Music To the Market’s Ears Posted by Pete Stolcers on September 18 www.oneoption.com The Fed lowered interest rates by 25 basis points and it paved the way for two more rate cuts this year. PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday the Fed gave the market exactly what it wanted – rate cut and a dovish stance for the rest of … Read More

The Fed Will Cut Interest Rates Today Posted by Pete Stolcers on September 17 www.oneoption.com The market is expecting a 25 basis point rate cut today and it is already looking for hints of future rate cuts. PRE-OPEN MARKET COMMENTS FED-DAY – The market is addicted to easy money and the likelihood of a rate cut today has allowed it … Read More

Fed Watch Posted by Pete Stolcers on September 16 www.oneoption.com Is this rate cut priced in and is it a sell the news event? PRE-OPEN MARKET COMMENTS TUESDAY – How will the market react to the FOMC statement tomorrow? Should I hold my long positions or should I take profits? This is what every trader wants to know. I can’t … Read More

Interest Rate Cut Expected This Week Posted by Pete Stolcers on September 15 www.oneoption.com The Fed is expected to cut rates this Wednesday by 25 basis points. PRE-OPEN MARKET COMMENTS MONDAY – Another day and another new market high. The market is not concerned with deteriorating economic conditions, it is focused on the pending rate cut and the believe that … Read More

New Market High on 911 Posted by Pete Stolcers on September 12 www.oneoption.com Buyers have supported the market on this historic day. PRE-OPEN MARKET COMMENTS FRIDAY – Yesterday the market rallied to a new all-time high. PPI dropped after a recent spike and the rise in CPI was deemed as temporary. Traders are focused on a 25 basis point rate … Read More

More Bad News and Another Leg Higher Posted by Pete Stolcers on September 11 www.oneoption.com This morning CPI rose along with initial jobless claims and the market rallied. PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday the market rejoiced when PPI fell to -.1% from a spike to .9% the prior month. To be fair, I think the market would have rallied … Read More

Full Steam Ahead – New Market High Posted by Pete Stolcers on September 10 www.oneoption.com Oracle provided incredible guidance three years out and the PPI dropped .1%. PRE-OPEN MARKET COMMENTS WEDNESDAY – Last month PPI came in hot and there was a chance that it could remain elevated. That would have provided a headwind for the Fed, but they’ve stated … Read More

Waiting For the PPI Posted by Pete Stolcers on September 09 www.oneoption.com The market has been treading water near the all time high as it waits for a catalyst. PRE-OPEN MARKET COMMENTS TUESDAY – The overnight news is light and international markets are mixed with small moves. The S&P 500 is going to open flat and all eyes will be … Read More

Bull Markets Die Hard Posted by Pete Stolcers on September 08 www.oneoption.com The dismal jobs report last Friday did not spark a massive decline. PRE-OPEN MARKET COMMENTS MONDAY – Last Friday we learned that only 22K new jobs were created in August. This is the fourth consecutive month of employment weakness. The market is focused on the likely rate cut … Read More

How Will the Market React? Posted by Pete Stolcers on September 05 www.oneoption.com The jobs report has been released and to this point the market has not been concerned about recent job losses. PRE-OPEN MARKET COMMENTS FRIDAY – Yesterday the market rallied ahead of the jobs report. It left the impression that regardless of the outcome, stocks were going to … Read More