Daily Commentary: September 11, 2023

Auto Post1Option Commentary

Look For A Bullish Day On 9/11 Posted by Peter Stolcers on September 11 www.oneoption.com We will never forget!! PRE-OPEN MARKET COMMENTS MONDAY – This morning the S&P 500 is up over 20 S&P 500 points and it will breach the 50-day MA. The market has been very choppy and this price level has been a magnet. This is a … Read More

Daily Commentary: September 08, 2023

Auto Post1Option Commentary

These Are the Key Market Levels. Posted by Peter Stolcers on September 08 www.oneoption.com We need to get through them early on heavy volume and that is unlikely. This is setting up to be a dull day. PRE-OPEN MARKET COMMENTS FRIDAY – You can interpret the headlines anyway you want. Good news is bad news or bad news is good … Read More

Daily Commentary: September 07, 2023

Auto Post1Option Commentary

This Is A Bearish Market Pattern Posted by Peter Stolcers on September 07 www.oneoption.com We have a lower high double top and the SPY is back below key support at $445. PRE-OPEN MARKET COMMENTS THURSDAY – You can interpret the headlines anyway you want. Good news is bad news or bad news is good news. The fact remains that buyers … Read More

Daily Commentary: September 06, 2023

Auto Post1Option Commentary

Important Economic Release After the Open Posted by Peter Stolcers on September 06 www.oneoption.com Over 80% of our economic activity is tied to the services sector. A weak number could spark more selling and it will be released 30 minutes after the open. PRE-OPEN MARKET COMMENTS WEDNESDAY – There was not a lot of news overnight. Services PMIs were a … Read More

Daily Commentary: September 05, 2023

Auto Post1Option Commentary

Bad New Is Bad News? Posted by Peter Stolcers on September 05 www.oneoption.com The reaction to the jobs report Friday could be a sign that investors are worried about a recession. PRE-OPEN MARKET COMMENTS TUESDAY – Last Friday the market got a “Goldilocks” jobs report. It was “not too hot and not too cold” and hourly wages dropped to .2% … Read More

Daily Commentary: September 01, 2023

Auto Post1Option Commentary

Jobs Report Was Good – Don’t Chase Posted by Peter Stolcers on September 01 www.oneoption.com This was a great number, but the market has had big gains this week. Be patient. PRE-OPEN MARKET COMMENTS FRIDAY – This morning the jobs report showed that 185K new jobs were created in August and that was a perfect number. Not too hot and … Read More

Daily Commentary: August 31, 2023

Auto Post1Option Commentary

Major Economic Releases Friday Posted by Peter Stolcers on August 31 www.oneoption.com Here is the trading game plan today. PRE-OPEN MARKET COMMENTS THURSDAY – This week the market rallied through the 50-day MA, the downward sloping trendline that started in August and above horizontal resistance at the AWWAPQ. This was a key technical resistance level and that bodes well for … Read More

Daily Commentary: August 30, 2023

Auto Post1Option Commentary

Market Breakout – Watch For This Pattern Posted by Peter Stolcers on August 30 www.oneoption.com The technicals look good for a bounce, but don’t expect a run away rally. PRE-OPEN MARKET COMMENTS WEDNESDAY – Yesterday the market rallied through the 50-day MA, the downward sloping trendline that started in August and above horizontal resistance at the AWWAPQ. This was a … Read More

Daily Commentary: August 28, 2023

Auto Post1Option Commentary

Sellers Dropped the Ball Friday Posted by Peter Stolcers on August 28 www.oneoption.com Sellers were able to reversed the gains from Wednesday, but we needed follow through selling Friday. This was a missed opportunity and it is a sign that buyers are interested at this level. PRE-OPEN MARKET COMMENTS MONDAY – The market is happy right at this level. Buyers … Read More

Daily Commentary: August 25, 2023

Auto Post1Option Commentary

How To Trade Powell’s Speech Today Posted by Peter Stolcers on August 25 www.oneoption.com The market is searching for news to trade off of and this speech is important. PRE-OPEN MARKET COMMENTS FRIDAY – Yesterday the market gapped higher after Nvdia posted excellent earnings. The SPY gapped above a key resistance level at $445 and the table was set for … Read More