1option - 1option.com - One Option Trading Blog
General Information:
Latest News:
Market Will Grind Higher This Week. End of Month Buying and A Major Holiday Will Help 27 Aug 2013 | 01:24 am
Profit taking pushed the market below support at SPY $167 and bullish speculators bailed out of positions. The market found support above the 100 day moving average ($163) and the bid has returned. En...
Bullish Econ News Will Attract Buyers - Market Will Grind Higher Next Week On Light Vol 24 Aug 2013 | 01:06 am
The price action was a little choppy this week and some of the nervousness has been worked off. Profit taking lead to selling by bullish speculators and the market breached support at SPY $167. The FO...
Global Flash PMIs Strong. This News Will Attract Buyers and the Bid Will Strengthen. Buy Some Calls 23 Aug 2013 | 01:55 am
This week, the market probed for support. We have been in a news vacuum and dismal retail earnings releases weighed on the market. The FOMC minutes did not provide much clarity and stocks sold off yes...
Market Still Has Some Work To Do On the Downside. Retail Earnings Should Mimize the Damage Today 20 Aug 2013 | 11:46 pm
I will not be publishing market comments on Wednesday. Yesterday, the market tried to rally early in the day and it ran out of steam. Profit takers reduced risk and Asset Managers pulled bids. This is...
Market Will Search For Support - SPY $163 Should Hold. Flash PMIs Thurs Should Attract Buyers 20 Aug 2013 | 01:34 am
Now that technical support at SPY $167 has been breached, the market will probe for support. That was a key level since it represents the breakout to new highs in July. Traders that bought that breako...
Failed Breakout - Still Some Downside Next Week. SPY $165.75 Should Hold Today 16 Aug 2013 | 11:16 pm
Today's comments were published before the open. Yesterday, the market broke horizontal support at SPY $167. That is significant because it represents the breakout in July. Traders that bought that br...
CSCO and WMT Spark Profit Taking. Retailers Will Weigh On the Market. Use SPY $167 As Your Guide 15 Aug 2013 | 11:46 pm
Today's comments were posted on the open. This week the market rally ran out of steam. There aren't any catalysts to attract buyers and Asset Managers won't chase stocks at an all-time high. Trading v...
Summer Doldrums. Look For Choppy Trading With A Slight Upward Bias. 15 Aug 2013 | 12:35 am
The market has been flat the last few days and we are settling in to the summer doldrums. Trading volumes are light and we can expect choppy price action with a slight upward bias. Europe posted bette...
Calendar Is Light - Econ Numbers Were Good - Buyers Will Stay Engaged. Use SPY $167 As Your Guide 9 Aug 2013 | 11:35 pm
After a big run we saw a little profit taking this week. Support was established Wednesday and stocks moved higher yesterday. The price action will be very choppy for a couple of weeks and there won't...
Support Has Been Established. Econ News Good. Look For A Gradual Drift Higher On Light Volume 9 Aug 2013 | 01:48 am
Last week, the market surged to new highs. Stocks got a little overextended and we saw a little profit taking early in the week. Asset Managers pulled bids to gauge selling pressure and this morning s...
