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

Resistance At All-time High Posted by Pete Stolcers on February 19 www.oneoption.com The market made a new all-time, but there was no follow through. PRE-OPEN MARKET COMMENTS WEDNESDAY – The market deflected bearish news last week (CPI, PPI and Retail Sales) and it made a new all-time high yesterday. The volume was light and that is a sign that buyers … Read More

Market Makes New All-time High Posted by Pete Stolcers on February 18 www.oneoption.com During overnight trading, the market has broken through the previous high. PRE-OPEN MARKET COMMENTS TUESDAY – Last week the SPY deflected two “hot” inflation readings (CPI and PPI) and a very weak Retail Sales number (-.9%). The combination reveals the battle ahead. One of the Fed’s primary … Read More

Buyers Don’t Care Posted by Pete Stolcers on February 14 www.oneoption.com The market has been able to deflect bad news and it is within striking distance of the all-time high. PRE-OPEN MARKET COMMENTS FRIDAY – This week the market has been able to fend off bad news. The drop from a hotter than expected CPI was snapped up Wednesday. Yesterday’s … Read More

Inflation Will Weigh On the Market Posted by Pete Stolcers on February 13 www.oneoption.com The CPI and PPI came in “hotter” than expected. PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday we learned that the CPI rose by .5% (.3% expected) and this morning we learned that PPI increased .4% (.3% expected). We also learned that PPI was revised upward to .5% … Read More

Inflation Is In Focus Posted by Pete Stolcers on February 12 www.oneoption.com This morning the CPI will be released and it is the big news event for the week. PRE-OPEN MARKET COMMENTS WEDNESDAY – A major news cycle passed us by and it didn’t produce a market breakout or a breakdown. Earnings, economic releases and the FOMC Statement were in … Read More

Surprise Favors the Downside Posted by Pete Stolcers on February 11 www.oneoption.com Tomorrow the CPI will be released and a “hot” number would spark selling. PRE-OPEN MARKET COMMENTS TUESDAY – There wasn’t any significant overnight news to justify the gap down. Overseas markets were up or down marginally. The market has been trapped in a horizontal trading range and it … Read More

The Waiting Game Posted by Pete Stolcers on February 10 www.oneoption.com The market has been trapped in a horizontal trading range for the last few months and a nice news cycle just passed us by. PRE-OPEN MARKET COMMENTS MONDAY – In the last few weeks we’ve had the FOMC statement, mega cap tech earnings, tariffs and major economic releases hitting … Read More

Market Yawns After Jobs Report Posted by Pete Stolcers on February 07 www.oneoption.com The market is going to stay in the range and wait for the next catalyst. PRE-OPEN MARKET COMMENTS FRIDAY – The market has been trading in a horizontal range and a very large news cycle just passed without incident. This will embolden buyers. The jobs report came … Read More

What To Expect From the Jobs Report Posted by Pete Stolcers on February 06 www.oneoption.com This major economic release often moves the market. PRE-OPEN MARKET COMMENTS THURSDAY – The market is searching for a catalyst and it has been trapped in a trading range for the last month. In the last week we’ve had mega cap tech earnings, an FOMC … Read More