The Rally Has Stalled Posted by Pete Stolcers on November 26 www.oneoption.com Since triple witching in September the market has not moved. PRE-OPEN MARKET COMMENTS WEDNESDAY – During the last quarter, two rate cuts and earnings releases have produced a 2% gain. Since the beginning of the year, the market is up 14% and those are excellent returns. Forward P/Es … Read More

Programs Are Driving the Action Posted by Pete Stolcers on November 25 www.oneoption.com The Gap Reversal Thursday has almost been reversed and the market is back to the 50-day MA. PRE-OPEN MARKET COMMENTS TUESDAY – The drop last week felt particularly nasty, but much of it was artificial. The gap reversal gained momentum and once it was established, programs kicked … Read More

Here’s What To Expect This Week Posted by Pete Stolcers on November 24 www.oneoption.com The holiday is likely to disrupt trading and the market will float back to the middle of the long red candle from Thursday. PRE-OPEN MARKET COMMENTS MONDAY – Last week was crazy and now the market will regroup as we head into the holiday. There are … Read More

The Next Market Move Posted by Pete Stolcers on November 21 www.oneoption.com Everyone is wondering if the market is going to bounce off of the 100-day MA or fall below it. PRE-OPEN MARKET COMMENTS FRIDAY – Yesterday the market gapped up through the 50-day MA on better than expected earnings from Nvdia. After an hour of trying to advance, the … Read More

Nvdia Sparks Market Rally Posted by Pete Stolcers on November 20 www.oneoption.com The market is back above the 50-day MA this morning and tech stocks are bouncing. PRE-OPEN MARKET COMMENTS THURSDAY – The price action since the Fed rate cut has been bearish and the market breached the 50-day MA this week. Nvidia posted solid growth numbers and the CEO … Read More

Nvidia After the Close Today Posted by Pete Stolcers on November 19 www.oneoption.com This tech giant will impact the overall market. PRE-OPEN MARKET COMMENTS WEDNESDAY – Yesterday the market inched closer to the 100-day MA. It looked poised to test it, but news that Saudi Arabia would invest $1T in the US stopped the bleeding and the market closed off … Read More

Rising Volatility Is A Warning! Posted by Pete Stolcers on November 18 www.oneoption.com Buyers and sellers are battling it out and we are seeing large swings. Tread cautiously. PRE-OPEN MARKET COMMENTS TUESDAY – A bullish scenario would have been a brief test of the 50-day MA and a bullish hammer off of it 10 days ago. We had that pattern … Read More

NVDA Releases Wed Posted by Pete Stolcers on November 17 www.oneoption.com The government shutdown has ended and the Sept jobs report will be released Thursday. PRE-OPEN MARKET COMMENTS MONDAY – Last week the market tested the 50-day MA for a second time in less than two weeks and it made a higher low. It closed above AVWAPQ and it is … Read More

Think Window Dressing Posted by Pete Stolcers on November 13 www.oneoption.com If you were an Asset Manager, which stocks would you want in your portfolio at year end? PRE-OPEN MARKET COMMENTS THURSDAY – The market dropped and bounced because of the shutdown and its end. Today Trump signed the funding bill that will reopen the government. This turmoil is not … Read More

Gradual Float Higher Likely Posted by Pete Stolcers on November 12 www.oneoption.com The government is likely to reopen this weekend. PRE-OPEN MARKET COMMENTS WEDNESDAY – In the last two week’s we’ve seen some nervous jitters due to the shutdown and a little profit taking after the Fed rate cut. This was just a normal dip in a bullish trend and … Read More