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

A Short Is Setting Up Posted by Pete Stolcers on April 16 www.oneoption.com The market bounce is starting to stall below a major resistance level. PRE-OPEN MARKET COMMENTS WEDNESDAY – The market bounce was substantial and the high from a week ago has established a short term high. SPY $550 is a horizontal resistance level and the market is treading … Read More

Fade the First Move If You See This Posted by Pete Stolcers on April 15 www.oneoption.com Buyers and sellers are paired off and the first move is often wimpy. That sets up a decent second move each day. PRE-OPEN MARKET COMMENTS TUESDAY – The tariff news is driving the market and we can have new developments at any time. The … Read More

Tariffs Are Driving the Market Posted by Pete Stolcers on April 14 www.oneoption.com The news is fluid and the market is reacting to every release. PRE-OPEN MARKET COMMENTS MONDAY – The market cares more about the latest tariff news than it does anything else. Each country will go through its own negotiations and trade restrictions will also be addressed. I … Read More

News Is Driving the Action Posted by Pete Stolcers on April 11 www.oneoption.com The market is focusing on the tariff announcements and that news is fluid. PRE-OPEN MARKET COMMENTS FRIDAY – The focus has completely shifted from economic releases to tariffs. The market has been in a flux this week and that will continue today. The tariffs were imposed and … Read More

The Most Likely Pattern Today Posted by Pete Stolcers on April 10 www.oneoption.com I’ve only seen a couple of rallies like that during my career. PRE-OPEN MARKET COMMENTS THURSDAY – The table was set for a massive bounce and I have been warning you about it the last few days. The speed and magnitude of the recent drop was excessive … Read More

Here’s What the Market Will Do Posted by Pete Stolcers on April 09 www.oneoption.com It will go up and down violently. PRE-OPEN MARKET COMMENTS WEDNESDAY – During times of uncertainty you have to trim your size and your trade count. The market is news driven and the news is fluid. One minute it could be good and the next minute … Read More

Snap Back Rally Posted by Pete Stolcers on April 08 www.oneoption.com The market over-reacted to the tariffs and this is the bounce we expected. PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday the SPY tested $480 and it bounced. That was a resistance level and you can see it on a monthly chart. That has now become a support level and sellers … Read More

Waiting For That Capitulation Posted by Pete Stolcers on April 07 www.oneoption.com This market drop is severe and we are going to see a bounce. PRE-OPEN MARKET COMMENTS MONDAY – I believe that this market decline is mechanical. Funds are adjusting their risk exposure and after a move of this magnitude, quant models are all out of whack. Rising margin … Read More