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MTD Has a Strong Win Rate and Profit Factor, and September PCE Did you catch what happened with Super Micro Computer (SMCI) on Thursday? With shares up about 4.6% on the day to just over $479, news broke that the Department of Justice is launching an investigation into the company... Soon after noon on the East Coast, shares were $379, down over 17%, just like that… Which is funny because I discussed this ticker during Thursday’s “Morning Monster.” I said:
I was also reminded of when I was warning everyone back in February, when SMCI was the talk of Wall Street and shares were trading above $1,000… That it was coming back down to $300. Not today, not tomorrow, but at some point. And here we are about months later, and it’s close. The stock was showing all the classic signs of a big-time bubble… Now, what’s next for this former high-flier? Tune into “Morning Monster” and it may just come up again! We have the latest Personal Consumer Expenditures number coming out in the premarket, and the last trading day of Q3 coming up Monday. 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 premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. I’m going live RIGHT NOW! Today’s Daily Chart Setup: Mettler-Toledo International (MTD) This idea came directly from my Daily Chart Setup that automatically signals potential plays.
This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results. You can find full details on exactly how this works by scrolling down further in this newsletter. Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube! 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! ‘Win-Both-Ways Trade’ World Premiere This Friday! Are you tired of guessing if stocks will go up or down? Are you tired of always being on the WRONG side of the market direction? Well we’re ecstatic to introduce you to Roger Scott’s Win-Both-Ways Trade… where being wrong has never felt so right! It’s a strategy that could help anyone target individual gains as big as 136%... 178%... and even 188% in just a few days… Without needing to guess if the stock is going to go up… or down! As crazy as it sounds… Roger will be live at noon ET on TODAY, Sept. 27, to unveil this unique strategy to the world for the first time ever. We don’t want to spill all the beans here… But the first 250 traders who sign up have a shot at claiming a very special limited-edition gift! How the Daily Chart Setup Works 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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