Debt Ceiling Crash Posted by Peter Stolcers on May 24 www.oneoption.com If we get a big market drop, here is how I would trade it. PRE-OPEN MARKET COMMENTS WEDNESDAY – The breakout through horizontal resistance on heavy volume last week was a head fake and we have fallen back below $417.50. Traders are operating under the notion that the debt … Read More

Volume Equals Trust Posted by Peter Stolcers on April 14 www.oneoption.com This market rally looks great if you just look at the price action. However, the light volume tells us the conviction is low. Much of this bounce is short covering and not aggressive buying. PRE-OPEN MARKET COMMENTS FRIDAY – The market has been able to grind higher and preserve … Read More

The Market Is Testing Major Resistance Posted by Peter Stolcers on April 12 www.oneoption.com Buyers have not been excited the whole way up and we know that because the volume has been light. Was the CPI good enough to change that? PRE-OPEN MARKET COMMENTS WEDNESDAY – The market has been trapped in a range and the volume the last few … Read More

The Calm Before the Market Storm Posted by Peter Stolcers on January 31 www.oneoption.com Fasten Your Seat Belts! PRE-OPEN MARKET COMMENTS TUESDAY – This is going to be a very important week. Earnings and interest rates drive the market and it is coiling like a spring inside of a D1 wedge. We are going to breakout one way or the … Read More

Market Will Try To Confirm This Technical Pattern Posted by Pete Stolcers on April 05 www.1option.com   The market has been strong since the FOMC statement in March. It has rallied above the major moving averages and it has been able to hold those levels. Last week we saw a round of profit taking that ended very quickly and that … Read More

Watch The Market Bounce This Morning – Here’s What To Look For Posted by Pete Stolcers on April 01 www.1option.com   Yesterday we saw a swift round of profit taking that tested the 100-day MA. Light volume rallies are vulnerable and we should expect that after a 400 point S&P 500 rally in the last few weeks. If the market … Read More

Watch For A Dull Trading Day Ahead of the Jobs Report Posted by Pete Stolcers on March 31 www.1option.com   Yesterday the S&P 500 took a breather after a 400 point run since the FOMC statement. The rally has come on light volume and that makes it vulnerable to profit taking. The March Fed rate hike means nothing. Bond yields … Read More

Day Traders Wait For Dips – Don’t Chase the Market Posted by Pete Stolcers on March 28 www.1option.com   Last week the S&P 500 closed firmly above the 200-day MA and tech stocks were particularly strong. I believe that end of month fund buying and earnings season in two weeks will keep buyers engaged. The issues plaguing the market (inflation, … Read More

Market Bid Should Be Good For A Few Weeks – Don’t Overstay Your Welcome Posted by Pete Stolcers on March 25 www.1option.com   Yesterday the S&P 500 closed firmly above the 200-day MA and tech stocks were particularly strong. That bodes well for more upside today and perhaps for the next few weeks. The issues plaguing the market (inflation, Fed … Read More

Swing Traders Watch For This – Conditions Are Improving! Posted by Pete Stolcers on March 23 www.1option.com   PRE-OPEN MARKET COMMENTS WEDNESDAY – Yesterday the S&P 500 closed above the 200-day MA on light volume. Bulls will try to keep the market above that key support level and a close above it Friday would confirm that support is forming. The … Read More