The major indexes fell this morning as interest rates jumped following a strong jobs report.
Nonfarm payrolls came in above expectations, continuing the year’s trend of strong jobs growth. The report caused Treasury yields to jump, weighing on the stock market.
Entering Friday, the S&P 500 has closed in the green four days in a row. And my strategies have been able to capitalize.
It was also a good week for several trading strategies, especially Precision Profits, which helped us lock in a 24%* gain on the Conagra Sept. 16, $35 calls in just three days!
And just so you have the full picture of how this strategy has performed, since its inception on Jan. 1, 2017, through July 8, 2022, Precision Profits has a win rate of almost 79%, with an average return per position of 4.6% and an average hold time of 22 days.
In this morning’s stock market recap video, we’ll review weekly trading action… discuss whether bonds will stay choppy… get an update on the Fed policy… you’ll learn which sectors are thriving and which ones are cooling off… how to trade the current market cycle… which stocks are generating momentum and which to be cautious of… plus what to expect next week.
No one knows for sure which way things will move next. And anyone that tells you otherwise is lying.
That’s why it’s critical to use strategies that have the opportunity to do well — regardless of which direction the market moves. And that’s why I’ve baked it into a strategy that I just shared LIVE, at no cost!
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.
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