Daily Commentary: September 11, 2018

Terrie Amengual1Option Commentary

Day Traders Short the Market At This Level – Swing Traders Stay In Cash Posted by Pete Stolcers on September 11 www.oneoption.com   Posted 9:30 AM ET – The market is waiting for news that could push it in either direction. The S&P 500 is clinging to the breakout from two weeks ago and the selling pressure could accelerate if it … Read More

Daily Commentary: September 10, 2018

Terrie Amengual1Option Commentary

No Meaningful Market Rally Until We Have A Few Days of Heavy Selling Posted by Pete Stolcers on September 10 www.oneoption.com   Posted 9:30 AM ET – Last week the QQQ and the SPY tested their respective breakouts. QQQ failed to hold that level and tech stocks remained weak. After testing $287 twice, the SPY was able to maintain the breakout … Read More

Daily Commentary: September 7, 2018

Terrie Amengual1Option Commentary

Here Is Why the Market Is Down On A Strong Jobs Report – More Selling To Come Posted by Pete Stolcers on September 7 www.oneoption.com Posted 9:30 AM ET – The market is testing the recent breakout and this is a critical juncture. The QQQ closed below $182.80 yesterday, but the SPY bounced off of $287. A number of dark … Read More

Daily Commentary: September 6, 2018

Terrie Amengual1Option Commentary

Market Will Struggle – SPY $287 Will Be Tested – Take Profits and Wait Posted by Pete Stolcers on September 6 www.oneoption.com Posted 9:30 AM ET – Last week the market broke out to a new all-time high when a trade deal with Mexico was signed. Since then stocks have gradually been drifting lower and we are likely to test … Read More

Daily Commentary: September 5, 2018

Terrie Amengual1Option Commentary

Swing Traders Need To Protect Profits – Day Traders Should Favor Short Side Posted by Pete Stolcers on September 5 www.oneoption.com Posted 9:30 AM ET – Yesterday the market felt soft. Stocks probed for support and buyers were not anxious to chase this breakout. I suspect that support at SPY $287 will be challenged in the next two weeks and … Read More

Daily Commentary: September 4, 2018

Terrie Amengual1Option Commentary

Market Breakout – Let’s Take Profits Into Strength – Here Is Why Posted by Pete Stolcers on September 4 www.oneoption.com Posted 9:30 AM ET – Last week the S&P 500 made a new all-time high. The volume was decent ahead of a major holiday and Asset Managers don’t want to miss a year-end rally. We are finally out of the … Read More

Daily Commentary: August 24, 2018

Terrie Amengual1Option Commentary

Get Long and Wait For the Breakout – Buyers Will Return After Labor Day Posted by Pete Stolcers on August 24 www.oneoption.com Posted 9:30 AM ET Aug 24th – ***Note: There will be no market comments posted from August 27 through August 31.***   The summer doldrums will continue through Labor Day. We are in a news vacuum and the market … Read More

Daily Commentary: August 23, 2018

Terrie Amengual1Option Commentary

Market Is Flirting With the All-time High – Mexico Close To Trade Deal Posted by Pete Stolcers on August 23 www.oneoption.com Posted 9:30 AM ET – The S&P 500 has been flirting with the all-time high this week. The news is light and we need a catalyst to push us through. Rumors of a trade deal won’t do it – … Read More

Daily Commentary: August 22, 2018

Terrie Amengual1Option Commentary

Market Wants To Run But It Needs A Trade Deal – No Follow Thru Without One Posted by Pete Stolcers on August 22 www.oneoption.com Posted 9:30 AM ET – Yesterday the S&P 500 made a new all-time high. The market lacked a catalyst. When the buying dried up profit-taking set in. Many analysts are blaming the Cohen/Manafort verdicts, but I … Read More

Daily Commentary: August 21, 2018

Terrie Amengual1Option Commentary

A Sign That Tech Stocks Are Ready To Bounce – Market Still Compressing Posted by Pete Stolcers on August 21 www.oneoption.com Posted 9:30 AM ET – The market is treading water near the all-time high and we are in a news vacuum. Traders are taking time off so the volume is light. This compression will continue through Labor Day. A … Read More