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

Rate Cut and Good Earnings Posted by Pete Stolcers on October 30 www.oneoption.com Yesterday the market got the rate cut it expected and mega cap tech stocks reactions were good. PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday the Fed cut interest rates by 25 basis points and they are ending quantitative tightening (QT) which is another form of easing. Powell said … Read More

A 25 Basis Point Rate Cut Is Expected Posted by Pete Stolcers on October 29 www.oneoption.com Today the Fed is expected to cut rates and they might signal another rate cut this year. PRE-OPEN MARKET COMMENTS FED-DAY – Earnings and interest rates drive the market and today we are going to get a heavy dose of both. The Fed is … Read More

ADP Reports Solid Job Growth Posted by Pete Stolcers on October 28 www.oneoption.com The government shut down has left us in the dark when it comes to employment. Job growth is not as bad as feared. PRE-OPEN MARKET COMMENTS TUESDAY – The big overnight report was a preliminary reading from ADP. They process paychecks for small and medium sized businesses … Read More

Second Consecutive Gap Up Posted by Pete Stolcers on October 27 www.oneoption.com The S&P 500 has rallied 100 points in two sessions. Here’s what I expect today. PRE-OPEN MARKET COMMENTS MONDAY – Earnings and interest rates drive the market and we are going to get a heavy dose of both this week. MSFT, META and GOOG will report this week … Read More