Friday, 15 November 2024

November Retail Sales and a Trade Idea With a Near-80% Success Rate

Plus, November PPI?!
 
   
     
November Retail Sales and a Trade Idea With a Near-80% Success Rate
 
 
Retail sales numbers for November are out in the premarket. Not just that we also have a November record notional $2.9 trillion of options expiring today. Is the reaction a pop or a drop?

Come join me as we dive in and see what’s 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: UDR Inc. (UDR)  
 
 
This idea came directly from my Daily Chart Setup that automatically signals potential plays. 
 
UDR is a new potential entry. Target: 48.49 Stop below: 40.04
UDR has a historical win rate of 79.49%
UDR has a profit factor of 1.307
UDR trades last 61 trading days on average over 39 trades since 1980.

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 be sure to hit that Subscribe button on my YouTube page!
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This Could End in a 30-40% Drop… 
 
 
Listen...

Last week's election results just triggered some of the most aggressive market moves I've ever witnessed.

Bitcoin didn't just break records — it obliterated them, shooting up to $90K! Wall Street's hitting numbers we've never seen. And the dollar? 

Its strongest surge in eight years...

But while everyone's celebrating this "new bull market"...

I've uncovered something that's made me completely rethink my entire trading approach.

After spending the last couple of days analyzing the institutional order flow data, I've identified specific warning signals that point to what I've been calling "The Greater Depression."

This is not a typical correction and not a small pullback.

I'm talking about a potential 30-40% drop in the major indexes.

And the most concerning part? A similar pattern I spotted before the COVID crash is forming again right now.

 
 
See What I Mean 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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