Earnings Start To Ramp Up Posted by Pete Stolcers on July 21 www.oneoption.com This week we will hear from a few tech giants. PRE-OPEN MARKET COMMENTS MONDAY – The economic calendar is light this week and the focus will be on a handful of tech giants (GOOG, IBM, TSLA, TXN and INTC). I am expecting a fairly slow start to … Read More

Good Overnight News Posted by Pete Stolcers on July 17 www.oneoption.com The market is poised to open higher this morning on good earnings and economic news. PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday the market probed for support and it tested the low from last week on news that Trump might fire Powell. He denied that rumor and stocks rebounded nicely … Read More

Bank Earnings In Line Posted by Pete Stolcers on July 16 www.oneoption.com This week’s earnings reports feature big banks and the reaction has been balanced. PRE-OPEN MARKET COMMENTS WEDNESDAY – Earnings season has started and JPM, WFC, C, BAC, MS and GS have reported. There has not been much movement either way and that is typical. Bank stock fundamentals don’t … Read More

Q2 Earnings Season Has Started Posted by Pete Stolcers on July 15 www.oneoption.com This morning JPM, C and WFC reported results before the open. PRE-OPEN MARKET COMMENTS TUESDAY – The market rally has been unaffected by tariffs, wars, elevated interest rates or soft economic releases. Earnings season will provide us with another data point and we will see if companies … Read More

Earnings Season Kicks Off Posted by Pete Stolcers on July 14 www.oneoption.com Bank earnings releases will start tomorrow. PRE-OPEN MARKET COMMENTS MONDAY – Proposed tariff hikes on August 1st are as follows: Vietnam 20%, Japan and South Korea 25%, the EU and Mexico 30%, Canada 35%, China 40% and Brazil 50%. The market is shrugging the news off on the … Read More

Will Canadian Tariffs Matter? Posted by Pete Stolcers on July 11 www.oneoption.com The market has gotten numb to the tariffs. Is this one different? PRE-OPEN MARKET COMMENTS FRIDAY – Overnight Trump said that he is going to impose a 35% tariff on Canada on August 1st and promises to go higher if they retaliate. This is our largest trade partner … Read More

No News Is Good News Posted by Pete Stolcers on July 10 www.oneoption.com The headlines are light this week and traders are waiting for earnings season to start. PRE-OPEN MARKET COMMENTS THURSDAY – The path of least resistance is higher, but sellers made their presence felt yesterday. Wednesday the market gapped higher and it was immediately smacked down. That reversal … Read More

Tariff Deadline Starts Today Posted by Pete Stolcers on July 09 www.oneoption.com If trade deals are not progressing the original tariffs outline in April will take effect on August 1st. PRE-OPEN MARKET COMMENTS WEDNESDAY – This is a very light news week and yesterday the market was trapped in one of the narrowest ranges of the year. Europe posted nice … Read More

Tariff Deadline Looming Posted by Pete Stolcers on July 08 www.oneoption.com If trade negotiations are not progressing the original rates will be enforced on August 1st. PRE-OPEN MARKET COMMENTS TUESDAY – The news this week is very light. Yesterday the market gave back the gains from Thursday and that tells me that the Big Beautiful Bill was already priced into … Read More

Price Action “Tells” To Watch For Posted by Pete Stolcers on July 07 www.oneoption.com The Big Beautiful Bill was passed and we will learn to what degree it was priced into the market. PRE-OPEN MARKET COMMENTS MONDAY – I hope all of you enjoyed the extended weekend. Today’s session will be a “holiday hangover”. Everyone will be trying to get … Read More