The Market Action Will Heat Up Posted by Peter Stolcers on April 24 www.oneoption.com Slow day on tap today, but major earnings releases will provide opportunities the rest of the week. PRE-OPEN MARKET COMMENTS MONDAY – There is not a lot of incremental overnight news. The S&P 500 will open inside of the prior day’s range and it is flat. … Read More

Gap Up To A Relative High Posted by Peter Stolcers on April 18 www.oneoption.com Let’s put this move into context. Is there a recent example that might be similar? PRE-OPEN MARKET COMMENTS TUESDAY – The market continues to float higher in the absence of additional bank failures. The Fed added liquidity to the system and shorts were squeezed. That explains … Read More

If This Happens the Market Will Make A New Low In June Posted by Pete Stolcers on June 07 www.1option.com We are still up one day and down the next. The volume is light and the intraday action is very choppy. China is rapidly reopening and that is a good sign. Australia raised rates and the ECB is expected to. … Read More

Here Is Your Game Plan For the Next Two Weeks Posted by Pete Stolcers on May 24 www.1option.com   Expect a choppy downward bias at least until the July FOMC statement. After big moves down, expect a bounce that lasts a few days. That means you have to keep your trades short term. Short stalled bounces and take gains on … Read More

Exit SPY Today – We Will Wait For A Better Entry Point Posted by Pete Stolcers on May 23 www.1option.com   In the last few months I have outlined a myriad of issues that are plaguing the market and they are growing, not subsiding. Inflation, war, rising interest rates, supply disruptions, a deceleration in global economic growth, a resurgence in … Read More

Get Short – I Don’t Like the Market Backdrop Here Posted by Pete Stolcers on May 20 www.1option.com   The big news overnight is that the PBOC cut interest rates and that sparked buying in Asia. The market is weak and the price action this morning is nothing more than a bounce. There is a negative market bias and the … Read More

The Selling Pressure Is Building – These Are the Warning Signs Posted by Pete Stolcers on May 19 www.1option.com   Yesterday was one of the weakest days we have seen in the last two years. The selling pressure is building as the Fed prepares to raise interest rates. Inflation is running hot globally and China’s economic growth is decelerating. The … Read More

Nice Overnight Market Bounce – Lot’s of “Fed Speak” Today Posted by Pete Stolcers on May 17 www.1option.com   PRE-OPEN MARKET COMMENTS TUESDAY – The S&P 500 was able to hold onto gains from Friday during yesterday’s session. That has attracted buyers this morning and the S&P 500 is up 60points before the open. It will clear a horizontal resistance … Read More

Market Price Action Is Bearish – Not Likely To Improve Until Fall Posted by Pete Stolcers on May 09 www.1option.com   Last week we were focused on the reaction to the FOMC statement and a relief rally off of the low of the year was likely. In March the SPY started to bounce before the statement and that was a … Read More

FOMC Bounce Was Only A Bounce – Here’s the “Tell” Posted by Pete Stolcers on May 05 www.1option.com   Yesterday the market was bracing for the worst possible news from the Fed. Their intentions have been clear and they delivered. The table was set for an oversold bounce off of the lows for 2022 and buyers fueled a nice rally … Read More