Tuesday, 8 October 2024

This Trade Idea Is In the Strongest Sector, and Election Year Seasonality

Join me at 9:15 a.m. ET for “Morning Monster”!
 
   
     
This Trade Idea Is In the Strongest Sector, and Election Year Seasonality
 
 
I pulled a seasonality chart for the next month as we head into the election in just 28 days. It's looking like we might be in for some chop — but seasonality doesn't always hold true. 

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: Shell PLC (SHEL)  
 
 
This idea came directly from my Daily Chart Setup that automatically signals potential plays. 
 
SHEL is a new potential entry. Target: 75.1 Stop below: 62.73
SHEL has a historical win rate of 73.68%
SHEL has a profit factor of 1.493
SHEL trades last 32 trading days on average over 19 trades since 2005.

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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Don’t Miss Today’s Top Options Pit Setup 
 
 
If you missed him yesterday, Lance will share the top Options Pit setup LIVE at 1 p.m. ET today, Oct. 8!

To sweeten the pot for you, he’ll also give you the exact options Wall Street is buying.

Consider this a quick reminder and make sure you’re in the room with Lance at 1 o’clock sharp!

 
 
Just Go Here!
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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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