Rumors Of A 50 Basis Point Rate Cut Posted by Pete Stolcers on September 13 www.oneoption.com According to the Wall Street Journal, some former Fed officials are favoring a 50 basis point rate cut next week. PRE-OPEN MARKET COMMENTS FRIDAY – The market erased all of the losses from last Friday’s soft jobs report and it is within striking distance … Read More

Market Focused On Rate Cut Posted by Pete Stolcers on September 12 www.oneoption.com Buyers are scooping up these dips ahead of the FOMC next week. PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday the market probed for support once more and it staged an incredible reversal that fueled a move back above the 50-day MA. The CPI was in line with expectations … Read More

Bearish Window Is Closing Posted by Pete Stolcers on September 11 www.oneoption.com Last week the market broke through major technical support levels, but we have not seen any follow through. PRE-OPEN MARKET COMMENTS WEDNESDAY – Price is truth so let’s focus on the technicals today. They tell us what buyers and sellers are doing and to what degree. When we … Read More

CPI Tomorrow Posted by Pete Stolcers on September 10 www.oneoption.com The price action is news driven and the inflation reading tomorrow is the most significant economic release this week. PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday the market bounced after a heavy day of selling and it is up this morning. The SPY is within striking distance of the 50-day MA … Read More

Don’t Listen To Experts – Price Is Truth Posted by Pete Stolcers on September 09 www.oneoption.com This is a lesson in how you can trade with confidence. PRE-OPEN MARKET COMMENTS MONDAY – Opinions are like @$$holes. Everyone has one. People will provide you with a litany of reasons why the market is going to go up or down. Their analysis … Read More

Tread Cautiously – Jobs Number Not Great Posted by Pete Stolcers on September 06 www.oneoption.com We don’t trade what we think, we trade what we see. Watch VIX and the 50-day MA. PRE-OPEN MARKET COMMENTS FRIDAY – The market is constantly looking for the next “driver” that will break us out of this trading range. This morning we learned that … Read More

Market Waiting For the Jobs Report Posted by Pete Stolcers on September 05 www.oneoption.com This is an important week for economic releases and they could be a catalyst. PRE-OPEN MARKET COMMENTS THURSDAY – Tuesday the SPY sold off and it breached a minor horizontal support level at $555. It is sitting just above the 50-day MA and QQQ is resting … Read More

Market Drop Needs Follow Through Posted by Pete Stolcers on September 04 www.oneoption.com The sell-off yesterday breached minor support and now we need to breach the 50-day MA to start taking bearish swing trades. PRE-OPEN MARKET COMMENTS WEDNESDAY – Yesterday the market gapped down and it drifted lower the entire day on good volume. VIX/VXX rallied and that provided a … Read More

Economic Releases Are In Focus Posted by Pete Stolcers on September 03 www.oneoption.com Traders will be watching for signs of a slowdown this week. PRE-OPEN MARKET COMMENTS TUESDAY – I hope all of you enjoyed the extended weekend. The market is searching for a catalyst and the news this week could spark a breakout or a breakdown. The SPY has … Read More

Traders -Here’s How To Enjoy the Holiday Posted by Pete Stolcers on August 30 www.oneoption.com This is going to be a low probability trading environment today. PRE-OPEN MARKET COMMENTS FRIDAY – The earnings news this week had the potential to spark a breakout one way or the other and that did not materialize. Traders are going to get an early … Read More