Buy Calls – Market Breakout – Told You To Buy Yesterday Posted by Pete Stolcers on July 18 www.oneoption.com Posted 9:30 AM – Yesterday the S&P 500 probed for support early in the day and it reversed instantly. Buyers scooped stocks and a bullish engulfing pattern resulted. The S&P 500 broke through a critical horizontal resistance level and the price … Read More
Daily Commentary: July 17, 2018
Market Will Breakout In the Next Week – Buy This Dip Posted by Pete Stolcers on July 17 www.oneoption.com Posted 9:30 AM ET – The market is in a holding pattern just below major resistance and earnings will be the catalyst that pushes us through. The rally this year has been very concentrated and mega cap tech stocks have been … Read More
Daily Commentary: July 16, 2018
Trumpnado Hits Europe – Market Does Not Care – Earnings In Focus Posted by Pete Stolcers on July 16 www.oneoption.com Last week the QQQ made a new all-time high and the SPY rallied to major horizontal resistance at $280. Trade war concerns are being ignored ahead of earnings season. Robust profits and the notion that Trump will negotiate trade deals … Read More
Daily Commentary: July 13, 2018
We Are Long Calls – QQQ New All-Time High – Let Them Run Posted by Pete Stolcers on July 13 www.oneoption.com The NASDAQ 100 made a new all-time high yesterday and tech stocks are leading the charge ahead of earnings season. Big banks are announcing this morning and financial stocks could propel the SPY above key resistance at $280. Tariff … Read More
Daily Commentary: July 12, 2018
Buy Calls Today If This Happens – Market Wants To Breakout Posted by Pete Stolcers on July 12 www.oneoption.com Yesterday the market retreated on trade war concerns. Trump outlined the second tranche of taxes and China vowed to retaliate. The damage was relatively contained and that is a sign that buyers are still engaged ahead of Q2 earnings season. The … Read More
Daily Commentary: July 11, 2018
Q2 Earnings Will Trump Trade War Fears…… For Now Posted by Pete Stolcers on July 11 www.oneoption.com Yesterday the NASDAQ 100 and the Russell 2000 tried to breakout to a new all-time high. Resistance held and overnight tariff news has sparked a round of profit-taking. Trade tensions are rising as the world’s largest economies play “chicken”. This threat has been … Read More
Daily Commentary: July 10, 2018
High Probability Trading Ahead – Stay Long – QQQ and IWM Poised To Run Posted by Pete Stolcers on July 10 www.oneoption.com Earnings season is about to kick off and trade war concerns have temporarily subsided. Asset Managers will focus on the here and now and profits will be hard to resist. Under allocated investors will be scrambling to get … Read More
Daily Commentary: July 9, 2018
Fear Of Missing Out Will Push the Market Higher If QQQ Makes A New High Posted by Pete Stolcers on July 9 www.oneoption.com The market wants to rally and trade wars are not currently a concern. Either Asset Managers feel that they will not come to fruition or they are completely focused on earnings season. Regardless, stocks keep moving higher … Read More
Daily Commentary: July 6, 2018
Market Poised To Breakout – Economic Growth and Profits Are the Focus Posted by Pete Stolcers on July 6 www.oneoption.com The market wants to rally. Chinese tariffs were imposed on steel and aluminum today and China retaliated as promised. The FOMC minutes were very hawkish yesterday and the Fed wants to tighten aggressively. The S&P 500 rallied more than … Read More
Daily Commentary: July 5, 2018
China Feeling Pain – Trump Likely To Pause After First Round of Tariffs Posted by Pete Stolcers on July 5 www.oneoption.com The market wants to go higher but tariff threats are creating volatile conditions. In the last hour of trading on Tuesday the market dropped and investors reduced risk ahead of the deadline. The US will impose tariffs on Chinese … Read More