Daily Commentary: September 16, 2019

Scott Green1Option Commentary

Oil Outage Won’t Matter – Bigger Issue Ahead This Week Posted by Pete Stolcers on September 16 www.1option.com Last week the market tested the all-time high and it was not able to breakthrough. The prospect of face-to-face trade negotiations with China and easing by the ECB sparked buying. The Fed is expected to lower rates by .25% Wednesday and the … Read More

Daily Commentary: September 11, 2019

Scott Green1Option Commentary

Watch This Key Level – Buy If the Market Is Above It Posted by Pete Stolcers on September 11 www.1option.com Yesterday the market tested the breakout at SPY $297 and it held. A rally in the last few minutes pared most of the losses and the open looks positive. China will postpone tariffs on 16 US goods and dovish expectations … Read More

Daily Commentary: September 10, 2019

Scott Green1Option Commentary

Buy/Short These Stocks and Watch This Technical Level Today Posted by Pete Stolcers on September 10 www.1option.com Resistance at the all-time high is stiff and the market is likely to trade in a tight range until the FOMC next week. The ECB is expected to ease this Thursday and the market has priced in a US rate cut of 25 … Read More

Daily Commentary: September 9, 2019

Scott Green1Option Commentary

Here’s What I Expect the Market To Do Next Week Posted by Pete Stolcers on September 9 www.1option.com Last week the market broke through horizontal resistance and we are seeing follow-through this morning. The news was fairly light over the weekend and the bid is fairly strong. US/China trade tensions seem to be easing and Brexit has been postponed until … Read More

Daily Commentary: September 6, 2019

Scott Green1Option Commentary

Here’s What I Expect the Market To Do Next Week Posted by Pete Stolcers on September 6 www.1option.com Yesterday the market surged higher on positive news and it was able to breakthrough horizontal resistance. After 45 minutes of trading profit-taking surfaced and the momentum stalled. The SPY will challenge the $300 level this morning and resistance should hold. China and … Read More

Daily Commentary: September 5, 2019

Scott Green1Option Commentary

Buy This Market Breakout – Use This As Your Stop and Target Posted by Pete Stolcers on September 5 www.1option.com This morning the market will break through horizontal resistance at SPY $294. The United States and China will resume trade talks in October and Brexit will be delayed until January 31st. These are two significant developments and the rally this … Read More

Daily Commentary: September 4, 2019

Scott Green1Option Commentary

Market Will Test Resistance Today – Breakout Unlikely Posted by Pete Stolcers on September 4 www.1option.com The S&P 500 is hugging the 100-day moving average. This morning it will challenge the upper end of the range at SPY $294 on positive overnight news. There are many cross-currents and sentiment can change quickly. China’s services PMI (52.1) was a little better-than-expected … Read More

Daily Commentary: September 3, 2019

Scott Green1Option Commentary

Market Will Spend Time At This Level – Holiday Hangover Posted by Pete Stolcers on September 3 www.1option.com The market is trading in a wide range and it is visiting both extremes with regularity. There are many cross-currents and light volume during the summer doldrums added to the volatility. End-of-month fund buying pushed us to the upper end of the … Read More

Daily Commentary: August 28, 2019

Scott Green1Option Commentary

A Trade Deal Will Slow the Bleeding – But Here Is the Real Issue Posted by Pete Stolcers on August 28 www.1option.com We are currently in a news vacuum and the volume is light. Traders are latching on to any information they can find and Trump is keeping us busy. His tweets about Chinese tariffs and the Fed are producing … Read More

Daily Commentary: August 27, 2019

Scott Green1Option Commentary

Market Will Move To This Level – It Is A Magnet – Light Volume Ahead Posted by Pete Stolcers on August 27 www.1option.com Friday stocks sold off in anticipation of Trump’s harsh reaction to China’s tariff hike on US goods. Worst-case scenarios were priced in and the S&P 500 dropped to support. Yesterday stocks bounced off of that level and … Read More