BUYERS WILL WAIT FOR THE ELECTION RESULTS – A GOP WIN WOULD SPARK A BOUNCE Posted by Pete Stolcers on October 29 www.oneoption.com Posted 9:30 AM ET – This morning the S&P 500 is up 30 points. These opening rallies feel great until they reverse late in the day. We have seen a bearish pattern of higher opens and lower … Read More

Market Needs 2 of These 3 Things For A Sustained Bounce Posted by Pete Stolcers on October 26 www.oneoption.com Posted 9:30 AM ET – The market cares about three things and it will not rally until we get positive developments from at least two of them. Solid earnings are not attracting buyers and the S&P 500 is going to test … Read More

MARKET IS DAMAGED – YEAR END RALLY HAS TURNED INTO YEAR END BOUNCE Posted by Pete Stolcers on October 25 www.oneoption.com Posted 9:30 AM ET – Yesterday stocks plunged again and the longer-term technical picture is changing. Trade deals with China and the EU are unlikely, the Fed has been steadfast in raising rates, credit concerns are bubbling up and … Read More

MARKET SUPPORT ESTABLISHED – SET YOUR PROFIT TARGET AT THIS LEVEL Posted by Pete Stolcers on October 24 www.oneoption.com Posted 9:30 AM ET – Yesterday the market tanked on the open and major horizontal support was tested at SPY $268. The low was established early in the day and the S&P 500 briefly recaptured all of the losses. This is … Read More

MARKET PLUNGE WILL REVEAL A HARD BOTTOM – THIS IS THE PATTERN I AM LOOKING FOR Posted by Pete Stolcers on October 23 www.oneoption.com Posted 9:30 AM ET – The market is still searching for a bottom. The 200-day moving average has been holding until this morning. We are going to test major horizontal support at SPY $270 and that … Read More

SPY WILL BOUNCE TO THE 100-DAY MA BEFORE THE NOVEMBER ELECTIONS Posted by Pete Stolcers on October 22 www.oneoption.com Posted 9:30 AM ET – Two weeks ago the S&P 500 breached the 200-day moving average. Since then it has tested this support level 3 times. A busy week of earnings releases should strengthen the bid and I’m expecting a nice … Read More

We Got the Bounce – Here’s What I Need To See Before I Buy Aggressively Posted by Pete Stolcers on October 19 www.oneoption.com Posted 9:30 AM ET – Yesterday the S&P 500 retested the 200-day moving average. That move was expected, but not so soon. In a bullish market the first bounce should have lasted a couple of weeks as … Read More

Buy the Dip Today – This Overnight News Will Spark Buying Friday Posted by Pete Stolcers on October 18 www.oneoption.com Posted 9:30 AM ET – The S&P 500 is above the 200-day MA, but nervous jitters need to be worked off. I mentioned in yesterday’s comments that the FOMC minutes would be hawkish. The Fed did not anticipate a 10% … Read More

Ride Your SPY Position – Buy the Dip This Morning – Market Going Higher Posted by Pete Stolcers on October 17 www.oneoption.com Posted 9:30 AM ET – When the market bounced cleared the 200-day MA it was off to the races. Trading programs fueled the huge drop last week and they will fuel this bounce. Earnings season will attract buyers … Read More

Market Bounce Is Coming – Nothing Calms Nerves Like Profits Posted by Pete Stolcers on October 16 www.oneoption.com      Posted 9:30 AM ET – Yesterday the market dropped in the last hour of trading and there are still some nervous jitters that need to be worked off. The S&P 500 is up 18 points before the open and it will challenge … Read More