Tax Cuts Getting Watered Down – Market Does Not Like It POSTED BY PETE STOLCERS ON NOVEMBER 10      Posted 9:30 AM ET – When bullish influences converge and the market fails to rally there is a problem. Earnings have been strong, economic releases have been solid and seasonal strength is at its best level of the year. The market … Read More

If You Followed My Advice You Took Profits – Cash Is King POSTED BY PETE STOLCERS ON NOVEMBER 9      Posted 9:30 AM ET – The market has been trapped in a tight range during a seasonally bullish period and that is a warning sign. All of the good news you could possibly ask for last week was not enough … Read More

Start Taking Profits On Calls Today – Market Did Not Rally On Good News POSTED BY PETE STOLCERS ON NOVEMBER 8      Posted 9:45 AM ET – The breakout and the follow-through we needed are not materializing. This is the most bullish seasonal period of the year and good news has not sparked a rally. Without tax cut approval the … Read More

SPY $260 Or Bust – My Calls Are On A Tight Leash – Raise Stops POSTED BY PETE STOLCERS ON NOVEMBER 7      Posted 10:00 AM ET – The market has all of the ammunition it needs to move higher. We are headed for a “news vacuum” and there aren’t any catalysts. The path of least resistance points upward, but … Read More

SPY $260 Or Bust – Market Needs To Rally Above This Level Now POSTED BY PETE STOLCERS ON NOVEMBER 6      Posted 9:30 AM ET – Last Friday the market poked through the all-time high. Economic numbers were good, earnings were solid, the FOMC statement was balanced and Republicans released their tax cut plan. This is the most bullish seasonal … Read More

Tax Deal Likely – Any Progress Will Fuel a Market Breakout POSTED BY PETE STOLCERS ON NOVEMBER 3  Posted 11:00 AM ET – Yesterday the market opened with a bang and then retreated. Of the last nine opening rallies eight have failed. This is not the bullish price action I have been looking for during the strongest two week period … Read More

Window For A Market Rally Is Closing – Reduce Risk Friday POSTED BY PETE STOLCERS ON NOVEMBER 2 Posted 10:00 AM ET – The theme this week has been “now or never”. Stocks have all of the good news they need to move higher and the rally needs to happen this week. If we do not get a breakout the … Read More

Market Breakout Is Happening – Ride Your Calls! POSTED BY PETE STOLCERS ON NOVEMBER 1      Posted 9:00 AM ET – This is where the rubber meets the road. Yesterday I mentioned that the market needs to breakout now or it will compress in a tight trading range the rest of the year. Strong earnings, good economic news and a … Read More

Market Breakout – Now or Never – This Week Will Set the Year-End Tone POSTED BY PETE STOLCERS ON OCTOBER 31   Posted 9:40 AM ET – If the market is going to breakout it needs to do so this week. The calendar is full and a catalyst needs to emerge. Strong earnings/guidance, a dovish FOMC statement or solid economic … Read More

This Market Rally Will Last Another Week – Then We Need Tax Cuts POSTED BY PETE STOLCERS ON OCTOBER 30      Posted 9:30 AM ET – Last week the market struggled to tread water during a heavy dose of earnings releases. Tech stocks were particularly weak and that changed Friday. Google, Microsoft, Intel and Amazon all rallied after posting good … Read More