Earnings Season Ramps Up Posted by Pete Stolcers on October 20 www.oneoption.com Financials have dominated earnings so far and this week we will hear from other sectors. PRE-OPEN MARKET COMMENTS MONDAY – The market is trapped in the long red candle from 10 days ago when new tariffs on China were announced. This week, Scott Bessant is going to meet … Read More

There’s One Thing That Can End the Rally Posted by Pete Stolcers on October 17 www.oneoption.com It’s the “C” word I hate to mention. PRE-OPEN MARKET COMMENTS FRIDAY – The market has been able to deflect all of the bad news, but it has finally met its match. Once credit concerns start to surface, asset managers get very cautious. The … Read More

Neither Side Has Control Posted by Pete Stolcers on October 16 www.oneoption.com The big drop last Friday was a warning shot. Buyers and sellers are active as the market tries to recover. PRE-OPEN MARKET COMMENTS THURSDAY – The government shutdown continues and both sides are steadfast. With each passing day the economic impact will grow. This impasse is not going … Read More

Trump Firm On China Tariffs Posted by Pete Stolcers on October 15 www.oneoption.com Treasury Secretary Bessant said that they are not concerned that their tariffs might spark a market sell-off. PRE-OPEN MARKET COMMENTS WEDNESDAY – The market decline on Friday has not deterred buyers. The SPY has been able to recover most of the losses and it is poised to … Read More

Treading On Thin Ice Posted by Pete Stolcers on October 14 www.oneoption.com The drop Friday was a warning sign and we should respect it. PRE-OPEN MARKET COMMENTS TUESDAY – The market drop on Friday was a warning shot. Moves of that magnitude don’t happen by accident. The relief bounce yesterday felt good, but the banking holiday might have contributed to … Read More

All Will Be Fine? Posted by Pete Stolcers on October 13 www.oneoption.com Tensions between China and the US have been elevated all year. PRE-OPEN MARKET COMMENTS MONDAY – Long green and long red candles on a daily chart are signs that buyers and sellers are aggressive. This is not a time to engage, it is time to wait for a … Read More

Compression Breakout Looming Posted by Pete Stolcers on October 10 www.oneoption.com The price action during the last week shows buyers and sellers are in balance. PRE-OPEN MARKET COIMMENTS FRIDAY – The market is trapped in a compression at the all time high. The government economic releases have stopped because of the government shut down so we don’t have that catalyst. … Read More

Market Sharply Unchanged Overnight Posted by Pete Stolcers on October 09 www.oneoption.com The S&P 500 made an all time high yesterday and the gradual float higher continues. PRE-OPEN MARKET COMMENTS THURSDAY – For the time being, the market doesn’t care about the government shutdown or the lack of economic data points. If politicians don’t strike a deal in the next … Read More

Shutdown Will Get Old Posted by Pete Stolcers on October 08 www.oneoption.com The market will send a warning to politicians if this drags on. PRE-OPEN MARKET COMMENTS WEDNESDAY – The government shutdown has lasted more than a week and there’s no progress on a continuing resolution. To this point the market has ignored the news on the notion that this … Read More

No Bad News Posted by Pete Stolcers on October 06 www.oneoption.com The government is shut down and the economic releases have stopped. PRE-OPEN MARKET COMMENTS MONDAY – Any potential speedbump has been eliminated because of the government shut down. Weak economic releases are not a threat so the market keeps rallying based on the current momentum. If the shutdown lingers … Read More