Daily Commentary: May 22, 2018

Scott Green1Option Commentary

Here’s Why the North Korean Summit Will Determine Market Direction Posted by Pete Stolcers on May 22 www.oneoption.com Yesterday the market surged higher after the US and China jointly announced a trade negotiation truce. Both sides stated that progress is being made and they need time to lay the framework. A possible trade war between the world’s largest economies is … Read More

Daily Commentary: May 21, 2018

Scott Green1Option Commentary

Trade Truce Between US and China – Buy Calls If This Condition Is Met Today Posted by Pete Stolcers on May 21 www.oneoption.com Over the weekend we learned that trade negotiations between China and the US are progressing. Tariffs have been postponed while the framework of a trade deal is being drafted. The US has a verbal commitment from China … Read More

Daily Commentary: May 18, 2018

Scott Green1Option Commentary

Trade Negotiations Will Take Time – Market Will Be Stuck – Cash Is King Posted by Pete Stolcers on May 18 www.oneoption.com The market is consolidating above the 100-day moving average while it waits for pending news. Trade negotiations are in focus and the process is ongoing. Trade talks could last through the summer. The longer they take, the greater … Read More

Daily Commentary: May 17, 2018

Scott Green1Option Commentary

Stay In Cash Until We Get A News Driven Breakout – Market Compression Posted by Pete Stolcers on May 17 www.oneoption.com This week the S&P 500 tested the 100-day moving average and that support level held. I view this as bullish since there were a number of negative news releases that could have sparked selling. Trade negotiations are ongoing and … Read More

Daily Commentary: May 16, 2018

Scott Green1Option Commentary

Here’s Why You Should Stay In Cash the Next Two Weeks Posted by Pete Stolcers on May 16 www.oneoption.com Yesterday the S&P 500 challenged the 100-day moving average right out of the gate. It looked like we could be in for a nasty drop. Support was tested throughout the day and buyers were willing to nibble when that level held. … Read More

Daily Commentary: May 14, 2018

Scott Green1Option Commentary

Market Rally Is Fragile – This Is the Only News That Matters – Use Stops Posted by Pete Stolcers on May 14 www.oneoption.com Two weeks ago the S&P 500 bounced off of the 200-day moving average and the momentum from that reversal pushed the index through the 100-day moving average last week. The political winds have temporarily subsided, but conditions … Read More

Daily Commentary: May 11, 2018

Terrie Amengual1Option Commentary

Ride the QQQ Calls and Use This Intraday Stop To Lock In Profits Posted by Pete Stolcers on May 11 www.oneoption.com The political events that have been weighing on the market are being resolved. The S&P 500 closed above its 100-day MA and that is bullish. Technical support will solidify if it is able to stay above that level for … Read More

Daily Commentary: May 10, 2018

Scott Green1Option Commentary

Market Breaking Out – Use This Key SPY Level As Your Guide Today POSTED BY PETE STOLCERS ON MAY 10 www.oneoption.com Yesterday the market rally was fueled by the energy sector. Tech stocks finished strong as well and the QQQ blew through horizontal resistance at $166.50. Today the S&P 500 will challenge the 100-day moving average. As long as there … Read More

Daily Commentary: May 9, 2018

Scott Green1Option Commentary

Market Wants To Move Higher – Watch This Level On the QQQ – Use Stops POSTED BY PETE STOLCERS ON MAY 9 www.oneoption.com  Yesterday the market shouldered a negative news event and stocks are up before the open this morning. The US pulled out of the Iran nuclear agreement and this could have sparked selling. The bullish reaction tells me … Read More

Daily Commentary: May 8, 2018

Scott Green1Option Commentary

Trump Will Pull Out From Iran Nuke Deal – Brief Market Impact POSTED BY PETE STOLCERS ON MAY 8 www.oneoption.com Yesterday the S&P 500 treaded water right in the middle of its range between the 100-day and the 200-day moving averages. The volatility is starting to settle down and some of the threats to this rally are being resolved. This … Read More