Think Window Dressing Posted by Pete Stolcers on November 13 www.oneoption.com If you were an Asset Manager, which stocks would you want in your portfolio at year end? PRE-OPEN MARKET COMMENTS THURSDAY – The market dropped and bounced because of the shutdown and its end. Today Trump signed the funding bill that will reopen the government. This turmoil is not … Read More

Gradual Float Higher Likely Posted by Pete Stolcers on November 12 www.oneoption.com The government is likely to reopen this weekend. PRE-OPEN MARKET COMMENTS WEDNESDAY – In the last two week’s we’ve seen some nervous jitters due to the shutdown and a little profit taking after the Fed rate cut. This was just a normal dip in a bullish trend and … Read More

Thank You Veterans! Posted by Pete Stolcers on November 11 www.oneoption.com You’ve made huge sacrifices to courageously protect freedom around the world. PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday the S&P 500 rallied almost 100 points on news that the government was likely to reopen. We don’t know the current state of the economy or the damage inflicted by the shutdown. … Read More

Open the Government! Posted by Pete Stolcers on November 10 www.oneoption.com These shutdowns frustrate everyone and they are why we have very little faith in politicians. PRE-OPEN MARKET COMMENTS MONDAY – Republicans appear to have enough votes to pass the continuing resolution (CR) by a vote of 60-40. First it will go to the House. They have been able to … Read More

More Downside Likely Posted by Pete Stolcers on November 07 www.oneoption.com The selling pressure since the high last week has been steady and today we will test the 50-day MA. PRE-OPEN MARKET COMMENTS FRIDAY – Since the high from last week the market has been in a steady drift lower. Great earnings and a Fed rate cut excited buyers and … Read More

Planned Layoffs Spike Posted by Pete Stolcers on November 06 www.oneoption.com This report shows the slowest hiring in 14 years. PRE-OPEN MARKET COMMENTS THURSDAY – The government shutdown continues and it is impacting economic activity. We don’t have the BLS labor statistics so we have to lean on private companies that analyze the job market. Yesterday, ADP reported that 42K … Read More

Decent Private Sector Jobs Posted by Pete Stolcers on November 05 www.oneoption.com This morning ADP reported that 42K jobs were created in the private sector during October. PRE-OPEN MARKET COMMENTS WEDNESDAY – Media reports are circulating that the government shutdown could end soon. I hope that’s true because it’s starting to impact economic growth. The longer it lasts, the greater … Read More

The Sky Is Falling! Posted by Pete Stolcers on November 04 www.oneoption.com Keep your emotions in check. We want this drop. PRE-OPEN MARKET COMMENTS TUESDAY – OMG, the S&P 500 is down 70 points overnight. That’s it, the rally is over and stocks are going to hell in a handbasket. Sell everything! Get a freaking grip people. WE NEED THIS … Read More

Watch For This Pattern Posted by Pete Stolcers on November 03 www.oneoption.com Last week the market had a heavy dose of news and it is still digesting it. PRE-OPEN MARKET COMMENTS MONDAY – A week ago the market shot higher in anticipation of good news from the Fed and mega cap tech stocks. It got what it wanted and those … Read More

Full Steam Ahead Posted by Pete Stolcers on October 31 www.oneoption.com Earnings and interest rates drive the market and the news this week has been excellent. PRE-OPEN MARKET COMMENTS FRIDAY – This week the Fed cut interest rates and we could see another rate cut in December. They ended quantitative tightening and that is another form of easing. Mega cap … Read More