Monday, May 20, 2024

“The market can remain irrational longer than you can remain solvent”

(don’t fight the trend)
 
   
     
JEFFRY TURNMIRE’S MORNING MONSTER
It Doesn’t Have To Make Sense
 
 
 

There is great potential that the Fed has made yet another policy error, but the market is shrugging it off and trying to break out higher for now. Remember, we can push irrationally higher for longer than you can remain solvent. In other words: Don't fight the trend.

Plus — stocks are popping and dropping so come find out what today’s high-conviction trade ideas are!

 
 
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.

 
 
 
Are we setting up for Black Monday again?

Less than 30 days from now, a market-rocking event could strike markets.

Reuters calls it “The greatest credit bubble in human history” and Business insider says it looks just like Black Monday…

And once the news from this event breaks… Volatility could skyrocket!


Discover how savvy traders can prepare for this event!*
*Click to opt-in to information from Fallout & get periodic updates from Alex Reid (privacy policy).

 
 
TURNMIRE TRADING NEWS MINUTE
Wall Street Backs Bitcoin
 

We talked a bit about Bitcoin’s recent lackluster performance this past week, touching briefly on how multiple forces are lining up which could make this current post-Halving rally one for the ages.

One of those forces is Wall Street’s sharp about-face on the digital currency.

This is perhaps most evident in these two side-by-side headlines, printed 6 years apart.

In the first one on the left from 2017, BlackRock CEO Larry Fink was quoted calling Bitcoin some nasty names.

Then on the right in a headline from June 2023, almost 6 years later, BlackRock is seen filing for a spot Bitcoin ETF.

 
 

It’s kind of indicative of how Bitcoin has been treated by legacy financial institutions until recently.

And just yesterday, Jeffry shared a news headline with us showing exactly how that Wall Street support is starting to take shape:

 
 

The story reveals that firms as big as Morgan Stanley, JPMorgan, Wells Fargo and others have a combined $3.5 billion invested in the digital currency through one of the 11 Bitcoin spot ETFs approved this past January by the U.S. Securities and Exchange Commission.

Bitcoin’s Mainstream Moment

The arrival of the spot ETFs is sort of a “mainstreaming” moment for the digital currency.

Up until now, financial firms couldn't directly invest in Bitcoin. These spot ETFs now allow for that, making it possible for institutional investors to hold Bitcoin.

Additionally, the ETFs allow "average Joe" investors who never wanted to get involved in the intricacies of having a crypto wallet or creating a separate account on a crypto exchange to finally invest in Bitcoin.

This accessibility opens the door for a broader range of investors, bringing more capital into the market.

Many experts believe all of this — and more — will amplify the expected post-Halving rally to really send Bitcoin to the moon this time.

As Jeffry often reminds us, now that the Halving is behind us, the post-Halving rally is a 12-24 month process.

So if you’re getting involved in Bitcoin now — or in Jeffry’s favorite Bitcoin miner (MARA) — don’t get wrapped up in day-to-day price movements.

— The Jeffry Turnmire Trading Team

 
 
TURNMIRE’S TOP TRADERS
More Trades Than You Can Shake A Stick At
 

We’ve been teasing Jeffry’s latest project a bit lately.

It’s a bot that watches for his ideal setups in the market, and issues a trade alert as soon as it spots them hitting their entry signal.

Shockingly, between the two different timeframes it’s checking on, it’s issuing an average of 9 trades.

Right now, it’s just for Jeffry’s inner circle Turnmire Trading Labs members, but stay tuned, there’s a rumor going around that this might spin off into its own product with access to the general public.

Meanwhile, take a look below at what Turnmire Trading Labs members have been saying about the trades!

 
 

— The Jeffry Turnmire Trading Team

 
 
 
*Click to opt-in to information from Fallout & get periodic updates from Alex Reid (privacy policy).
   
 

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