Daily Commentary: April 26, 2024

Auto Post1Option Commentary

Earnings vs Economic Releases Posted by Pete Stolcers on April 26 www.oneoption.com This week earnings releases and economic releases are creating some volatility. PRE-OPEN MARKET COMMENTS FRIDAY – This is a big news week and there are plenty of market drivers. Mega cap tech earnings are being released along with major economic releases. This will continue next week as well. … Read More

Daily Commentary: April 25, 2024

Auto Post1Option Commentary

The First Crack In the Dam Posted by Pete Stolcers on April 25 www.oneoption.com The first look at Q1 GDP was not what we wanted. Economic growth is slowing. PRE-OPEN MARKET COMMENTS THURSDAY – I have been looking for a market bounce from this level. We have starter long positions and we have been waiting for technical confirmation before we … Read More

Daily Commentary: April 24, 2024

Auto Post1Option Commentary

Earnings Season In Full Bloom Posted by Pete Stolcers on April 24 www.oneoption.com Earnings season is kicking into high gear and we will start hearing from mega cap tech companies. PRE-OPEN MARKET COMMENTS WEDNESDAY – I’ve been telling you to watch for a market bounce this week and to take gains on any shorts. We are getting it right now … Read More

Daily Commentary: April 23, 2024

Auto Post1Option Commentary

Take Starter Longs Posted by Pete Stolcers on April 23 www.oneoption.com Yesterday the market showed its first sign of life. It is opening above SPY $500.50 this morning and I would feel comfortable taking starter long positions today. PRE-OPEN MARKET COMMENTS TUESDAY – I need to start off with and important note. There is no reason to buy the open. … Read More

Daily Commentary: April 22, 2024

Auto Post1Option Commentary

Don’t Trust Gaps Up Posted by Pete Stolcers on April 22 www.oneoption.com The market will find support and it will bounce, but we need to make a higher low. PRE-OPEN MARKET COMMENTS MONDAY – During the last week we witnessed persistent selling pressure. This move is fairly deep and the drop has been steady. Buyers have not shown any interest … Read More

Daily Commentary: April 19, 2024

Auto Post1Option Commentary

Still Waiting For Support Posted by Pete Stolcers on April 19 www.oneoption.com The depth and speed of this drop suggests a fair amount of selling pressure. We have to wait for a selling climax. Here’s what I am watching. PRE-OPEN MARKET COMMENTS FRIDAY – The market has been able to hold the losses from the long red candles. Typically on … Read More

Daily Commentary: April 18, 2024

Auto Post1Option Commentary

Wait For Support and Trade the Bounce Posted by Pete Stolcers on April 18 www.oneoption.com I would be taking gains on shorts if you see the pattern below. PRE-OPEN MARKET COMMENTS THURSDAY – There are so many people who want to “help” me. Apparently, I am not aware of all of the negative market influences and they feel the need … Read More

Daily Commentary: April 17, 2024

Auto Post1Option Commentary

The Market Will Bounce Posted by Pete Stolcers on April 17 www.oneoption.com Some traders are positioned for a big move lower. That is a mistake. PRE-OPEN MARKET COMMENTS WEDNESDAY – This is a time for evaluation. I have been stressing this for the last 10 days. The market was going to probe for support. I was fairly certain of that … Read More

Daily Commentary: April 16, 2024

Auto Post1Option Commentary

Don’t Get Locked In – Be Patient Posted by Pete Stolcers on April 16 www.oneoption.com This dip is going to provide us with valuable information. Stay flexible and monitor the price action. PRE-OPEN MARKET COMMENTS TUESDAY – I’m going to keep this brief because I don’t want my message to get lost. We have been waiting for a dip. Asset … Read More

Daily Commentary: April 15, 2024

Auto Post1Option Commentary

Selling Pressure Will Abate Posted by Pete Stolcers on April 15 www.oneoption.com I believe we will see more selling pressure this week. The move lower will be stubborn with mixed overlapping candles. Trade both sides and look for good intraday ranges. PRE-OPEN MARKET COMMENTS MONDAY – The selling pressure last week tells me that buyers are relatively passive. They have … Read More