Buy QQQ Calls If This Condition Is Met Today Posted by Pete Stolcers on June 4 www.oneoption.com The market is breaking through horizontal resistance and tech stocks are leading the way. Possible trade wars and an interest rate hike next week have not dampened spirits. The economic data has been strong and that is fueling the move. Last week the … Read More

Market Caught In Political Crosswind – Sell Your Puts If This Happens Today Posted by Pete Stolcers on May 30 www.oneoption.com Yesterday the market probed for support below the 100-day moving average. Buyers stepped in late in the day and losses were pared. An early rally this morning has the SPY back to the 100-day MA this morning. Dark clouds … Read More

Market Is Walking A Tight Rope – Sell Your Puts If SPY Is Above This Level Posted by Pete Stolcers on May 24 www.oneoption.com Yesterday the market was able to recover from an early drop and it ignored negative news. That rebound was a sign that buyers are still engaged. The political backdrop is still very tenuous and we will … Read More

Buy Puts On the Open – Trade Negotiations Stall and NK Getting Cold Feet Posted by Pete Stolcers on May 23 www.oneoption.com  I have been skeptical of the rally this week. Trade talks between China and the US came to a standstill and both sides declared a temporary truce. North Korea is getting “cold feet” and the tone is starting … Read More

Here’s Why the North Korean Summit Will Determine Market Direction Posted by Pete Stolcers on May 22 www.oneoption.com Yesterday the market surged higher after the US and China jointly announced a trade negotiation truce. Both sides stated that progress is being made and they need time to lay the framework. A possible trade war between the world’s largest economies is … Read More

Trade Truce Between US and China – Buy Calls If This Condition Is Met Today Posted by Pete Stolcers on May 21 www.oneoption.com Over the weekend we learned that trade negotiations between China and the US are progressing. Tariffs have been postponed while the framework of a trade deal is being drafted. The US has a verbal commitment from China … Read More

Trade Negotiations Will Take Time – Market Will Be Stuck – Cash Is King Posted by Pete Stolcers on May 18 www.oneoption.com The market is consolidating above the 100-day moving average while it waits for pending news. Trade negotiations are in focus and the process is ongoing. Trade talks could last through the summer. The longer they take, the greater … Read More

Stay In Cash Until We Get A News Driven Breakout – Market Compression Posted by Pete Stolcers on May 17 www.oneoption.com This week the S&P 500 tested the 100-day moving average and that support level held. I view this as bullish since there were a number of negative news releases that could have sparked selling. Trade negotiations are ongoing and … Read More

Here’s Why You Should Stay In Cash the Next Two Weeks Posted by Pete Stolcers on May 16 www.oneoption.com Yesterday the S&P 500 challenged the 100-day moving average right out of the gate. It looked like we could be in for a nasty drop. Support was tested throughout the day and buyers were willing to nibble when that level held. … Read More

Market Rally Is Fragile – This Is the Only News That Matters – Use Stops Posted by Pete Stolcers on May 14 www.oneoption.com Two weeks ago the S&P 500 bounced off of the 200-day moving average and the momentum from that reversal pushed the index through the 100-day moving average last week. The political winds have temporarily subsided, but conditions … Read More