Daily Commentary: December 13, 2017

Scott Green1Option Commentary

Market Doesn’t Care About Senate – It Just Wants Tax Cuts POSTED BY PETE STOLCERS ON DECEMBER 13 www.oneoption.com Posted 9:30 AM ET – Last night Jones won the Alabama election and Republicans lost a Senate seat. The GOP only has a single vote advantage and it will be harder than ever to pass legislation. For the time being, the … Read More

Daily Commentary: December 12, 2017

Scott Green1Option Commentary

Stiff Market Headwind With Possible Profit Taking In January POSTED BY PETE STOLCERS ON DECEMBER 12 www.oneoption.com Posted 9:30 AM ET – The market continues to float higher on year-end strength. The Alabama elections tonight will be critical for Republicans. They finally have some momentum and the Senate margin is razor thin. Polls suggest a tight race. The budget needs … Read More

Daily Commentary: December 11, 2017

Scott Green1Option Commentary

Alabama Vote and FOMC Are Important – Wait For A Dip POSTED BY PETE STOLCERS ON DECEMBER 11 www.oneoption.com Posted 9:30 AM ET – Last Friday the market closed at a new all-time high. There are a couple of speed bumps this week and the action could be very subdued the next two days. The Alabama election is important and … Read More

Daily Commentary: December 8, 2017

Scott Green1Option Commentary

Market Headwinds Are Stiff – Go To Cash and Wait For A Dip POSTED BY PETE STOLCERS ON DECEMBER 8 www.oneoption.com Posted 9:30 AM ET – Last week the market shot higher on the Senate’s approval of a tax cut. That rally was tested and we have seen profit-taking. There are a few speed bumps for the remainder of the … Read More

Daily Commentary: December 7, 2017

Scott Green1Option Commentary

Speed Bumps Ahead – Wait For A Dip To This Level On SPY/QQQ POSTED BY PETE STOLCERS ON DECEMBER 7 www.oneoption.com Posted 10:00 AM ET – Yesterday the S&P 500 took a breather. The market still has some speed bumps to navigate in the next week and there could be additional profit-taking. Tech stocks showed signs of life. This sector … Read More

Daily Commentary: December 6 2017

Scott Green1Option Commentary

Big Drop In Tech Would Be Nice – Wait For This Pattern and Buy Calls POSTED BY PETE STOLCERS ON DECEMBER 6  Posted 9:30 AM ET – As I mentioned in my comments yesterday the downside would be tested. Stocks looked good early and then started to slip mid-day. We are seeing follow-through selling this morning. A tax bill is … Read More

Daily Commentary: December 5, 2017

Scott Green1Option Commentary

We Went To the Bank and Took Profits – Wait For A Market Pullback POSTED BY PETE STOLCERS ON DECEMBER 5     Posted 9:30 AM ET – Yesterday the market rallied after Senate Republicans passed the tax bill. The initial reaction was positive, but tech stocks dragged the entire market down. This was a “sell the news” event and the S&P … Read More

Daily Commentary: December 4, 2017

Scott Green1Option Commentary

Tax Cut Rally – Start Taking Profits At SPY $270 – Move Your Stops Up POSTED BY PETE STOLCERS ON DECEMBER 4 Posted 9:40 AM ET – Friday the market prepared for the Senate tax bill vote and the price action was bullish until the Flynn news hit. Stocks reversed quickly and the S&P 500 dropped 50 points. The dust … Read More

Daily Commentary: December 1, 2017

Scott Green1Option Commentary

Market Will Run On Tax Cut – Take Profits When the Momentum Stalls POSTED BY PETE STOLCERS ON DECEMBER 1     Posted 9:30 AM ET – The market is ripping higher and a tax cut is priced in. There are still many small hurdles for the GOP to overcome before the bill is passed, but investors are confident it will get … Read More

Daily Commentary: November 30, 2017

Scott Green1Option Commentary

Tax Cuts Likely – Clear Sailing Until Dec 12th – Stay Long POSTED BY PETE STOLCERS ON NOVEMBER 30     Posted 9:50 AM ET – Yesterday we saw a rotation out of tech and into financials. As nasty as the action appeared, the S&P 500 was unchanged. It appears that the Senate will pass the tax bill tonight or tomorrow. The … Read More