Daily Commentary: February 22, 2022

Jeremy Engelbrecht1Option Commentary

Here’s How Will Russian Impact the Market Posted by Pete Stolcers on February 22 www.1option.com   The S&P 500 has been down more than 70 points since the close Friday and it has recovered almost all of those losses. As I scan the headlines they are all focused on the likely invasion of the Ukraine. Putin can’t be trusted and … Read More

Daily Commentary: February 15, 2022

Jeremy Engelbrecht1Option Commentary

Market Will Struggle To Hold the Gap Today – Here’s Why Posted by Pete Stolcers on February 15 www.1option.com   Let’s keep this short and sweet. The S&P 500 is up 70 points overnight on news that Putin is reducing the troop count on the Ukrainian border by 10,000. The S&P 500 will open well above the 200-day MA this … Read More

Daily Commentary: February 14, 2022

Jeremy Engelbrecht1Option Commentary

The Fed Got It Wrong and the Market Does Not Like “Shocks” Posted by Pete Stolcers on February 14 www.1option.com   The market will remain volatile until the FOMC meeting in March. The odds of a 50 basis point rate hike are now at 100% a month from now and that is up from 50% just a week ago. Furthermore, … Read More

Daily Commentary: February 11, 2022

Jeremy Engelbrecht1Option Commentary

Volatile Market – Here’s My Swing Trading Plan and My Day Trading Plan Posted by Pete Stolcers on February 11 www.1option.com   PRE-OPEN MARKET COMMENTS FRIDAY – The market will remain volatile until the FOMC meeting in March and we are likely to trade between the 100-day MA and the 200-day MA. This is a very tough trading environment for … Read More

Daily Commentary: February 10, 2022

Jeremy Engelbrecht1Option Commentary

Inflation Is Running Hot – No Surprise – Expect Market Volatility Posted by Pete Stolcers on February 10 www.1option.com   Let me keep this short and sweet. The market will remain volatile until the FOMC meeting in March and we are likely to trade between the 100-day MA and the 200-day MA. Inflation is running hot, but we already know … Read More

Daily Commentary: February 09, 2022

Jeremy Engelbrecht1Option Commentary

Big Market Gap Higher – Here Are the Patterns To Watch For Today Posted by Pete Stolcers on February 09 www.1option.com The market tested support at SPY $430 multiple times a few weeks ago and it rallied off of that level. The 100-day MA provided resistance and the market retested support at the 200-day MA this week. Buyers are more … Read More

Daily Commentary: February 08, 2022

Jeremy Engelbrecht1Option Commentary

Here’s What The Market Will Do This Month Posted by Pete Stolcers on February 08 www.1option.com   My comments from yesterday are largely unchanged, just like the market. The S&P 500 tested the 200-day MA last Friday and it bounced just before it touched it. This retest will give buyers renewed confidence. My short term market opinion has a short … Read More

Daily Commentary: February 07, 2022

Jeremy Engelbrecht1Option Commentary

The Bond Market Is Telling the Fed To Hike Posted by Pete Stolcers on February 07 www.1option.com   The S&P 500 tested the 200-day MA last Friday and it bounced just before it touched it. This retest will give buyers renewed confidence. My short term market opinion has a short term bullish bias. My longer term market opinion is that … Read More

Daily Commentary: February 02, 2022

Jeremy Engelbrecht1Option Commentary

SPY Surging Thru 100-day MA – Sit Back and Enjoy the Ride Posted by Pete Stolcers on February 02 www.1option.com   The market rallied off of support last week and buyers are aggressive. Earnings season is in high gear and the results have been fantastic. The SPY is surging overnight and it will open above the 100-day MA. For in … Read More

Daily Commentary: February 01, 2022

Jeremy Engelbrecht1Option Commentary

Be Strong – Stay Long – Market Has More Upside Posted by Pete Stolcers on February 01 www.1option.com   The market has formed support and the FOMC statement is behind us. Earnings season is in high gear and that will be the focus for the next two weeks. As forecasted in yesterday’s comments the market rallied and it closed above … Read More