Watch For This Pattern Posted by Pete Stolcers on November 03 www.oneoption.com Last week the market had a heavy dose of news and it is still digesting it. PRE-OPEN MARKET COMMENTS MONDAY – A week ago the market shot higher in anticipation of good news from the Fed and mega cap tech stocks. It got what it wanted and those … Read More

Full Steam Ahead Posted by Pete Stolcers on October 31 www.oneoption.com Earnings and interest rates drive the market and the news this week has been excellent. PRE-OPEN MARKET COMMENTS FRIDAY – This week the Fed cut interest rates and we could see another rate cut in December. They ended quantitative tightening and that is another form of easing. Mega cap … Read More

Rate Cut and Good Earnings Posted by Pete Stolcers on October 30 www.oneoption.com Yesterday the market got the rate cut it expected and mega cap tech stocks reactions were good. PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday the Fed cut interest rates by 25 basis points and they are ending quantitative tightening (QT) which is another form of easing. Powell said … Read More

A 25 Basis Point Rate Cut Is Expected Posted by Pete Stolcers on October 29 www.oneoption.com Today the Fed is expected to cut rates and they might signal another rate cut this year. PRE-OPEN MARKET COMMENTS FED-DAY – Earnings and interest rates drive the market and today we are going to get a heavy dose of both. The Fed is … Read More

ADP Reports Solid Job Growth Posted by Pete Stolcers on October 28 www.oneoption.com The government shut down has left us in the dark when it comes to employment. Job growth is not as bad as feared. PRE-OPEN MARKET COMMENTS TUESDAY – The big overnight report was a preliminary reading from ADP. They process paychecks for small and medium sized businesses … Read More

Second Consecutive Gap Up Posted by Pete Stolcers on October 27 www.oneoption.com The S&P 500 has rallied 100 points in two sessions. Here’s what I expect today. PRE-OPEN MARKET COMMENTS MONDAY – Earnings and interest rates drive the market and we are going to get a heavy dose of both this week. MSFT, META and GOOG will report this week … Read More

Chinese Trade Talks Progressing Posted by Pete Stolcers on October 24 www.oneoption.com The market is making a new all-time high this morning. PRE-OPEN MARKET COMMENTS FRIDAY – The market has been trapped in the October 10th range for two weeks and that sell-off was triggered by a breakdown in trade negotiations between China and the US. Today, everyone is playing … Read More

No Earnings Impact Posted by Pete Stolcers on October 23 www.oneoption.com The initial round of earnings have not moved the needle. PRE-OPEN MARKET COMMENTS THURSDAY – Monday the market shot higher and that move lasted two hours. It was not able to advance Tuesday and profit taking drove the market right back down to where it started the week. What … Read More

Earnings and Interest Rates Posted by Pete Stolcers on October 22 www.oneoption.com These have been the two driving market forces for decades and we will get a heavy dose of both in the next week. PRE-OPEN MARKET COMMENTS WEDNESDAY – The market has been inching closer to the all-time high each day and earnings season is starting to unfold. In … Read More

Overnight Earnings Were Good Posted by Pete Stolcers on October 21 www.oneoption.com This week we will hear from many sectors and that will provide us with clarity. PRE-OPEN MARKET COMMENTS TUESDAY – The big tariff related market drop from two weeks ago is gradually being reversed. Scott Bessant is going to meet with his Chinese counterpart in Malaysia to continue … Read More