Daily Commentary: February 5, 2018

Scott Green1Option Commentary

Buy Calls If This Happens Today – Market Poised To Bounce POSTED BY PETE STOLCERS ON FEBRUARY 5 www.oneoption.com I posted extensive market comments Sunday. Please make sure to read them. The last two days we’ve seen heavy selling. Bullish speculators are getting flushed out and Asset Managers have pulled bids. They will not buy until support is established. The … Read More

Daily Commentary: February 2, 2018

Scott Green1Option Commentary

Bullish Speculators Getting Flushed Out – Good Buy Will Set Up Next Week POSTED BY PETE STOLCERS ON FEBRUARY 2 www.oneoption.com The market has been nervous this week and rising global interest rates are to blame. Choppy trading is a sign of profit-taking and we can expect soft conditions for another week. Keep your powder dry and be ready to … Read More

Daily Commentary: February 1, 2018

Scott Green1Option Commentary

Swing Traders Stay In Cash – Air-Pocket Possible – Prepare To Buy This Dip POSTED BY PETE STOLCERS ON FEBRUARY 1 www.oneoption.com Global interest rates are rising and investors were bracing themselves for a hawkish statement from the FOMC yesterday. The comments were fairly neutral and analysts are expecting three rate hikes this year. Economic growth has been strong and … Read More

Daily Commentary: January 31, 2018

Scott Green1Option Commentary

Don’t Trust the Bounce This AM – FOMC Likely To Be Hawkish – Be Patient POSTED BY PETE STOLCERS ON JANUARY 31 www.oneoption.com Yesterday the market took a breather and stocks finished on the low of the day. Interest rate jitters sparked profit-taking ahead of the FOMC statement today. I believe that the Fed will be relatively hawkish. Stocks will … Read More

Daily Commentary: January 30, 2018

Scott Green1Option Commentary

I Told You To Take Profits Friday – You Should Be In Cash – Wait For Support POSTED BY PETE STOLCERS ON JANUARY 30 www.oneoption.com The market has been on a rampage. It feels odd to see a lower close and the drop this morning feels eerie. Stocks have rocketed higher and the backdrop is extremely bullish. This dip will … Read More

Daily Commentary: January 29, 2018

Scott Green1Option Commentary

FOMC Wed Will Be Hawkish – Small Speedbump Ahead POSTED BY PETE STOLCERS ON JANUARY 29 www.oneoption.com The market is screaming higher and the S&P 500 is up 200 points since the beginning of the year. The momentum suggests that there is more upside, but we are due for a small pullback. Last Friday I suggested taking profits on half … Read More

Daily Commentary: January 26, 2018

Scott Green1Option Commentary

Take Profits On the Open Today – Sell Half and Use SPY $284 For the Rest POSTED BY PETE STOLCERS ON JANUARY 26 www.oneoption.com The market has a strong tailwind and dips should be bought in Q1. Buyers are gobbling up stocks and 2018 is off to an incredible start. Gaps higher have been met with resistance and we are … Read More

Daily Commentary: January 25, 2018

Scott Green1Option Commentary

Watch For Early Reversals After A Gap Up – Buy Dips On Support POSTED BY PETE STOLCERS ON JANUARY 25 www.oneoption.com The market is in a pattern characterized by overnight gaps higher. We’ve seen choppy intraday action the last two days and that suggests that the momentum is slowing. Earnings season is cranking up and the results have been fantastic … Read More

Daily Commentary: January 24, 2018

Scott Green1Option Commentary

“America First” Resonating With US Companies But Not With Davos Attendees POSTED BY PETE STOLCERS ON JANUARY 24 www.oneoption.com Earnings season is starting to crank up and profits have been excellent. Guidance is robust and corporate tax cuts are prompting domestic expansion. The market continues to grind higher and mega cap tech stocks have yet to report. Flash PMI’s were … Read More

Daily Commentary: January 23, 2018

Scott Green1Option Commentary

Market Rally Still Has Room To Run – Next Speedbump Is FOMC On 1/31 POSTED BY PETE STOLCERS ON JANUARY 23 www.oneoption.com Yesterday politicians extended the budget and the market shot higher. This news was widely expected and stocks were up significantly before the vote. This is a runaway train and you need to keep moving your stops up. The … Read More