Jobs Report In Line With Expectations Posted by Pete Stolcers on October 03 www.oneoption.com That’s because everyone expected the government shutdown to continue and the BLS didn’t publish a report. PRE-OPEN MARKET COMMENTS FRIDAY – The saying, “No news is good news” rings loud this morning. The government shutdown means we won’t have a jobs report. That favors the current … Read More

No News Is Good News Posted by Pete Stolcers on October 02 www.oneoption.com With the government shut down we won’t have the labor numbers. PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday the market made an all-time new high. I didn’t care that the private sector shed 32K jobs in September or that the government shut down. A rally in the midst … Read More

The Government Is Shut Down Posted by Pete Stolcers on October 01 www.oneoption.com Politicians can’t reach an agreement, but they will. PRE-OPEN MARKET COMMENTS TUESDAY – A government shut down was likely and the S&P 500 was 10 points from an all-time high yesterday. These stand offs have been resolved in the past and this is not going to spook … Read More

Will A Shutdown Spark Selling? Posted by Pete Stolcers on September 30 www.oneoption.com The government is likely to shut down as politicians dig in their heels. PRE-OPEN MARKET COMMENTS TUESDAY – The market dipped slightly last week and it has been able to find support. The price action has been rather lack luster and all eyes are on the economic … Read More

Follow the Technicals Posted by Pete Stolcers on September 29 www.oneoption.com If you are trading the headlines, you are missing these moves. PRE-OPEN MARKET COMMENTS MONDAY – Negative headlines are a major distraction. If you get your information from social media, I can’t recall a time when the sentiment has been this bearish. I don’t know if this is sensationalism … Read More

Buy This Dip Posted by Pete Stolcers on September 26 www.oneoption.com The market has been in a steady climb and these drops below the EMA 8 have been good entry points. PRE-OPEN MARKET COMMENTS FRIDAY – If you read the headlines, the world is falling apart. You’re a nervous wreck and every drop feels like it could be the one. … Read More

Market Dip or Drop? Posted by Pete Stolcers on September 25 www.oneoption.com How we got to this price tell us which scenario is most likely. PRE-OPEN MARKET COMMENTS THURSDAY – “OMG… the sell-off is finally here and the market is going to tank.” This is what many traders are thinking this morning. They can’t believe the market ever got this … Read More

Nice Intraday Moves Net Out Posted by Pete Stolcers on September 24 www.oneoption.com The nice rally Monday was erased after Powell’s speech. PRE-OPEN MARKET COMMENTS WEDNESDAY – This is a light news week so the market is going to latch on to any news it can. Monday the market rallied on the notion that there could be two more rate … Read More

Don’t Fight the Fed Posted by Pete Stolcers on September 23 www.oneoption.com Typically after the first rate cut the market tends to move higher. PRE-OPEN MARKET COMMENTS TUESDAY – Last week the Fed cut interest rates by 25 basis points and that was largely expected. Their dovish rhetoric eased worries that they might have waited too long and there could … Read More

We Like Down Opens Posted by Pete Stolcers on September 22 www.oneoption.com Our best day trading set up is to wait for support when the market gaps down and to buy. PRE-OPEN MARKET COMMENTS MONDAY – The market continues to float higher and the 25 basis point rate cut did not produce a move last week. A more dovish tone … Read More