Daily Commentary: April 18, 2018

Scott Green1Option Commentary

Stay Long – Focus Is On Profits – Use This SPY Level As Your Stop POSTED BY PETE STOLCERS ON APRIL 18 www.oneoption.com Yesterday the market gapped above its 50-Day MA and the SPY pushed through the 100-day moving average. Buyers are focused on earnings and political headlines have subsided temporarily. We’ve seen very heavy selling the last two months … Read More

Daily Commentary: April 17, 2018

Scott Green1Option Commentary

Market Will Focus On Profits – Political Noise Will Subside Through April – Stay Long and Use Stops POSTED BY PETE STOLCERS ON APRIL 17 www.oneoption.com Yesterday the market gapped higher and it was able to hold the gains. Many of these moves have been faded recently and nasty reversals have resulted. I viewed the price action Monday as constructive. … Read More

Daily Commentary: April 16, 2018

Scott Green1Option Commentary

Appetite For Stocks Is Low – Earnings Not Producing the Expected Bounce POSTED BY PETE STOLCERS ON APRIL 16 www.oneoption.com  The market is compressing above the 200-day moving average and earnings season is helping it tread water. Buyers are not rushing in as they typically do ahead of the announcement cycle. Political news is driving the day-to-day action. Friday stocks … Read More

Daily Commentary: April 13, 2018

Scott Green1Option Commentary

Big Banks Post Great Profits – Earnings Bounce Is Starting – Ride These ETFs POSTED BY PETE STOLCERS ON APRIL 13 www.oneoption.com The market has been able to find support above the 200-day moving average. Earnings season has started and profits will calm nerves. Banks posted solid results and the S&P 500 is up 15 points before the open. Chase, … Read More

Daily Commentary: April 12, 2018

Scott Green1Option Commentary

Profit Growth of 18% Will Attract Buyers – Buy These 2 ETFs POSTED BY PETE STOLCERS ON APRIL 12 www.oneoption.com The market is compressing above the 200-day moving average and it has been able to shoulder negative news. The US and China were exchanging tariff threats a week ago and support held. News of Syrian airstrikes did not rattle investors … Read More

Daily Commentary: April 11, 2018

Scott Green1Option Commentary

Air Strikes In Syria Not A Concern – Market Will Recover Quickly Today POSTED BY PETE STOLCERS ON APRIL 11 www.oneoption.com Yesterday stocks rallied, but the action was very tenuous. Without question there are buyers and sellers. On every rip we would see a quick retreat and on every dip we would see support. The futures are down overnight on … Read More

Daily Commentary: April 10, 2018

Scott Green1Option Commentary

Earnings Rally Will Last 3 Weeks – China Backs Down POSTED BY PETE STOLCERS ON APRIL 10 www.oneoption.com Yesterday the market bounced and it had a nice head of steam by mid-day. White House comments over the weekend soothed trade war concerns and stocks rallied ahead of earnings season. Those gains vaporized when we learned that the FBI raided the … Read More

Daily Commentary: April 9, 2018

Scott Green1Option Commentary

A Tweet-Free Week Would Spark A Rally – Profits Will Calm Nerves POSTED BY PETE STOLCERS ON APRIL 9 www.oneoption.com A possible trade war between China and the United States is weighing on the market. Tensions eased over the weekend and we are seeing a 13 point bounce in the S&P 500 before the open. I would not trust this … Read More

Daily Commentary: April 4, 2018

Scott Green1Option Commentary

China Tariffs – Full List Now Known – Stay In Cash and Wait For A Deal POSTED BY PETE STOLCERS ON APRIL 4 www.oneoption.com The market doesn’t like the thought of a trade war between the two largest economies in the world. China’s full list of tariffs was released last night and the S&P 500 is down 40 points before … Read More

Daily Commentary: April 3, 2018

Scott Green1Option Commentary

Stay In Cash – Market Bounce Coming But We Need To Be Sure POSTED BY PETE STOLCERS ON APRIL 3 www.oneoption.com We have seen heavy selling for the first time in years. Yesterday the S&P 500 barely had an uptick for the first five hours trading. The futures were down 80 points and the 200-day moving average was breached with … Read More