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Was the FOMC reaction a Taper Tantrum‽

markets rallied, then they realized what Powell said
 
   
     
JEFFRY TURNMIRE’S MORNING MONSTER
What The Fed REALLY Said Yesterday…
 
 
 

With inflation rearing back up Powell’s narrative “higher rates for longer” has become the headline… You heard it here first, months ago… But finally this revelation is hitting the mainstream — and markets aren’t liking it. Plus, the Fed confirmed they’d be stepping up “Quantitative Tightening” in June… and once markets realized that, the reaction was instantly negative. What comes next for a market coming to terms with a new reality?

And — as always — 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.

 
 
 
Beaten Down Stock Flashes BUY!

Mixed earnings… Fed rates chaos… War on multiple fronts… It’s enough to make a trader go mad!

But tune out the noise and hear this: Jeffry Turnmire’s custom-built VVD indicator is flashing a clear BUY signal on one beaten down stock!

April was ugly… and May is up in the air…

But it’s looking like blue skies ahead for THIS ONE ticker!

 
 
TURNMIRE TRADING NEWS MINUTE
EVs Before Tesla
 

Do you remember what EVs looked like before Tesla?

Here’s one from the 1960’s:
 
 

And here’s GM’s attempt with a model known as the EV1 in the mid-1990s:
 
 

Notice a pattern?

Why did EVs have to look so darn weird!? Who were they trying to sell to? It’s no wonder these vehicles failed.

But it wasn’t long after GM shut down production of their EV1 that Tesla came along and changed the game.

In 2003, Tesla was launched by engineers Martin Eberhard and Marc Tarpenning. That’s right — today, Tesla is so closely associated with Elon Musk that it’s hard to believe he didn’t actually found the company.

It wasn’t until a year later that Musk became Tesla’s largest shareholder. And it took all the way until 2008 for Musk to be named CEO.

In any case, to Tesla’s great credit, the first car they produced was the Tesla Roadster — a work of art that looked suspiciously like the Lotus Elise. (It was actually based on an Elise chassis and produced by Lotus under contract.)

But the important part is that it looked cool…
 
 

And its performance matched its looks, going from 0 to 60 MPH in 3.7 to 3.9 seconds, depending on the model.

Be honest… even if you’re not an attention hog, you’d have to be lying if you said you’d rather drive around in one of those other EVs… They were just odd looking.

And if you’re going to turn heads, it might as well be for good reasons — not for looking odd.

And as it turns out, the market was ready for a cool looking electric car— and they were willing to pay for it: The first generation Tesla Roadster went for between $80,000 and $120,000.

And it turns out that it was by going after the high-end market and the premium prices they were able to command that allowed Tesla to invest in itself, improve its technology and build the mainstream cars that have made them the company they are today.

TSLA Stock

Which brings us to the present… After peaking just over 400 in November 2021, Tesla (TSLA)’s stock has been on kind of a downhill roller coaster.

Despite all the twists, turns and dips, Jeffry has had a long time downside target of between 144 and 160.

And just before TSLA earnings last week, as the stock settled right into that range, he told us that it’s possible it might bounce…

At the time, that seemed impossible because the chatter in markets has been about reduced demand for EVs and how Tesla is having trouble moving cars.

Which was true, but Elon was able to put a good face on the poor earnings and as soon as earnings were announced, the reaction was swift and strong with the stock spiking more than 12% overnight.

From its lowest low of 138 to its highest high at 198, it jumped more than 43% over the next few days before bumping its head on the 200 level and settling around 180.

Now, Jeffry tells us the stock faces significant upside resistance. Especially up to the 207 range. But if and when it can work through that, he’s got major, longer-term upside targets of 350 and even 500.

We wouldn’t call this a tradeable opportunity yet. But keep your eye on TSLA.

— The Jeffry Turnmire Trading Team

 
 
TURNMIRE’S TOP TRADERS
A Monster Win
 

It pays to listen to Morning Monster! (weekdays at 9:15am Eastern)

Listener Kathy recently dropped in to Jeffry’s Discord channels to celebrate a massive Bitcoin win.

The ticker she references, BITO, trades on the regular stock market, giving anyone with a regular brokerage account access to Bitcoin moves without needing fancy crypto wallets or separate accounts.

552% is a massive win and Kathy must have timed it perfectly. While we celebrate her win, we’d be remiss if we didn’t point out that a win of this size is rare, so always trade with caution.

Congrats, Kathy!
 
 

— The Jeffry Turnmire Trading Team
 

 
 
 
 
   
 
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