Tuesday, June 18, 2024

Retail Sales Numbers

plus markets are closed tomorrow
 
   
     

 
 
JEFFRY TURNMIRE’S MORNING MONSTER
Retail Sales Numbers Hit Markets
 
 
 

Retail sales numbers are out this morning! If receipts were any indication the numbers should be back in line with expectations. But how are markets reacting after the move up yesterday?

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.

 
 
 
Unlock Crypto Cash Glitches!

Discover a groundbreaking way to profit from Bitcoin's volatility without guessing its direction.

Past Crypto Cash Glitch trades have averaged 26.28% returns per trade — 25 trades in total — over the past 9 months…

And so far, the strategy has maintained a perfect 100% win rate! (though no one can promise against losses)

 
Click to discover Crypto Cash Glitches!

 
 
TURNMIRE TRADING NEWS MINUTE
Sell in May and Go Away?
 
 
On yesterday’s Morning Monster, Jeffry showed a chart demonstrating the power of seasonality across more than 70 years.

The chart showed the cumulative growth of $1000 in the S&P from around 1950 to the present.

For anyone who invested in the S&P between May and October, the hypothetical $1000 barely grew in the 70+ years the chart showed.

Those who followed the standard advice fared much better with their hypothetical $1000 growing to near $500,000.

But shockingly, anyone who remained in the market year round did the best — by a long shot!

 
 
For these hypothetical traders, their $1000 would have grown to a present value of just over $4,000,000!

How's that possible?

Jeffry pointed to something that one of his top traders who goes by the name of Goose has said:

Each year has about 10 trading days a year that really move markets — and if you miss those 10 days, you’re missing 85% of the gains that happened that year.

The trouble is that no one knows when those 10 days are going to happen.

The moral of the story? Jeffry tells us that it's the need to remain exposed to the market to capture the gains on those 10 big days each year.

As for what we can expect coming up in markets, he went on to show charts of S&P and Nasdaq seasonality.

While the S&P typically moves just over 1% June thorugh October, the Nasdaq chart tells a much different story, with the index moving an average of 5%.

If this seasonality holds true this year, keep your eye on the QQQ, as it could continue setting new all time records throughout the summer.

It's already been the biggest gainer of the three major indexes this year, rising over 32% year-to-date.

For Jeffry's full analysis, tune in to Monday's Morning Monster at the 1:15 mark.

— The Jeffry Turnmire Trading Team

 

 
 
TURNMIRE’S TOP TRADERS
Meeting of the Minds
 

Jeffry’s “Turnmire Trading Labs” inner circle members gathered last week in Knoxville, TN… and quite honestly, we don’t have the words to do it justice, so click the image below and just read…

Notice what folks are saying. It’s not your typical testimonial saying “Thanks. I learned a lot”...

After months and sometimes years of trading online together, these folks have made connections and forged friendships after the in-person meeting.

Turnmire Trading Labs is more than a group. It’s a trading family.

 
 

— The Jeffry Turnmire Trading Team

Disclaimer: All trading involves risk. Past performance is not indicative of future results and you should never risk more than you are willing to lose.
 
   
 

No comments:

Post a Comment

What’s in store for Trump’s DOJ

Presented by America’s Credit Unions and the Independent Community Bankers of America: The unofficial guide to offic...