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

Daily Commentary: June 21, 2018

Scott Green1Option Commentary

Ride These Calls – The Market Is Going To Grind Higher Posted by Pete Stolcers on June 21 www.oneoption.com The narrative has not changed much overnight. The market has been able to shoulder negative news and it wants to grind higher. Tech stocks and small caps are leading the charge. The NASDAQ 100 and Russell 2000 are making new highs. … Read More

Daily Commentary: June 20, 2018

Scott Green1Option Commentary

Buy Calls On This Index Now – Market Is Going Higher Posted by Pete Stolcers on June 20 www.oneoption.com Yesterday we saw how resilient the market is. A trade war between China and the US is unfolding and investors are not deterred. After an initial drop, stocks spent the rest of the day recovering. That reversal paved the way for … Read More

Daily Commentary: June 19, 2018

Scott Green1Option Commentary

Bulls Will Get Flushed Out – Stay In Cash – We Are Going To Buy This Dip Posted by Pete Stolcers on June 19 www.oneoption.com Trade negotiations between the US and China have broken down. Trump has asked his advisers for an additional $200 billion worth of goods that could be subjected to a 10% tariff. China said that the … Read More

Daily Commentary: June 18, 2018

Scott Green1Option Commentary

Market Hates Trade Wars – Here’s How To Trade This Drop Posted by Pete Stolcers on June 18 www.oneoption.com Last week the market showed incredible resilience as it fended off negative news. That is a bullish sign and I only want to trade from the long side. Potential trade wars and higher interest rates are sparking a light round of … Read More

Daily Commentary: June 15, 2018

Scott Green1Option Commentary

Stay In Cash – Trade Wars Unfolding – We Will Wait For Support Posted by Pete Stolcers on June 15 www.oneoption.com Yesterday the NASDAQ 100 made a new all-time high and tech stocks are led the market rally. Buyers have ignored a number of negative news events this week and stocks have been extremely resilient. This morning we learned that … Read More

Daily Commentary: June 14, 2018

Scott Green1Option Commentary

Market Does Not Care About Higher Rates and Tariffs – Buy If This Happens Posted by Pete Stolcers on June 14 www.oneoption.com The market is extremely resilient. Yesterday the FOMC statement was very hawkish and rates were increased a quarter of a point. Powell said that four rate hikes are likely next year and the Fed plans to aggressively normalize … Read More

Daily Commentary: June 13, 2018

Scott Green1Option Commentary

Fed Will Raise Rates Today – Buy Calls If This Happens Posted by Pete Stolcers on June 13 www.oneoption.com Let’s keep it short and sweet today. The market wants to rally and the dark clouds are parting. The FOMC statement will be released today and the ECB will make its policy decision tomorrow morning. Traders are prepared for tightening by … Read More

Daily Commentary: June 12, 2018

Scott Green1Option Commentary

Market Wants To Run – Here’s Why We Are Going To Wait 2 More Days Posted by Pete Stolcers on June 12 www.oneoption.com Yesterday the market inched higher ahead of the historical summit with North Korea. Trump and Kim broke the ice and they exchanged niceties. This process will take months to play out and investors are giving both leaders … Read More

Daily Commentary: June 11, 2018

Scott Green1Option Commentary

Russian Unites Washington DC Posted by Pete Stolcers on June 11 www.oneoption.com During an 18-month long Russian collusion investigation I could not resist the headline. Of course the Russian I am speaking of is Alexander Ovechkin. He was voted the MVP in the Stanley Cup playoffs and he helped fuel the Washington Capitals to a championship. We finally have something … Read More