Daily Commentary: March 16, 2018

Scott Green1Option Commentary

Market Squall Ending – Buyers Are Lining Up – Next Leg Higher Starts Soon POSTED BY PETE STOLCERS ON MARCH 16 www.oneoption.com This week the market spent time backfilling. Stocks were a bit over-extended and profit-taking pushed the SPY down to the 50-day moving average. That support level was tested yesterday and it held. The FOMC statement next Wednesday will … Read More

Daily Commentary: March 15, 2018

Scott Green1Option Commentary

Market Will Run After It Tests This Level – Be Ready To Buy This Dip POSTED BY PETE STOLCERS ON MARCH 15 www.oneoption.com This soft patch should run its course today. I am expecting the 50-day moving average to be tested and the gap from last Friday to be filled. Ideally, the market will pullback early and bounce off of … Read More

Daily Commentary: March 14, 2018

Scott Green1Option Commentary

Market Will Drop Early Today – Selling Will End Soon – Stay Long POSTED BY PETE STOLCERS ON MARCH 14 www.oneoption.com Yesterday the market gaped up and it made a new relative high on the open. These moves have been dangerous for bulls and most of them reverse. Once the downward momentum is established, buyers pull bids and bullish speculators … Read More

Daily Commentary: March 13, 2018

Scott Green1Option Commentary

Stay Long and Ride Your Profits – Use This Level On the SPY As A Stop POSTED BY PETE STOLCERS ON MARCH 13 www.oneoption.com Yesterday the market took a breather after a huge run on Friday. Light profit-taking did not take root and buyers surfaced towards the end of the day. The S&P 500 is up 10 points in early … Read More

Daily Commentary: March 12, 2018

Scott Green1Option Commentary

Market Headed For All-Time High – Here’s Why POSTED BY PETE STOLCERS ON MARCH 12 www.oneoption.com Last Friday I told swing traders to buy on the open. Stocks shot higher on robust employment numbers and low wage inflation. We are within striking distance of the all-time high and there aren’t any speed bumps for another 10 days. I expect to … Read More

Daily Commentary: March 9, 2018

Scott Green1Option Commentary

Market Loves the News – Buy Calls Now – Strong Growth and Tame Inflation POSTED BY PETE STOLCERS ON MARCH 9 www.oneoption.com The market has regained its footing and the price action this week has been very constructive. We have seen a series of lower opens and higher closes. This bullish pattern has been present since the market tested the … Read More

Daily Commentary: March 8, 2018

Scott Green1Option Commentary

Market Not Worried About Wage Inflation – Could Be A Speed Bump Friday POSTED BY PETE STOLCERS ON MARCH 8 www.oneoption.com The market has been very resilient. Last Friday it tested the 100-day moving average and it bounced off of that level. We have seen follow-through buying this week. Yesterday stocks opened on a negative note and the losses were … Read More

Daily Commentary: March 7, 2018

Scott Green1Option Commentary

Market Has To Grow Into Valuation – Expect Choppy Trading This Week POSTED BY PETE STOLCERS ON MARCH 7 www.oneoption.com The market tested the 100-day moving average last Friday and it reversed sharply. We saw follow-through buying Monday and Tuesday. As I’ve been mentioning in my comments we can expect additional volatility. The S&P 500 is down 20 points before … Read More

Daily Commentary: March 6, 2018

Scott Green1Option Commentary

Market Finding Support – Expect Nervous Trading – Speed Bump Ahead POSTED BY PETE STOLCERS ON MARCH 6 www.oneoption.com Buyers are starting to gain confidence and the price action yesterday was constructive. Stocks shot higher from the open and the dips were brief and small. The market closed on a strong note and the S&P 500 is up 10 points … Read More

Daily Commentary: March 5, 2018

Scott Green1Option Commentary

Key To the Market This Week – Bearish Sign If This Level Tested Again POSTED BY PETE STOLCERS ON MARCH 5 www.oneoption.com The market surged higher in January and the tone soured quickly. February was nasty and the lengthy bottoming process indicates selling pressure. In the past few years stocks have quickly recovered from big drops. That is not currently … Read More