“Time is your friend; impulse is your enemy.”
I tried to come up with some pithy little story for you this morning.
I don’t know if it’s the gloomy weather outside, the post-vacation “depression,” or if my coffee just isn’t working today. I just don’t have the creativity this morning.
You know what?
Some days are like that.
It’s why I’m thankful to be trading inside a “boring” & simple system. I don’t have to do a ton of creative thinking, except when deciding on a stock to trade. But that’s pretty rare on Friday. Most of the time I’m just letting my Puts expire worthless or rolling them out to next week.
Simple.
Boring.
Uncreative.
Just goes to show that you don’t have to be super creative to make good money. You just have to follow a plan that works.
All right, let’s talk about today’s news...
Today’s Macro Headlines (Source: Yahoo Finance)
Employers added just 22,000 jobs in August, the monthly jobs report showed. The unemployment rate rose.
Yahoo Finance
Why it matters …
From the article …
“Following this report, stock futures were mixed with tech trading higher, and bond yields were falling as traders priced in a 100% chance the Federal Reserve cuts rates at the conclusion of its September meeting.”
This is certainly not good news for folks looking for a job, but it is good news for folks looking for a rate-cut from the Fed.
Index Snapshot

See the Legend in the footer below
Comments: We have a green opening today and bitcoin is up to the $113k which seems to be the top of its trading range. The market seems to be pricing in a rate cut this month. Expect smaller stocks (Russell 2000) to be bullish on this thought pattern.
Stock Spotlight (Premium subscribers only)
I’ve got a trade idea this morning that’s still going for around 1.44% return on risk into next Friday’s expiration.
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