Daily Commentary: December 18, 2017

Scott Green1Option Commentary

Tax Bill Rally – Stay In Cash and Wait For A Dip POSTED BY PETE STOLCERS ON DECEMBER 18 www.oneoption.com Posted 9:40 AM ET – The market is breaking out to another new high on the notion that the tax bill will be signed this week. Dovish comments from the Fed are also fueling the move. Unfortunately, good news is … Read More

Daily Commentary: December 14, 2017

Scott Green1Option Commentary

Dovish FOMC Does Not Spark Rally – Market Rally Hitting Resistance POSTED BY PETE STOLCERS ON DECEMBER 14 www.oneoption.com Posted 9:30 AM ET – The market is inching its way higher and the headwinds are blowing. I believe the SPY will stall at $270. When stocks can’t rally on good news a red flag is raised. Yesterday the FOMC said … Read More

Daily Commentary: December 13, 2017

Scott Green1Option Commentary

Market Doesn’t Care About Senate – It Just Wants Tax Cuts POSTED BY PETE STOLCERS ON DECEMBER 13 www.oneoption.com Posted 9:30 AM ET – Last night Jones won the Alabama election and Republicans lost a Senate seat. The GOP only has a single vote advantage and it will be harder than ever to pass legislation. For the time being, the … Read More

Daily Commentary: December 12, 2017

Scott Green1Option Commentary

Stiff Market Headwind With Possible Profit Taking In January POSTED BY PETE STOLCERS ON DECEMBER 12 www.oneoption.com Posted 9:30 AM ET – The market continues to float higher on year-end strength. The Alabama elections tonight will be critical for Republicans. They finally have some momentum and the Senate margin is razor thin. Polls suggest a tight race. The budget needs … Read More

Daily Commentary: December 11, 2017

Scott Green1Option Commentary

Alabama Vote and FOMC Are Important – Wait For A Dip POSTED BY PETE STOLCERS ON DECEMBER 11 www.oneoption.com Posted 9:30 AM ET – Last Friday the market closed at a new all-time high. There are a couple of speed bumps this week and the action could be very subdued the next two days. The Alabama election is important and … Read More

Daily Commentary: December 8, 2017

Scott Green1Option Commentary

Market Headwinds Are Stiff – Go To Cash and Wait For A Dip POSTED BY PETE STOLCERS ON DECEMBER 8 www.oneoption.com Posted 9:30 AM ET – Last week the market shot higher on the Senate’s approval of a tax cut. That rally was tested and we have seen profit-taking. There are a few speed bumps for the remainder of the … Read More

Daily Commentary: December 7, 2017

Scott Green1Option Commentary

Speed Bumps Ahead – Wait For A Dip To This Level On SPY/QQQ POSTED BY PETE STOLCERS ON DECEMBER 7 www.oneoption.com Posted 10:00 AM ET – Yesterday the S&P 500 took a breather. The market still has some speed bumps to navigate in the next week and there could be additional profit-taking. Tech stocks showed signs of life. This sector … Read More

Daily Commentary: December 6 2017

Scott Green1Option Commentary

Big Drop In Tech Would Be Nice – Wait For This Pattern and Buy Calls POSTED BY PETE STOLCERS ON DECEMBER 6  Posted 9:30 AM ET – As I mentioned in my comments yesterday the downside would be tested. Stocks looked good early and then started to slip mid-day. We are seeing follow-through selling this morning. A tax bill is … Read More

Daily Commentary: December 5, 2017

Scott Green1Option Commentary

We Went To the Bank and Took Profits – Wait For A Market Pullback POSTED BY PETE STOLCERS ON DECEMBER 5     Posted 9:30 AM ET – Yesterday the market rallied after Senate Republicans passed the tax bill. The initial reaction was positive, but tech stocks dragged the entire market down. This was a “sell the news” event and the S&P … Read More

Daily Commentary: December 4, 2017

Scott Green1Option Commentary

Tax Cut Rally – Start Taking Profits At SPY $270 – Move Your Stops Up POSTED BY PETE STOLCERS ON DECEMBER 4 Posted 9:40 AM ET – Friday the market prepared for the Senate tax bill vote and the price action was bullish until the Flynn news hit. Stocks reversed quickly and the S&P 500 dropped 50 points. The dust … Read More