Fed-Day Reaction Might Be Small Posted by Pete Stolcers on May 07 www.oneoption.com The market is not expecting a rate cut today so we are likely to hear the same rhetoric. PRE-OPEN MARKET COMMENTS FED-DAY – The market staged a nice bounce from deeply oversold conditions a few weeks ago, but the upward momentum has stalled below major resistance. The … Read More

Signs of Resistance Posted by Pete Stolcers on May 06 www.oneoption.com The market has bounced to a key resistance level and I will be watching for signs of strain. PRE-OPEN MARKET COMMENTS TUESDAY – The market bounced from deeply oversold conditions the last two weeks and it has reached a critical price point at the 200-day MA. The decline this … Read More

Wait and Watch Posted by Pete Stolcers on May 05 www.oneoption.com The market has bounced from its low to major resistance areas. Let’s see if they hold. PRE-OPEN MARKET COMMENTS MONDAY – In the last two weeks earnings reactions and better than feared economic releases have fueled the market bounce. Tariffs have not impacted Q1 earnings because the 10% baseline … Read More

Employment Remains Strong Posted by Pete Stolcers on May 02 www.oneoption.com This morning the jobs report reported that 177K new jobs were created in April and that was better than expected. PRE-OPEN MARKET COMMENTS FRIDAY – Overnight we got two major earnings announcements, a sign that China might be ready to negotiate a trade deal and a better than expected … Read More

The First Shoe Is About To Drop Posted by Pete Stolcers on May 01 www.oneoption.com The strength of this market bounce was not unexpected. Tough sledding from here out. PRE-OPEN MARKET COMMENTS THURSDAY – The market has rebounded nicely and it has broken above major resistance at SPY $550. The S&P 500 has rallied 200 points in the last 24 … Read More

Economic Activity Is Slowing Posted by Pete Stolcers on April 30 www.oneoption.com The first reading for Q1 GDP was weaker than expected. PRE-OPEN MARKET COMMENTS WEDNESDAY – This morning we learned that Q1 GDP was -.3% (.4% growth expected) and projected prices increased 3.7% (3.1% expected). We have weaker growth and hotter than expected inflation. That is not a good … Read More

The Start of a Busy News Cycle Posted by Pete Stolcers on April 29 www.oneoption.com Earnings releases and major economic reports are pending. PRE-OPEN MARKET COMMENTS TUESDAY – This is the calm before the storm. Yesterday buyers and sellers were engaged and we saw nice two-sided movement during the day. I am expecting the same today, but the range might … Read More

Let It Run Posted by Pete Stolcers on April 28 www.oneoption.com The market has bounced to a level where we should start seeing signs of resistance. PRE-OPEN MARKET COMMENTS MONDAY – The market dropped 20% from its high and it bounced off of that low the last two weeks. The drop was not a mistake and there are macro issues. … Read More

So Far… So Good Posted by Pete Stolcers on April 25 www.oneoption.com Mega cap tech reactions have been good to this point. Earnings season will crank up next week. PRE-OPEN MARKET COMMENTS FRIDAY – The news cycle is fluid and the market is reacting to tariffs and potential trade deals. Without any specifics, this price movement is noise. Next week … Read More

Watch For a Dull Start Today Posted by Pete Stolcers on April 24 www.oneoption.com The market is going to open flat and there is major news pending. PRE-OPEN MARKET COMMENTS THURSDAY – The tariff news is starting to settle down. Trump has softened the tone and trade deals are pending. Google will post results after the close today and the … Read More