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

Daily Commentary: September 25, 2018

Terrie Amengual1Option Commentary

This Is the Greatest Threat To A Year End Rally – It’s Not the Fed Posted by Pete Stolcers on September 25 www.oneoption.com Posted 9:00 AM ET – The market wants to rally, but the headwinds are stiff. Some of the pending issues need to play out. Tomorrow the Fed will hike interest rates and their statement will be scrutinized. … Read More

Daily Commentary: September 24, 2018

Terrie Amengual1Option Commentary

Market Speedbump This Week – Make Sure You Are Using Intraday Stops Posted by Pete Stolcers on September 24 www.oneoption.com Posted 9:30 AM ET – The S&P 500 made a new all-time high last week, but the momentum is poor. Stocks have taken three steps forwards and two steps backwards while issues are resolved. The FOMC will hike rates this … Read More

Daily Commentary: September 21, 2018

Terrie Amengual1Option Commentary

New Market High – Ride the Wave – Lots of Dark Clouds – Use Stops Posted by Pete Stolcers on September 21 www.oneoption.com Posted 9:30 AM ET – The S&P 500 broke a new all-time high yesterday. Quadruple witching fueled the move and anyone who sold out of the money September calls above the prior high was forced to cover. … Read More

Daily Commentary: September 20, 2018

Terrie Amengual1Option Commentary

I Don’t Trust This New Market High – I’m Long and I’m Raising My Stop Posted by Pete Stolcers on September 20 www.oneoption.com Posted 9:30 AM ET – The S&P 500 is going to open at a new all-time high this morning. There isn’t any overnight news to justify the move. Momentum is pushing stocks higher and quadruple witching will … Read More

Daily Commentary: September 19, 2018

Terrie Amengual1Option Commentary

Market Could Benefit From Quadruple Witching – Watch For Breakout Posted by Pete Stolcers on September 19 www.oneoption.com Posted 9:30 AM ET – The market is flirting with a new all-time high, but it needs a catalyst. A neutral FOMC statement next week and/or a Congressional budget approval could do the trick. Canada is trying to pass a trade deal … Read More

Daily Commentary: September 18, 2018

Terrie Amengual1Option Commentary

Market Needs News – Tight Range and Low Volume Will Last Another Week Posted by Pete Stolcers on September 18 www.oneoption.com   Posted 9:30 AM ET – The market wants to go higher but it needs good news. A trade deal with Canada or the EU would suffice. A dovish statement after the Fed raises rates next week would also attract … Read More

Daily Commentary: September 17, 2018

Terrie Amengual1Option Commentary

Market Is Climbing A Wall of Worry – Place An Intraday Stop At This Level Posted by Pete Stolcers on September 17 www.oneoption.com   Posted 9:30 AM ET – The market is climbing a wall of worry. Tariffs are dominating the headlines and trade negotiations are ongoing. As long as the dark clouds don’t produce any lightning, buyers are nibbling. Stay … Read More

Daily Commentary: September 14, 2018

Terrie Amengual1Option Commentary

Buy the SPY Today If This Happens Posted by Pete Stolcers on September 14 www.oneoption.com   Posted 9:30 AM ET – The S&P 500 is within a few points of the all-time high that was established two weeks ago. The breakout has been successfully tested and buyers are nibbling despite dark clouds on the horizon. Buy the SPY if the conditions … Read More