Better Than Feared Posted by Pete Stolcers on June 09 www.oneoption.com The recent market momentum will continue during a light news cycle. PRE-OPEN MARKET COMMENTS MONDAY – Last week the jobs report came in better than feared and the S&P 500 rallied on the news. The downward revisions the prior two months (95K) were discounted and the gains held throughout … Read More

Weak Job Report Likely Posted by Pete Stolcers on June 05 www.oneoption.com Traders have been waiting for a weak jobs report and we might get it tomorrow. PRE-OPEN MARKET COMMENTS THURSDAY – The economic warning signs have been building for months, but the job market has remained stable. This has allowed the Fed to maintain its hawkish stance. That could … Read More

Market Stages Technical Breakout Posted by Pete Stolcers on June 04 www.oneoption.com Yesterday the market closed above the May 19th high ahead of major news. PRE-OPEN MARKET COMMENTS WEDNESDAY – The S&P 500 rallied 120 points off of the low from Monday and the price action has been bullish. Semi conductor stocks lead the charge yesterday and there is a … Read More

Market Is In a Holding Pattern Posted by Pete Stolcers on June 03 www.oneoption.com Major economic releases will be posted this week. PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday the market gapped down to start the week and it spent the day recovering. It is trapped in a range between $575 and $595 and it is waiting for the next catalyst. … Read More

Major Economic Releases Ahead Posted by Pete Stolcers on June 02 www.oneoption.com The news will heat up Wednesday. PRE-OPEN MARKET COMMENTS MONDAY – PRE-OPEN MARKET COMMENTS MONDAY – Overseas weakness to start the day. Market has not had any material change in the last week and it is not likely to today. We will test the downside in a wimpy … Read More

The Breakout Will Be Tested Posted by Pete Stolcers on May 22 www.oneoption.com It would be unusual for the market to run through resistance and not to test that breakout. PRE-OPEN MARKET COMMENTS THURSDAY – The market ran through major horizontal resistance and it continued higher. Much of that move was short covering and we are about to find out … Read More

Breakout Retest Posted by Pete Stolcers on May 21 www.oneoption.com The market is likely to retest the 100-day MA in the next week. PRE-OPEN MARKET COMMENTS WEDNESDAY – The market broke through resistance and it has been able to advance. It would be unusual for the market to advance without testing that breakout. That move will tell me if buyers … Read More

Buyers Are Still In Control Posted by Pete Stolcers on May 20 www.oneoption.com Yesterday the market gapped lower on the Moody’s downgrade of US Treasuries and it bounced right back. PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday the market tested the bid and the drop was instantly gobbled up. That is a sign that buyers are motivated and the losses were … Read More

Is the Moody’s Downgrade Important Posted by Pete Stolcers on May 19 www.oneoption.com The US Treasury rating was downgraded by this rating agency Friday. PRE-OPEN MARKET COMMENTS MONDAY – The market has been able to add to the gains since the US/China trade deal was announced a week ago. It rallied through major resistance and this was more than a … Read More

Watch For A Retest Next Week Posted by Pete Stolcers on May 15 www.oneoption.com When the market breaks through a technical resistance level it often tests that level soon after the breakout. PRE-OPEN MARKET COMMENTS THURSDAY – It’s hard not to get caught up in all of the excitement when the market breaks out. This was a substantial move with … Read More