Market Will Be Range Bound in August – Here’s Why Posted by Pete Stolcers on August 2 www.oneoption.com Posted 9:30 AM ET – The market will be trapped in a range the next month due to opposing forces. Strong earnings have been offset by the threat of a trade war with China. Economic growth is robust, but the Fed will … Read More

Hawkish FOMC Statement Possible Today – Watch For Wage Inflation Friday Posted by Pete Stolcers on August 1 www.oneoption.com Posted 9:30 AM ET – Opposing forces have trapped the market. Strong earnings reports have been offset by political crosswinds. We are likely to tread water in a tight range for the next month as traders and politicians take time off. … Read More

Forget The Tech Wreck and Focus on These Sectors – SPY Needs To Hold $280 Posted by Pete Stolcers on July 31 www.oneoption.com Posted 9:30 AM ET – The market broke through horizontal resistance last week and it was poised to run on excellent earnings. Mega cap tech stocks were on deck and 70% of the S&P 500 rally this … Read More

Market Breakout Less Likely – We Got the News and the Window Is Passing Posted by Pete Stolcers on July 30 www.oneoption.com Posted 9:40 AM ET – We need to see a breakout to new highs on record earnings last week and we didn’t get it. Facebook muddied the water and the $120 billion dropped was the largest ever. Intel … Read More

Market Will Grind Higher – Stay Long – Make This Adjustment Today Posted by Pete Stolcers on July 27 www.oneoption.com Posted 9:30 AM ET – Yesterday the market struggled to tread water after Facebook dropped more than 20% ($120B). Tech valuations were brought into question and we are seeing rotation into other sectors. Overnight earnings reactions from tech giants were … Read More

BUY THIS DIP – Facebook Won’t Matter – Industrials Will Offset Tech Posted by Pete Stolcers on July 26 www.oneoption.com Posted 9:30 AM ET – Yesterday the market broke out to a new relative high and rumors of a European trade deal sparked buying in the last hour of trading. Light volume the last few weeks is a sign that … Read More

Market Breakout of Bust – The Next 3 Days Are Critical – We Need Follow Thru Posted by Pete Stolcers on July 25 www.oneoption.com Yesterday the market gapped up to a new relative high – a pattern has frequently been faded since February. Sellers tested the bid and most of the gains evaporated by the close. There was no sign … Read More

Ride Your Calls – Here Comes the Market Breakout Posted by Pete Stolcers on July 24 www.oneoption.com The market is climbing a wall of worry. investors are focused on earnings and the announcements are ratcheting up. Almost 90% of companies that have reported so far have exceeded estimates. Potential trade wars and saber rattling with Iran have not deterred buyers. … Read More

Record Profits Hard To Resist – Market Breakout This Week Posted by Pete Stolcers on July 23 www.oneoption.com The market is compressing near its all-time high and trade war concerns are keeping a lid on it. Strong earnings will be too much to resist this week and I am expecting a breakout. Under allocated Asset Managers will scramble to buy … Read More

Strong Earnings Will Overpower Tariff Concerns – Use These Levels As Your Guide Posted by Pete Stolcers on July 20 www.oneoption.com Posted 9:30 AM ET – Yesterday the market pullback on a relatively soft round of earnings announcements. The QQQ and SPY are hovering around major technical support levels and the bid is being tested. Solid overnight earnings announcements are … Read More