Will Friday’s Breakout Hold? Posted by Pete Stolcers on August 26 www.oneoption.com The market rallied to a new all-time high Friday and it has been giving back gains. PRE-OPEN MARKET COMMENTS TUESDAY – The long green candle from Friday will serve as a landmark for us. If most of those gains hold this week, it will be a sign that … Read More

Key Message In Powell’s Speech Posted by Pete Stolcers on August 25 www.oneoption.com The Fed concerned about job growth. PRE-OPEN MARKET COMMENTS MONDAY – Last week the market waited for Powell’s speech and it wanted confirmation of a September rate cut. He barely said “Hello” and the S&P 500 rallied 50 points. The market seemed poised to move higher no … Read More

What Will Powell Say? Posted by Pete Stolcers on August 22 www.oneoption.com All eyes will be on the Fed Chairman’s speech this morning in Jackson Hole. PRE-OPEN MARKET COMMENTS FRIDAY – The news cycle has been light and the market is searching for anything it can sink it’s teeth into. The price action has been compressed and this is the … Read More

Powell Speaks Friday Posted by Pete Stolcers on August 21 www.oneoption.com The majority of Fed officials are reluctant to cut rates based on the FOMC Minutes from last month. PRE-OPEN MARKET COMMENTS THURSDAY – Fed officials are concerned about job growth and inflation and they are weighing which of the two is more important. Stagflation is not good for the … Read More

First Sign of Selling Pressure Posted by Pete Stolcers on August 20 www.oneoption.com Tech stocks showed the first signs of profit taking yesterday. PRE-OPEN MARKET COMMENTS WEDNESDAY – There wasn’t any news to justify the drop in tech stocks yesterday and the selling pressure was persistent. The market opened on its high and it closed on its low for the … Read More

Waiting Game Posted by Pete Stolcers on August 19 www.oneoption.com The headlines are light this week and the market is waiting for Jackson Hole. PRE-OPEN MARKET COMMENTS TUESDAY – Yesterday the market compressed in a tight intraday range and it was one of the most lackluster sessions of the year. Global markets were flat with mixed marginal moves and the … Read More

Next Market Catalyst Posted by Pete Stolcers on August 18 www.oneoption.com This Friday Powell will speak at the Jackson Hole conference. PRE-OPEN MARKET COMMENTS MONDAY – There weren’t any major developments over the weekend and the S&P 500 is flat overnight. International markets were down slightly. The big news from last week was the hot PPI reading of .9%. Price … Read More

Bullet Proof Market Posted by Pete Stolcers on August 15 www.oneoption.com No matter what bad news is thrown at the market it keeps moving higher. PRE-OPEN MARKET COMMENTS FRIDAY – The market has had to weather many poor economic readings and buyers don’t seem to care that conditions are deteriorating. With each release I keep wondering if “this is the … Read More

Market Will Test the Breakout Today Posted by Pete Stolcers on August 14 www.oneoption.com A tame CPI lead to a market breakout Tuesday and a hot PPI will test that breakout today. PRE-OPEN MARKET COMMENTS THURSDAY – Inflation has been subsiding for many months and that was confirmed by the .2% CPI reading Tuesday. As prices retreat, the Fed has … Read More

Plug Your Nose and Buy Posted by Pete Stolcers on August 13 www.oneoption.com It doesn’t matter why the market is making a new all-time high. Buyers are in control so go with it. PRE-OPEN MARKET COMMENTS WEDNESDAY – Yesterday the CPI came in at .2% and that was an improvement from the previous .3% reading. Was the news so compelling … Read More