Thursday 19 September 2024

This Trade Idea Is Eyeing YTD Highs, and the Fed’s 50-Point Rate Cut

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

This Trade Idea Is Eyeing YTD Highs, and the Fed’s 50-Point Rate Cut
 
 
Powell announced a 0.5% rate cut.  Was it still too little too late, too much too early, or just right for the time being? Do rate cuts even actually matter for short-term trading? 

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. 


Today’s Daily Chart Setup: Neogen (NEOG)  
 
 
This idea came directly from my Daily Chart Setup that automatically signals potential plays. 
 
NEOG is a new potential entry. Target: 19.14 Stop below: 13.69
NEOG has a historical win rate of 91.67%
NEOG has a profit factor of 2.493
NEOG trades last 58 trading days on average over 24 trades since 1989.

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
 
 
I wasn't planning to share this yet, but after talking to Roger Scott, I realized I can't keep it under wraps any longer.

For the past two months, I've been using a new options-trading tool based on a market algo that's totally changed how I trade options.

It’s been finding opportunities for 50% gains in just 60 minutes. Not once a day... Not twice… 

But rather up to 10 times daily.

Sounds crazy, right? That's exactly what Roger said when I told him.

So I walked him through the numbers… 454 live trade signals since July 10th… 74.5% win rate with an average hold time of less than 24 hours.

Roger was so stunned, he insisted we record our conversation for everyone.

 
 
 

If you want to know what's possible with the right tools, you can listen in on our call.

It’s a straightforward conversation about what this trading tool can do, and how you can start using it yourself.

So if you want to hear how I’m finding these 60-minute surges…

 
 
You Can Eavesdrop Here
The stated results are from hypothetical options applied to real published trade alerts. From 7/10/24 - 9/18/24, the result was a 75% win rate on 514 trade signals with an average hold time of less than 24 hours on the underlying stock. Performance is not indicative of future results. Trade at your own risk and never risk more than you can afford to lose.
_____________________________________________________

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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