Daily Commentary: June 15, 2021

Jeremy Engelbrecht1Option Commentary

Light Volume Rallies Are Vulnerable – Tread Cautiously Ahead of the Fed Posted by Pete Stolcers on June 15 www.1option.com   Yesterday the S&P 500 spent most of the day in negative territory. In the last 30 minutes of trading we saw a spike on heavy volume and the market was able to make a new all-time high. This is … Read More

Daily Commentary: June 11, 2021

Jeremy Engelbrecht1Option Commentary

Market Not Able To Breakout – The Headwinds Are Stiff Posted by Pete Stolcers on June 11 www.1option.com   PRE-OPEN MARKET COMMENTS FRIDAY – Yesterday the market dropped on the CPI news and it instantly rebounded. The price action during the day was choppy and the headwinds are stiff at the all-time high. I am expecting a dull trading day … Read More

Daily Commentary: June 10, 2021

Jeremy Engelbrecht1Option Commentary

Market Breakout – The Reaction To CPI Revealed A Strong Bid Posted by Pete Stolcers on June 10 www.1option.com   This morning the market is set to open at a new all-time high. Unlike other gaps up, this one is a little different. The initial reaction to CPI was negative and the market instantly reversed those losses indicating a strong … Read More

Daily Commentary: June 09, 2021

Jeremy Engelbrecht1Option Commentary

Potential Market Speedbump Thursday – Watch This Number Posted by Pete Stolcers on June 09 www.1option.com   The market will make a new all-time high this morning, but don’t expect an explosive move higher. Light volume rallies are vulnerable to profit-taking and I am always looking for potential “speed bumps”. We may have one tomorrow so be prudent and keep … Read More

Daily Commentary: June 04, 2021

Jeremy Engelbrecht1Option Commentary

Market Will Be Flat the Next Few Weeks – We Are Heading Into A News Vacuum Posted by Pete Stolcers on June 04 www.1option.com The jobs report today was a non-event. There are buyers and sellers and that this is a “dead spot” for the market. I am expecting a trading range for the next month and a half and … Read More

Daily Commentary: June 03, 2021

Jeremy Engelbrecht1Option Commentary

Get Your Wish List Together On This Market Drop – Be Ready To Buy Posted by Pete Stolcers on June 03 www.1option.com Unlike the major financial new outlets, I don’t try to justify every wiggle and jiggle in the market. The fact remains that there are buyers and sellers and that this is a “dead spot” for the market. Economic … Read More

Daily Commentary: June 02, 2021

Jeremy Engelbrecht1Option Commentary

Slow Day Ahead – Traders Will Wait For Major Economic News Posted by Pete Stolcers on June 02 www.1option.com   Yesterday the market opened at a new all-time high and those gains were quickly erased. As I mentioned in my pre-open market comments, those moves are typically faded. When we have a gap reversal off of a new all-time high … Read More

Daily Commentary: June 01, 2021

Jeremy Engelbrecht1Option Commentary

Market Testing All-time High On Light Volume – Don’t Chase Posted by Pete Stolcers on June 01 www.1option.com   The S&P 500 has been able to float higher during light pre-holiday trading. This morning we will challenge the all-time high and beginning of the month fund buying is providing a small tail wind. Major economic releases will be robust this … Read More

Daily Commentary: May 26, 2021

Jeremy Engelbrecht1Option Commentary

Flat Market With Tight Ranges and Low Volume – We Are In Pre-Holiday Mode Posted by Pete Stolcers on May 26 www.1option.com   The market is in pre-holiday mode and trading volumes are light. There is no news to push the S&P 500 through the all-time high and I expect to see profit taking when we get there. By the … Read More

Daily Commentary: May 24, 2021

Jeremy Engelbrecht1Option Commentary

Market Will Float Higher On Low Volume This Week – Don’t Chase Posted by Pete Stolcers on May 24 www.1option.com   Last week the S&P 500 tested the 50-day moving average for the second time in two weeks. Support held and we made a higher low double bottom. That would seem bullish, but it’s important to remember that we’ve also … Read More