Daily Commentary: December 10, 2018

Terrie Amengual1Option Commentary

The Fed Will Determine If We Close 2018 On the Low of the Year Posted by Pete Stolcers on December 10 www.oneoption.com Posted 9:30 AM ET – My comments will be limited this week due to family health crisis. Thank you for your prayers. Comments were posted Sunday night. There is one remaining news event this year and it is … Read More

Daily Commentary: December 7, 2018

Terrie Amengual1Option Commentary

Market Will Compress In the Middle of the Range and Wait For FOMC Posted by Pete Stolcers on December 7 www.oneoption.com Posted 9:30 AM ET – Yesterday the S&P 500 fell to its low from two weeks ago just after the opening bell. That support level held and stocks rebounded late in the day. We’re in the middle of the … Read More

Daily Commentary: December 6, 2018

Terrie Amengual1Option Commentary

Market Wants Action From Fed and Trump – Not Words Posted by Pete Stolcers on December 6 www.oneoption.com Posted 9:30 AM ET – After the bloodbath Tuesday, the S&P 500 is down another 45 points before the open today. Robust earnings, strong domestic economic growth and seasonal strength have failed to attract buyers. Sentiment has soured dramatically in the last … Read More

Daily Commentary: December 4, 2018

Terrie Amengual1Option Commentary

Market Has No Catalysts – This Bounce Is Almost Out of Gas Posted by Pete Stolcers on December 4 www.oneoption.com Posted 9:30 AM ET – Yesterday’s reaction to the G20 meeting between Trump and Xi was like a cold hand shake. The embrace was there, but it did little to satisfy. There weren’t any specifics, just a cease-fire and a … Read More

Daily Commentary: December 3, 2018

Terrie Amengual1Option Commentary

No Deal With China – Only A Cease Fire – Take Profits On Longs Posted by Pete Stolcers on December 3 www.oneoption.com Posted 9:30 AM ET – In the last week the market has gotten exactly the news it needed and this morning it will challenge the 100-day moving average. The G20 meeting between Trump and Xi went well and … Read More

Daily Commentary: November 30, 2018

Terrie Amengual1Option Commentary

Take Profits On SPY Today – Trump and Xi Not Ready To Deal Posted by Pete Stolcers on November 30 www.oneoption.com Posted 9:30 AM ET – Yesterday the FOMC minutes were released and the tone was dovish. Stocks inched higher on the news, but a late day round of selling erased the gains. Trump and Xi have been sparring before … Read More

Daily Commentary: November 29, 2018

Terrie Amengual1Option Commentary

Market Bounce Will Continue – Ride Profits and Use These Levels Posted by Pete Stolcers on November 29 www.oneoption.com Posted 9:30 AM ET – We are long the S&P 500 and we are going to ride this bounce. Yesterday, shorts ran for cover after Fed Chairman Powell said that the Fed was likely to pause next year. This afternoon we … Read More

Daily Commentary: November 28, 2018

Terrie Amengual1Option Commentary

Short Squeeze Has Started – Buy This Bounce – Big News At Noon Posted by Pete Stolcers on November 28 www.oneoption.com Posted 9:30 AM ET – There wasn’t any incremental news overnight. The last two days the S&P 500 has been able to rally in the last hour of trading. We have seen follow-through the next day and a double … Read More

Daily Commentary: November 27, 2018

Terrie Amengual1Option Commentary

Market Should Bounce As Shorts Get Squeezed – Use Intraday Stops Posted by Pete Stolcers on November 27 www.oneoption.com Posted 9:30 AM ET – The calendar is filled with major news events Wednesday through Friday. I’m expecting a small relief rally that lasts a week and then the selling should resume. Powell will speak on Wednesday and we need to … Read More

Daily Commentary: November 26, 2018

Terrie Amengual1Option Commentary

Market Should Bounce This Week – We Bought the Dip – Use This Stop Posted by Pete Stolcers on November 26 www.oneoption.com Posted 9:30 AM ET – The market has been very weak during a historically bullish time of the year. Trump and Xi will meet at the end of the week and I believe the rhetoric will be encouraging. … Read More