Daily Commentary: March 22, 2018

Scott Green1Option Commentary

Nasty Market Decline Today – SPY Did Not Trade Above 50-Day MA – Stay In Cash POSTED BY PETE STOLCERS ON MARCH 22 www.oneoption.com Yesterday the FOMC released its statement and it was more hawkish than I expected. The new Fed chairman is not too concerned about market reaction and I find that refreshing. This year’s forecast remains the same … Read More

Daily Commentary: March 21, 2018

Scott Green1Option Commentary

FOMC Statement Will Be Dovish – Here’s How To Trade It POSTED BY PETE STOLCERS ON MARCH 21 www.oneoption.com The market has pulled back recently and investors are nervous ahead of the Fed’s decision today. Everyone is expecting a rate hike and the statement will be scrutinized. I believe Fed officials will lean towards two more rate hikes this year … Read More

Daily Commentary: March 20, 2018

Scott Green1Option Commentary

One More Day of Selling – Market Will Rally After FOMC – Buy At These Levels POSTED BY PETE STOLCERS ON MARCH 20 www.oneoption.com The market has dropped 100 S&P 500 points in the last seven trading days and the selling pressure has been steady. Traders are nervous ahead of the FOMC statement tomorrow. Don’t trust the early rally this … Read More

Daily Commentary: March 19, 2018

Scott Green1Option Commentary

Market Will Rally After the FOMC Wed – Here’s Why POSTED BY PETE STOLCERS ON MARCH 19 www.oneoption.com The market retraced last week and it is testing support at the 50-day moving average. Investors are worried that the Fed will hike four times this year and they will be looking for clues during the FOMC statement on Wednesday. I believe … Read More

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