Daily Commentary: April 22, 2020

Darwin Saraza1Option Commentary

Small Business Stimulus Needed – Market Momentum Is Stalling – My Bias Is Changing Posted by Pete Stolcers on April 22 www.1option.com   Yesterday the market saw heavy selling pressure and the gains from the last two weeks have been erased. The upward momentum that we have seen during the last month is stalling and investors are waiting to see … Read More

Daily Commentary: April 21, 2020

Darwin Saraza1Option Commentary

Market Will Decline Soon – Oil Is An Example of What’s To Come Posted by Pete Stolcers on April 21 www.1option.com   In the last two weeks the market has been in a fairly tight trading range. The tiny bodied candles are a sign that the rally is running out of steam. Oil prices have dropped to historic lows and … Read More

Daily Commentary: April 20, 2020

Darwin Saraza1Option Commentary

Market Bid Will Start To Weaken After Mega Cap Tech Earnings Posted by Pete Stolcers on April 20 www.1option.com Last week the S&P 500 rallied to my first target at the 100-week moving average and we took profits on our SPY position. A strong rally in the last 15 minutes of trading fueled much of the move and the S&P … Read More

Daily Commentary: April 17, 2020

Darwin Saraza1Option Commentary

Take SPY Profits This Morning – Good News Is Priced In and Road Ahead IS Bumpy Posted by Pete Stolcers on April 17 www.1option.com This morning the S&P 500 is up 75 points and our first target will be reached at the 100-week moving average. President Trump plans to reopen the country in stages and he outlined his plan. There … Read More

Daily Commentary: February 20, 2020

Regal Helpdesk1Option Commentary

This Powerful Force Is Keeping Buyers Engaged – Market Will Tread Water the Rest of the Month Posted by Pete Stolcers on February 20 www.1option.com Yesterday the market gapped higher and it was able to hold most of the gains. The market bid is still strong and Asset Managers are ignoring the potential impact of the Coronavirus. Loose central bank … Read More

Daily Commentary: September 23, 2019

Scott Green1Option Commentary

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

Daily Commentary: September 20, 2019

Scott Green1Option Commentary

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

Daily Commentary: September 19, 2019

Scott Green1Option Commentary

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

Daily Commentary: September 18, 2019

Scott Green1Option Commentary

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

Daily Commentary: September 17, 2019

Scott Green1Option Commentary

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