© Copyright 2025 eOption, a division of Regal Securities, Inc., Member
FINRA/
SIPC |
Important Disclosures
950 Milwaukee Ave., Ste. 102 | Glenview, IL 60025
The information on this web site is for discussion and information purposes only. All accounts accepted at the discretion of eOption which accepts customer orders only on an unsolicited basis, and does not make any recommendations regarding any security or securities product with the possible exception of orders executed by our full service bond desk. Nothing contained herein should be considered as an offer to buy or sell any security or securities product. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.
FINRA BrokerCheck reports for Regal Securities and its investment professionals are available at www.finra.org/brokercheck.
Options Disclosure: Options involve risk and are not suitable for all investors. Prior to trading options, you must be approved for options trading and read the Characteristics and Risks of Standardized Options. A copy may also be requested via email at support@eoption.com or via mail to eOption, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.
eOption Commissions: Broker-assisted orders are an additional $15. Option strategies involve multiple purchases; therefore your transaction costs may be significant for option strategy trades. A commission rate of $2.00 for equities and $3.99 + $.10/contract for options, per execution, applies to orders entered and filled by eOption's Auto Trade Desk and does not apply to customers who enter their trades directly into the eOption platform and are not utilizing the Auto Trade desk.
Broker Comparison: The competitor rates from published websites were verified on 05/25/2023 and are believed to be accurate, but not guaranteed. Commissions are subject to change without notice. At some firms, commissions may not reflect broker-assisted fees, orders over 1,000 shares, penny stock trades, OTCBB, pink sheet stocks or foreign stock orders. Firms may offer reduced commissions if additional criteria are met.
Blog & Commentary: eOption is neither affiliated with, sponsored by, nor endorses commentary and the opinions expressed are solely their own. Content is provided for educational and informational purposes only and eOption cannot attest to its accuracy or completeness. No information provided has been endorsed by eOption.com and does not constitute a recommendation by eOption to buy or sell a particular investment. You are solely responsible for your own investment decisions, and eOption makes no investment recommendations and does not provide financial, tax or legal advice.
Jobs, Jobs, Jobs
www.oneoption.com
This week we will find out if job growth is stable.
PRE-OPEN MARKET COMMENTS WEDNESDAY – Employment is the focal point this week. After the open JOLTs will be released. Tomorrow ADP, Challenger, Gray & Christmas and initial claims will be released and Friday the jobs report will be released. The Fed has been concerned about the labor market and it is their primary reason for a rate cut in two weeks.
Analysts are expecting a weak report on Friday (75K) and that should be a fairly low bar to hurdle. Initial jobless claims have been averaging around 230K and that would point to a “beat”. Even if the jobs report falls below 50K, the market could rejoice that a rate cut in two weeks is certain. The first rate cut by the Fed is typically market friendly.
Yesterday the market dropped after the long weekend. European markets were down because sovereign interest rates are rising. That translated into a drop for US markets and buyers stepped in. The market was able to enter the gap and after the close GOOG learned that it will not be forced to spin off Chrome in the DOJ’s antitrust case. That sparked a tech rally and much of yesterday’s losses have been erased.
The market has struggled to advance so we should not buy gaps up. Those moves attract profit taking. On the other hand, moves lower have been great entry points for longs. There isn’t much overall movement. The news is going to ramp up and we are out of the summer doldrums. I am expecting to see nice two-sided price movement as the month unfolds.
Until we get a nasty round of news where the selling pressure is relentless and we have a bearish trend day with heavy volume that closes on its low of the day, I won’t get overly concerned that the rally is over. Even then, I would need to see follow through selling the next day on volume. We have not seen anything that resembles this.
Support is at the close from yesterday and resistance is the close from Friday. There’s a good chance that we will fill the gap from Tuesday today.
Content is provided by OneOption, LLC, 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.