Daily Commentary: December 02, 2020

Jeremy Engelbrecht1Option Commentary

Here’s How To Trade the Market Today – One Of My Favorite Day Trading Set-ups Posted by Pete Stolcers on December 02 www.1option.com   Yesterday the S&P 500 surged to a new all-time high and it was able to preserve the opening gap higher. That was a fairly bullish sign since these moves often produce intraday reversals like we saw … Read More

Daily Commentary: December 01, 2020

Jeremy Engelbrecht1Option Commentary

New All-time Market High – Wait Before You Buy – Watch For This Posted by Pete Stolcers on December 01 www.1option.com   The S&P 500 is poised to open at a new all-time high this morning. Three weeks ago we had a 150 point surge on exciting vaccine news and it has taken that long for us to retrace to … Read More

Daily Commentary: November 24, 2020

Jeremy Engelbrecht1Option Commentary

The Market Likes This Cabinet Selection – Keep Selling Put Spreads Posted by Pete Stolcers on November 24 www.1option.com   The transition to president elect Biden has sparked overnight buying. Perhaps the biggest catalyst was the selection of Janet Yellen as the Treasury Secretary. As the former Fed Chairman she was known to be very dovish and the market likes … Read More

Daily Commentary: November 23, 2020

Jeremy Engelbrecht1Option Commentary

Use This Options Trading Strategy While the Market Is Trapped In A Wide Range Posted by Pete Stolcers on November 23 www.1option.com   The S&P 500 is trapped in a 150 point wide trading range. The promise of an economic recovery in Q1 sparked by immunization is keeping buyers engaged while lofty valuations and a rapid rise in new Coronavirus … Read More

Daily Commentary: November 18, 2020

Jeremy Engelbrecht1Option Commentary

Market In A Choppy Grind Higher – Here Are the Driving Forces Posted by Pete Stolcers on November 18 www.1option.com   There wasn’t any incremental overnight news so I’m going to keep my comments brief. New vaccines are growing as quickly as the virus and both headlines are negating each other. Economic conditions are solid, but this wave of the … Read More

Daily Commentary: November 17, 2020

Jeremy Engelbrecht1Option Commentary

Market Wants To Rally But the Headwinds Are Stiff – Use This Options Strategy Posted by Pete Stolcers on November 17 www.1option.com   Yesterday the S&P 500 gapped higher on more good vaccine news. Moderna’s vaccine is more effective than Pfizer’s and it is easier to transport. Stocks were able to hold the gains through most of the day and … Read More

Daily Commentary: November 12, 2020

Jeremy Engelbrecht1Option Commentary

Take Gains On SPY Position – Price Action Is Changing My Bias Posted by Pete Stolcers on November 12 www.1option.com   The market has been struggling to regain its footing since the 150 point S&P 500 breakout Monday morning. That gap reversal Monday instantly tested the breakout and buyers have yet to return. Price action dictates all of my actions … Read More

Daily Commentary: November 11, 2020

Jeremy Engelbrecht1Option Commentary

The Market Tested the Breakout – Stay Long! Posted by Pete Stolcers on November 11 www.1option.com   Yesterday the S&P 500 took a pause after a monster breakout on Monday. News that Pfizer will start distributing its highly effective vaccine before year-end sparked a 150 point rally to start the week. Those gains gradually disappeared during the day and yesterday … Read More

Daily Commentary: November 10, 2020

Jeremy Engelbrecht1Option Commentary

Market Got Ahead of Itself – Bulls Need This To Happen Soon Posted by Pete Stolcers on November 10 www.1option.com   Yesterday the S&P 500 surged 150 points to a new record high on the opening bell. Optimism over a Coronavirus vaccine sparked buying on the notion that the economy will be able to get back on track in 2021. … Read More

Daily Commentary: November 09, 2020

Jeremy Engelbrecht1Option Commentary

We Are Long SPY and We Will Add Bullish Put Spreads Posted by Pete Stolcers on November 09 www.1option.com   The market rallied last week after the election on the notion that Joe Biden had a healthy lead and that Republicans would hold the Senate. That means that the Trump tax cuts would remain and that politicians could focus on … Read More