Record Highs Secured!
Key Weekly Performance Stats:
- S&P 500: +3.58%
- Nasdaq 100: +5.12%
- Russel 2000: +3.73%
- Bitcoin: +3.29%
Wall Street had a big week! The SPX gained 3.58%, the NDX jumped 5.12%, and the RTY added 3.52%, with the SPX finishing Friday at a fresh record high. Risk appetite improved after Trump delayed additional strikes on Iran, helping push oil lower and ease some inflation fears. Tech led the move, but small caps also participated, which made the rally feel much broader.
The economic data was mixed. ISM Manufacturing jumped to 55.6 and Services came in at 54.1, but prices in the services report stayed hot. JOLTS softened, while productivity beat expectations. Then Friday’s jobs report changed the tone completely, with the U.S. losing 23,000 jobs in July and prior months revised lower. Markets took that as a sign the Fed may have more room to stay patient. Earnings were also active, with Palantir raising guidance, Caterpillar benefiting from AI infrastructure demand, and AMD selling off despite solid results.
Next week is all about inflation. July CPI is Wednesday, PPI is Thursday, and Retail Sales wrap up the week on Friday. There is no FOMC decision, and the NYSE is open all five days. Earnings stay busy too, with Super Micro on Tuesday and Applied Materials on Thursday. After the weak jobs report, the setup is pretty simple: cooler inflation would likely keep the rally going, while another hot print could bring rate fears right back. As always, stick to your plan and respect your risk. Godspeed.
Thicc Kohrs
P.S. The official Goonie Trading Discord is LIVE!!! (https://bit.ly/GoonieDiscord)
Earnings
Monday, August 10th
Morning: Bekshire Hathaway
Tuesday, August 11th
Evening: CoreWeave & SuperMicro
Wednesday, August 12th
Morning: Nebius
Evening: Cisco
Thursday, August 13th
None
Friday, August 14th
None
Market Events
Monday, August 10th
None
Tuesday, August 11th
10:00 AM ET Existing Home Sales (Jul)
Wednesday, August 12th
08:30 AM ET CPI MoM & YoY (Jul)
10:30 AM ET Crude Oil Inventories
01:00 PM ET 10-Year Note Auction
Thursday, August 13th
08:30 AM ET PPI MoM & YoY (Jul)
08:30 AM ET Initial Jobless Claims
01:00 PM ET 30-Year Bond Auction
Friday, August 14th
08:30 AM ET Retail Sales MoM & YoY (Jul)
10:00 AM ET Consumer Sentiment
Seasonality Update
S&P 500 Seasonal Bias (Monday, August 10th)
- Bull Win Percentage: 50%
- Profit Factor: 2.26
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Tuesday, August 11th)
- Bull Win Percentage: 50%
- Profit Factor: 0.50
- Bias: Bearish
Equity Curve -->
S&P 500 Seasonal Bias (Wednesday, August 12th)
- Bull Win Percentage: 54%
- Profit Factor: 2.32
- Bias: Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Thursday, July 13th)
- Bull Win Percentage: 54%
- Profit Factor: 1.49
- Bias: Leaning Bullish
Equity Curve -->
S&P 500 Seasonal Bias (Friday, August 14th)
- Bull Win Percentage: 54%
- Profit Factor: 2.17
- Bias: Leaning 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 (16 for 16 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: 11 Trades
August Record: 16/16 Units
Monday, Aug. 3rd
SPY Put Credit Spread (2x Multiple @ $748 / $747) 🟢
QQQ Put Credit Spread (2x Multiple @ $685 / $684) 🟢
Tuesday, Aug. 4th
SPY Put Credit Spread (2x Multiple @ $758 / $757) 🟢
QQQ Put Credit Spread (2x Multiple @ $706 / $705) 🟢
Wednesday, Aug. 5th
SPY Call Credit Spread (2x Multiple @ $777 / $778) 🟢
QQQ Call Credit Spread (2x Multiple @ $729 / $730) 🟢
Thursday, Aug. 6th
SPY Call Credit Spread (2x Multiple @ $772 / $773) 🟢
QQQ Call Credit Spread (2x Multiple @ $720 / $721) 🟢
Friday, Aug. 7th
No Signal Produced
Haircuts
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!
Both of these trades missed.Both of these trades hit if held until close -- 4 total units!
