The mainstream media is focusing on the jobs report, which was released this morning.
But while this report can give you a general idea of the state of the markets, the numbers are skewed (I'll tell you why in a moment).
So instead of focusing on a flawed report that doesn't give you the full picture, the best thing to do is to look at the "Four Corners."
Here Are Your Four Key Takeaways
- Stocks: Since August, the stock market has shown upwards mobility and doesn't look to be slowing down anytime soon. Based on this pattern, this bullish reality will continue for the next four weeks.
- Bonds: It looked like bond prices would continue to rise, but they have instead reversed. This is good news for the U.S. economy as it shows our economic data is growing and becoming stronger.
- Currencies: When compared to the U.S. dollar, the Canadian dollar was showing significant growth until the beginning of September but has since fallen. As long as this doesn't run out of control, this is a good sign. We recently discussed how the U.S. dollar impacts your investments and the best ways to play it, right here.
- Commodities: Crude oil has seen a spike in price since the end of August, and this means companies related to the oil industry will see a huge boost in profits. It also means you will see a rise in prices at the pumps.
Overall, you're looking at a mostly bullish market throughout the month of October - and that makes it the perfect time to capture profits. In fact, members of my premium service had the opportunity to bank 333.5% total gains just in the last two weeks. To find out how they did it - and how you can get in on the action, just click here.
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The post Your Seven-Day Market Forecast and How to Profit appeared first on Power Profit Trades.
About the Author
Tom Gentile, options trading specialist for Money Map Press, is widely known as America's No. 1 Pattern Trader thanks to his nearly 30 years of experience spotting lucrative patterns in options trading. Tom has taught over 300,000 traders his option trading secrets in a variety of settings, including seminars and workshops. He's also a bestselling author of eight books and training courses.