Thursday, May 23, 2024

FOMC and NVDA moved markets

Down, then up…
 
   
     
JEFFRY TURNMIRE’S MORNING MONSTER
Down, then up…
 
 
 

The release of the FOMC minutes yesterday at 2pm Eastern caused a spike down, followed by a rally… Then NVDA earnings came out, followed by  volatility and a grind higher… Next week is a short holiday week.

Plus, stocks are popping and dropping! Tune in to see Jeffry’s high-conviction trades for today!

 
 
Watch today’s Morning Monster Now!

P.S. Click here to subscribe to Jeffry’s YouTube channel completely FREE — and you’ll never miss another episode of Morning Monster again.

 
 
 
He’s Perfected the Art of Trading Over the Weekend…

Lance Ippolito is a legend for his weekend trades…

But whenever a 3 day weekend comes around, he can barely contain himself…

Because history has shown some of his biggest wins happen on 3 day weekends!


And now he wants to share 3 simple trade ideas for this upcoming Memorial Day weekend!

 
 
TURNMIRE TRADING NEWS MINUTE
The Tesla Chop
 

Just before reporting earnings on April 23, Tesla (TSLA) hit Jeffry’s longtime downside target and bounced.

It was a move that stunned many traders. After all, Tesla had been on a long downward slide and word on the street was that it wasn’t moving many cars.

So why the change? As Jeffry always reminds us: The news doesn’t make the charts.

The stock went on to spike as much as 43% off its lowest low — stopping just shy of 200.

The stock has since settled down and wavered between about 168 and 188.

What’s the next move? Jeffry tells us right now there’s no high probability play at the moment.

Key levels: If the stock breaks out above 200, that sets up a move to Jeffry’s longer term targets up  as high as 350 or even 500.

Meanwhile, he says he sees support in roughly the 155 to 162 range. If the stock hits that range and heads higher, it could be the signal it's ready for a breakout.

Catch Jeffry’s full TSLA commentary on yesterday’s Morning Monster at 36:24.

— The Jeffry Turnmire Trading Team

 
 
TURNMIRE’S TOP TRADERS
“I finally feel like…”
 

Greg has spent several years following Jeffry and honing his trading…

With over 150 options trades this year alone, he says he’s finally found his rhythm and finally feels like he can use trading as a way of supplementing his retirement income.

Way to go, Greg!

 
 
— The Jeffry Turnmire Trading Team

PS> Disclaimer: While Greg has found his rhythm with trading, it would only be right to remind you that all trading involves risk. Not everyone will achieve the same result.

All it takes is a wrong click of the mouse and that profitable trade you thought you were entering could turn out to be a clunker. Never trade with money you can’t afford to lose.

 

 
 
   
 

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