Friday 20 September 2024

This Trade Has a Great Profit Factor and a 90% Win Rate, and $4.5T Quad Witching

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

This Trade Has a Great Profit Factor and a 90% Win Rate, and $4.5T Quad Witching
 
 
Today we see around $4.5 trillion of notional options expiring during the quad-witching. This is reportedly the largest-ever September options expiration event. This will likely be the largest opex we have left before the elections. 

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: Franklin Electric (FELE) 
 
 
This idea came directly from my Daily Chart Setup that automatically signals potential plays. 
 
FELE is a new potential entry. Target: 110.62 Stop below: 92.01
FELE has a historical win rate of 90.0%
FELE has a profit factor of 3.898
FELE trades last 91 trading days on average over 30 trades since 1972.

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!

 
 
‘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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Tiny Moves, BIG Profit Potential: My chat with Roger Scott
 
 
Today's the big day — we're kicking off at noon ET SHARP!

I'll be with Roger Scott to walk everyone through how I’m finding multiple 50% gains or more from tiny stock moves trading opportunities every single day. It’s completely changed how I approach the markets.

Make sure you're ready once the room is open!

 
 
Just Go Here By Noon to Join Us!
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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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