ISM Services After the Open Posted by Pete Stolcers on January 07 www.oneoption.com The market is trying to bounce off of support. PRE-OPEN MARKET COMMENTS TUESDAY – The market was able to rally above the 50-day MA yesterday on light volume. In my opinion, that was not a strong show of force by buyers. The M5 candles on the way … Read More

Market Bounce Ahead of News Posted by Pete Stolcers on January 06 www.oneoption.com This morning the market is staging a nice bounce above the 50-day MA. PRE-OPEN MARKET COMMENTS MONDAY – This morning the S&P 500 is surging 45 points higher. It found support last week and it tested that level a second time at SPY $580. There hasn’t been … Read More

Market Likely To Test 100-day MA Posted by Pete Stolcers on January 03 www.oneoption.com The S&P 500 has had four consecutive lower closes. PRE-OPEN MARKET COMMENTS FRIDAY – In the last few days, the market has not been able to challenge the 50-day MA or AVWAPQ. It is getting comfortable below those support levels and the longer it stays below … Read More

A Fresh New Start Posted by Pete Stolcers on January 02 www.oneoption.com Be patient and wait for your set-ups. Build on your success. PRE-OPEN MARKET COMMENTS THURSDAY – The first trading day of the year is going to start off with a bang and the futures are up. Be patient and make the first trade of the year a winner. … Read More

Fasten Your Seat Belts In 2025 Posted by Pete Stolcers on December 31 www.oneoption.com Prepare for a bumpy ride. PRE-OPEN MARKET COMMENTS THE LAST DAY OF THE YEAR – The last year has been great for us. We were as bullish as we could be a year ago and we rode this move hard. We took massive gains during the … Read More

Selling Into Year End Posted by Pete Stolcers on December 30 www.oneoption.com This is why we are in cash. It’s a time for observation. PRE-OPEN MARKET COMMENTS MONDAY – I’ve been vocal about getting to the sidelines while the market bid is still strong into year end. I am bearish and I am evaluating the price action. I can’t aggressively … Read More

Cash Is King! I Don’t Like What I See Posted by Pete Stolcers on December 27 www.oneoption.com The fundamental backdrop is deteriorating. PRE-OPEN MARKET COMMENTS FRIDAY – I don’t like what I see and I feel a considerable drop is coming. My biggest concern is a credit crisis that starts in China. It’s been smoldering for years and it is … Read More

Portfolio Mark-up Posted by Pete Stolcers on December 26 www.oneoption.com Asset Managers get paid based on a percentage of assets under management. PRE-OPEN MARKET COMMENTS THURSDAY – There’s a reason stocks rally into year end. There is disincentive for Asset Managers to sell. They get paid based on the percentage of assets under management. When the portfolio is worth more, … Read More

Thank You Santa! Posted by Pete Stolcers on December 24 www.oneoption.com You listened to us last year. PRE-OPEN MARKET COMMENTS CHRISTMAS EVE – A year ago the market was recovering from a nasty round of Fed rate hikes and the recession everyone was fearing never came. The SPY rallied 21% during the last 12 months and that is nearly double … Read More

Keep Your Trading Light Posted by Pete Stolcers on December 23 www.oneoption.com The volume will be low and the ranges will be compressed. PRE-OPEN MARKET COMMENTS MONDAY – Overseas markets were very quiet and the action will be light this week. If you force trades you will regret it. This is a time to lay low and to enjoy your … Read More