A SPLIT CONGRESS WOULD BE MARKET NEUTRAL – FOMC WILL BE CRITICAL THURSDAY Posted by Pete Stolcers on November 06 www.oneoption.com Posted 9:30 AM ET – This is the moment we’ve been waiting for. Today voters will decide if Trump’s agenda is working for them. A split decision where Democrats win the House and Republicans maintain the Senate would be … Read More

Here’s the Most Bullish Scenario – Wait For Clarity Thursday Posted by Pete Stolcers on November 05 www.oneoption.com Posted 9:30 AM ET – A week ago the bottom fell out of the market and a support level was established at SPY $262.30. Stocks bounced off of that low, but we are not off to the races. Soft guidance from Apple … Read More

MARKET WANTS TO BOUNCE – WAIT FOR CLARITY NEXT WEDNESDAY Posted by Pete Stolcers on November 02 www.oneoption.com Posted 9:30 AM ET – Yesterday the market finally survived the last hour of trading. Stocks closed on their high of the day and the long-awaited bounce could be starting. We still need to get through the FOMC and the elections next … Read More

THESE ARE BEARISH SIGNS FOR THE MARKET – MY BIAS HAS SOURED Posted by Pete Stolcers on November 01www.oneoption.com Posted 9:30 AM ET – Yesterday the market staged an impressive rally and I thought that we might finally break the cycle of weakness in the last hour of trading. The S&P 500 was up over 50 points and it gave … Read More

RELIEF RALLY WILL BE TENUOUS – STAY IN CASH FOR 1 MORE WEEK Posted by Pete Stolcers on October 31 www.oneoption.com Posted 9:30 AM ET – Yesterday the price action was extremely choppy with 20 point S&P moves in both directions. The final move was to the upside and this is the first decent close we’ve had in weeks. This … Read More

WEDNESDAY NOV 7 WILL BE A CRITICAL DAY FOR THE MARKET – CASH IS KING Posted by Pete Stolcers on October 30 www.oneoption.com Posted 9:30 AM ET – Yesterday we saw another opening gap higher and another fade. Stocks have been in a bearish pattern of higher opens and lower closes. This will be a busy week of economic releases … Read More

BUYERS WILL WAIT FOR THE ELECTION RESULTS – A GOP WIN WOULD SPARK A BOUNCE Posted by Pete Stolcers on October 29 www.oneoption.com Posted 9:30 AM ET – This morning the S&P 500 is up 30 points. These opening rallies feel great until they reverse late in the day. We have seen a bearish pattern of higher opens and lower … Read More

Market Needs 2 of These 3 Things For A Sustained Bounce Posted by Pete Stolcers on October 26 www.oneoption.com Posted 9:30 AM ET – The market cares about three things and it will not rally until we get positive developments from at least two of them. Solid earnings are not attracting buyers and the S&P 500 is going to test … Read More

MARKET IS DAMAGED – YEAR END RALLY HAS TURNED INTO YEAR END BOUNCE Posted by Pete Stolcers on October 25 www.oneoption.com Posted 9:30 AM ET – Yesterday stocks plunged again and the longer-term technical picture is changing. Trade deals with China and the EU are unlikely, the Fed has been steadfast in raising rates, credit concerns are bubbling up and … Read More

MARKET SUPPORT ESTABLISHED – SET YOUR PROFIT TARGET AT THIS LEVEL Posted by Pete Stolcers on October 24 www.oneoption.com Posted 9:30 AM ET – Yesterday the market tanked on the open and major horizontal support was tested at SPY $268. The low was established early in the day and the S&P 500 briefly recaptured all of the losses. This is … Read More