Daily Commentary: November 3, 2017

Regal Helpdesk1Option Commentary

Tax Deal Likely – Any Progress Will Fuel a Market Breakout POSTED BY PETE STOLCERS ON NOVEMBER 3  Posted 11:00 AM ET – Yesterday the market opened with a bang and then retreated. Of the last nine opening rallies eight have failed. This is not the bullish price action I have been looking for during the strongest two week period … Read More

Daily Commentary: November 2, 2017

Regal Helpdesk1Option Commentary

Window For A Market Rally Is Closing – Reduce Risk Friday POSTED BY PETE STOLCERS ON NOVEMBER 2 Posted 10:00 AM ET – The theme this week has been “now or never”. Stocks have all of the good news they need to move higher and the rally needs to happen this week. If we do not get a breakout the … Read More

Daily Commentary: November 1, 2017

Scott Green1Option Commentary

Market Breakout Is Happening – Ride Your Calls! POSTED BY PETE STOLCERS ON NOVEMBER 1      Posted 9:00 AM ET – This is where the rubber meets the road. Yesterday I mentioned that the market needs to breakout now or it will compress in a tight trading range the rest of the year. Strong earnings, good economic news and a … Read More

DAILY COMMENTARY: OCTOBER 31, 2017

Scott Green1Option Commentary

Market Breakout – Now or Never – This Week Will Set the Year-End Tone POSTED BY PETE STOLCERS ON OCTOBER 31   Posted 9:40 AM ET – If the market is going to breakout it needs to do so this week. The calendar is full and a catalyst needs to emerge. Strong earnings/guidance, a dovish FOMC statement or solid economic … Read More

DAILY COMMENTARY: OCTOBER 30, 2017

Scott Green1Option Commentary

This Market Rally Will Last Another Week – Then We Need Tax Cuts POSTED BY PETE STOLCERS ON OCTOBER 30      Posted 9:30 AM ET – Last week the market struggled to tread water during a heavy dose of earnings releases. Tech stocks were particularly weak and that changed Friday. Google, Microsoft, Intel and Amazon all rallied after posting good … Read More

DAILY COMMENTARY: OCTOBER 27, 2017

Scott Green1Option Commentary

We Needed This Rally – A Steady Grind Will Lead To A New High POSTED BY PETE STOLCERS ON OCTOBER 27   Posted 9:30 AM ET – The market has been very sluggish and earnings season has not excited investors so far. We needed good results from mega cap tech stocks and we got it. The market is going to … Read More

DAILY COMMENTARY: OCTOBER 26, 2017

Scott Green1Option Commentary

Massive Earnings News Today – A Muted Reaction Would Signal A Top POSTED BY PETE STOLCERS ON OCTOBER 26      Posted 9:40 AM ET – Monday the market reversed off of an all-time high. That was a bearish pattern and we have seen profit-taking since then. Typically mega cap tech earnings attract buyers and this drop is unusual. We will … Read More

DAILY COMMENTARY: OCTOBER 25, 2017

Scott Green1Option Commentary

Market At An Important Juncture – Watch For Tech Reaction Friday POSTED BY PETE STOLCERS ON OCTOBER 25      Posted 9:30 AM ET – Monday the market gapped to a new all-time high and it reversed forming a bearish engulfing pattern. If not for seasonal strength and earnings season, I would short the market. That pattern will take a few … Read More

Daily Commentary: October 24, 2017

Regal Helpdesk1Option Commentary

Market Needs To Grind Higher Today Or Risk Rolling Over POSTED BY PETE STOLCERS ON OCTOBER 24 Posted 9:30 AM ET – Yesterday we saw a buyers boycott on a quiet news day. Once the momentum was established buyers pulled bids so that they can gauge the selling pressure. The volume remained light (low level of profit taking) and the … Read More

Daily Commentary: October 23, 2017

Regal Helpdesk1Option Commentary

Solid Earnings Will Fuel the Rally This Week – Stay Long POSTED BY PETE STOLCERS ON OCTOBER 23 Posted 9:30 AM ET – The market will continue to grind higher this week. Strong earnings will fuel the rally and announcements will be heavy. Amazon, Bidu, Google, Intel and Microsoft will post after the close Thursday. Hang and your calls and … Read More