Daily Commentary: April 23, 2020

Jeremy Engelbrecht1Option Commentary

Take Profits On Long Positions – I’m Getting More Bearish With Each Passing Day [Here’s Why] Posted by Pete Stolcers on April 23 www.1option.com The S&P 500 has not moved much in the last two weeks and the upward momentum has stalled. The market is resting right in the middle of its range for the last two months and Asset … Read More

Daily Commentary: April 22, 2020

Regal Helpdesk1Option Commentary

Small Business Stimulus Needed – Market Momentum Is Stalling – My Bias Is Changing Posted by Pete Stolcers on April 22 www.1option.com Yesterday the market saw heavy selling pressure and the gains from the last two weeks have been erased. The upward momentum that we have seen during the last month is stalling and investors are waiting to see if … Read More

Daily Commentary: April 21, 2020

Regal Helpdesk1Option Commentary

Market Will Decline Soon – Oil Is An Example of What’s To Come Posted by Pete Stolcers on April 21 www.1option.com In the last two weeks the market has been in a fairly tight trading range. The tiny bodied candles are a sign that the rally is running out of steam. Oil prices have dropped to historic lows and the … Read More

Daily Commentary: April 20, 2020

Regal Helpdesk1Option Commentary

Market Bid Will Start To Weaken After Mega Cap Tech Earnings Posted by Pete Stolcers on April 20 www.1option.com Last week the S&P 500 rallied to my first target at the 100-week moving average and we took profits on our SPY position. A strong rally in the last 15 minutes of trading fueled much of the move and the S&P … Read More

Daily Commentary: April 17, 2020

Regal Helpdesk1Option Commentary

Take SPY Profits This Morning – Good News Is Priced In and Road Ahead IS Bumpy Posted by Pete Stolcers on April 17 www.1option.com This morning the S&P 500 is up 75 points and our first target will be reached at the 100-week moving average. President Trump plans to reopen the country in stages and he outlined his plan. There … Read More

Daily Commentary: April 16, 2020

Regal Helpdesk1Option Commentary

Take Profits On SPY – Here Is Your Target – Resistance Will Start To Build In 2 Weeks Posted by Pete Stolcers on April 16 www.1option.com Yesterday the S&P 500 gave back the gains from Tuesday and this is a reminder that the recovery process will be gradual. We can expect selling when the market gets ahead of itself. Buyers … Read More

Daily Commentary: April 15, 2020

Regal Helpdesk1Option Commentary

Market Still Has Upside – The Drop Today Is A Reminder That Resistance Is Building Posted by Pete Stolcers on April 15 www.1option.com Yesterday the S&P 500 rallied 70 points higher and this morning those gains are going to be given back. News that the spread of the Coronavirus was decelerating attracted buyers after a three-day weekend. The first step … Read More

Daily Commentary: April 14, 2020

Regal Helpdesk1Option Commentary

Market Rally Still Has Some Legs But We Will Take Profits At This Level [Target Price] Posted by Pete Stolcers on April 14 www.1option.com The S&P 500 has been able to hold the gains from last week during the last two sessions. This is a sign that buyers are engaged at this level and the S&P 500 is up 40 … Read More

Daily Commentary: April 13, 2020

Regal Helpdesk1Option Commentary

Market Will Start To Hit Resistance Soon – Here Is A Stock I Would Like To Buy Cheaper [Pick] Posted by Pete Stolcers on April 13 www.1option.com Last week the market rallied more than 12% and that is its best week ever. According to healthcare experts, the Coronavirus seems to have hit its peak and fear should subside gradually. This … Read More

Daily Commentary: April 9, 2020

Regal Helpdesk1Option Commentary

Market Rally Should Continue – Here Is the First Target [We Could Reach It Next Week] Posted by Pete Stolcers on April 9 www.1option.com As expected, the coronavirus news is improving globally. The spread rate is declining and the number of new deaths is also decreasing. In the US we are likely to hit the apex in the next few … Read More