The Weekly Income Report is coming to you a bit late this week, as I was out on Monday. A big thank you to Jeff Wood for filling in with a market update following last Friday’s blowout rally and a look at some sectors you should be watching. If you missed his article, you can check it out here.
Today, we’ll look back at our results from the prior week. Here are all the closed trades from the week of April 28 to May 2:
We closed eight trades across our services, all of them winners, generating $1,685 in cash in the live account.
In a changeup from recent weeks, most of our closed trades were bullish leaning. But not all. We exited another successful Russell 2000 (RUT) trade in the 5K Challenge program. This was our seventh winning RUT bear call spread in a row in that service. Since mid-March, we’ve generated more than $2,000 in income in the live account and averaged a 9% return on our capital with an average holding time of just 2.6 days.
But outside of RUT, the majority of our closeouts were neutral-to-bullish leaning. This shift reflects the return of the risk-on trade in recent weeks.
Stocks have rallied as concerns about President Donald Trump’s tariffs seemed to temporarily subside. In addition, Wall Street seemed reassured by signs Federal Reserve Chair Jerome Powell would keep interest rates steady despite Trump’s calls for a cut and the strong earnings season despite growing economic concerns.
As of May 2, nearly three-quarters of S&P 500 companies had reported earnings for Q1 2025. Of those, 76% had beaten earnings estimates and 62% had reported better-than-expected revenue numbers, according to FactSet. The percentage of companies that have exceeded earnings estimates is above the 10-year average, as is the magnitude of the beats.
However, analysts are reducing their estimates for the second quarter by more than normal. That’s not surprising given the massive degree of uncertainty that’s resulted from the ongoing trade war.
Rather than get ahead of earnings, we’ve entered a handful of post-earnings trades, taking advantage of still-elevated volatility levels. These included our bull put spreads on Netflix (NFLX) and Capital One Financial (COF) in the Income Masters program.
Looking at the Weekly Income Report table above, none of the prior week’s trades was a clear standout on a cash basis, with most yielding around $200 to $400 in profits. Taken as a group, though, the Millionaire’s Trading Club VIP trades delivered the most income.
We entered four trades during the live trading session on April 25, closing three of them last week for a combined $615 in cash in one week.
Those profits are likely to ramp up in the days ahead. That’s because we are holding a Millionaire’s Trading Club event that will feature three days of virtual trading May 13-15.
This event is for Millionaire’s Trading Club VIP members, as well as those who’d like to see what MTC is all about. Maybe you’ve attended a live event with us in Vegas or elsewhere, or maybe you’ve wanted to but haven’t had the chance yet.
Our goal with next week’s event will be to make four to five trades per day and close them a few days (or possibly even a few hours) after putting them on. We’re targeting $2,500 in cash from these trades.
Of course, this is merely a goal. However, we’ve netted over $5,300 in total income from our recent Millionaire’s Trading Club events.
Next week’s three-day event will be a great way to experience the Millionaire’s Trading Club (without having to purchase a plane ticket), especially if you are considering upgrading to our Traders Reserve VIP Access Pass. If you’re interested in joining us, you can sign up here.
