Daily Commentary: November 17, 2017

Scott Green1Option Commentary

Buy Calls – We Never Got the Dip – Breakout Coming POSTED BY PETE STOLCERS ON NOVEMBER 17 Posted – 9:30 AM ET – The market had a very strong day Thursday and we are in striking distance of the all-time high. The House passed the tax bill and that sparked buying. Option expiration goosed the market once the momentum … Read More

Daily Commentary: November 16, 2017

Scott Green1Option Commentary

Feel Good Rally Won’t Last – Be Patient and Wait For A Nice Dip POSTED BY PETE STOLCERS ON NOVEMBER 16 Posted 9:30 AM ET – Yesterday stocks took an early tumble and they quickly recovered. As the day progressed the bid weakened and the market closed on a whimper. This was one of the first times in months that … Read More

Daily Commentary: November 15, 2017

Scott Green1Option Commentary

We Want A 5% Market Decline – Profit Taking Should Last A Week POSTED BY PETE STOLCERS ON NOVEMBER 15 Posted 9:30 AM ET – We are in cash and we are waiting for this round of profit taking to run its course. Over a week ago we took profits on long positions and we went to the sidelines. All … Read More

Daily Commentary: November 14, 2017

Scott Green1Option Commentary

Bullish Speculators Getting Flushed Out – Watch These Support Levels POSTED BY PETE STOLCERS ON NOVEMBER 14 Posted 9:50 AM ET – The market is struggling to tread water. Earnings season is winding down and strong results were not strong enough to fuel a breakout. Economic conditions are solid, but they need to be with an upcoming rate hike. Investors … Read More

Daily Commentary: November 13, 2017

Scott Green1Option Commentary

Watch For Soft Market Conditions This Week – Cash Is King POSTED BY PETE STOLCERS ON NOVEMBER 13      Posted 9:00 AM ET – The market has been struggling to breakout and tax cuts are the only possible catalyst into year-end. Excellent earnings and solid economic releases have not sparked buying. Bullish sentiment has been running high and we are … Read More

Daily Commentary: November 10, 2017

Scott Green1Option Commentary

Tax Cuts Getting Watered Down – Market Does Not Like It POSTED BY PETE STOLCERS ON NOVEMBER 10      Posted 9:30 AM ET – When bullish influences converge and the market fails to rally there is a problem. Earnings have been strong, economic releases have been solid and seasonal strength is at its best level of the year. The market … Read More

Daily Commentary: November 9, 2017

Scott Green1Option Commentary

If You Followed My Advice You Took Profits – Cash Is King POSTED BY PETE STOLCERS ON NOVEMBER 9      Posted 9:30 AM ET – The market has been trapped in a tight range during a seasonally bullish period and that is a warning sign. All of the good news you could possibly ask for last week was not enough … Read More

Daily Commentary: November 8, 2017

Scott Green1Option Commentary

Start Taking Profits On Calls Today – Market Did Not Rally On Good News POSTED BY PETE STOLCERS ON NOVEMBER 8      Posted 9:45 AM ET – The breakout and the follow-through we needed are not materializing. This is the most bullish seasonal period of the year and good news has not sparked a rally. Without tax cut approval the … Read More

Daily Commentary: November 7, 2017

Scott Green1Option Commentary

SPY $260 Or Bust – My Calls Are On A Tight Leash – Raise Stops POSTED BY PETE STOLCERS ON NOVEMBER 7      Posted 10:00 AM ET – The market has all of the ammunition it needs to move higher. We are headed for a “news vacuum” and there aren’t any catalysts. The path of least resistance points upward, but … Read More

Daily Commentary: November 6, 2017

Scott Green1Option Commentary

SPY $260 Or Bust – Market Needs To Rally Above This Level Now POSTED BY PETE STOLCERS ON NOVEMBER 6      Posted 9:30 AM ET – Last Friday the market poked through the all-time high. Economic numbers were good, earnings were solid, the FOMC statement was balanced and Republicans released their tax cut plan. This is the most bullish seasonal … Read More