Daily Commentary: June 14, 2018

Scott Green1Option Commentary

Market Does Not Care About Higher Rates and Tariffs – Buy If This Happens Posted by Pete Stolcers on June 14 www.oneoption.com The market is extremely resilient. Yesterday the FOMC statement was very hawkish and rates were increased a quarter of a point. Powell said that four rate hikes are likely next year and the Fed plans to aggressively normalize … Read More

Daily Commentary: June 13, 2018

Scott Green1Option Commentary

Fed Will Raise Rates Today – Buy Calls If This Happens Posted by Pete Stolcers on June 13 www.oneoption.com Let’s keep it short and sweet today. The market wants to rally and the dark clouds are parting. The FOMC statement will be released today and the ECB will make its policy decision tomorrow morning. Traders are prepared for tightening by … Read More

Daily Commentary: June 12, 2018

Scott Green1Option Commentary

Market Wants To Run – Here’s Why We Are Going To Wait 2 More Days Posted by Pete Stolcers on June 12 www.oneoption.com Yesterday the market inched higher ahead of the historical summit with North Korea. Trump and Kim broke the ice and they exchanged niceties. This process will take months to play out and investors are giving both leaders … Read More

Daily Commentary: June 11, 2018

Scott Green1Option Commentary

Russian Unites Washington DC Posted by Pete Stolcers on June 11 www.oneoption.com During an 18-month long Russian collusion investigation I could not resist the headline. Of course the Russian I am speaking of is Alexander Ovechkin. He was voted the MVP in the Stanley Cup playoffs and he helped fuel the Washington Capitals to a championship. We finally have something … Read More

Daily Commentary: June 8, 2018

Scott Green1Option Commentary

We Are Back In Cash – I Will Buy VIX Today and Day Trade From the Short Side Posted by Pete Stolcers on June 8 www.oneoption.com Yesterday the market took a breather after breaking through horizontal resistance earlier in the week. Tech stocks saw some profit-taking after the NASDAQ 100 made a new all-time high and that selling pressure will … Read More

Daily Commentary: June 7, 2018

Scott Green1Option Commentary

Ride Your Call Positions As Long As QQQ Is Above This Level Posted by Pete Stolcers on June 7 www.oneoption.com The market has been able to close above the 100-day moving average for more than a week and it has broken through horizontal resistance at SPY $274. Traders are focusing on strong fundamentals and they are less concerned with political … Read More

Daily Commentary: June 6, 2018

Scott Green1Option Commentary

Market Is Waiting For the Summit – This Is the Plan For Our QQQ Calls Posted by Pete Stolcers on June 6 www.oneoption.com The market is broken through horizontal resistance and it is been able to hold the gains. Traders are giving politicians the benefit of the doubt while negotiations take place. These events will play out in the next … Read More

Daily Commentary: June 5, 2018

Scott Green1Option Commentary

Traders Give Politicians the Benefit of the Doubt – Use This Stop For QQQ Calls Posted by Pete Stolcers on June 5 www.oneoption.com Yesterday the market gapped higher and it flat lined the rest of the day. It was able to hold the gains and the SPY closed above horizontal resistance at $274. That is a bullish sign and traders … Read More

Daily Commentary: June 4, 2018

Scott Green1Option Commentary

Buy QQQ Calls If This Condition Is Met Today Posted by Pete Stolcers on June 4 www.oneoption.com The market is breaking through horizontal resistance and tech stocks are leading the way. Possible trade wars and an interest rate hike next week have not dampened spirits. The economic data has been strong and that is fueling the move. Last week the … Read More

Daily Commentary: May 30, 2018

Scott Green1Option Commentary

Market Caught In Political Crosswind – Sell Your Puts If This Happens Today Posted by Pete Stolcers on May 30 www.oneoption.com Yesterday the market probed for support below the 100-day moving average. Buyers stepped in late in the day and losses were pared. An early rally this morning has the SPY back to the 100-day MA this morning. Dark clouds … Read More