Daily Commentary: January 22, 2018

Scott Green1Option Commentary

Watch the Budget Vote At Noon Today – Extension Will Fuel A Rally POSTED BY PETE STOLCERS ON JANUARY 22 www.oneoption.com The market is not currently concerned with the government shutdown. If it continues for more than a few days investors will take notice. Republicans are trying to extend it one month and Democrats are flexing their muscles. We could … Read More

Daily Commentary: January 19, 2018

Scott Green1Option Commentary

The Market Is At the Mercy of Politicians – 75% Chance of Budget Extension POSTED BY PETE STOLCERS ON JANUARY 19 www.oneoption.com The market won’t worry about the budget… until it has to worry about the budget. Stocks have enjoyed a good week and investors have given politicians the benefit of the doubt. Yesterday the House agreed to extend the … Read More

Daily Commentary: January 18, 2018

Scott Green1Option Commentary

Market Pricing In Budget Extension – Ride Your Calls and Raise Stops POSTED BY PETE STOLCERS ON JANUARY 18 www.oneoption.com Posted 9:30 AM ET – The market staged an impressive rally to a new all-time high yesterday. The price action was very steady indicating a strong appetite for stocks. The threat of a possible government shutdown is being discounted and … Read More

Daily Commentary: January 17, 2018

Scott Green1Option Commentary

Choppy Trading Until Budget Extension – Then Next Leg Higher POSTED BY PETE STOLCERS ON JANUARY 17 www.oneoption.com Posted 9:30 AM ET – Gaps up to a new all-time high are dangerous especially after a big run. The market has been on a tear and it got ahead of itself yesterday. Profit-taking set in and the gains gradually disappeared. Asset … Read More

Daily Commentary: January 16, 2018

Scott Green1Option Commentary

Market Has A Full Head Of Steam – Ride Your Calls and Raise Stops POSTED BY PETE STOLCERS ON JANUARY 16 www.oneoption.com There wasn’t any news over the weekend to deter investors. Even the threat of a government shutdown this Friday has not dampening spirits. With the exception of one day this year the market has opened higher and closed … Read More

Daily Commentary: January 12, 2018

Scott Green1Option Commentary

Dip This Week Lasted 1 Hour – Bid Is Strong and No Speed Bumps POSTED BY PETE STOLCERS ON JANUARY 12 www.oneoption.com Posted 9:30 AM ET – The market dipped early Wednesday and it spent the rest of the day recovering. Stocks gapped higher yesterday and the S&P 500 made a new all-time high. That pullback on Wednesday only lasted … Read More

Daily Commentary: January 11, 2018

Scott Green1Option Commentary

Dip Was Shallow – Market Will Consolidate Gains For A Few Days – Stay Long POSTED BY PETE STOLCERS ON JANUARY 11 www.oneoption.com Posted 9:30 AM ET – Yesterday the market pulled back after a huge week. The bid is still strong and stocks rebounded. This price action suggests that we need to consolidate gains at this level. I expect … Read More

Daily Commentary: January 10, 2018

Scott Green1Option Commentary

Respect the Stop and Try To Stay Long – This Dip Should Be Shallow POSTED BY PETE STOLCERS ON JANUARY 10 www.oneoption.com Posted 9:40 AM ET – The market has been on a tear since the beginning of the year. The S&P 500 rallied more than 60 points and we are giving some of that back this morning. It’s unusual … Read More

Daily Commentary: January 9, 2018

Scott Green1Option Commentary

Strong Market Tailwind – Keep Raising Stops – Take Profits Is We Stall POSTED BY PETE STOLCERS ON JANUARY 9 www.oneoption.com Posted 9:30 AM ET – The market staged a powerful breakout last week and the momentum continues. This rally has been marked by overnight strength and tight intraday ranges. Earnings season will begin this week and the bid should … Read More

Daily Commentary: January 8, 2018

Scott Green1Option Commentary

Market Is Strong – Stay Long Until We Get Close To the Debt Ceiling POSTED BY PETE STOLCERS ON JANUARY 8 www.oneoption.com Posted 9:30 AM ET – Last week the market started 2018 with a bang. The S&P 500 broke out and it rallied almost 60 points during the week. Strong follow-through and good volume suggests that we are going … Read More