Issues with multiple loops and sticky posts on index.php

I’ve had a look through the codex at the documentation for the loop and for sticky posts and I can’t quite figure out what my issue is.

What I’m trying to accomplish is on the FIRST page of index.php, I want to show ONE sticky post IF there is one, then the first post formatted with class=”first-post”, then the remaining posts formatted with class=”even” or class=”odd”. For subsequent pages using index.php, I just want to show class=”odd” or class=”even”.

The even/odd and first-post stuff is working fine EXCEPT if I have a sticky post published. IF I have a sticky post published, the homepage (first page using index.php) shows the sticky post and NOTHING else. If I un-publish the sticky post, everything works fine.

Can someone help me? Below is the code I’m using:

<?php
	$sticky = get_option( 'sticky_posts' );
	$args = array(
		'posts_per_page' => 1,
		'post__in'  => $sticky,
		'ignore_sticky_posts' => 1
	);
	$stickyquery = new WP_Query( $args );
	// if ( $sticky[0] ) {
	// 	// insert here your stuff...
	// }
?>
<?php if ($stickyquery->have_posts()) : ?>
	<?php while ($stickyquery->have_posts()) : $stickyquery->the_post(); ?>
		<div id="post-<?php the_ID(); ?>" class="sticky-post">
			<div class="entry">
				<?php the_content(''); ?>
			</div>
		</div>
	<?php endwhile; ?>
<?php endif; wp_reset_query(); ?>

<?php
	// Remaining non-sticky post(s)
	$paged = get_query_var( 'paged' ) ? get_query_var( 'paged' ) : 1;
	$sticky = get_option( 'sticky_posts' );
	$args = array(
		'ignore_sticky_posts' => 1,
		'post__not_in' => $sticky,
		'paged' => $paged
	);
	$query = new WP_Query( $args );
?>
<?php if ($query->have_posts()) : ?>
	<?php $postcount=0; ?>
	<?php if (is_paged()) {$postcount++; } ?>
	<?php while ($query->have_posts()) : $query->the_post(); ?>

		<?php if ($postcount == 0) : // First post on first page ?>
			<div id="post-<?php the_ID(); ?>" class="first-post clearfix">
				<div class="featured-image">
					<?php if ( has_post_thumbnail() ) { the_post_thumbnail('large'); } ?>
				</div>
				<h1 class="entry-title">
					<a href="<?php the_permalink() ?>" rel="bookmark" title="Permalink"><?php the_title(); ?></a>
				</h1>
				<div class="entry">
					<?php echo excerpt(55); ?>
				</div>
			</div>
			<?php $postcount++; // increment after the first post is identified ?>

		<?php else : ?>
			<div id="post-<?php the_ID(); ?>" class="post <?php echo ($postcount % 2 == 0 ? 'even' : 'odd' ); ?>">
				<div class="featured-image">
					<?php if ( has_post_thumbnail() ) { the_post_thumbnail('medium'); } ?>
				</div>
				<h1 class="entry-title">
					<a href="<?php the_permalink() ?>" rel="bookmark" title="Permalink"><?php the_title(); ?></a>
				</h1>
				<div class="entry">
					<?php echo excerpt(55); ?>
				</div>
			</div>
			<?php $postcount++; // increment for remaining posts ?>
		<?php endif; ?>
	<?php endwhile; ?>

<div id="post-nav" class="clearfix clear">
	<?php posts_nav_link('','<div class="alignright">Newer >></div>','<div class="alignleft"><< Older</div>'); ?>
</div>

<?php else : ?>
	<div class="post">
		<h1 class="entry-title">Not Found</h1>
		<div class="entry">
			<p>Sorry, but you are looking for something that isn't here.</p>
		</div>
	</div>
<?php endif; wp_reset_query(); ?>