Wednesday 16 October 2024

What to Watch for When Money Rotates to Tech, and Inflation Tsunami Incoming?

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

What to Watch for When Money Rotates to Tech, and Inflation Tsunami Incoming?
 
 
A growing tsunami of global liquidity is likely to push U.S. markets to higher and higher highs, as nothing is correlated tighter to U.S. markets than global liquidity.  

The evil side effect will be a return of inflation!

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. 

 
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Market Rotation from Financials to Tech: What to Watch For

Earnings season is in full swing, and all eyes have been on the banks. We’re in the last earnings season of 2024, and so far, financials are holding up better than expected. 

Some big guns continue to fire today with Morgan Stanley (MS) and US Bancorp (USB) reporting, along with First Horizon (FHN) and Synchrony Financial (SYF). 

Now, Netflix (NFLX) is one of the big tech names reporting this week — and while it’s not part of the "Magnificent 7" (you know the group — Microsoft, Amazon, Meta, Apple, Nvidia, Alphabet and Tesla), it’s still worth watching. 

Netflix has historically driven a lot of volume, and we’ve got other big tech names coming soon after. We’re in that phase of the earnings cycle where money flows into financials first and then rotates into tech, so we’ll likely see more movement across the board in the coming weeks.

Now let’s talk about the S&P 500 (SPY). 

We’ve blasted right through targets and now have 6,000 in sight. It feels wild to be sitting only about 140 points away, considering how far we’ve come. Just a few years ago, 6,000 seemed like a pipe dream, but here we are, closing in on it. 

The Nasdaq also still has room to run, especially as tech catches up to the financials in the likely rotation. There’s still juice left, and we’re waiting to see how earnings season shakes out for big tech. 

With earnings season just getting started, there’s a lot to keep an eye on, and I’ll be breaking it all down during my “Morning Monster” sessions. Be sure to join me live at 9:15 a.m. ET every day!


Today’s Daily Chart Setup: HireQuest (HQI)  
 
 
This idea came directly from my Daily Chart Setup that automatically signals potential plays. 
 
HQI is a new potential entry. Target: 15.61 Stop below: 11.42
HQI has a historical win rate of 88.89%
HQI has a profit factor of 6.574
HQI trades last 107 trading days on average over 9 trades since 2002.

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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[LIVE AT 11:15] Targeting 50% Gains in ‘60-Minute Surges’ 
 
 
I've got those tickers ready for you today…

My new options-trading algo just flagged a new set of stocks that could surge 50% in 60 minutes or less, and I’ll cover them today at 11:15 a.m. ET today, Oct. 16… 

 
 
 

So far, this algo has been able to pull off 686 trade signals with a 74.2% win rate in just two months.

Not bad at all when you consider the fact that 97% of traders lose money in the market every day.

And while I cannot promise future returns or against losses, I'll walk you through these tickers, and show you exactly how to start using this algo yourself.

 
 
See You at 11:15 a.m. SHARP!
Stated results are from hypothetical options applied to real published trade alerts. From 7/10/24 - 10/11/24 the result was a 74% win rate on 731 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.
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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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