Daily Commentary: March 8, 2018

Scott Green1Option Commentary

Market Not Worried About Wage Inflation – Could Be A Speed Bump Friday POSTED BY PETE STOLCERS ON MARCH 8 www.oneoption.com The market has been very resilient. Last Friday it tested the 100-day moving average and it bounced off of that level. We have seen follow-through buying this week. Yesterday stocks opened on a negative note and the losses were … Read More

Daily Commentary: March 7, 2018

Scott Green1Option Commentary

Market Has To Grow Into Valuation – Expect Choppy Trading This Week POSTED BY PETE STOLCERS ON MARCH 7 www.oneoption.com The market tested the 100-day moving average last Friday and it reversed sharply. We saw follow-through buying Monday and Tuesday. As I’ve been mentioning in my comments we can expect additional volatility. The S&P 500 is down 20 points before … Read More

Daily Commentary: March 6, 2018

Scott Green1Option Commentary

Market Finding Support – Expect Nervous Trading – Speed Bump Ahead POSTED BY PETE STOLCERS ON MARCH 6 www.oneoption.com Buyers are starting to gain confidence and the price action yesterday was constructive. Stocks shot higher from the open and the dips were brief and small. The market closed on a strong note and the S&P 500 is up 10 points … Read More

Daily Commentary: March 5, 2018

Scott Green1Option Commentary

Key To the Market This Week – Bearish Sign If This Level Tested Again POSTED BY PETE STOLCERS ON MARCH 5 www.oneoption.com The market surged higher in January and the tone soured quickly. February was nasty and the lengthy bottoming process indicates selling pressure. In the past few years stocks have quickly recovered from big drops. That is not currently … Read More

Daily Commentary: March 2, 2018

Scott Green1Option Commentary

Nasty Market Decline Ahead – Be the Second Mouse POSTED BY PETE STOLCERS ON MARCH 2 www.oneoption.com Yesterday the market broke horizontal support at SPY $270. Stocks continued to drift lower and news of steel tariffs spark selling. The 100-day moving average was tested and it held. This morning we are seeing another wave of selling and we are going … Read More

Daily Commentary: March 1, 2018

Scott Green1Option Commentary

Most Traders Will Make This Mistake Today – Don’t Be One of Them POSTED BY PETE STOLCERS ON MARCH 1 www.oneoption.com Yesterday I advised you to exit long positions on the open and that was good advice. As suspected, the opening rally did not hold and the market reversed. Stocks closed on the low today and the S&P 500 is … Read More

Daily Commentary: February 28, 2018

Scott Green1Option Commentary

Take Profits On the Open – Market Looks Vulnerable POSTED BY PETE STOLCERS ON FEBRUARY 28 www.oneoption.com Yesterday’s market decline was a warning. Take profits on long positions on the open. We need to closely monitor the price action the next few days. I am not turning bearish, but I am much less bullish than I was yesterday. The new … Read More

Daily Commentary: February 26, 2018

Scott Green1Option Commentary

Big Market Rally Ahead This Week – No Speed Bumps For 10 days POSTED BY PETE STOLCERS ON FEBRUARY 26 www.oneoption.com We are going to make a lot of money this week. The market wants to rebound and last week we consolidated after a big bounce. The bid had to be confirmed and the FOMC minutes were the perfect test. … Read More

Daily Commentary: February 23, 2018

Scott Green1Option Commentary

Market Ready For Next Leg Higher – Close Above SPY $273 Would Be Bullish POSTED BY PETE STOLCERS ON FEBRUARY 23 www.oneoption.com The market staged a nasty reversal after the FOMC minutes Wednesday. These reversals are usually not resolved until the bid is tested. The bounce looked great yesterday, but we saw selling late in the day. Stocks did bounce … Read More

Daily Commentary: February 22, 2018

Scott Green1Option Commentary

Market Building Launch Pad For Next Leg Higher – Watch For Support POSTED BY PETE STOLCERS ON FEBRUARY 22 www.oneoption.com In my comments yesterday I said that the FOMC minutes could spark selling and they did. Fed officials still plan to hike three times this year and the market did not like the news. Most analysts are expecting three rate … Read More