible for your own investment decisions, and eOption makes no investment recommendations and does not provide financial, tax or legal advice.
Market Yawns After Jobs Report
www.oneoption.com
The market is going to stay in the range and wait for the next catalyst.
PRE-OPEN MARKET COMMENTS FRIDAY – The market has been trading in a horizontal range and a very large news cycle just passed without incident. This will embolden buyers.
The jobs report came in a little light today, but when you factor in upward revisions of 100K in the last two months, it was actually pretty strong. The one concern is that hourly wages increased .5%. That is inflationary and it will keep the Fed sidelined. This is the largest input cost for companies.
AMZN reported earnings and the stock is right where it was a couple of weeks ago. There is not much net change. All of the mega cap tech stocks have reported earnings. In general, they were good enough to support lofty forward P/Es, but not good enough to spark a market breakout.
I don’t like the macro economic backdrop. I can see it deteriorating gradually in the US and at a more accelerated pace globally. Bull markets die hard and there has simply not been enough bad news to spark profit taking. At this juncture, the market could breakout on light volume and it could float higher. If that happens, I am perfectly happy letting it go. I feel that the higher it runs, the better the short will be when it eventually sets up. Keep your risk exposure light and focus on day trading. The issue with this backdrop is that it will lull you to sleep. You will start to ignore the warning signs and you will join the breakout because you’ve been waiting for signs of selling pressure and they have not materialized. You are anxious and you do not want to miss the breakout.
The big numbers next week are CPI and PPI.
Earnings season will still be fairly busy next week, but most of the big companies have reported.
I am going to stay focused on day trading. My favorite set up today would be a wimpy grind higher that gets smacked down when it gets close to the all-time high. I would short that scenario and I want bulls to get lured in.
Support is at the low from Thursday and resistance is $610.
Content is provided by OneOption, LLC, which has no affiliation with Regal Securities, Inc. (“Regal”) This commentary is provided for information purposes only, and is not a recommendation, offer or solicitation by Regal to buy or sell securities or to adopt any investment strategy. Regal has not participated in the creation of the OneOption content and does not directly or indirectly endorse the content. Any reliance on this material is at the sole discretion of the reader.