Are The Magnificent 7 Giants Set for a Major Retracement?

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

MY $25K, 1,000 WINS BY JULY CHALLENGE BEGINS THURSDAY — JOIN THE FUN HERE AT 4 PM ET!   The Last Trading Day of 2024!  Tuesday puts the wraps on trading in 2024 and the market is closed for New Year’s Day tomorrow... 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.   — — —  Are The Magnificent 7 Giants Set for a Major Retracement? The Magnificent Seven have been the market darlings of the past couple of years, driving much of the gains in the Technology sector (XLK).  These heavyweights — Microsoft (MSFT), Amazon (AMZN), Meta (META), Apple (AAPL), Nvidia (NVDA), Google parent Alphabet (GOOGL), and Tesla (TSLA) — have defied gravity for months, but cracks in the charts suggest that a retracement could be looming. Let's start with Microsoft and Apple, both sitting near all-time highs.  While these two giants boast robust fundamentals, the technicals are signaling caution. Apple’s price-to-sales ratio is at a record high, and the stock has logged an unprecedented eight straight weeks of green candles. A retest of the breakout area — potentially around its Market Roadmap line — seems not only likely but healthy. Tesla and Nvidia, on the other hand, have had explosive runs thanks to their association with electric vehicles and artificial intelligence. Nvidia, in particular, has seen meteoric growth, but its price action hints at overextension.  If broader market volatility continues, expect Nvidia to retrace to its Roadmap line or even test lower support levels. Amazon and Alphabet have been grinding higher, but both have also struggled with meaningful breakouts in recent weeks. Alphabet — aka Google — has hit its upside targets but is now at risk of a pullback as it retests previous breakout levels.  Similarly, Amazon has approached key resistance zones, and a retracement to its Roadmap line could create a compelling buying opportunity for long-term investors. Meta, which has reinvented itself around the metaverse and AI, hasn’t seen its Roadmap line since August. Should we get a broader market sell-off, Meta might revisit this level, aligning with a more significant correction across the Nasdaq. Tesla has been hanging tough, but its technical setup suggests a proportional move down could be coming. If Tesla hits prior resistance levels turned support, it could set the stage for another leg higher — but only after shaking out weaker hands. The bottom line?  The Magnificent Seven have delivered stellar returns, but no stock — no matter how dominant — can climb forever without pausing. Retracements are natural and often necessary for sustaining long-term growth.  Keep an eye on their Roadmap lines as key levels to gauge whether these giants are offering pullbacks worth buying or signaling deeper corrections ahead. Today’s Daily Chart Setup: No Signal Today 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! _____________________________________________________ My $25K, 1,000-Win Challenge Is Ready  I'm doing something pretty wild to kick off the new year…  I’m opening up a fresh $25,000 trading account… with the goal of hitting 1,000 winning trades before July. Not 100… not 500... but rather 1,000 winners in just six months! Most traders would call me insane for even attempting this, but there's a method to my madness. See, I've discovered something that's been quietly working in the background of the market.  A pattern so predictable, it only requires me to focus on three specific tickers. And I'm going all-in on this starting Jan. 2! Here's why I'm telling you this... At 4 p.m. ET on Thursday, I'm hosting a special kickoff session where I'll reveal exactly how I plan to tackle this 1,000-win challenge. While I cannot promise future returns or against losses, you'll see the three tickers… The specific pattern I'm targeting, and how you can follow along with every single trade. This isn't some "maybe someday" plan — we're starting the moment markets open in 2025. Want in from trade No. 1? Tap this link to let me know you’ll be joining me.   Tap This Link to Join Me Thursday! _____________________________________________________ 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.

MY $25K, 1,000 WINS BY JULY CHALLENGE BEGINS THURSDAY — JOIN THE FUN HERE AT 4 PM ET!   The Last Trading Day of 2024!   Tuesday puts the wraps on trading in 2024 and the market is closed for New Year’s Day tomorrow...   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.   — — —  Are The Magnificent 7 Giants Set for a Major Retracement?   The Magnificent Seven have been the market darlings of the past couple of years, driving much of the gains in the Technology sector (XLK).    These heavyweights — Microsoft (MSFT), Amazon (AMZN), Meta (META), Apple (AAPL), Nvidia (NVDA), Google parent Alphabet (GOOGL), and Tesla (TSLA) — have defied gravity for months, but cracks in the charts suggest that a retracement could be looming.   Let's start with Microsoft and Apple, both sitting near all-time highs.    While these two giants boast robust fundamentals, the technicals are signaling caution. Apple’s price-to-sales ratio is at a record high, and the stock has logged an unprecedented eight straight weeks of green candles. A retest of the breakout area — potentially around its Market Roadmap line — seems not only likely but healthy.   Tesla and Nvidia, on the other hand, have had explosive runs thanks to their association with electric vehicles and artificial intelligence. Nvidia, in particular, has seen meteoric growth, but its price action hints at overextension.    If broader market volatility continues, expect Nvidia to retrace to its Roadmap line or even test lower support levels.   Amazon and Alphabet have been grinding higher, but both have also struggled with meaningful breakouts in recent weeks. Alphabet — aka Google — has hit its upside targets but is now at risk of a pullback as it retests previous breakout levels.    Similarly, Amazon has approached key resistance zones, and a retracement to its Roadmap line could create a compelling buying opportunity for long-term investors.   Meta, which has reinvented itself around the metaverse and AI, hasn’t seen its Roadmap line since August. Should we get a broader market sell-off, Meta might revisit this level, aligning with a more significant correction across the Nasdaq.   Tesla has been hanging tough, but its technical setup suggests a proportional move down could be coming. If Tesla hits prior resistance levels turned support, it could set the stage for another leg higher — but only after shaking out weaker hands.   The bottom line?    The Magnificent Seven have delivered stellar returns, but no stock — no matter how dominant — can climb forever without pausing. Retracements are natural and often necessary for sustaining long-term growth.    Keep an eye on their Roadmap lines as key levels to gauge whether these giants are offering pullbacks worth buying or signaling deeper corrections ahead.   Today’s Daily Chart Setup: No Signal Today   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! _____________________________________________________ My $25K, 1,000-Win Challenge Is Ready   I'm doing something pretty wild to kick off the new year…    I’m opening up a fresh $25,000 trading account… with the goal of hitting 1,000 winning trades before July.   Not 100… not 500... but rather 1,000 winners in just six months!   Most traders would call me insane for even attempting this, but there's a method to my madness.   See, I've discovered something that's been quietly working in the background of the market.    A pattern so predictable, it only requires me to focus on three specific tickers.   And I'm going all-in on this starting Jan. 2!   Here's why I'm telling you this...   At 4 p.m. ET on Thursday, I'm hosting a special kickoff session where I'll reveal exactly how I plan to tackle this 1,000-win challenge.   While I cannot promise future returns or against losses, you'll see the three tickers…   The specific pattern I'm targeting, and how you can follow along with every single trade.   This isn't some "maybe someday" plan — we're starting the moment markets open in 2025.   Want in from trade No. 1? Tap this link to let me know you’ll be joining me.   Tap This Link to Join Me Thursday! _____________________________________________________ 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.

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to phanxuanhoa60.trade1357@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to phanxuanhoa60.trade1357@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub