Daily Commentary: February 13, 2018

Scott Green1Option Commentary

Market Testing the 100-Day MA – It Will Hold and the Next Leg Higher Will Start POSTED BY PETE STOLCERS ON FEBRUARY 13 www.oneoption.com Friday the S&P 500 tested the 200-day moving average and buyers stepped in. A sharp reversal marked the capitulation low and stocks closed on their high of the day. Yesterday we saw follow-through buying and the … Read More

Daily Commentary: February 12, 2018

Scott Green1Option Commentary

Get Ready For A Big Rally This Week – Watch the Video POSTED BY PETE STOLCERS ON FEBRUARY 12 www.oneoption.com  PLEASE CLICK HERE TO WATCH THE VIDEO THAT I POSTED SATURDAY I’m going to keep today’s comments short and sweet. If you followed my comments last week and you watched the video, you know how I feel. Get ready to … Read More

Daily Commentary: February 9, 2018

Scott Green1Option Commentary

2nd Mouse Gets the Cheese – Market Needs To Establish Support POSTED BY PETE STOLCERS ON FEBRUARY 9 www.oneoption.com The market is still probing for support. This bottoming process is going to take time and it will present an excellent buying opportunity. I was stopped out of my long position and I am waiting to reenter. The macro backdrop is … Read More

Daily Commentary: February 8, 2018

Scott Green1Option Commentary

Now You Have A Full Call Position – Get Ready For the Market Bounce POSTED BY PETE STOLCERS ON FEBRUARY 8 www.oneoption.com The market is starting to find its footing. It tried to bounce yesterday and late day selling pushed it into negative territory. We can expect a few aftershocks, but a series of higher lows will attract buyers. Stay … Read More

Daily Commentary: February 7, 2018

Scott Green1Option Commentary

You Bought Call Options – Great Entry – Add If This Price Point Is Reached POSTED BY PETE STOLCERS ON FEBRUARY 7 www.oneoption.com The long-awaited 10% correction finally happened. Stocks were technically over-extended and bullish sentiment needed to be tamed. Program trading accelerated the drop and it will facilitate the snapback rally we are going to see. This is an … Read More

Daily Commentary: February 6, 2018

Scott Green1Option Commentary

Buy the S&P 500 In 3 Phases – Scale In At These 3 Levels POSTED BY PETE STOLCERS ON FEBRUARY 6 www.oneoption.com The market has seen heavy selling the last three days and all of the gains in January have vaporized. We were long overdue for a 10% correction, but there is usually some forewarning. The price action had a … Read More

Daily Commentary: February 5, 2018

Scott Green1Option Commentary

Buy Calls If This Happens Today – Market Poised To Bounce POSTED BY PETE STOLCERS ON FEBRUARY 5 www.oneoption.com I posted extensive market comments Sunday. Please make sure to read them. The last two days we’ve seen heavy selling. Bullish speculators are getting flushed out and Asset Managers have pulled bids. They will not buy until support is established. The … Read More

Daily Commentary: February 2, 2018

Scott Green1Option Commentary

Bullish Speculators Getting Flushed Out – Good Buy Will Set Up Next Week POSTED BY PETE STOLCERS ON FEBRUARY 2 www.oneoption.com The market has been nervous this week and rising global interest rates are to blame. Choppy trading is a sign of profit-taking and we can expect soft conditions for another week. Keep your powder dry and be ready to … Read More

Daily Commentary: February 1, 2018

Scott Green1Option Commentary

Swing Traders Stay In Cash – Air-Pocket Possible – Prepare To Buy This Dip POSTED BY PETE STOLCERS ON FEBRUARY 1 www.oneoption.com Global interest rates are rising and investors were bracing themselves for a hawkish statement from the FOMC yesterday. The comments were fairly neutral and analysts are expecting three rate hikes this year. Economic growth has been strong and … Read More

Daily Commentary: January 31, 2018

Scott Green1Option Commentary

Don’t Trust the Bounce This AM – FOMC Likely To Be Hawkish – Be Patient POSTED BY PETE STOLCERS ON JANUARY 31 www.oneoption.com Yesterday the market took a breather and stocks finished on the low of the day. Interest rate jitters sparked profit-taking ahead of the FOMC statement today. I believe that the Fed will be relatively hawkish. Stocks will … Read More