MTM Options Trader Newsletter - How Employment Data Report Affects Stock Market

[image]( [image] This Week in the Market It was a short week of trading, but that did not stop buyers from pushing several indexes to all-time highs yet again. The Delta variant and heightened fears of inflation at home and a slowing global economy have done little to thwart buying up to this point. As has been the case, both the S&P 500 and Nasdaq appear to be the most extended higher as the Dow found some support from its 50-day moving average this past week. A bullish to non-bearish bias continues to make sense based on the technicals of the main indexes. Implied volatility levels ticked up a tad but remain relatively low and at support levels. Market participants will have their look at the first full week of trading in July. Quarterly earnings start this week with several financial institutions ready to report in addition to Alcoa. It is a fairly heavy week of expected economic reports with CPI, PPI, retail sales and consumer sentiment among the many set to be released. Remember to check the expected earnings date before taking any trades and have yourself a healthy and prosperous week! Jul 13: CPI Jul 13: Federal Budget Jul 14: PPI Jul 14: Beige Book Jul 15: Jobless Claims Jul 15: Industrial Production Jul 16: Retail Sales Jul 16: Consumer Sentiment Jul 16: Business Inventories [Read Our Blog]( How Employment Data Report Affects Stock Market On the first Friday of each month, we get a look at the recent employment data and how the report affects the stock market. These numbers are frequently the catalysts that start trends and even end them. Job creation is an essential sign of a healthy economy. The Federal Reserve has a dual mandate. One is to promote maximum employment. The other goal is to achieve price stability, which means keeping the inflation rate low and predictable. Conducting monetary policy and supervising and regulating banks are also duties of the Fed. [Continue Reading ...]( MTM Watchlist Here are several trade ideas we will be keeping an eye on in group coaching class this week: AMZN – The stock took a breather on Friday, but a concerted move above the $3,750 level could ignite even more bull call spreads. VLO – The stock bounced off some support at around $70 and looks to be headed higher. Bull call and bull put spreads will continue to be explored. TSLA – The stock succumbed to some selling pressure last week, and that trend may continue this week. Possible bear call spread will be considered depending on early week action. [image] Put Earnings Trades to Work What if you could trade a strategy that could help you replace uncertainty with confidence so you can profit consistently no matter what the stock market is doing? YOU CAN. This is a simple, data-driven, real-money proven strategy anyone can use that involves trading “earnings." It’s a "single-event trade" that is completely independent of market direction. And on Tuesday, July 13, at 6 p.m. Central, we’re going to share with you how it works and how you can get started in a free webinar for all our subscribers. [Join Here]( Please register early as we have limited space and expect a high turnout for this webinar. The strategies in this newsletter are for educational and informative purposes only. All information disclosed in this newsletter should not be considered complete in its entirety. Market Taker Mentoring, Inc. will not be held responsible for changes, oversights, errors or omissions. Dates, prices, news and other information may not be accurate. Please verify all information before trading. You alone are responsible for your own investment decisions. Options involve risk and are not suitable for all investors. Before trading options, please read Characteristics and Risks of Standardized Option (ODD), which can be obtained from your broker; by calling (888) OPTIONS; or from The Options Clearing Corp., 125 S. Franklin St., Suite 1200, Chicago, IL 60606. No statement in this newsletter is intended to be a recommendation or solicitation to buy or sell any security or to provide investment or trading advice. Traders and investors considering options should consult a professional tax advisor as to how taxes may affect the outcome of contemplated options transactions. Copyright Market Taker Mentoring, Inc. 2008 - 2021. All rights reserved. Reproducing or redistributing this content is a violation of federal law. [image] If you do not wish to be contacted via email, you can unsubscribe using this link: [Unsubscribe]( Unsubscribing from email notifications DOES NOT cancel your class, subscription or recurring payments. We recommend that current students do not unsubscribe from email notifications. If you unsubscribe from email notifications, you will not be notified on how to access the classes or subscriptions in which you are enrolled. Market Taker Mentoring, Inc. PO Box 117 Frankfort, Illinois 60423 United States