Market Wants To Move Higher – Watch This Level On the QQQ – Use Stops POSTED BY PETE STOLCERS ON MAY 9 www.oneoption.com  Yesterday the market shouldered a negative news event and stocks are up before the open this morning. The US pulled out of the Iran nuclear agreement and this could have sparked selling. The bullish reaction tells me … Read More

Trump Will Pull Out From Iran Nuke Deal – Brief Market Impact POSTED BY PETE STOLCERS ON MAY 8 www.oneoption.com Yesterday the S&P 500 treaded water right in the middle of its range between the 100-day and the 200-day moving averages. The volatility is starting to settle down and some of the threats to this rally are being resolved. This … Read More

We Bought QQQ Friday – Use This Level As Your Stop POSTED BY PETE STOLCERS ON MAY 7 www.oneoption.com Last week the market tested the 200-day moving average and support held. The SPY has been making a series of lower highs and a descending triangle pattern is formed. This is bearish from a technical perspective and a breach of horizontal … Read More

Market Could Go Either Way – Here’s How I Am Swing Trading It POSTED BY PETE STOLCERS ON MAY 4 www.oneoption.com Posted 10:00 AM ET – The market is fighting tooth and nail to hang onto major support. The S&P 500 rests just above the 200-day moving average and this support level is being tested with greater frequency. We have … Read More

Stay Long – Focus Is On Profits – Use This SPY Level As Your Stop POSTED BY PETE STOLCERS ON APRIL 18 www.oneoption.com Yesterday the market gapped above its 50-Day MA and the SPY pushed through the 100-day moving average. Buyers are focused on earnings and political headlines have subsided temporarily. We’ve seen very heavy selling the last two months … Read More

Market Will Focus On Profits – Political Noise Will Subside Through April – Stay Long and Use Stops POSTED BY PETE STOLCERS ON APRIL 17 www.oneoption.com Yesterday the market gapped higher and it was able to hold the gains. Many of these moves have been faded recently and nasty reversals have resulted. I viewed the price action Monday as constructive. … Read More

Appetite For Stocks Is Low – Earnings Not Producing the Expected Bounce POSTED BY PETE STOLCERS ON APRIL 16 www.oneoption.com  The market is compressing above the 200-day moving average and earnings season is helping it tread water. Buyers are not rushing in as they typically do ahead of the announcement cycle. Political news is driving the day-to-day action. Friday stocks … Read More

Big Banks Post Great Profits – Earnings Bounce Is Starting – Ride These ETFs POSTED BY PETE STOLCERS ON APRIL 13 www.oneoption.com The market has been able to find support above the 200-day moving average. Earnings season has started and profits will calm nerves. Banks posted solid results and the S&P 500 is up 15 points before the open. Chase, … Read More

Profit Growth of 18% Will Attract Buyers – Buy These 2 ETFs POSTED BY PETE STOLCERS ON APRIL 12 www.oneoption.com The market is compressing above the 200-day moving average and it has been able to shoulder negative news. The US and China were exchanging tariff threats a week ago and support held. News of Syrian airstrikes did not rattle investors … Read More

Air Strikes In Syria Not A Concern – Market Will Recover Quickly Today POSTED BY PETE STOLCERS ON APRIL 11 www.oneoption.com Yesterday stocks rallied, but the action was very tenuous. Without question there are buyers and sellers. On every rip we would see a quick retreat and on every dip we would see support. The futures are down overnight on … Read More