Daily Commentary: March 31, 2020

Scott Green1Option Commentary

Here’s Proof That the Market Bid Is Strong – Buy Dips This Week Posted by Pete Stolcers on March 31 www.1option.com Yesterday the market opened flat and that was an improvement. The prior three weeks we have seen limit down moves to start the week. As the day progressed, the bid strengthened. I believe that we will see some dire … Read More

Daily Commentary: March 30, 2020

Scott Green1Option Commentary

If This Happens This Week I Will Know It Is Time To Buy Stocks [Pick] Posted by Pete Stolcers on March 30 www.1option.com A week ago the market established a new three-year low when it traded below SPY $220. Stocks rebounded the rest of the week and the bid has strengthened. Amid concerning Coronavirus headlines, the S&P 500 is up … Read More

Daily Commentary: December 17, 2019

Scott Green1Option Commentary

Market Will Float Higher – Sellers Boycott – Use This Option Trading Strategy Posted by Pete Stolcers on December 17 www.1option.com Everything is coming up roses and the market will float higher into year-end. Global uncertainty has decreased in the last week and I don’t see any speed bumps through year-end. Intraday volume and volatility has decreased dramatically making day … Read More

Daily Commentary: December 16, 2019

Scott Green1Option Commentary

This Is the Type of Option Trade I Am Looking For – Market Will Grind Higher Posted by Pete Stolcers on December 16 www.1option.com This morning the S&P 500 is poised to make another new all-time high. The dark clouds have parted and seasonal strength/momentum will fuel a gradual grind higher the next two weeks. Trading volume will start to … Read More

Daily Commentary: December 12, 2019

Scott Green1Option Commentary

This Overnight News Could Spark Buying Friday – Buy Some Calls Near the Close Today Posted by Pete Stolcers on December 12 www.1option.com The market is treading water near the all-time high and major events that pose uncertainty are being resolved. Today England is holding elections and we will know the results overnight. If Boris Johnson gains support (expected) a … Read More

Daily Commentary: December 6, 2019

Scott Green1Option Commentary

Market Gaps Higher On Strong Jobs Report – Wait For the Bid To Be Tested – Don’t Chase Posted by Pete Stolcers on December 6 www.1option.com The market is within striking distance of the all-time high and we are seeing strength on the heels of a strong jobs report. Positive comments from US/China trade negotiators and a possible USMCA deal … Read More

Daily Commentary: November 18, 2019

Scott Green1Option Commentary

Swing Traders Keep It Small – Look For These Bullish Put Spreads Posted by Pete Stolcers on November 18 www.1option.com Friday the market broke through resistance and it made another new all-time high. A US/China trade truce looks likely and high-level negotiations took place over the weekend. Both sides are making positive remarks. The path of least resistance is up. … Read More

Daily Commentary: November 13, 2019

Scott Green1Option Commentary

Market Is Vulnerable To A 1-Day Drop – This Event Today Could Spark Profit Taking Posted by Pete Stolcers on November 13 www.1option.com The narrative has not changed much overnight. Stocks continue to float higher during this light news cycle. Momentum favors the upside, but the volume is light and these gains can easily be stripped away. Buy back your … Read More

Daily Commentary: November 12, 2019

Scott Green1Option Commentary

Watch Out For This Event During the Day – It Could Be A Market Mover! Posted by Pete Stolcers on November 12 www.1option.com Yesterday the market dipped early in the day and it gradually found its footing. The price action in the last week has been dull and we are in a light news cycle. Our bullish put spreads are … Read More

Daily Commentary: October 22, 2019

Scott Green1Option Commentary

Big News Over the Weekend – Upside Greater Than Downside Posted by Pete Stolcers on October 22 www.1option.com Yesterday the market gapped higher and it was able to hold the gains. Stocks closed on their high and this morning minor resistance at SPY $300 will be challenged. The overnight news was good and we are likely to see a grind … Read More