{"id":23333,"date":"2024-05-20T09:25:43","date_gmt":"2024-05-20T14:25:43","guid":{"rendered":"https:\/\/www.eoption.com\/?p=23333"},"modified":"2024-05-20T09:25:43","modified_gmt":"2024-05-20T14:25:43","slug":"daily-commentary-may-20-2024","status":"publish","type":"post","link":"https:\/\/www.eoption.com\/daily-commentary-may-20-2024\/","title":{"rendered":"Daily Commentary: May 20, 2024"},"content":{"rendered":"
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Your 2 Week Market Game Plan<\/h3>\n<\/div>\n
Posted by Pete Stolcers on May 20
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Here’s what I expect the market to do for the next couple of weeks. <\/h4>\n

PRE-OPEN MARKET COMMENTS MONDAY – Overseas markets were up marginally overnight. The fact that the market did not retrace much after the breakout Wednesday is a bullish sign. We still could see a little selling pressure so we can’t get overly excited. The dip late Friday and the bounce on good volume tells me that buyers are still interested. I am expecting a light volume float higher for two weeks. This is not a market we can get aggressive with. We have scaled into bullish swing positions from the bounce off of the 100-day MA and I would be comfortable adding here. Our average cost is much lower. Expect tight intraday ranges. <\/p>\n

This will be the final leg higher for the bounce and as the momentum starts to stall out in a couple of weeks, I would take gains on swing longs. Light volume and compressed tiny bodied candles will eventually lose the upward momentum. Watch for this.\u00a0 This is “musical chairs”… don’t wait for the “music to stop”.\u00a0For detailed market analysis, watch this video<\/a>. <\/p>\n<\/p><\/div>\n

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Content is provided by OneOption, LLC<\/a>, which has no affiliation with Regal Securities, Inc. (“Regal”) This commentary is provided for information purposes only, and is not a recommendation, offer or solicitation by Regal to buy or sell securities or to adopt any investment strategy. Regal has not participated in the creation of the OneOption content and does not directly or indirectly endorse the content. Any reliance on this material is at the sole discretion of the reader.<\/em><\/p>\n<\/p><\/div>\n

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Your 2 Week Market Game Plan Posted by Pete Stolcers on May 20 www.oneoption.com Here’s what I expect the market to do for the next couple of weeks. PRE-OPEN MARKET COMMENTS MONDAY – Overseas markets were up marginally overnight. The fact that the market did not retrace much after the breakout Wednesday is a bullish sign. We still could see … Read More<\/a><\/p>\n","protected":false},"author":12,"featured_media":1318,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-23333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1option-commentary"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/posts\/23333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/comments?post=23333"}],"version-history":[{"count":1,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/posts\/23333\/revisions"}],"predecessor-version":[{"id":23334,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/posts\/23333\/revisions\/23334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/media\/1318"}],"wp:attachment":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/media?parent=23333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/categories?post=23333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/tags?post=23333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}