September Spoils
Key Weekly Performance Stats:
- S&P 500: +0.09%
- Nasdaq 100: +0.38%
- Russel 2000: -0.01%
- Bitcoin: +2.36%
Last week, stocks were choppy as traders balanced solid economic data with stubborn inflation and higher yields. SPX finished up about 0.1%, NDX gained roughly 0.4%, and RTY added around 0.1%. JOLTS showed about 7.3 million job openings, while both ISM manufacturing and services stayed in expansion. Friday’s jobs report showed 162,000 payroll gains with unemployment holding at 4.1%, which helped push Treasury yields higher.
Iran was also back in focus as renewed U.S.-Iran tensions around the Strait of Hormuz helped send oil higher. Trump said the latest U.S. campaign would not last “too long,” while his administration also appeared to be looking for a path toward de-escalation. On the company side, Broadcom posted another huge quarter, Snowflake kept up strong growth, and Lululemon sank after cutting its outlook again. Adobe also announced that Anil Chakravarthy will take over as CEO in December.
Looking ahead to next week, it's a four-day trading week with markets closed Monday for Labor Day. Thursday brings August PPI, while Friday is the big one with August CPI, real earnings, and preliminary September University of Michigan consumer sentiment. There’s no Fed meeting next week, with the next FOMC decision coming Sept. 16. Oracle and Adobe are also among the bigger earnings reports to watch. As always, stick to your trading plan and respect your risk. Godspeed.
Thicc Kohrs
P.S. The official Goonie Trading Discord is LIVE!!! (https://bit.ly/GoonieDiscord)
Earnings
Monday, September 7th
None
Tuesday, September 8th
None
Wednesday, September 9th
None
Thursday, September 10th
Morning: Macy's
Evening: Adobe & Oracle
Friday, Septmber 11th
Morning: Kroger
Market Events
Monday, September 7th
ALL DAY Market Closed (Labor Day)
Tuesday, September 8th
None
Wednesday, September 9th
01:00 PM ET 10-Year Note Auction
Thursday, September 10th
08:30 AM ET PPI MoM & YoY (Aug)
08:30 AM ET Initial Jobless Claims
10:00 AM ET Existing Home Sales (Aug)
01:00 PM ET 30-Year Bond Auction
Friday, Septmber 11th
08:30 AM ET CPI MoM & YoY (Aug)
10:00 AM ET Consumer Sentiment
Seasonality Update
S&P 500 Seasonal Bias (Monday, September 7th)
- Market Closed All Day (Labor Day)
S&P 500 Seasonal Bias (Tuesday, September 8th)
- Bull Win Percentage: 59%
- Profit Factor: 2.02
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Wednesday, September 9th)
- Bull Win Percentage: 52%
- Profit Factor: 1.29
- Bias: Leaning Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Thursday, September 10th)
- Bull Win Percentage: 69%
- Profit Factor: 1.59
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Friday, September 11th)
- Bull Win Percentage: 66%
- Profit Factor: 0.97
- Bias: Neutral
Equity Curve -->
Notes: These analytics are derived from the performance of the S&P 500 futures contract over the past +25 years. Additionally, results are computed from the futures market open and close.
Options Strategy Update
The 0 DTE signal hit 6 for 6 times (10 for 10 total units) this past week.
Signal Accuracy: ~100%
Note: These signals are posted in real-time in the Goonie Trading Discord. You can join me today!!! Click Here!
Piper's Current Signal Streak: 37 Trades
August Record: 54/54 Units
September Record: 6/6 Units
Monday, Aug. 31st
No Signal Produced
Tuesday, Sept. 1st
SPY Put Credit Spread (2x Multiple @ $761 / $760) 🟢
QQQ Put Credit Spread (2x Multiple @ $705 / $704) 🟢
Wednesday, Sept. 2nd
SPY Put Credit Spread (2x Multiple @ $761 / $760) 🟢
QQQ Put Credit Spread (2x Multiple @ $705 / $704) 🟢
Thursday, Sept. 3rd
No Signal Produced
Friday, Sept. 4th
SPY Put Credit Spread (1x Multiple @ $767 / $766) 🟢
QQQ Put Credit Spread (1x Multiple @ $715 / $714) 🟢
Personal Money Invested w/ Nike $NKE
All of it *
* This data point is from readings over the past week. The reported information should not be taken as an aggregate or cumulative value for any period beyond the most recent week (Sunday through Saturday). Appropriate alterations were made to account for both travel and time zone shifts.
Notes
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites.
Both of these trades missed.Both of these trades hit if held until close -- 2 total units!
