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

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

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

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

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

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

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

Market Gaps Higher – Be Careful – Only Buy If This Happens Posted by Pete Stolcers on September 13 www.oneoption.com   Posted 9:30 AM ET – The market broke out to a new all-time high before Labor Day and it has successfully tested that support level in the last two weeks. Prices are firming up and buyers are nibbling. If the … Read More

Market Breakout Has Been Tested and Confirmed – Now We Need Good News Posted by Pete Stolcers on September 12 www.oneoption.com   Posted 9:00 AM ET – The S&P 500 is compressing above the breakout from two weeks ago. It has been tested three times in the last week and support is holding. This is a bullish sign and the NASDAQ … Read More

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