Daily Commentary: May 2, 2019

Scott Green1Option Commentary

Market Dip Will Be Brief – Bullish Speculators Were Flushed Out Posted by Pete Stolcers on May 2 www.1option.com Yesterday the market tried to push higher and the FOMC statement sparked selling late in the day. Fed officials remained dovish and they are in “pause” mode. Some analysts were looking for signs of a future rate cut. The S&P 500 … Read More

Daily Commentary: May 1, 2019

Scott Green1Option Commentary

Market Bid Is Strong – ADP Reports Big Job Growth Posted by Pete Stolcers on May 1 www.1option.com The market is in a very tight upward sloping channel. Earnings season is at its peak and the results have generally been good. Apple posted better-than-expected results and it was the last of the mega cap tech stocks to report. The market … Read More

Daily Commentary: April 30, 2019

Scott Green1Option Commentary

Critical Test For the Market – Tech Weakness and PMIs Posted by Pete Stolcers on April 30 www.1option.com Yesterday the market inched its way to another all-time high. Google reported earnings after the close and Apple will report today. These are the final mega cap tech stocks to announce and sellers will get a little more aggressive after the news. … Read More

Daily Commentary: April 29, 2019

Scott Green1Option Commentary

These 2 Events Will Determine Market Direction This Week Posted by Pete Stolcers on April 29 www.1option.com Last week the market inched its way to a new all-time high. Good earnings set the tone and much better than expected growth in Q1 attracted buyers. Stocks are at the upper end of their valuation range and the headwinds are blowing. Mega … Read More

Daily Commentary: April 26, 2019

Scott Green1Option Commentary

GDP Was Great But Intel Could Keep A Lid On the Rally Posted by Pete Stolcers on April 26 www.1option.com The market has been treading water at the all-time high and traders are hoping that strong profits will push it through. Mega cap tech stocks have reported this week and the results have generally been good. Domestic economic conditions are … Read More

Daily Commentary: April 25, 2019

Scott Green1Option Commentary

Tech Can’t Do It Alone – Market Not Getting Help From Other Sectors Posted by Pete Stolcers on April 25 www.1option.com The market made a new all-time high this week and good earnings fueled the move. Stocks are trying to grind higher, but there is no follow through to the breakout Tuesday. Intraday volatility is low and the volume is … Read More

Daily Commentary: April 24, 2019

Scott Green1Option Commentary

Market At New All-time High – FB and MSFT After the Closing Bell Posted by Pete Stolcers on April 24 www.1option.com Yesterday the market jumped to a new all-time high in the first hour of trading. Solid earnings fueled the move and the momentum stalled for the rest of the day. Traders will lean on the remaining announcements this week. … Read More

Daily Commentary: April 23, 2019

Scott Green1Option Commentary

Will Mega Cap Tech Earnings Be Good Enough? Posted by Pete Stolcers on April 23 www.1option.com Earnings releases will determine if the market can break through the all-time high. Stock valuations are at the upper end of the trading range and good news is expected. Major tech companies will announce this week and they will set the tone. Microsoft, Intel, … Read More

Daily Commentary: April 22, 2019

Scott Green1Option Commentary

Can the Market Make A New All-Time High? This Is A Critical Week Posted by Pete Stolcers on April 22 www.1option.com The market will open ten S&P 500 points lower this morning. Nervous jitters after a three-day weekend are to blame. I’m not reading too much into this move since the headlines are light. Many overseas markets (most of Europe, … Read More

Daily Commentary: April 18, 2019

Scott Green1Option Commentary

Ride the Rally and Keep Raising Your Stop Posted by Pete Stolcers on April 18 www.1option.com The market has been gradually floating higher and it is within striking distance of the all-time high. China’s economic data was good and it seems that growth has stabilized. Flash PMI’s this morning were soft in Europe and Japan. Traders are focused on earnings … Read More