Daily Commentary: July 26, 2019

Scott Green1Option Commentary

Super Busy Week Ahead and Then Dead Calm Posted by Pete Stolcers on July 26 www.1option.com The market continues to flirt with the all-time high and it is expending a lot of energy. We have heard from “the best of the best” and mega cap tech earnings have not been able to punch us through. Apple will report next Tuesday … Read More

Daily Commentary: July 25, 2019

Scott Green1Option Commentary

No Trade Deal With China – More Proof They Are Toying With Us Posted by Pete Stolcers on July 25 www.1option.com The market is waiting for earnings results and third quarter guidance. The reaction will tell us how much gas is left in the tank and it will determine direction the rest of the summer. I believe we will see … Read More

Daily Commentary: July 24, 2019

Scott Green1Option Commentary

Short the SPY Below This Level. Downside Risk Greater Than Upside Reward Posted by Pete Stolcers on July 24 www.1option.com This week we will get a broad sampling of earnings. So far the results have been good, but not good enough to fuel the market to a new high. The overnight reactions were positive. Face-to-face trade negotiations with China will … Read More

Daily Commentary: July 23, 2019

Scott Green1Option Commentary

Earnings and Guidance Will Tell Us How Much Gas Is Left In the Tank Posted by Pete Stolcers on July 23 www.1option.com The market is waiting for earnings results and third quarter guidance. The reaction will tell us how much gas is left in the tank and it will determine direction the rest of the summer. I believe we will … Read More

Daily Commentary: July 22, 2019

Scott Green1Option Commentary

Market Needs Fantastic Earnings To Move Higher – MSFT Good But Not Good Enough Posted by Pete Stolcers on July 22 www.1option.com Friday the market gapped higher on solid results from Microsoft. Stocks immediately drifted lower and S&P 500 reversed, closing on its low of the day. The market will not move higher until the bid is tested this morning … Read More

Daily Commentary: July 19, 2019

Scott Green1Option Commentary

MSFT Sets A Positive Tone – Earnings Season Cranks Up Next Week Posted by Pete Stolcers on July 19 www.1option.com The market has been choppy this week ahead of major earnings announcements. Microsoft posted better-than-expected results yesterday and the stock is making a record high this morning before the open. This should set a positive tone for the tech sector. … Read More

Daily Commentary: July 18, 2019

Scott Green1Option Commentary

CSX Is More Important Than NFLX – Q3 Guidance Will Determine Direction Posted by Pete Stolcers on July 18 www.1option.com Yesterday the market retreated slightly and it wiped out recent gains. A light news cycle favored momentum and stocks floated higher last week on light volume. There is no conviction and traders are waiting for earnings results. Q3 guidance will … Read More

Daily Commentary: July 16, 2019

Scott Green1Option Commentary

Will Record Earnings Be Good Enough? Posted by Pete Stolcers on July 16 www.1option.com A light news cycle favors momentum and stocks are inching higher each day. Intraday ranges are tight and the volume is low. Traders will focus on earnings the next few weeks and Q3 guidance will determine direction for the rest of the summer. Big banks will … Read More

Daily Commentary: July 15, 2019

Scott Green1Option Commentary

China’s Economic Data Was Good – Banks Soft Ahead of Earnings Posted by Pete Stolcers on July 15 www.1option.com Stocks are poised to move higher this morning after solid economic data in China. Citigroup is down after posting results and earnings season has officially started. Expectations are high and stocks are trading at the upper end of their valuation range. … Read More

Daily Commentary: July 12, 2019

Scott Green1Option Commentary

Here’s How To Day Trade This Pattern We Are In Posted by Pete Stolcers on July 12 www.1option.com The news is light and that favors the upward momentum. Comments from Fed Chairman Powell suggest a quarter-point cut hike in two weeks and that has investors excited. Stocks are grinding higher without questioning the rationale behind the move. Short-term traders can … Read More