CPI Will Attract Long-term Buyers Posted by Peter Stolcers on November 14 www.oneoption.com The market is going to open much higher today, but this move is going to continue. Here’s why. PRE-OPEN MARKET COMMENTS TUESDAY – In my comments yesterday I told you that our best case scenario was a gap down in an up trend. The 100-day MA was … Read More

Can Interest Rates Stay This High? Posted by Peter Stolcers on November 01 www.oneoption.com High is a relative term. Let’s take a look at what is normal and the effects of artificially low interest rates ahead of the FOMC. PRE-OPEN MARKET COMMENTS FED-DAY – The selling pressure has been heavy since August and Q3 earnings have not sparked buying in … Read More

Signs That the Market Could Bounce Posted by Peter Stolcers on October 31 www.oneoption.com These signs are not worthy of bullish trades, but they should prompt you to take gains on shorts. PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday the market gapped up and it preserved half of that gap. That was a sign that buyers are interested near the low … Read More

Watch For A Market Catalyst Posted by Peter Stolcers on October 25 www.oneoption.com Lots of news coming in the next week. We need to see long green candles and heavy volume. That is a sign that buyers are interested. PRE-OPEN MARKET COMMENTS WEDNESDAY – The market has been able to hold the 200-day MA. The news calendar in the week … Read More

Today’s Trading Game Plan Posted by Peter Stolcers on October 16 www.oneoption.com This is likely to be a light volume inside day. Here is the best set up for us today. PRE-OPEN MARKET COMMENTS MONDAY – The market is wedged between the 200-day MA and the 100-day MA. Running through the middle of that range is AVWAPQ. The economic releases … Read More

Don’t Trust This Market Gap Up Posted by Peter Stolcers on October 13 www.oneoption.com There is no overnight move to justify the rally and the back drop is not particularly strong. Here’s why I feel that way. PRE-OPEN MARKET COMMENTS FRIDAY – The market has been able to find support above the 200-day MA, but resistance at the 100-day MA … Read More

Don’t Chase the Market Gap Up Posted by Peter Stolcers on October 11 www.oneoption.com PPI was “hot” and we should see a little selling early today. I am waiting patiently for an opportunity to buy. PRE-OPEN MARKET COMMENTS WEDNESDAY – The market has been able to find support above the 200-day MA. I am not particularly bullish or bearish. The … Read More

I Like This Market Bounce… But Posted by Peter Stolcers on October 10 www.oneoption.com The market is likely to keep doing what it has been doing. Expect lots of bid checks along the way. PRE-OPEN MARKET COMMENTS TUESDAY – The market has been able to find support above the 200-day MA. The SPY high from August 2022 was $432. We … Read More

Market Bounce Coming Posted by Peter Stolcers on September 29 www.oneoption.com The height and duration of this bounce will tell us how aggressive buyers and sellers are. PRE-OPEN MARKET COMMENTS FRIDAY – Not much has changed overnight. Global markets are trading higher and the SPY might have established a temporary support level this week. End of month fund buying will … Read More

I’m Not Bullish But I Am Expecting A Bounce Posted by Peter Stolcers on September 25 www.oneoption.com Buyers and Sellers have been balanced the last two months and the drop the last few days is setting the table for a bounce. PRE-OPEN MARKET COMMENTS MONDAY – The SPY has breached the upward sloping trendline, the 50-day MA, the 100-day MA, … Read More