Daily Commentary: October 16, 2018

Terrie Amengual1Option Commentary

Market Bounce Is Coming – Nothing Calms Nerves Like Profits Posted by Pete Stolcers on October 16 www.oneoption.com      Posted 9:30 AM ET – Yesterday the market dropped in the last hour of trading and there are still some nervous jitters that need to be worked off. The S&P 500 is up 18 points before the open and it will challenge … Read More

Daily Commentary: October 15, 2018

Terrie Amengual1Option Commentary

Buy the SPY If This Happens – Market Will Retest the Low Posted by Pete Stolcers on October 15 www.oneoption.com      Posted 9:30 AM ET – The market hit the air pocket we’ve been waiting for and the NASDAQ 100 is down 10% from its high. The S&P 500 has dropped about 8.5% so it is close to a correction as … Read More

Daily Commentary: October 12, 2018

Terrie Amengual1Option Commentary

We Bought the Market Drop Yesterday – Time To Make Money – Use This Stop Posted by Pete Stolcers on October 12 www.oneoption.com      Posted 9:30 AM ET – We should get used to dramatic drops like this. Once trading programs are triggered they feed on themselves and the bottom falls out. The good news is that programs also kick in … Read More

Daily Commentary: October 11, 2018

Terrie Amengual1Option Commentary

Market Bounce Coming – Here’s How To Play It Using Options Posted by Pete Stolcers on October 11 www.oneoption.com   Posted 9:30 AM ET – Yesterday we saw the heaviest day of selling since February. Rising interest rates and a likely trade war with China sparked profit-taking. Once the momentum was established, trading programs kicked in and we were in a … Read More

Daily Commentary: October 10, 2018

Terrie Amengual1Option Commentary

Market Will Hit An Air Pocket and Snap Back – Wait For That Pattern Posted by Pete Stolcers on October 10 www.oneoption.com       Posted 8:30 AM ET – The S&P 500 is been able to maintain support at the 50-day moving average. Bonds are slipping this morning and the S&P 500 is down 5 points before the open. I still believe … Read More

Daily Commentary: October 9, 2018

Terrie Amengual1Option Commentary

Market Could Hit An Air Pocket – Here Are Your Buying Instructions! Posted by Pete Stolcers on October 9 www.oneoption.com       Posted 9:00 AM ET – The market has not had a meaningful pullback in over three months and we were due for a round of profit-taking. Bullish sentiment was extremely high and speculators are getting flushed out. Higher interest rates … Read More

Daily Commentary: October 8, 2018

Terrie Amengual1Option Commentary

We Will Wait For This Pattern – Then We Will Buy This Market Dip Posted by Pete Stolcers on October 8 www.oneoption.com       Posted 9:30 AM ET – Last week stocks took a breather and the SPY tested horizontal support at $287. Weakness overseas will weigh on the market this morning and that support level will be tested again. Bullish sentiment … Read More

Daily Commentary: October 5, 2018

Terrie Amengual1Option Commentary

SPY $287 Should Hold – Wages OK – Here Are Swing Trades For Today Posted by Pete Stolcers on October 5 www.oneoption.com     Posted 9:30 AM ET – Yesterday the market rolled over and resistance at the all-time high is firm. U.S. Treasury yields hit their highest level in years and bonds broke major horizontal support. Hawkish comments from the Fed … Read More

Daily Commentary: October 4, 2018

Terrie Amengual1Option Commentary

Resistance At the High Is Strong – My Favorite Trading Indicator Was Right Posted by Pete Stolcers on October 4 www.oneoption.com Posted 9:30 AM ET – Yesterday the market gapped up and it challenged the all-time high on the open. That pattern has been faded this year and it was faded yesterday. Stocks retreated and the S&P 500 is down … Read More

Daily Commentary: September 26, 2018

Terrie Amengual1Option Commentary

****1Option will not be posting comments Thursday 27th and Friday 28th**** Fed Will Not Be Dovish As Expected Today – Wage Inflation Is Their Concern Posted by Pete Stolcers on September 26 www.oneoption.com Posted 9:30 AM ET – The Fed will raise rates this afternoon and many analysts are expecting the word “accommodative” to be removed from the statement. This … Read More