Capitulation Low Pending Posted by Pete Stolcers on April 04 www.oneoption.com I am bearish long term, but this rubber band is stretched too far. PRE-OPEN MARKET COMMENTS FRIDAY – The market takes the elevator down and we are seeing that this week. During a trend reversal the early stages of that transition are very choppy and there is plenty of … Read More

Tariffs Are Not the Only Problem Posted by Pete Stolcers on April 03 www.oneoption.com Global markets are down 2% overnight after the new tariff plan was announced. PRE-OPEN MARKET COMMENTS THURSDAY – Trump has been talking about tariffs for the last year. “Tariffs are my favorite word.” No one thought he would follow through with his plan and they thought … Read More

Tariffs Are Only Part of the Problem Posted by Pete Stolcers on April 02 www.oneoption.com The market is nervous that trade wars could erupt. PRE-OPEN MARKET COMMENTS WEDNESDAY – Today President Trump will reveal his tariff plan and the market hates uncertainty. This news it not a surprise and it has been widely broadcasted by Trump even before he was … Read More

Big News Pending Posted by Pete Stolcers on April 01 www.oneoption.com The market is likely to wait for the overnight news so we can expect a dull choppy day. PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday the market gapped down to horizontal support from two weeks ago and it bounced. We did not want to chase that early drop and it … Read More

Market Testing the Low For March Posted by Pete Stolcers on March 31 www.oneoption.com After a brief and wimpy bounce, sellers have returned. PRE-OPEN MARKET COMMENTS – I am going to keep my comments brief since I recorded a video yesterday. Sellers are in control and the market is testing horizontal support from two weeks ago. The Trump tariffs will … Read More

Give Me Your Best Shot Posted by Pete Stolcers on March 26 www.oneoption.com We’ve been expecting a bounce and we got one. PRE-OPEN MARKET COMMENTS WEDNESDAY – What’s real and what’s fake? Was the rally last year real and was the drop this year fake? Was the drop this year real and was this bounce fake? This is the constant … Read More

What This Bounce Will Tell Us Posted by Pete Stolcers on March 25 www.oneoption.com We finally got the market bounce. It is going to provide valuable information and here’s what I’ll be watching. PRE-OPEN MARKET COMMENTS TUESDAY – The market shot higher yesterday on relatively light volume and it closed right at the 200-day MA. This was a gap and … Read More

The 200-day MA Is In Play Posted by Pete Stolcers on March 24 www.oneoption.com This morning the market is going to test a major moving average and we will be able to gauge the selling pressure. PRE-OPEN MARKET COMMENTARY MONDAY – If you believe that the market sell off was primarily caused by the threat of tariffs, you will rejoice … Read More

Get Ready For the Next Drop Posted by Pete Stolcers on March 21 www.oneoption.com The Fed did nothing to excite buyers. PRE-OPEN MARKET COMMENTS FRIDAY – The Fed had softening labor conditions and easing inflation to support a “dovish” policy, but they didn’t budge. According to Powell, they are “happy” with the current policy. They lowered GDP growth projections for … Read More

Don’t Trust the Fed Bounce Posted by Pete Stolcers on March 20 www.oneoption.com The bounce after the FOMC Statement was mechanical. PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday the Fed lowered their economic forecast for the year and they raised their inflation expectations. They said that uncertainty is elevated and they feel comfortable with their current policy. After a 10% correction … Read More