© 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.
Dull Day Likely Ahead of Big News
www.oneoption.com
The market has no direction and it is chopping around the 50-day MA. Traders are not likely to place big bets today.
PRE-OPEN MARKET COMMENTS TUESDAY – The SPY closed above the 50-day MA yesterday and the overnight dip is going to test it this morning. Traders are going to wait for a major round of news in the next 24 hours and this could be a dull session.
AAPL is going to release a new iPhone, CRM is hosting a big conference, the CPI will be posted tomorrow and the ECB rate decision is scheduled Thursday.
ORCL posted earnings after the close yesterday and the stock is down 10%. That is weighing on the market and tech stocks this morning.
My comments are relatively brief this morning because I have no clue of which way the market is going to break. This could be a double top lower high that results in a test of the 100-day MA in a couple of weeks or it could be a bullish flag where we test the 52-week high. Buyers and sellers are paired off and the 50-day MA is a magnet. We have crossed it many times in the last few weeks.
My market bias is neutral and I am expecting a breakout from this wedge formation next week. This is triple witching so we are likely to get a trend day this week. That will be a good day trading opportunity, but I suggest keeping your swing trades to a minimum.
From a day trading standpoint today, we have to see what happens at the 50-day MA. Overseas markets were generally flat with marginal gains and losses. If the 50-day MA fails with ease on the first attempt, that would be slightly bearish for the day. If we get an instant bounce off of the 50-day with heavy volume and stacked green candles, it would be bullish. Unfortunately, I am not expecting either. I believe we are going to chop around today and finish near the 50-day MA. That will leave everyone guessing and traders will wait for the overnight news. Volume is the key. If we have it, the market has a good chance of making a sustained move. Without volume, we are dead in the water today and we can expect choppy two-sided moves.
Support is at the 50-day MA and $445. Resistance is at $448.50 and $450.
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.