Fewer Jobs – More Bad News Posted by Pete Stolcers on March 05 www.oneoption.com The bad news is mounting and the 200-day MA is within striking distance. PRE-OPEN MARKET COMMENTS WEDNESDAY – Now the selling pressure is becoming more sustained. The market is spending more time below the 100-day MA and it almost touched the 200-day MA yesterday. The negative … Read More

The 200-day MA Is In Sight Posted by Pete Stolcers on March 04 www.oneoption.com The selling pressure is increasing and the market has not been able to bounce. PRE-OPEN MARKET COMMENTS TUESDAY – The market shed 5% in a matter of days and buyers have rushed in to buy these dips in the last year. A bounce was likely and … Read More

Bounce… But Not Too High Posted by Pete Stolcers on March 03 www.oneoption.com The market is going to bounce from a deeply oversold condition. From a bearish standpoint, we want this bounce to hit heavy resistance around SPY $600. PRE-OPEN MARKET COMMENTS MONDAY – Last week the market breached the 100-day MA. After five days of heavy selling, it shed … Read More

There’s the Market Breakdown! Posted by Pete Stolcers on February 28 www.oneoption.com The warning signs have been building and sellers are taking control. PRE-OPEN MARKET COMMENTS FRIDAY – Since December you have been hearing me clamor about a global undertow that is making its way to the US. That message has been received and Asset Managers are reducing risk. Cash … Read More

Market Takes Another Body Blow Posted by Pete Stolcers on February 27 www.oneoption.com Yesterday we saw more signs of selling pressure. PRE-OPEN MARKET COMMENTS THURSDAY – After a few days of heavy selling and a 4% drop from the high, the market will bounce. Buyers have been conditioned to buy dips and the market is still in a long-term up … Read More

Watch For A Wimpy Bounce Posted by Pete Stolcers on February 26 www.oneoption.com The market found support at the 100-day MA. If the bounce is brief and shallow, get ready to buy puts. PRE-OPEN MARKET COMMENTS WEDNESDAY – The market dropped for three consecutive days and it lost 4% during that move. This is a warning sign and sellers are … Read More

A Short Is Setting Up Posted by Pete Stolcers on February 25 www.oneoption.com The bounce needs to be wimpy and we want to preserve most of the losses from Friday. PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday we expected a day of rest after a big sell off the previous day. Typically the market will bounce into the range from the … Read More

We Want A Wimpy Market Bounce Posted by Pete Stolcers on February 24 www.oneoption.com If the market can’t recover half of Friday’s losses in the next day or two, it will breach the 50-day MA and test the 100-day MA. PRE-OPEN MARKET COMMENTS MONDAY – The market has been in a trading range for the last few months and that … Read More

Waiting Is the Hardest Part Posted by Pete Stolcers on February 21 www.oneoption.com The market has been trapped in a range for over three months and there is no catalyst in sight. PRE-OPEN MARKET COMMENTS MONDAY – The market made a new all-time closing high on Wednesday and Thursday it gave all of those gains back. The market did find … Read More

That Didn’t Feel Like A New High Posted by Pete Stolcers on February 20 www.oneoption.com Yesterday the S&P 500 closed at a new all-time high on very light volume. PRE-OPEN MARKET COMMENTS THURSDAY – Sports teams don’t care if they win ugly, they just want to post a “W”. That’s how I feel about the market breakout to a new … Read More