Sell Bullish Put Spreads – Market Bid Is Strong – So Are the Headwinds Posted by Pete Stolcers on September 26 www.1option.com  Yesterday the market reversed after testing the breakout at SPY $294. Based on the opening this morning we will erase the losses for the week. The market is searching for direction and it lacks a “driver”. The overnight … Read More

Impeachment Not An Issue For the Market – But This Is Posted by Pete Stolcers on September 25 www.1option.com Yesterday the market dropped below a minor horizontal support level and it looks poised to fill the gap from two weeks ago. Many analysts claim the impeachment hearings sparked profit-taking, but I disagree. This is simply an effort by Democrats to … Read More

These 2 News Releases Will Keep Buyers Engaged Today Posted by Pete Stolcers on September 24 www.1option.com During the last month and a half of trading with only had a few days where the volume is above average. Last week we saw a small spike due to the FOMC statement and quadruple witching. Those events did not spark movement and … Read More

Excellent Swing Trades Will Set-up If This Happens Posted by Pete Stolcers on September 23 www.1option.com Last week the Fed cut interest rates by a quarter-point. That move was largely expected and traders were watching for future signs of easing. We learned that most Fed officials feel that they are done for the year. The market is pricing in another … Read More

Nothing Scary About This Quad Witch – Favor the Long Side Posted by Pete Stolcers on September 20 www.1option.com All of the bullish and bearish influences I’ve been mentioning the last few weeks are still in place. The market is trading in a tight range while it waits for a driver. This week’s FOMC statement and quadruple witching did not … Read More

Quadruple Witching Could Spark A Short Squeeze Thru the All-time High Posted by Pete Stolcers on September 19 www.1option.com Yesterday the market dipped after the FOMC statement, but it recovered late in the day. The Fed remains flexible and it will monitor conditions. Fed officials in aggregate feel that no additional rate cuts are needed this year. The market is … Read More

Here’s How To Trade the FOMC Statement Wednesday Posted by Pete Stolcers on September 18 www.1option.com Trading volume has been extremely light and everyone is waiting for the FOMC statement today. Only three out of the last 20 days have had above average trading volume. This is a quadruple witch and activity should be brisk the rest of the week. … Read More

Here’s How To Trade the FOMC Statement Wednesday Posted by Pete Stolcers on September 17 www.1option.com From a trading perspective the big news is that 13 out of the last 15 days have seen below average volume. We are constantly in “wait and see mode”. The news comes out, we get a one-day move and then we sit. That’s where … Read More

Oil Outage Won’t Matter – Bigger Issue Ahead This Week Posted by Pete Stolcers on September 16 www.1option.com Last week the market tested the all-time high and it was not able to breakthrough. The prospect of face-to-face trade negotiations with China and easing by the ECB sparked buying. The Fed is expected to lower rates by .25% Wednesday and the … Read More

Watch This Key Level – Buy If the Market Is Above It Posted by Pete Stolcers on September 11 www.1option.com Yesterday the market tested the breakout at SPY $297 and it held. A rally in the last few minutes pared most of the losses and the open looks positive. China will postpone tariffs on 16 US goods and dovish expectations … Read More