Markets have started Monday trading higher as we await Friday's payroll numbers for the month of April.

The estimates for Friday's number ranges anywhere from 700K jobs gains, all the way up to 2.1M jobs gained, with the consensus estimate just under 1 million jobs added last month.

It's gonna be interesting to see how the market balances the expectation for vast jobs added over the next few months, with the risk that an improving economy will mean that the Fed will begin to ease bond buying sooner than expected.

We have some nice action in some of our equities so far today:
WMT is up 1.83%. UBER is up 2.3%. MCD is up 0.83%. DIS is up 1.33%. And CRM is down 1%. (Numbers as of 10:40 am EST)

DIS is trading at $188.61. We bought DIS at $118.63. Disney continues to bounce off the $183 area, which correlates to its highs from December 31st. Disney is trading nicely higher today as it looks to retest its all-time high of $203.02. We want to see Disney trade through the $190 area, which has been an area of short term resistance, with volume. Disney reports numbers May 13.

CRM is trading at $227.65. We bought CRM at $215.35. CRM is trading into its bar of strength from April 9th with light volume. We want to see CRM hold $223.63, which is the low from April 9th. CRM reports numbers May 27.

WMT is trading at $142.28. We bought WMT at $140.91. WMT is accelerating higher today, and is now well within the gap from their prior earnings in February. WMT is perfectly positioned to benefit from the stimulus bill, while providing some exciting growth prospects. Next stop for WMT is $144.50, which will close the gap from February. WMT also has a dividend yield of 1.57% right now at this price level. WMT reports numbers May 18.

MCD is trading at $232.45. We bought MCD at $216.91. MCD reported strong earnings last week and continues to trade higher, making yet another all-time high today. MCD is now in an ABC up formation which will take it up to $255.76. MCD passed its B point the week of April 5th with 14+ million shares traded on a weekly basis vs. 10.5M and 9.5M at its B point back in October of last year. MCD has a dividend yield of about 2.18% right now at this price level.

UBER is trading at $57.84. We bought UBER at $31.50. UBER is bouncing nicely today off the spike low we got last week. Last week, the Labor Secretary Marty Walsh came out and stated that he felt gig workers should be classified as workers. This is not a new risk for Uber, but as I stated in Sunday's subscriber video I see the risks associated not as dramatic as Thursday's pull back may indicate.

As I stated a couple weeks back in a previous letter... "Uber's food delivery business may take a bit of a short-term hit as we overcome COVID, but their ride sharing business is about to explode and the chart is pushing all time highs rightfully so. Next stop for Uber is its high of $64.05."

Companies reporting earnings that are on our radar this week:

Monday: TSLA

Tuesday: CVS, UAA, PFE, COP before the open; ATVI, CZR, LYFT, TMUS, SPCE, ZG after the close

Wednesday: GM, HLT, LL, TUP before the open; FOXA, MET, RKT, UBER, WW, ZNGA after the close

Thursday: APRN, MRNA, PZZA, PENN, K, VIAC, W before the open; BYND, DBX, EXPE, PTON, ROKU, SHAK, SQ after the close.

Friday: DKNG before the open.

Stay tuned for updates!

Options Trades:
We sold a FB $310 - $312.50 credit spread for $1.00 credit, and this expired for a max loss of $1.50.

Short Term portfolio:
None active

Long Term portfolio:

Long half position in WMT at $140.91. WMT is trading at $142.62. Stop is $125.31.

We are effectively long CRM at $215.35. CRM is trading at $225.47. Stop is $193.64.

Long half position in DIS at $118.63. Disney is trading at $187.01. Stop is $98.45.

Long half position in UBER at $31.50. Uber is trading at $55.22. Stop is $26.24.

Long half position in MCD at $216.91. MCD is trading at $237.02. Stop is $189.50.