Happy Friday, Zingernation! If Succession taught us anything, it’s that sometimes family matters can be bad for business. That’s why Warren Buffett has his own succession plan — with no cousin Gregs involved.

–Aaron Bry and Nic Chahine

Today’s Price Action:

$SPY: +1.24%
$QQQ: +2.01%
$DIA: +1.19%

Plus, 27% profit every 20 days?

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TODAY’S MOST VOLATILE STOCKS

TODAY’S TOP STORY

Jobs Growth: 'The Market Should Love This Report'

Briefly: In April, the U.S. economy added 175,000 jobs, falling short of expectations and down from the 315,000 jobs added the previous month.

Basically: Overall, the jobs data was weaker than expected. On top of the shortfall, the unemployment rate inched up from 3.8% to 3.9%, while average hourly earnings growth slowed to 0.2% in April, slightly below expectations.

Big Picture: The April jobs report suggests a shift toward a better rebalance between labor supply and demand, and indicates a slowdown in economic growth following several robust quarters.

But Wait: That’s not a bad thing? Not according to Independent Advisor Alliance exec Chris Zaccarelli, who said, “The market should love this report.”

What Next: With the labor market cooling, the Federal Reserve may regain the confidence needed to ease monetary policy. Traders now price in a more than 70% probability of an interest rate cut by September.

Click here to read more.

PRESENTED BY BENZINGA RESEARCH

27% profit every 20 days?

That's what Nic Chahine averages with his options buys. No, he's not selling covered calls or spreads… he's BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. The secret: When you wait for a stock to hit his “MoneyLine” on the chart, you pile in. There’s no fancy indicator or software. Just a free chart. Buy when it hits the MoneyLine… sell when it touches the next MoneyLine. Simple. He's used this method for 20 years to trade full-time and win more than any other options trader. Here's how.

ONE TRADE IDEA FOR NEXT WEEK

If Bitcoin Reclaims $62K, Trader Sees 'Green Light For More Madness'

Briefly: Heavily followed crypto trader Cold Blooded Shiller shared his thoughts on Bitcoin’s short-term prospects, expressing skepticism about reclaiming the $62,000 mark.

So Basically: In his latest tweet, Shiller expressed his belief that, despite the positive momentum, the $62,000 mark still represents a bearish retest for the world’s largest cryptocurrency.

But Then: He also highlighted the potential for further upside, stating, "The good news is, if it does reclaim, we’ve got the green light for more madness."

So What? This sentiment suggests that a successful breach of the $62,000 resistance could open the doors for a continued rally in the Bitcoin market.

But Still: Cold Blooded Shiller tempered expectations, stating, "I think if $62k is reclaimed that’s the correction done. But for what is worth, I don’t think we do reclaim it." On the bright side: “If it does reject you all made lots of money in this bounce, right?"

Click here to read more.

PRESENTED BY BENZINGA RESEARCH

27% profit every 20 days?

That's what Nic Chahine averages with his options buys. No, he's not selling covered calls or spreads… he's BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. The secret: When you wait for a stock to hit his “MoneyLine” on the chart, you pile in. There’s no fancy indicator or software. Just a free chart. Buy when it hits the MoneyLine… sell when it touches the next MoneyLine. Simple. He's used this method for 20 years to trade full-time and win more than any other options trader. Here's how.