Trade War Fear Is Keeping A Lid On the Market – Good News Ahead Posted by Pete Stolcers on July 2 www.oneoption.com The S&P 500 is trapped in a 40 point range and the pressure is building. Support is at SPY $270 and resistance is at $274. A major holiday will bisect the trading week and major economic releases will … Read More
Daily Commentary: June 29, 2018
Major Economic Releases and Earnings Season Will Attract Buyers Posted by Pete Stolcers on June 29 www.oneoption.com This week the market sold off on trade war tensions. The rhetoric is heated between the US and its trading partners. Stocks dropped on the news and the S&P 500 challenged key support at the 100-day moving average. Buyers stepped in and support … Read More
Daily Commentary: June 28, 2018
DAILY OPTION TRADING COMMENTARY Posted by Pete Stolcers on June 28 www.oneoption.com Heated rhetoric between Trump and our global trading partners has investors on edge. The S&P 500 breached critical support at the 100-day MA and we are likely to see additional weakness today. China raised the stakes when it said that it would stop buying US treasuries. The S&P … Read More
Daily Commentary: June 27, 2018
Market Not Afraid of A Trade War – Here’s Why – Use This Strategy Posted by Pete Stolcers on June 27 www.oneoption.com The market is discounting the threat/impact of trade wars. Yesterday stocks rebounded after the 100-day moving average was tested on Monday. The rally was tenuous, but buyers are engaged. Major economic releases will be strong next week and … Read More
Daily Commentary: June 26, 2018
Market Focus Will Shift To Econ and Profits In A Week – I’m Ready To Buy Posted by Pete Stolcers on June 26 www.oneoption.com Yesterday the market tanked as the threat of a trade war increased. Relationships between the US and its trading partners have deteriorated. Retaliatory tariffs are being imposed and investors reduced risk. The S&P 500 tested the … Read More
Daily Commentary: June 25, 2018
Trade War Rhetoric and Light News Cycle Weighs On Market – Use This Stop Posted by Pete Stolcers on June 25 www.oneoption.com The market has been able to shoulder heated trade war rhetoric for the last month, but tension with our trading partners is high. Trump said that he would block Chinese takeovers if the domestic company had significant industrial … Read More
Daily Commentary: June 22, 2018
Market Wants To Rally – News Is Light – Stay Long and Use This Stop Posted by Pete Stolcers on June 22 www.oneoption.com Yesterday the market took a breather. The news has been fairly light and the SPY is compressing near the upper end of its range. Tech stocks and small caps are strong on a relative basis. Thursday’s losses … Read More
Daily Commentary: June 21, 2018
Ride These Calls – The Market Is Going To Grind Higher Posted by Pete Stolcers on June 21 www.oneoption.com The narrative has not changed much overnight. The market has been able to shoulder negative news and it wants to grind higher. Tech stocks and small caps are leading the charge. The NASDAQ 100 and Russell 2000 are making new highs. … Read More
Daily Commentary: June 20, 2018
Buy Calls On This Index Now – Market Is Going Higher Posted by Pete Stolcers on June 20 www.oneoption.com Yesterday we saw how resilient the market is. A trade war between China and the US is unfolding and investors are not deterred. After an initial drop, stocks spent the rest of the day recovering. That reversal paved the way for … Read More
Daily Commentary: June 19, 2018
Bulls Will Get Flushed Out – Stay In Cash – We Are Going To Buy This Dip Posted by Pete Stolcers on June 19 www.oneoption.com Trade negotiations between the US and China have broken down. Trump has asked his advisers for an additional $200 billion worth of goods that could be subjected to a 10% tariff. China said that the … Read More
