The Market Will Rally In July – Possible Trouble In August [Here’s Why] Posted by Pete Stolcers on July 01 www.1option.com This week the market bounced off of the 200-day moving average and support has been confirmed for a second time in the last few weeks. End of month fund buying fueled a nice rally yesterday and the S&P … Read More
Daily Commentary: June 30, 2020
Can Helicopter Drops Of Money Prevent A Coronavirus Credit Crisis? Posted by Pete Stolcers on June 30 www.1option.com Yesterday the S&P 500 rallied above the 200-day moving average and support was confirmed. End-of-quarter fund rebalancing had a negative influence on the market and that influence has run its course. Beginning-of-the-month fund buying and the eve of Q2 earnings season … Read More
Daily Commentary: June 29, 2020
Watch For These Day Trading Patterns – The Market Needs To Test the Bid This Morning Posted by Pete Stolcers on June 29 www.1option.com Last Friday the market gapped lower and the selling pressure was persistent right into the closing bell. The market closed on the low of the day and I believe that some of this decline was … Read More
Daily Commentary: June 25, 2020
The S&P 500 Is Going To Test the 100-day MA [Buy Puts If This Happens] Posted by Pete Stolcers on June 25 www.1option.com This morning the S&P 500 will test the 200-day moving average and this support level was tested three times last week. Typically, bulls don’t want to have a retest so soon and it’s likely that we … Read More
Daily Commentary: June 24, 2020
Market Forecast – Here’s Why You Need To Cut Your Trade Size and Trade Count Posted by Pete Stolcers on June 24 www.1option.com The S&P 500 is trapped in a range and investors are waiting for clarity. The broad market hasn’t moved much in the last few weeks and the news cycle is extremely light – welcome to the … Read More
Daily Commentary: June 23, 2020
No Trade War Threat – Trump Is Running On A Strong Market [Use This Options Strategy] Posted by Pete Stolcers on June 23 www.1option.com The market has successfully confirmed support at the 200-day moving average and is likely to trade in a range while we wait for earnings season. Buyers are typically engaged ahead of the announcements and I … Read More
Daily Commentary: June 22, 2020
Market Support Will Hold – Wait For Dips and Sell Bullish Put Spreads – Keep It Small Posted by Pete Stolcers on June 22 www.1option.com Last Monday the S&P 500 bounced off of the 200-day moving average and we saw follow through when it gapped higher on Tuesday. The market spent the rest of the week filling in that … Read More
Daily Commentary: June 19, 2020
Quadruple Witching – Watch For Call Option Lottery Trades Today [Here’s What We Need] Posted by Pete Stolcers on June 19 www.1option.com This week the market has been able to rebound from a mini-correction that tested the 200-day moving average. Support at SPY $300 has been confirmed. Stocks will try to float higher and we could test SPY $322 … Read More
Daily Commentary: June 18, 2020
Market Support Is Strong – Use This Options Trading Strategy Today Posted by Pete Stolcers on June 18 www.1option.com The S&P 500 has tested the 200-day moving average three times in the last week and it has bounced off of that support level. Asset Managers have a “recovery or bust” mentality and they are relying on central bank money … Read More
Daily Commentary: June 17, 2020
Asset Managers Have A “Recovery or Bust” Mentality – The Market Will Grind Higher Posted by Pete Stolcers on June 17 www.1option.com After testing the 200-day moving average three times in the previous few days, the market gapped higher Tuesday. News that the Fed was buying corporate bonds sparked buying and a $1 trillion infrastructure bill could be signed … Read More