Expect Some Consolidation

May 7, 2026
Author: Peter Stolcers, Founder of OneOption
Author
Pete

The market has run hard the last two weeks, it is likely to rest today.

PRE-OPEN MARKET COMMENTS THURSDAY - The market rally has staged the next leg higher and good news is priced in. The headlines from Iran have been promising and the market is pricing in a resolution. Earnings have been strong and chip stocks are leading the rally. The announcements will start to taper off.

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