Daily Commentary: April 9, 2018

Scott Green1Option Commentary

A Tweet-Free Week Would Spark A Rally – Profits Will Calm Nerves POSTED BY PETE STOLCERS ON APRIL 9 www.oneoption.com A possible trade war between China and the United States is weighing on the market. Tensions eased over the weekend and we are seeing a 13 point bounce in the S&P 500 before the open. I would not trust this … Read More

Daily Commentary: April 4, 2018

Scott Green1Option Commentary

China Tariffs – Full List Now Known – Stay In Cash and Wait For A Deal POSTED BY PETE STOLCERS ON APRIL 4 www.oneoption.com The market doesn’t like the thought of a trade war between the two largest economies in the world. China’s full list of tariffs was released last night and the S&P 500 is down 40 points before … Read More

Daily Commentary: April 3, 2018

Scott Green1Option Commentary

Stay In Cash – Market Bounce Coming But We Need To Be Sure POSTED BY PETE STOLCERS ON APRIL 3 www.oneoption.com We have seen heavy selling for the first time in years. Yesterday the S&P 500 barely had an uptick for the first five hours trading. The futures were down 80 points and the 200-day moving average was breached with … Read More

Daily Commentary: April 2, 2018

Scott Green1Option Commentary

Traders Go To Cash – I Did Not Like This Market Headline Last Night POSTED BY PETE STOLCERS ON APRIL 2 www.oneoption.com  Last week the market bounced off of the 200-day moving average multiple times. The fact that we are testing it with greater frequency is bearish. It is a sign that the selling pressure is heavy and that buyers … Read More

Daily Commentary: March 29, 2018

Scott Green1Option Commentary

Market Support Will Form Ahead of Earnings Season – Use This As A Stop POSTED BY PETE STOLCERS ON MARCH 29 www.oneoption.com The market is trying to find support at the 200-day MA and I expect to see a bounce heading into earnings season. There is nothing like profits to attract buyers and the results should be excellent. Stocks are … Read More

Daily Commentary: March 28, 2018

Scott Green1Option Commentary

I Was Wrong – Market Support Is Going To Take Longer To Form POSTED BY PETE STOLCERS ON MARCH 28 www.oneoption.com The market is weak and conditions have deteriorated rapidly. That is usually a sign of margin liquidation. The 200-day moving average will be tested today. When margin calls and program trading drive the action, support levels don’t mean much. … Read More

Daily Commentary: March 27, 2018

Scott Green1Option Commentary

Stay Long – Market Will Grind Higher This Week – Here Is My Target POSTED BY PETE STOLCERS ON MARCH 27 www.oneoption.com Yesterday we “bought the open”. Stocks probed for support early and we took a little heat. Buyers stepped up and the S&P 500 finished 30 points above our entry price. We will see follow-through buying the rest of … Read More

Daily Commentary: March 26, 2018

Scott Green1Option Commentary

Buy Stocks On the Open Today – Capitulation Low – Buying Will Last All Week POSTED BY PETE STOLCERS ON MARCH 26 www.oneoption.com The market took a pounding last week and the S&P 500 closed below the 200-day moving average on Friday. We expected to see a big bounce off of this level and we are getting one this morning. … Read More

Daily Commentary: March 23, 2018

Scott Green1Option Commentary

Buy Stocks Today If You See This – Last Time the S&P 500 Rallied 200 Points POSTED BY PETE STOLCERS ON MARCH 23 www.oneoption.com The market blew right through the 100-day moving average and the low from February is in striking distance. After a heavy round of selling the 200-day moving average will be tested. There’s a good chance it … Read More

Daily Commentary: March 22, 2018

Scott Green1Option Commentary

Nasty Market Decline Today – SPY Did Not Trade Above 50-Day MA – Stay In Cash POSTED BY PETE STOLCERS ON MARCH 22 www.oneoption.com Yesterday the FOMC released its statement and it was more hawkish than I expected. The new Fed chairman is not too concerned about market reaction and I find that refreshing. This year’s forecast remains the same … Read More