Daily Commentary: January 8, 2019

Terrie Amengual1Option Commentary

Market Bounce Will Continue – News Is Light So Follow Momentum Posted by Pete Stolcers on January 8 www.1option.com Posted 9:30 AM ET – Yesterday the market was able to rally and we are seeing follow-through on this bounce. The news was light overnight and the S&P 500 is up 20 points before the open. The path of least resistance … Read More

Daily Commentary: January 7, 2019

Terrie Amengual1Option Commentary

Short Covering Bounce Will Continue – News Is Balanced Posted by Pete Stolcers on January 7 www.1option.com Posted 9:30 AM ET – Last week we saw some signs that buyers are starting to nibble. The market drops were “jerky” and it was harder to make money on the short side. We did not hit any deep air pockets with late … Read More

Daily Commentary: January 4, 2019

Scott Green1Option Commentary

Cover the SPY Short This Morning – The Bid Is Building Posted by Pete Stolcers on January 4 www.1option.com Yesterday the market tanked after Apple warned investors that earnings would not meet expectations. A few months ago this company had the largest market cap in the world and now it is down 40% from its high. Earnings season is upon … Read More

Daily Commentary: January 3, 2019

Scott Green1Option Commentary

Short the SPY Below When It Goes Below This Level Posted by Pete Stolcers on January 3 www.1option.com Yesterday the market dropped on the open and that was the low of the day. Buyers stepped in on the first trading day of the year and they scooped stocks. A full-blown reversal was underway by mid-morning and the market rallied into … Read More

Daily Commentary: January 2, 2019

Scott Green1Option Commentary

Market Performance the First Week Is Historically An Indicator For the Entire Year Posted by Pete Stolcers on January 2 www.1option.com Last week the market staged a nice bounce after testing the 200-week moving average. Deep drops like this take time to resolve and a base will form over the next few months. Severe technical damage has been done during … Read More

Daily Commentary: December 28, 2018

Scott Green1Option Commentary

Look For A Strong Market Rally Through Monday Posted by Pete Stolcers on December 28 www.1option.com Yesterday stocks struggled to hold the gains from Wednesday. The S&P 500 was down 30 points on the open and buyers were not going to step up until they knew the bid was strong. A steady drift lower lasted most of the day and … Read More

Daily Commentary: December 27, 2018

Scott Green1Option Commentary

This Bounce Should Last A Few More Days – Get Ready To Short Posted by Pete Stolcers on December 27 www.1option.com The market was overdue for a big bounce and yesterday we witnessed the largest gains ever for a single day. The Dow Jones Industrial Average was up more than 1000 points and stocks closed on their high of the … Read More

Daily Commentary: December 26, 2018

Scott Green1Option Commentary

Until You See This Pattern – Short Every Bounce! Posted by Pete Stolcers on December 26 www.1option.com In the last seven trading days the S&P 500 has lost almost 10% of its value. A hawkish Fed, the threat of a Chinese trade war, soft earnings guidance and a government shutdown has spooked investors. The technical damage is severe and this … Read More

Daily Commentary: December 21, 2018

Scott Green1Option Commentary

A Bounce Is Coming – Stay In Cash Until It Stalls – Then Go Short Posted by Pete Stolcers on December 21 www.oneoption.com There is not any new information overnight. Investors were hoping for a dovish FOMC statement and they did not get it. This was the last possible catalyst for the year and there is nothing to stop the … Read More

Daily Commentary: December 20, 2018

Terrie Amengual1Option Commentary

Fed Puts Coal In Our Stockings – We Are Back In Cash – No Catalyst Posted by Pete Stolcers on December 20 www.oneoption.com Posted 9:30 AM ET – Yesterday the Fed put coal in our stockings. The FOMC statement was the last potential catalyst of the year and we did not get what we wanted. Stocks sold off on the … Read More