The Luck of The Irish
Hey,
Key Weekly Performance Stats:
- S&P 500: -2.28%
- Nasdaq 100: -2.47%
- Russel 2000: -1.49%
- Bitcoin: -3.20%
Last week, both the economy and the market faced heightened uncertainty due to escalating trade tensions. President Trump's announcement of increased tariffs on imports from key trading partners, including Canada, Mexico, China, and the European Union. As you could imagine, this led to immediate and continued disruptions. While domestic steel and aluminum manufacturers benefited from reduced foreign competition, sectors reliant on global supply chains, such as automotive and technology industries, experienced increased costs and operational challenges.
The stock market reacted negatively to these developments, with major indices suffering significant declines. This downturn marked the first correction since 2023, as the S&P 500 fell over 10% from its recent record high. Investors grappled with concerns over potential recession risks, exacerbated by the unpredictable nature of trade policies. It's safe to say this uncertainty will remain in the system for a couple weeks at a minimum.
Looking ahead, several key economic events warrant attention. On March 17th, the U.S. Census Bureau will release retail sales data for February, providing insights into consumer spending trends. Additionally, the Federal Reserve's two-day meeting will commence, with markets keenly awaiting updates on monetary policy, economic projections, and potential rate adjustments. Furthermore, Nvidia's GTC Conference will feature discussions on advancements in artificial intelligence, robotics, and the anticipated unveiling of the GB300 AI chip, which will likely influence the entire technology sector. 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)
Earnings
Market Events
Monday, March 17th
08:30 AM ET Retail Sales MoM & YoY (Feb)
Tuesday, March 18th
None
Wednesday, March 19th
02:00 PM ET FOMC Interest Rate Decision
02:30 PM ET Fed Chair Powell Press Conference
Thursday, March 20th
08:30 AM ET Philadelphia Fed Manufacturing Index (Mar)
08:30 AM ET Initial Jobless Claims
10:00 AM ET US Leading Economic Indicators (Feb)
10:00 AM ET Existing Home Sales (Feb)
Friday, March 21st
None
Seasonality Update
S&P 500 Seasonal Bias (Monday, March 17th)
- Bull Win Percentage: 63%
- Profit Factor: 0.90
- Bias: Neutral
Equity Curve -->
S&P 500 Seasonal Bias (Tuesday, March 18th)
- Bull Win Percentage: 67%
- Profit Factor: 7.14
- Bias: Very Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Wednesday, March 19th)
- Bull Win Percentage: 67%
- Profit Factor: 1.08
- Bias: Neutral
Equity Curve -->
S&P 500 Seasonal Bias (Thursday, March 20th)
- Bull Win Percentage: 56%
- Profit Factor: 1.35
- Bias: Leaning Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Friday, March 21st)
- Bull Win Percentage: 44%
- Profit Factor: 1.08
- 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 8 for 8 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: 10 Trades
March Record: 28/34 Units
Monday, March 10th
SPY Call Credit Spread (2x Multiple @ $570 / $571) 🟢
QQQ Call Credit Spread (2x Multiple @ $484 / $485) 🟢
Tuesday, March 11th
SPY Put Credit Spread (1x Multiple @ $554 / $553) 🟢
QQQ Put Credit Spread (1x Multiple @ $468 / $467) 🟢
Wednesday, March 12th
SPY Call Credit Spread (2x Multiple @ $565 / $566) 🟢
QQQ Call Credit Spread (2x Multiple @ $483 / $484) 🟢
Thursday, March 13th
SPY Call Credit Spread (2x Multiple @ $559 / $560) 🟢
QQQ Call Credit Spread (2x Multiple @ $476/ $477) 🟢
Friday, March 14th
No Signal Generated
Times Piper Attacked My Feet
37 *
* 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!
These CCS's were sold at an average of $0.62/ea and were bought back at an average $0.15/ea -- THIS MEANS MY REALIZED GAIN WAS $1,400!
Both of these trades hit if held until close -- 2 total units!
These CCS's were sold at $0.60/ea and were bought back at $0.05/ea -- THIS MEANS MY REALIZED GAIN WAS $660!
Both of these trades hit if held until close -- 4 total units!
These PCS's were sold at $0.65/ea and were bought back at $0.05/ea -- THIS MEANS MY REALIZED GAIN WAS $600!
