Happy Holidays!
Hey,
Key Weekly Performance Stats:
- S&P 500: -2.21%
- Nasdaq 100: -2.24%
- Russel 2000: -4.75%
- Bitcoin: -3.61%
Last week, stocks experienced what can only be described as a rollercoaster ride. The tech-heavy Nasdaq reached a record high on December 16th, buoyed by investor optimism ahead of the Federal Reserve's policy meeting. However, as the week progressed, market sentiment shifted due to the Fed's announcement of a quarter-point rate cut and indications that further cuts in 2025 might be limited or even reversed. This uncertainty led to volatility, with all major indices plummeting for two trading sessions.
On Friday, a cooler-than-expected inflation report provided a glimmer of hope for investors. The Personal Consumption Expenditures (PCE) price index came in lower than anticipated. This news spurred a rally, with the S&P 500, Nasdaq, and Dow all posting gains of over 1% for the day. Despite this rebound, the major indexes ended the week with losses.
Looking ahead to next week, degen traders should keep an eye on several key factors. The potential for a U.S. government shutdown looms large, as Congress has yet to agree on federal funding legislation. Additionally, any further statements from the Federal Reserve regarding monetary policy could influence market direction. Lastly, with the holiday season in full swing, retail sales data will be crucial in assessing consumer spending and overall economic health. As always, stick to your trading plan and respect your risk. Godspeed.
Best,
Thicc Kohrs
P.S. The official Goonie Discord is live! (FREE Access w/ code GOONIE: https://bit.ly/GoonieGroup)
Market Events
Monday, December 23rd
10:00 AM ET Consumer Confidence (Dec)
Tuesday, December 24th
10:00 AM ET Durable Goods (Nov)
10:00 AM ET New Home Sales (Nov)
01:00 PM ET Market Closes Early (Christmas Eve)
Wednesday, December 25th
All Day Market Closed (Merry Christmas!)
Thursday, December 26th
08:30 AM ET Initial Jobless Claims
11:00 AM ET Crude Oil Inventories
Friday, December 27th
None
Seasonality Update
S&P 500 Seasonal Bias (Monday, December 23rd)
- Bull Win Percentage: 76%
- Profit Factor: 8.83
- Bias: Very Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Tuesday, December 24th)
- Bull Win Percentage: 76%
- Profit Factor: 3.87
- Bias: Bullish
- Note: The market closes at 1pm ET
Equity Curve -->
S&P 500 Seasonal Bias (Wednesday, December 25th)
- Market Closed All Day (Merry Christmas!)
S&P 500 Seasonal Bias (Thursday, December 26th)
- Bull Win Percentage: 52%
- Profit Factor: 2.68
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Friday, December 27th)
- Bull Win Percentage: 48%
- Profit Factor: 0.76
- Bias: Bearish
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 8 for 8 times (19 for 19 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: 9 Trades
December Record: 45/51 Units
Monday, December 16th
SPY Put Credit Spread (2x Multiple @ $605 / $604) 🟢
QQQ Put Credit Spread (3x Multiple @ $532 / $531) 🟢
Tuesday, December 17th
SPY Call Credit Spread (2x Multiple @ $605 / $606) 🟢
QQQ Call Credit Spread (2x Multiple @ $538 / $539) 🟢
Wednesday, December 18th
No signal -- FOMC Day
Thursday, December 19th
SPY Call Credit Spread (3x Multiple @ $593 / $594) 🟢
QQQ Call Credit Spread (3x Multiple @ $522 / $523) 🟢
Friday, December 20th
SPY Put Credit Spread (2x Multiple @ $581 / $580) 🟢
QQQ Put Credit Spread (2x Multiple @ $509 / $508) 🟢
Giant Paintings of Piper Now Owned
1 *
* 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 -- 4 total units!
These PCS's were sold at $2.20/ea and were bought back at $0.40/ea -- THIS MEANS MY REALIZED GAIN WAS $3,600!!!
These PCS's were sold at $1.00/ea and were bought back at $0.10/ea -- THIS MEANS MY REALIZED GAIN WAS $1,800!!!
Both of these trades missed. Both of these trades hit if held until close -- 4 total units!
These CCS's were sold at $0.80/ea and were bought back at $0.20/ea -- THIS MEANS MY REALIZED GAIN WAS $1,200!!!
