Riding To The Moon
Hey,
Key Weekly Performance Stats:
- S&P 500: +1.67%
- Nasdaq 100: +1.86%
- Russel 2000: +4.50%
- Bitcoin: +8.75%
The stock market climbed higher last week, being supported by strong earnings and optimism over a cautious Fed approach to interest rates. Tech stocks, led by Nvidia, drove much of the (initial) momentum, while stable oil prices bolstered energy sector performance. It should also be noted that recent gains in Bitcoin have prompted a hyper-euphoric state in the world of crypto.
Looking ahead, we should focus on consumer sentiment, jobless claims, and manufacturing data, alongside Fed commentary. Earnings season is effectively over, which means policy decisions and macroeconomic reports will be in the driver seat. If you happen to be an options trader, please don't forget that this upcoming week is short one due to the holiday. As always, respect your risk and stick to your plan. Godspeed.
Best,
Thicc Kohrs
P.S. The official Goonie Discord is live! (FREE Access w/ code GOONIE: https://bit.ly/GoonieGroup)
Market Events
Monday, November 25th
None
Tuesday, November 26th
10:00 AM ET Consumer Confidence (Nov)
10:00 AM ET New Home Sales (Oct)
02:30 PM ET FOMC Meeting Minutes
Wednesday, November 27th
08:30 AM ET GDP 1st Reading (Q3)
08:30 AM ET Durable Goods (Oct)
10:00 AM ET PCE Price Index (Oct)
10:00 AM ET Personal Income & Spending (Oct)
10:30 AM ET Crude Oil Inventories
Thursday, November 28th
ALL DAY Market Closed (Thanksgiving)
Friday, November 29th
05:00 AM ET Eurozone CPI (Nov)
09:45 AM ET Chicago PMI (Nov)
01:00 PM ET Market Closes Early (Thanksgiving)
Upcoming Earnings
Monday
Morning: Bath & Body Works
Evening: Zoom
Tuesday
Morning: Best Buy, Kohl's & Macy's
Evening: CrowdStrike, Dell & HP
Wednesday
None
Thursday
None
Friday
None
Seasonality Update
S&P 500 Seasonal Bias (Monday, November 25th)
- Bull Win Percentage: 64%
- Profit Factor: 1.62
- Bias: Leaning Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Tuesday, November 26th)
- Bull Win Percentage: 72%
- Profit Factor: 2.57
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Wednesday, November 27th)
- Bull Win Percentage: 56%
- Profit Factor: 1.01
- Bias: Neutral
Equity Curve -->
S&P 500 Seasonal Bias (Thursday, November 28th)
- MARKET CLOSED ALL DAY
S&P 500 Seasonal Bias (Friday, November 29th)
- Bull Win Percentage: 48%
- Profit Factor: 0.83
- Bias: Leaning Bearish
- Market Half Day (1pm ET)
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 10 for 10 times (14 for 14 total units) this past week.
Signal Accuracy: ~100%
Note: These signals are posted in real-time in the Goonie Trading Discord. You can join the Goonie Discord for FREE w/ code GOONIE (Click Here!)!!!
Piper's Current Signal Streak: 36 Trades
November Record: 47/47 Units
Monday, November 18th
SPY Put Credit Spread (1x Multiple @ $585 / $584) 🟢
QQQ Put Credit Spread (1x Multiple @ $496 / $495) 🟢
Tuesday, November 19th
SPY Put Credit Spread (1x Multiple @ $584 / $583) 🟢
QQQ Put Credit Spread (1x Multiple @ $497 / $496) 🟢
Wednesday, November 20th
SPY Put Credit Spread (1x Multiple @ $583 / $582) 🟢
QQQ Put Credit Spread (1x Multiple @ $494 / $493) 🟢
Thursday, November 21st
SPY Call Credit Spread (2x Multiple @ $594 / $595) 🟢
QQQ Call Credit Spread (2x Multiple @ $508 / $509) 🟢
Friday, November 22nd
SPY Call Credit Spread (2x Multiple @ $592 / $591) 🟢
QQQ Call Credit Spread (2x Multiple @ $502 / $501) 🟢
Occurrences of Piper Attacking Me At 2AM
4.8 *
* 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 hit if held until close -- 6 total units!
Both of these trades hit if held until close -- 6 total units!
SPY missed & QQQ hit
The Trump-China-Trade announcement from the NYT knocked me out of my position. The CCS's were sold at $1.80/ea and I was forced to buy them backl at $4.40 -- This means my realized loss was $3,120 :(
The hedge did exactly what hedge plays are meant to do. It balanced me out! These PCS's were sold at $0.85/ea and expired worthless -- THIS MEANS MY REALIZED GAIN WAS $2,975!
