Non-farm payrolls played a big rope-a-dope on the market between yesterday and today.
The low of the S&P 500 yesterday, 4135, was just over the open today of 4115.
The market was waffling under 4125 and has now popped above 4138…
Image from Yahoo Finance
Similarly, AAPL is down and is currently hitting against resistance.
If AAPL falls apart in the afternoon, we could see the market drop as well.
I am looking ahead to next week, since the market still has time to move this afternoon.
- United States Oil ETF (NYSEARCA:USO)
Oil is getting a pop on nonfarm news and USO is moving higher again.
- DraftKings Inc (NASDAQ:DKNG)
DKNG is blowing up. We could see DKNG head back to $20.
- iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)
We are seeing massive put buying in HYG, so rates could be heading higher.
Until next time,
My Private Room: What You Missed
A special guest stopped by the Profit Revolution live show yesterday.
My nephew, Johnny Sebastian, wrote the Profit Revolution theme song that plays during my live show intros, and yesterday he played that song live and also played the world premiere of the new theme song for Inside Money Trader…
Watch right here:
Last week in my Inside Money Trader room, traders exited portions of a big money trade on PBR for both 50% AND 100% profits… all in a week’s time.
On Monday, I gave a trade on F that has already made 50% profit.
If you SIGN UP now, you’ll be there in time to receive the next trade.
CLICK HERE to find out how or call Gabe and his team at: 877-848-3418 to learn more.
August 05 2022