Summertime Tendies
Key Weekly Performance Stats:
- S&P 500: +1.23%
- Nasdaq 100: +1.69%
- Russel 2000: -0.78%
- Bitcoin: +2.57%
Stocks had another solid week, with the S&P 500 gaining 1.2% and the Nasdaq adding 1.7% as AI enthusiasm continued to fuel tech. The Dow was the odd one out, slipping 0.5%. Nvidia climbed on reports that China may allow limited purchases of its H200 chips, while Apple and Broadcom made headlines with a long-term chip partnership extending through 2031. Elsewhere, Meta hit fresh highs, Delta offered an upbeat outlook despite a mixed market reaction, and earnings season officially began to ramp up.
The economic backdrop was a bit more mixed. The U.S. trade deficit widened more than expected in May, while the Fed's June meeting minutes showed officials remain cautious about inflation. Geopolitics also grabbed investors' attention after President Trump said the June agreement with Iran was over, sending oil prices higher before markets settled down as reports emerged that Iran was still interested in negotiations. It was another reminder that both inflation and energy prices remain key themes for investors.
Looking ahead, next week is one of the busiest of the summer. Tuesday brings June CPI, followed by PPI and the Fed's Beige Book on Wednesday. Retail sales and weekly jobless claims arrive Thursday, while Friday wraps up the week with industrial production and import/export price data. Earnings season also shifts into high gear with reports from JPMorgan, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley, Johnson & Johnson, ASML, Netflix, Taiwan Semiconductor and several other major companies. 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, July 13th
None
Tuesday, July 14th
Morning: Bank of America, Citi, Goldman Sachs, JP Morgan & Wells Fargo
Wednesday, July 15th
Morning: ASML, Blackrock, Morgan Stanley & PNC
Evening: United
Thursday, July 16th
Morning: TSMX & UnitedHealth Group
Evening: Netflix
Friday, July 17th
None
Market Events
Monday, July 13th
None
Tuesday, July 14th
08:30 AM ET CPI MoM & YoY (Jun)
Wednesday, July 15th
08:30 AM ET PPI MoM & YoY (Jun)
10:30 AM ET Crude Oil Inventories
02:00 PM ET Fed Beige Book
Thursday, July 16th
08:30 AM ET Retail Sales MoM & YoY (Jun)
08:30 AM ET Philadelphia Fed Manufacturing Index (Jul)
08:30 AM ET Initial Jobless Claim
Friday, July 17th
10:00 AM ET Consumer Sentiment
Seasonality Update
S&P 500 Seasonal Bias (Monday, July 13th)
- Bull Win Percentage: 38%
- Profit Factor: 0.48
- Bias: Bearish
Equity Curve -->
S&P 500 Seasonal Bias (Tuesday, July 14th)
- Bull Win Percentage: 59%
- Profit Factor: 0.77
- Bias: Neutral
Equity Curve -->
S&P 500 Seasonal Bias (Wednesday, July 15th)
- Bull Win Percentage: 55%
- Profit Factor: 1.00
- Bias: Neutral
Equity Curve -->
S&P 500 Seasonal Bias (Thursday, July 16th)
- Bull Win Percentage: 72%
- Profit Factor: 6.86
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Friday, July 17th)
- Bull Win Percentage: 51%
- Profit Factor: 0.46
- 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 6 for 6 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 me today!!! Click Here!
Piper's Current Signal Streak: 22 Trades
July Record: 20/20 Units
Monday, July 6th
SPY Put Credit Spread (2x Multiple @ $747 / $746) 🟢
QQQ Put Credit Spread (2x Multiple @ $718 / $717) 🟢
Tuesday, July 7th
SPY Call Credit Spread (2x Multiple @ $751 / $752) 🟢
QQQ Call Credit Spread (2x Multiple @ $717 / $718) 🟢
Wednesday, July 8th
No Signal Produced
Thursday, July 9th
SPY Put Credit Spread (2x Multiple @ $745 / $744) 🟢
QQQ Put Credit Spread (2x Multiple @ $714 / $713) 🟢
Friday, July 10th
No Signal Produced
Baby Bottles Fed
18,474 *
* 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 CCS's were sold at $1.30/ea and were bought back at $0.30/ea -- THIS MEANS MY REALIZED GAIN WAS $1,000!!!
