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SPY ETF Trade Alert Ahead of October Non-Farm Payroll Numbers – Thu Nov 3 2022

Nov 3, 2022 | SPY ETF Hedge Strategy (SPY), Trade Ahead Of Unemployment Report, Trade Alerts and Ideas

On Fri Nov 4 2022 the October Non-Farm Payroll numbers will be released at 8:30, before markets open.

Analysts have changed their outlook a number of times recently but the consensus as of Thursday morning is for 205,000 which is below last month’s 263,000 which continues to point to a very tight labor market. This morning before the open the initial jobless claims came in at 217,000 which was slightly below estimates of 220,000 but was still below last week’s initial jobless claims. All the numbers so far point to high levels of employment and very tight job market.

For October analysts are expecting the unemployment rate to be steady at 3.5%. A higher rate might initially rally stocks until talk of recession returns. A lower number means no change to the outlook for higher interest rates.

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

This trade was a lot less expensive than the prior month’s trade and still has the same goal of 100% return.

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

I have been using this strategy for approximately 16 years as of 2022, 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 16 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. These are simply trades I am entering or considering.

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

SPY ETF Trade Alert Ahead of October Non-Farm Payroll Numbers – Thu Nov 3 2022



Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.

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