Daily Commentary: July 6, 2018

Scott Green1Option Commentary

Market Poised To Breakout – Economic Growth and Profits Are the Focus Posted by Pete Stolcers on July 6 www.oneoption.com   The market wants to rally. Chinese tariffs were imposed on steel and aluminum today and China retaliated as promised. The FOMC minutes were very hawkish yesterday and the Fed wants to tighten aggressively. The S&P 500 rallied more than … Read More

Daily Commentary: July 5, 2018

Scott Green1Option Commentary

China Feeling Pain – Trump Likely To Pause After First Round of Tariffs Posted by Pete Stolcers on July 5 www.oneoption.com The market wants to go higher but tariff threats are creating volatile conditions. In the last hour of trading on Tuesday the market dropped and investors reduced risk ahead of the deadline. The US will impose tariffs on Chinese … Read More

Daily Commentary: July 3, 2018

Scott Green1Option Commentary

Traders Don’t Believe Trump Will Start Trade War – Focus Is On Q2 Profits Posted by Pete Stolcers on July 3 www.oneoption.com The market has absorbed negative trade war news and buyers are scooping stocks every time the SPY tests the 100-day moving average. Stocks rallied off of support yesterday and the reversal is spilling over this morning. The S&P … Read More

Daily Commentary: July 2, 2018

Scott Green1Option Commentary

Trade War Fear Is Keeping A Lid On the Market – Good News Ahead Posted by Pete Stolcers on July 2 www.oneoption.com The S&P 500 is trapped in a 40 point range and the pressure is building. Support is at SPY $270 and resistance is at $274. A major holiday will bisect the trading week and major economic releases will … Read More

Daily Commentary: June 29, 2018

Scott Green1Option Commentary

Major Economic Releases and Earnings Season Will Attract Buyers Posted by Pete Stolcers on June 29 www.oneoption.com This week the market sold off on trade war tensions. The rhetoric is heated between the US and its trading partners. Stocks dropped on the news and the S&P 500 challenged key support at the 100-day moving average. Buyers stepped in and support … Read More

Daily Commentary: June 28, 2018

Scott Green1Option Commentary

DAILY OPTION TRADING COMMENTARY Posted by Pete Stolcers on June 28 www.oneoption.com Heated rhetoric between Trump and our global trading partners has investors on edge. The S&P 500 breached critical support at the 100-day MA and we are likely to see additional weakness today. China raised the stakes when it said that it would stop buying US treasuries. The S&P … Read More

Daily Commentary: June 27, 2018

Scott Green1Option Commentary

Market Not Afraid of A Trade War – Here’s Why – Use This Strategy Posted by Pete Stolcers on June 27 www.oneoption.com The market is discounting the threat/impact of trade wars. Yesterday stocks rebounded after the 100-day moving average was tested on Monday. The rally was tenuous, but buyers are engaged. Major economic releases will be strong next week and … Read More

Daily Commentary: June 26, 2018

Scott Green1Option Commentary

Market Focus Will Shift To Econ and Profits In A Week – I’m Ready To Buy Posted by Pete Stolcers on June 26 www.oneoption.com Yesterday the market tanked as the threat of a trade war increased. Relationships between the US and its trading partners have deteriorated. Retaliatory tariffs are being imposed and investors reduced risk. The S&P 500 tested the … Read More

Daily Commentary: June 25, 2018

Scott Green1Option Commentary

Trade War Rhetoric and Light News Cycle Weighs On Market – Use This Stop Posted by Pete Stolcers on June 25 www.oneoption.com The market has been able to shoulder heated trade war rhetoric for the last month, but tension with our trading partners is high. Trump said that he would block Chinese takeovers if the domestic company had significant industrial … Read More

Daily Commentary: June 22, 2018

Scott Green1Option Commentary

Market Wants To Rally – News Is Light – Stay Long and Use This Stop Posted by Pete Stolcers on June 22 www.oneoption.com Yesterday the market took a breather. The news has been fairly light and the SPY is compressing near the upper end of its range. Tech stocks and small caps are strong on a relative basis. Thursday’s losses … Read More