Monday, 7 October 2024

This Trade Has a Strong Profit Factor, and the Biggest One-Day Jump in Rates

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

This Trade Has a Strong Profit Factor, and the Biggest One-Day Jump in Rates
 
 
The unanticipated result of a surprise jump in jobs added to the economy was that we saw the largest single-day POP in mortgage rates — LARGEST in HISTORY.   The average 30-year fixed rate moved from 6.26 to  6.53 in just one day.

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: BJ’s Wholesale Club (BJ)  
 
 
This idea came directly from my Daily Chart Setup that automatically signals potential plays. 
 
BJ is a new potential entry. Target: 94.69 Stop below: 75.33
BJ has a historical win rate of 80.0%
BJ has a profit factor of 3.198
BJ trades last 37 trading days on average over 5 trades since 2018.

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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How You Should Prepare for the Election 
 
 
If you know me, you know I’m a political agnostic…

I don’t care much about the election, and I don’t think it’ll have a big impact on the markets, but I do think it’ll spark some new opportunities.

So, with that said: I’m excited to be joining the “Final Countdown” at 1 p.m. ET TODAY, Oct. 7…

 
 
 

Now, a lot of these guys DO think the election will have a big impact, and they’re gonna give you their perspective, too! 

And, while I might not agree with 100% of their takes, I respect these guys’ insights. And I’m bringing my own flavor, too… 

I’ll be revealing the one crystal clear indicator you can use to help forecast the election.

 
 
We Hope You Can Make It!
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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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