Monday 16 September 2024

Monday’s Trade Idea Could Get Your Motor Running, and Will a Rate Cut Provide Direction?

Join me at 9:15 a.m. ET for “Morning Monster”!
 
   
     

Monday’s Trade Idea Could Get Your Motor Running, and Will a Rate Cut Provide Direction?
 
 
Between the end of the quarter, the rate cut potential, the quad witching options expiration, the election noise and everything else, do you think a rate cut will provide this market direction this week? 

Come join me as we dive in and see what is moving!

Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live pre-market analysis on SPX, SPY, NDX, QQQ, Russell, IWM, and other stocks that are potential plays for the day. 


Today’s Daily Chart Setup 

This idea came directly from my Daily Chart Setup that automatically signals potential plays. You can find full details on exactly how this works by scrolling down further in this newsletter. 

Keep in mind that this is for informational and educational purposes only. Trade at your own risk. 


Standard Motor Products (SMP)
 
 
SMP is a new potential entry. Target: 35.41 Stop below: 28.0
SMP has a historical win rate of 82.93%
SMP has a profit factor of 2.539
SMP trades last 33 trading days on average over 41 trades since 1968.

Always remember that past performance is not indicative of future results — anything can happen in trading!

Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube!

 
 
‘Morning Monster’ Is Starting NOW!
I’m also live at 5 p.m. ET on Tuesdays for “30 Minutes of Awesome” — bring your ticker and I’ll analyze it in real time!

And please hit that Subscribe button on my YouTube page!
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Will Powell’s Rate Cut Trigger a Crash? 
 
 
Jerome Powell’s upcoming Fed announcement on Wednesday could be the trigger event for an epic market crash! 
 
 
You see…

The Fed Chair’s anticipated rate cut might signal the Fed’s acknowledgement of economic weakness… provoking a market collapse. 

Meanwhile, investors and traders expecting a cut could start selling BIG TIME if the cut size disappoints… or if it confirms recession fears… leading to significant volatility. 

That’s why I’m hosting a special Flash Crash Briefing with fellow trader Roger Scott at 1 p.m. ET on Tuesday, Sept. 17.

We’re going to discuss:

 
Roger’s top two stock picks to look at before the announcement so traders can be positioned for what could be a “lightning move” in the markets.
 
My No. 1 hedge trade: I put REAL money into so you can see how a pro trader with actual skin in the game plays the Fed’s announcement.
 
How to protect your portfolio no matter which way the market turns.

Of course, we can never guarantee gains or prevent losses… 

But we’re both expecting a palpable reaction to the Fed’s announcement

And you’ll get all our picks FREE just for attending…

 
 
See You at 1 O’clock on Tuesday!
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How the Daily Chart Setup Works
 
Here’s a more detailed description of how the pattern triggers:
 
1. The price breaks upward through the orange Market Roadmap Line. 

2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 

3. Once it touches the line and starts moving back up, that signals an entry. 

I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!

You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places!


Jeffry Turnmire
Jeffry Turnmire Trading

I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday!

Please check out my channel and hit that Subscribe button!

I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.

I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. 


*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 
   
 

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