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 Brands Inc. (NYSE: CAG) 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.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
P.S. Did You Catch This Urgent Training Session?
The market sits at a major crossroad.
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!
P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
On Fridays, we’ll review the week that was… We’ll discuss how our trades did, what we learned and how to apply it to next week’s trading plan, and any developing trade setups. This video will put a bow on the week. We’ll also go over winners from my different member strategies.
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to support@marketgeeks.com!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.
