Daily Commentary: August 17, 2018

Terrie Amengual1Option Commentary

Market Backdrop Improving – Buyers Will Be Back In A Few Weeks Posted by Pete Stolcers on August 17 www.oneoption.com Posted 9:30 AM ET – The market is treading water during the summer doldrums. We are in a news vacuum and stocks lack a catalyst. Traders and politicians are taking time off and I view this price action as “noise”. … Read More

Daily Commentary: August 16, 2018

Terrie Amengual1Option Commentary

Buy This Market Bounce – Lots Of Good News Will Attract Buyers Posted by Pete Stolcers on August 16 www.oneoption.com  Posted 9:30 AM ET – The market is searching for direction and opposing forces will keep it in a tight trading range through Labor Day. Traders are selling at SPY $286 and buying at SPY $280 The news is light … Read More

Daily Commentary: August 15, 2018

Terrie Amengual1Option Commentary

Buy This Market Dip If This Support Level Is Reached Posted by Pete Stolcers on August 15 www.oneoption.com  Posted 9:00 AM ET – The news driving the market today has been around for the last few weeks. Politicians are on vacation and the investors get nervous when no one is “minding the shop”. I view this light volume price action … Read More

Daily Commentary: August 14, 2018

Terrie Amengual1Option Commentary

Buy More SPY If It Hits This Level – Market Should Find Support Today Posted by Pete Stolcers on August 14 www.oneoption.com   Posted 9:15 AM ET – Yesterday the market opened on a positive note and it quickly soured. When stocks were not able to advance buyers pulled bids and a reversal was underway. Once the momentum was set there … Read More

Daily Commentary: August 13, 2018

Terrie Amengual1Option Commentary

Turkish Crisis Can Be Resolved – Market Will Tread Water – Buy Dips Posted by Pete Stolcers on August 13 www.oneoption.com   Posted 9:30 AM ET – Last week the S&P 500 and NASDAQ 100 challenged the all-time high. The market lacked a catalyst and the upward momentum stalled when the indices did not breakout. Selling Thursday afternoon spilled over Friday … Read More

Daily Commentary: August 10, 2018

Terrie Amengual1Option Commentary

Buy This Market Dip – Use This Level To Add To Your SPY Position Posted by Pete Stolcers on August 10 www.oneoption.com   Posted 9:00 AM ET – Yesterday the S&P 500 was less than 10 points away from an all-time high. Buyers tried to challenge resistance throughout the day but the volume was light and the market lacked a catalyst. … Read More

Daily Commentary: August 09, 2018

Terrie Amengual1Option Commentary

Light News Favors the Upward Momentum – Stay Long and Reduce Size Posted by Pete Stolcers on August 9 www.oneoption.com   Posted 9:30 AM ET – The news is light and that favors the upward momentum. Major indices are clearly through resistance and they are within striking distance of the all-time high. Trading volume will be low and tight daily ranges … Read More

Daily Commentary: August 08, 2018

Terrie Amengual1Option Commentary

S&P 500 Is 10 Points From All-time High – Breakout Could Spark FOMO Buying Posted by Pete Stolcers on August 8 www.oneoption.com    Posted 9:30 AM ET – The S&P 500 and NASDAQ 100 indices are on the verge of making new all-time highs. The news is light and momentum will float stocks higher. If the market breaks out we could … Read More

Daily Commentary: August 07, 2018

Terrie Amengual1Option Commentary

Buy SPY On the Open Today – 15 AM ET – Only Take Half A Position Posted by Pete Stolcers on August 7 www.oneoption.com    Posted 9:15 AM ET – The market is climbing a wall of worry and strong earnings are overpowering all of the issues I’ve been outlining the last few days. The S&P 500 and the NASDAQ 100 … Read More

Daily Commentary: August 06, 2018

Terrie Amengual1Option Commentary

Time Decay Will Be An Issue For Option Buyers In August – Here’s Why Posted by Pete Stolcers on August 6 www.oneoption.com Posted 9:00 AM ET – The market has been very choppy the last two weeks as it trying to breakout on strong earnings. Political headwinds are keeping a lid on the rally and conditions are not likely to … Read More