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

Daily Commentary: November 29, 2017

Scott Green1Option Commentary

Take Profits Once the Tax Cut Rally Stalls – Trouble Ahead POSTED BY PETE STOLCERS ON NOVEMBER 29     Posted 9:30 AM ET – Yesterday the market rallied to a new all-time high. Investors were expecting a “yes” by the Senate Budget Committee and they got it (by 1 vote). The tax bill will go to the floor and a vote … Read More

Daily Commentary: November 28, 2017

Scott Green1Option Commentary

Market Wants A Tax Cut – Here Is How I Am Playing It POSTED BY PETE STOLCERS ON NOVEMBER 28 Posted 9:30 AM ET – The market is floating higher on year-end strength. Republican Senators are scrambling to pass a tax cut bill and they will vote Friday. This is all the market cares about. Tonight the Senate budget committee … Read More

Daily Commentary: November 27, 2017

Scott Green1Option Commentary

Market Will Float Higher This Week – Senate Tax Cut Vote Friday POSTED BY PETE STOLCERS ON NOVEMBER 27 Posted 9:30 AM ET – Last week the market made a new all-time high. The news has generally been good over the weekend and we should see a grind higher this week. There will be many important events that will drive … Read More

Daily Commentary: November 22, 2017

Scott Green1Option Commentary

Senate Will Try To Vote On Tax Cut Dec 1 – Bid Will Be Strong Until Then POSTED BY PETE STOLCERS ON NOVEMBER 22  Posted 9:30 AM ET – Yesterday the market made a clean break to a new high. We are seeing follow-through this morning and the path of least resistance points higher. Trading volume will be very light. … Read More

Daily Commentary: November 21, 2017

Scott Green1Option Commentary

Market Breakout Fueled By Seasonal Strength – Look For Grind Higher POSTED BY PETE STOLCERS ON NOVEMBER 21  Posted 9:30 AM ET – Yesterday the market regained its footing and this morning it is challenging the all-time high. We are in holiday mode and the trading volume will be light. Retailers are reporting decent numbers and that will help heading … Read More

Daily Commentary: November 19, 2017

Scott Green1Option Commentary

Tight Trading Ranges With An Upward Bias POSTED BY PETE STOLCERS ON NOVEMBER 19 Posted Sunday 9:30 PM ET – The market wants to go higher the SPY is within striking distance of the all-time high. Seasonal strength and tax cut hopes will keep buyers engaged. The news is light this week and the market is likely to trade in … Read More

Daily Commentary: November 17, 2017

Scott Green1Option Commentary

Buy Calls – We Never Got the Dip – Breakout Coming POSTED BY PETE STOLCERS ON NOVEMBER 17 Posted – 9:30 AM ET – The market had a very strong day Thursday and we are in striking distance of the all-time high. The House passed the tax bill and that sparked buying. Option expiration goosed the market once the momentum … Read More

Daily Commentary: November 16, 2017

Scott Green1Option Commentary

Feel Good Rally Won’t Last – Be Patient and Wait For A Nice Dip POSTED BY PETE STOLCERS ON NOVEMBER 16 Posted 9:30 AM ET – Yesterday stocks took an early tumble and they quickly recovered. As the day progressed the bid weakened and the market closed on a whimper. This was one of the first times in months that … Read More

Daily Commentary: November 15, 2017

Scott Green1Option Commentary

We Want A 5% Market Decline – Profit Taking Should Last A Week POSTED BY PETE STOLCERS ON NOVEMBER 15 Posted 9:30 AM ET – We are in cash and we are waiting for this round of profit taking to run its course. Over a week ago we took profits on long positions and we went to the sidelines. All … Read More