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

Daily Commentary: January 22, 2018

Scott Green1Option Commentary

Watch the Budget Vote At Noon Today – Extension Will Fuel A Rally POSTED BY PETE STOLCERS ON JANUARY 22 www.oneoption.com The market is not currently concerned with the government shutdown. If it continues for more than a few days investors will take notice. Republicans are trying to extend it one month and Democrats are flexing their muscles. We could … Read More

Daily Commentary: January 19, 2018

Scott Green1Option Commentary

The Market Is At the Mercy of Politicians – 75% Chance of Budget Extension POSTED BY PETE STOLCERS ON JANUARY 19 www.oneoption.com The market won’t worry about the budget… until it has to worry about the budget. Stocks have enjoyed a good week and investors have given politicians the benefit of the doubt. Yesterday the House agreed to extend the … Read More

Daily Commentary: January 18, 2018

Scott Green1Option Commentary

Market Pricing In Budget Extension – Ride Your Calls and Raise Stops POSTED BY PETE STOLCERS ON JANUARY 18 www.oneoption.com Posted 9:30 AM ET – The market staged an impressive rally to a new all-time high yesterday. The price action was very steady indicating a strong appetite for stocks. The threat of a possible government shutdown is being discounted and … Read More

Daily Commentary: January 17, 2018

Scott Green1Option Commentary

Choppy Trading Until Budget Extension – Then Next Leg Higher POSTED BY PETE STOLCERS ON JANUARY 17 www.oneoption.com Posted 9:30 AM ET – Gaps up to a new all-time high are dangerous especially after a big run. The market has been on a tear and it got ahead of itself yesterday. Profit-taking set in and the gains gradually disappeared. Asset … Read More

Daily Commentary: January 16, 2018

Scott Green1Option Commentary

Market Has A Full Head Of Steam – Ride Your Calls and Raise Stops POSTED BY PETE STOLCERS ON JANUARY 16 www.oneoption.com There wasn’t any news over the weekend to deter investors. Even the threat of a government shutdown this Friday has not dampening spirits. With the exception of one day this year the market has opened higher and closed … Read More

Daily Commentary: January 12, 2018

Scott Green1Option Commentary

Dip This Week Lasted 1 Hour – Bid Is Strong and No Speed Bumps POSTED BY PETE STOLCERS ON JANUARY 12 www.oneoption.com Posted 9:30 AM ET – The market dipped early Wednesday and it spent the rest of the day recovering. Stocks gapped higher yesterday and the S&P 500 made a new all-time high. That pullback on Wednesday only lasted … Read More