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

Daily Commentary: March 21, 2018

Scott Green1Option Commentary

FOMC Statement Will Be Dovish – Here’s How To Trade It POSTED BY PETE STOLCERS ON MARCH 21 www.oneoption.com The market has pulled back recently and investors are nervous ahead of the Fed’s decision today. Everyone is expecting a rate hike and the statement will be scrutinized. I believe Fed officials will lean towards two more rate hikes this year … Read More

Daily Commentary: March 20, 2018

Scott Green1Option Commentary

One More Day of Selling – Market Will Rally After FOMC – Buy At These Levels POSTED BY PETE STOLCERS ON MARCH 20 www.oneoption.com The market has dropped 100 S&P 500 points in the last seven trading days and the selling pressure has been steady. Traders are nervous ahead of the FOMC statement tomorrow. Don’t trust the early rally this … Read More

Daily Commentary: March 19, 2018

Scott Green1Option Commentary

Market Will Rally After the FOMC Wed – Here’s Why POSTED BY PETE STOLCERS ON MARCH 19 www.oneoption.com The market retraced last week and it is testing support at the 50-day moving average. Investors are worried that the Fed will hike four times this year and they will be looking for clues during the FOMC statement on Wednesday. I believe … Read More

Daily Commentary: March 16, 2018

Scott Green1Option Commentary

Market Squall Ending – Buyers Are Lining Up – Next Leg Higher Starts Soon POSTED BY PETE STOLCERS ON MARCH 16 www.oneoption.com This week the market spent time backfilling. Stocks were a bit over-extended and profit-taking pushed the SPY down to the 50-day moving average. That support level was tested yesterday and it held. The FOMC statement next Wednesday will … Read More

Daily Commentary: March 15, 2018

Scott Green1Option Commentary

Market Will Run After It Tests This Level – Be Ready To Buy This Dip POSTED BY PETE STOLCERS ON MARCH 15 www.oneoption.com This soft patch should run its course today. I am expecting the 50-day moving average to be tested and the gap from last Friday to be filled. Ideally, the market will pullback early and bounce off of … Read More