Daily Commentary: March 10, 2021

Jeremy Engelbrecht1Option Commentary

Selling Pressure Will Ease As Stimulus Bill Likely To Pass Today Posted by Pete Stolcers on March 10 www.1option.com   Yesterday the market shot higher and it was able to hold most of the gains. The downward sloping trend line that started a few weeks ago is still intact. If we break out to the upside we are likely to … Read More

Daily Commentary: March 09, 2021

Jeremy Engelbrecht1Option Commentary

One Good Day Does Not Make A Trend – Market Still Needs Time Posted by Pete Stolcers on March 09 www.1option.com   The S&P 500 will open 40 points higher this morning. There wasn’t much in the way of incremental news, but the US 10-year Treasury Note has bounced off of the one-year low. Interest rates have been rising steadily … Read More

Daily Commentary: March 08, 2021

Jeremy Engelbrecht1Option Commentary

Swing Traders Should Be In Cash – Here’s Why Posted by Pete Stolcers on March 08 www.1option.com   The market continues to remain extremely volatile and we are seeing selling pressure. The long-awaited $1.9 trillion stimulus bill was approved in the Senate over the weekend and there are some changes that need to be approved by the House. This should … Read More

Daily Commentary: March 05, 2021

Jeremy Engelbrecht1Option Commentary

This Market Drop Will Help You In 2 Ways – Here’s What To Do Posted by Pete Stolcers on March 05 www.1option.com   Higher bond yields finally cracked the market yesterday and major indexes closed below technical support. Tech stocks were impacted the most and the NASDAQ 100 closed below the 100-day moving average. Traders were expecting Jerome Powell to … Read More

Daily Commentary: March 03, 2021

Jeremy Engelbrecht1Option Commentary

Bad News Is Good News – ADP Miss Means the Fed Will Not Tighten Posted by Pete Stolcers on March 03 www.1option.com   The price action for the S&P 500 remains volatile within an upward sloping trading channel that started in November. Excitement over a $1.9 trillion stimulus bill has waned and many analysts are worried that our national debt … Read More

Daily Commentary: March 02, 2021

Jeremy Engelbrecht1Option Commentary

Watch This Critical Market Support – As Long As It Holds Use This Trading Strategy Posted by Pete Stolcers on March 02 www.1option.com   Yesterday the market staged an impressive rally and beginning of the month fund buying may have fueled the move. The S&P 500 closed above critical support at the 50-day moving average and we are once again … Read More

Daily Commentary: March 01, 2021

Jeremy Engelbrecht1Option Commentary

Market At A Critical Juncture – Make Sure Support Holds Then Use This Options Trading Strategy Posted by Pete Stolcers on March 01 www.1option.com   It’s exciting to turn your screen on Monday morning and to see the S&P 500 up 40 points. Unfortunately, we are just recovering the losses from the last 10 minutes of trading on Friday. The … Read More

Daily Commentary: February 26, 2021

Jeremy Engelbrecht1Option Commentary

Good Sign For Market Rally Today – This Is What You Need To Watch Posted by Pete Stolcers on February 26 www.1option.com   Yesterday the S&P 500 saw relentless selling that pushed the index down to the lows of the week. Support at SPY $385.80 has been breached and the 50-day moving average ($379.83) has to hold to prevent another … Read More

Daily Commentary: February 25, 2021

Jeremy Engelbrecht1Option Commentary

This Market Pattern Is Here To Stay – Here’s How To Trade It Posted by Pete Stolcers on February 25 www.1option.com   Tuesday the market probed for support and it found it just above the 50-day moving average. Aggressive buying fueled a nice reversal two days ago and we saw follow through yesterday. Traders are completely focused on bond yields … Read More

Daily Commentary: February 24, 2021

Jeremy Engelbrecht1Option Commentary

This Is The Market Pattern You Need To Watch – It Is Likely To Last Posted by Pete Stolcers on February 24 www.1option.com   After bumping its head against ceiling for two weeks, the market probed for support. A nasty drop Tuesday almost tested the 50-day moving average before buyers emerged. The snapback rally lasted the entire day and the … Read More