Bounce or Bust?!
Key Weekly Performance Stats:
- S&P 500: +0.08%
- Nasdaq 100: -0.21%
- Russel 2000: -1.75%
- Bitcoin: -8.50%
Last week, Markets were all over the place. The week kicked off with a relief rally as progress toward ending the record shutdown lifted sentiment and sent mega-caps higher. Tuesday kept the momentum going even with banks and the bond market closed for Veterans Day. The Dow hit fresh highs, while the Nasdaq cooled a bit as the AI trade took a breather.
Midweek strength didn’t last. By Thursday, tech and AI names led a sharp pullback as investors started questioning whether corporate AI spending is running too hot too fast. Rate-cut expectations also slipped, which weighed on everything from semis to small caps. Friday stayed choppy, but the overall damage for the week was mild: the Dow and S&P finished slightly higher, and the Nasdaq only handed back a small slice of its recent gains.
Looking ahead to next week, we have a busy stretch of data and one huge spotlight moment: Nvidia earnings. Alongside updates on manufacturing, housing, industrial production, and trade prices, we’ll get the FOMC minutes, existing-home sales, leading indicators, consumer sentiment, and November’s flash PMIs. But make no mistake, NVDA’s results and guidance will dominate the conversation. After last week’s wobble in AI stocks, traders will be looking for confirmation that the story still has juice. As always, stick to your trading plan and respect your risk. Godspeed.
Thicc Kohrs
P.S. The official Goonie Discord is live! (FREE Access w/ code GOONIE: https://bit.ly/GoonieGroup)
Earnings
Monday, Nov 17th
None
Tuesday, Nov 18th
Morning: Home Depot
Wednesday, Nov 19th
Morning: Lowe's & Target
Evening: Nvidia
Thursday, Nov 20th
Morning: Walmart
Evening: Webull
Friday, Nov 21st
None
Market Events
Monday, Nov 17th
None
Tuesday, Nov 18th
None
Wednesday, Nov 19th
05:00 AM ET Eurozone CPI MoM & YoY (Oct)
02:00 PM ET FOMC Meeting Minutes (Oct Meeting)
Thursday, Nov 20th
08:30 AM ET Initial Jobless Claims
08:30 AM ET Philadelphia Fed Manufacturing Index (Nov)
10:00 AM ET Existing Home Sales (Nov)
10:00 AM ET US Leading Economic Indicators
Friday, Nov 21st
09:45 AM ET S&P Global Manufacturing & Services PMI (Nov)
10:00 AM ET Consumer Sentiment (Nov)
Seasonality Update
S&P 500 Seasonal Bias (Monday, Nov 17th)
- Bull Win Percentage: 72%
- Profit Factor: 1.84
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Tuesday, Nov 18th)
- Bull Win Percentage: 57%
- Profit Factor: 0.99
- Bias: Neutral
Equity Curve -->
S&P 500 Seasonal Bias (Wednesday, Nov 19th)
- Bull Win Percentage: 46%
- Profit Factor: 0.58
- Bias: Bearish
Equity Curve -->
S&P 500 Seasonal Bias (Thursday, Nov 20th)
- Bull Win Percentage: 61%
- Profit Factor: 1.00
- Bias: Neutral
Equity Curve -->
S&P 500 Seasonal Bias (Friday, Nov 21st)
- Bull Win Percentage: 61%
- Profit Factor: 1.64
- Bias: Bullish
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 (12 for 12 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: 13 Trades
November Record: 20/20 Units
Monday, Nov 10th
SPY Put Credit Spread (1x Multiple @ $674 / $673) 🟢
QQQ Put Credit Spread (1x Multiple @ $616 / $615) 🟢
Tuesday, Nov 11th
SPY Put Credit Spread (1x Multiple @ $677 / $676) 🟢
QQQ Put Credit Spread (1x Multiple @ $616 / $615) 🟢
Wednesday, Nov 12th
No Signal Produced
Thursday, Nov 13th
SPY Call Credit Spread (2x Multiple @ $681 / $682) 🟢
QQQ Call Credit Spread (2x Multiple @ $618 / $619) 🟢
Friday, Nov 14th
SPY Put Credit Spread (2x Multiple @ $664 / $663) 🟢
QQQ Put Credit Spread (2x Multiple @ $598 / $597) 🟢
Times I Stuck To My Trading Plan
0 *
* 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 -- 4 total units!
Both of these trades hit if held until close -- 4 total units!
