The First Shoe Is About To Drop Posted by Pete Stolcers on May 01 www.oneoption.com The strength of this market bounce was not unexpected. Tough sledding from here out. PRE-OPEN MARKET COMMENTS THURSDAY – The market has rebounded nicely and it has broken above major resistance at SPY $550. The S&P 500 has rallied 200 points in the last 24 … Read More

Economic Activity Is Slowing Posted by Pete Stolcers on April 30 www.oneoption.com The first reading for Q1 GDP was weaker than expected. PRE-OPEN MARKET COMMENTS WEDNESDAY – This morning we learned that Q1 GDP was -.3% (.4% growth expected) and projected prices increased 3.7% (3.1% expected). We have weaker growth and hotter than expected inflation. That is not a good … Read More

The Start of a Busy News Cycle Posted by Pete Stolcers on April 29 www.oneoption.com Earnings releases and major economic reports are pending. PRE-OPEN MARKET COMMENTS TUESDAY – This is the calm before the storm. Yesterday buyers and sellers were engaged and we saw nice two-sided movement during the day. I am expecting the same today, but the range might … Read More

Let It Run Posted by Pete Stolcers on April 28 www.oneoption.com The market has bounced to a level where we should start seeing signs of resistance. PRE-OPEN MARKET COMMENTS MONDAY – The market dropped 20% from its high and it bounced off of that low the last two weeks. The drop was not a mistake and there are macro issues. … Read More

So Far… So Good Posted by Pete Stolcers on April 25 www.oneoption.com Mega cap tech reactions have been good to this point. Earnings season will crank up next week. PRE-OPEN MARKET COMMENTS FRIDAY – The news cycle is fluid and the market is reacting to tariffs and potential trade deals. Without any specifics, this price movement is noise. Next week … Read More

Watch For a Dull Start Today Posted by Pete Stolcers on April 24 www.oneoption.com The market is going to open flat and there is major news pending. PRE-OPEN MARKET COMMENTS THURSDAY – The tariff news is starting to settle down. Trump has softened the tone and trade deals are pending. Google will post results after the close today and the … Read More

This Is A Bounce… It Is Only A Bounce Posted by Pete Stolcers on April 23 www.oneoption.com One day the news is good… the next day it’s bad. We will have clarity in the next two weeks. PRE-OPEN MARKET COMMENTS WEDNESDAY – Two days ago it felt like the world was falling apart. The market tanked and Trump was going … Read More

Most Likely Scenario Today Posted by Pete Stolcers on April 22 www.oneoption.com The market is going to wait for major news during the next 10 days. PRE-OPEN MARKET COMMENTS TUESDAY – I sense some frustration on the part of traders. The market has been volatile within a very wide range and many of you feel like you missed a great … Read More

Reaction To Rhetoric and Not Substance Posted by Pete Stolcers on April 21 www.oneoption.com The market hates uncertainty and there’s plenty of it right now. PRE-OPEN MARKET COMMENTS MONDAY – The tariffs, Trump’s comments about Powell and earnings season and upcoming economic releases are making investors nervous. There isn’t any evidence that any of this is going to implode, but … Read More

Is the ECB Rate Cut Good? Posted by Pete Stolcers on April 17 www.oneoption.com The market is addicted to easy money, but there’s a reason the central bank is easing. PRE-OPEN MARKET COMMENTS THURSDAY – This morning the ECB cut interest rates by 25 basis points and that was widely expected (94% odds). They are worried about economic growth prospects … Read More