Last Push Higher Posted by Pete Stolcers on December 09 www.oneoption.com The market has been making new all-time highs. Scale out of longs. PRE-OPEN MARKET CONDITIONS MONDAY – If you’ve been following my advice, you’ve been adding to bullish swing trades for over two months and now we are gradually taking gains. You should be out of two-thirds of those … Read More

Did You Take Some Gains? Posted by Pete Stolcers on December 06 www.oneoption.com Swing traders should reduce risk into this final year end push higher. PRE-OPEN MARKET COMMENTS FRIDAY – As expected, the jobs report came in strong. There were 227K jobs created in the month of November and that is better than expected (202K). The storms and strikes are … Read More

Take Profits Into Strength Posted by Pete Stolcers on December 05 www.oneoption.com We’ve been adding to our bullish swing trades for two months. Do not add! This is a time to start scaling out of your positions. PRE-OPEN MARKET COMMENTS THURSDAY – As expected, the market is floating higher on light volume. The economic backdrop is solid and the Fed … Read More

Economic Numbers Will Be Good Posted by Pete Stolcers on December 04 www.oneoption.com The market will float higher the rest of the week. This is a time to ride what you have, but I would not be adding. PRE-OPEN MARKET COMMENTS WEDNESDAY – This morning ADP said that job growth in the private sector hit 146K. That is a solid … Read More

Here’s Why the Market Will Float Higher Posted by Pete Stolcers on December 03 www.oneoption.com No one is selling and the backdrop is stable. PRE-OPEN MARKET COMMENTS TUESDAY – The market rallied to a new all-time high after the election and it tested the breakout. Support was confirmed and now we are making another high. This gradual drift higher is … Read More

Market Forecast For December Posted by Pete Stolcers on December 02 www.oneoption.com The market made a new all-time high Friday. Here’s what to expect the rest of the year. PRE-OPEN MARKET COMMENTS MONDAY – I hope that all of you enjoyed your time off. In an abbreviated session Friday, the market made a new all-time high. I suggested last week … Read More

This Trading Session Will Be A Turkey Posted by Pete Stolcers on November 27 www.oneoption.com Gobble… gobble. PRE-OPEN MARKET COMMENTS – WEDNESDAY. It’s the day before Thanksgiving. We have a flat open and we are sitting at the all-time high. Economic numbers were a non-event and this was the second look at GDP and PCE. Both were in line and … Read More

Market Navigates Rough Seas Posted by Pete Stolcers on November 26 www.oneoption.com The Trump era is about to start and the rhetoric will ramp up. PRE-OPEN MARKET COMMENTS – TUESDAY. President elect Trump is rattling his sabers. He mentioned that Chinese tariffs will increase by 10% when he takes office. That’s probably a welcome relief for Xi because they were … Read More

Market Will Test the All-time High Posted by Pete Stolcers on November 25 www.oneoption.com We’ve been expecting this! PRE-OPEN MARKET COMMENTS MONDAY – The gap up this morning is what we’ve been expecting. We are long a starter swing from two months ago and we added once a few weeks ago. Last week we added to swings again. Hopefully you … Read More

Add To Swing Longs Posted by Pete Stolcers on November 22 www.oneoption.com The market tested the breakout and it bounced. Rally coming. PRE-OPEN MARKET COMMENTS FRIDAY – The market has been in a long-term up trend. You know from my market comments this week that I am bullish. The technicals and fundamentals agree. The market got a little ahead of … Read More