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

Daily Commentary: February 21, 2018

Scott Green1Option Commentary

Selling Will End Today or Thurs – Then Next Leg Higher – Watch FOMC Minutes POSTED BY PETE STOLCERS ON FEBRUARY 21 www.oneoption.com Yesterday the market drifted lower and I believe the selling will end today or early tomorrow morning. This retracement is typical after a 12% correction. Once the bid is confirmed we will see the next leg higher. … Read More

Daily Commentary: February 20, 2018

Scott Green1Option Commentary

The Next Leg of the Rally Will Be Big – Don’t Get Shaken Out POSTED BY PETE STOLCERS ON FEBRUARY 20 www.oneoption.com Last week the market staged an impressive rebound from the 200-day moving average. The S&P 500 closed solidly above the 100-day moving average and the buying was strong. We saw a little profit-taking late Friday and I attribute … Read More

Daily Commentary: February 16, 2018

Scott Green1Option Commentary

This Rally Has Far To Go – Look For Early Low Today and Strength Late POSTED BY PETE STOLCERS ON FEBRUARY 16 www.oneoption.com The market is screaming higher and you should raise your stops. We are up almost 200 S&P points from our entry point last week and I don’t want to give it back. Use SPY $271.80 as an … Read More

Daily Commentary: February 15, 2018

Scott Green1Option Commentary

Like I Said – Stay Long – This Market Rally Has A Long Way To Go POSTED BY PETE STOLCERS ON FEBRUARY 15 www.oneoption.com Yesterday the market gave us a big “tell”. The appetite for stocks is strong and a hot CPI did not deter buyers. The S&P 500 briefly tested the 100-day moving average and it shot higher. That … Read More

Daily Commentary: February 14, 2018

Scott Green1Option Commentary

Stay Long – Hot CPI Not An Issue – Asset Managers Will Buy This Dip POSTED BY PETE STOLCERS ON FEBRUARY 14 www.oneoption.com Yesterday the market tested the 100-day moving average and it bounced. Stocks closed on the high the day and buyers are engaged. This morning the CPI came in a little hot and we will test the 100-day … Read More

Daily Commentary: February 13, 2018

Scott Green1Option Commentary

Market Testing the 100-Day MA – It Will Hold and the Next Leg Higher Will Start POSTED BY PETE STOLCERS ON FEBRUARY 13 www.oneoption.com Friday the S&P 500 tested the 200-day moving average and buyers stepped in. A sharp reversal marked the capitulation low and stocks closed on their high of the day. Yesterday we saw follow-through buying and the … Read More

Daily Commentary: February 12, 2018

Scott Green1Option Commentary

Get Ready For A Big Rally This Week – Watch the Video POSTED BY PETE STOLCERS ON FEBRUARY 12 www.oneoption.com  PLEASE CLICK HERE TO WATCH THE VIDEO THAT I POSTED SATURDAY I’m going to keep today’s comments short and sweet. If you followed my comments last week and you watched the video, you know how I feel. Get ready to … Read More