SPY ETF Trade Alert Ahead of October Non-Farm Payroll Numbers – Thu Oct 31 2024

Oct 31, 2024 | Trade Ahead Of Unemployment Report, Trade Alerts and Ideas

On Fri Nov 1 2024 at 8:30 we get the October non-farm payroll report. These monthly reports often result in an increase in volatility and wider swings in the markets. Analysts are expecting a decline to 110,000 jobs from September’s 254,000 which was a surprise increase.

Investors are counting on the Fed continuing nterest rate cuts later this month. The employment numbers are pivotal to the Fed’s interest rate plan. At the same time many economists believe the economy is heading into recession.

The goal for this trade is a return of at least 100% against capital in use, depending on whether the S&P climbs or falls. The trade is designed to profit no matter which direction the S&P moves.

For members, the trade article explains in detail the outlook and the setup for this trade.

I have been using this strategy for approximately 18 years as of 2024, without any month taking a loss. But like everything in investing, past performance is not a guarantee of future results. At some point there will be losses in this strategy. Remember if you have never traded this type of strategy, paper trade until results are consistently profitable.

The monthly payroll numbers have been among the most tumultuous of events on a consistent basis, which for the past 18 years has driven this portfolio to exceptional gains annually.

Make sure to read the full trade article before deciding whether to enter a similar trade today. This type of trade is not the easiest to handle and should be paper traded to learn the ins and outs of the method employed before risking any capital. Remember that these are high risk trades that can result in losses.

I am not a financial planner or advisor and have no investment accreditations. I am an investor who has been investing since the bear market of the mid-1970’s. Nothing presented is advice or recommendations but are for educational and entertainment purposes only. These are simply trades I am entering or considering.

This Trade Ahead Of Non-Farm Payroll Numbers is for members