The broader indexes are flat as the market digests jobless claims and International Trade in Goods and Services data — and more in Thursday’s stock market recap.
Weekly jobless claims rose a bit last week but were still in line with expectations. International Trade in Goods and Services came in at -$79.6 billion versus consensus estimates of -$81.9 billion, narrowing more than expected, which is exactly what we wanted to see happen.
Meanwhile, Walmart started laying off corporate workers little more than a week after the retail giant warned about inflation affecting consumer spending and cutting its full-year profit outlook.
All eyes will be on the United States’ largest private employer when it reports earnings on Aug. 16.
In this morning’s stock market recap video, I’ll reveal whether tech will continue to dominate… which sectors are becoming fragmented… whether volatility is ready to explode or trend lower… which sectors you need to pay close attention to and why… the top stocks to own right now for defensive moves to the upside… plus a full update on earnings and today’s data on the table.
Pattern Trader members had the ability this past Friday to lock in their biggest win yet — a 36% gain** on COF in just two days! That’s right on par with our average hold time of three days per trade…
That makes a total portfolio gain of 188%, with an average return of 17.1% per trade — what a hot streak!
And it was all possible with the power of today’s state-of-the-art algos at the tip of your fingers…
Pattern Trader members know the historic win rate, profit factor and equity curve of the trades before they even get in!
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time.
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