Daily Commentary: May 17, 2019

Scott Green1Option Commentary

No China Trade Deal Until 2020 Election – Here’s Why Posted by Pete Stolcers on May 17 www.1option.com The market fell hard Monday and it spent the rest of the week trying to recover. Yesterday we filled the gap from Monday, but buyers threw in the towel late in the day. Harsh overnight rhetoric from communist controlled Chinese media has … Read More

Daily Commentary: May 16, 2019

Scott Green1Option Commentary

Market Rally Has Stalled – Range Likely This Summer Posted by Pete Stolcers on May 16 www.1option.com The market has been very resilient and the bid is strong. Yesterday we had a negative round of news and stocks weathered the storm. The S&P 500 was down 20 points on the open Wednesday and the low was established immediately. We did … Read More

Daily Commentary: May 15, 2019

Scott Green1Option Commentary

Market Selling Will Resume Today After Dead Cat Bounce Posted by Pete Stolcers on May 15 www.1option.com Yesterday the market tried to recover some of the hefty losses from Monday. The market gapped higher and the bid was steady for most of the day. Sellers surfaced late in the day and stocks closed on a whimper. This morning the S&P … Read More

Daily Commentary: May 13, 2019

Scott Green1Option Commentary

Nasty Market Decline Ahead – Watch These Support Levels Posted by Pete Stolcers on May 13 www.1option.com Last week the market drifted lower on US/China trade tensions. China reneged on prior terms and Trump imposed new tariffs. Vice Premier Liu shortened his trade meetings and the tone is starting to sour. Analysts were expecting a trade deal last week and … Read More

Daily Commentary: May 10, 2019

Scott Green1Option Commentary

New Tariffs Imposed – Here’s How the Market Will React Posted by Pete Stolcers on May 9 www.1option.com Yesterday the market dropped below horizontal support at SPY $285 at the start of trading. US/China trade concerns sparked selling. Support was established during the first two hours and the market bounced off of those lows. That support level will be tested … Read More

Daily Commentary: May 9, 2019

Scott Green1Option Commentary

China Trade Deal Looks Less Likely – Can Liu Save the Day? Posted by Pete Stolcers on May 9 www.1option.com  Yesterday the market treaded water after a nasty decline Tuesday. US/China trade negotiations are all that matter during the next 48 hours. This is a binary event and it will determine market direction. According to sources, China requested 150 pages … Read More

Daily Commentary: May 7, 2019

Scott Green1Option Commentary

Market Rally Hinges On China Deal – We Could Hit An Air-Pocket Today Posted by Pete Stolcers on May 7 www.1option.com   Yesterday the S&P 500 dropped 50 points on the open. Trump tweeted that new tariffs would be placed on Chinese goods this Friday and the tone has soured. The initial news suggested that Trump was not happy with … Read More

Daily Commentary: May 6, 2019

Scott Green1Option Commentary

China Deal Still Likely But Sell Programs Could Trigger Today Posted by Pete Stolcers on May 6 www.1option.com Last week the market rallied to an all-time high. Earnings have been good enough to keep the market inching higher, but not good enough to spark major buying. Domestic economic releases have been strong, but ISM manufacturing and ISM services missed expectations. … Read More

Daily Commentary: May 3, 2019

Scott Green1Option Commentary

Market Rallies After Big Jobs Report – Watch ISM Services Posted by Pete Stolcers on May 3 www.1option.com Yesterday the market saw some follow-through profit-taking after the FOMC statement on Wednesday. Support at SPY $291 held and stocks are up before the open. This soft patch has run its course and the market should continue to grind higher. The Fed … Read More

Daily Commentary: May 2, 2019

Scott Green1Option Commentary

Market Dip Will Be Brief – Bullish Speculators Were Flushed Out Posted by Pete Stolcers on May 2 www.1option.com Yesterday the market tried to push higher and the FOMC statement sparked selling late in the day. Fed officials remained dovish and they are in “pause” mode. Some analysts were looking for signs of a future rate cut. The S&P 500 … Read More