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JEFFRY TURNMIRE’S MORNING MONSTER NVDA Crumbles By the end of yesterday’s session, NVDA had dropped 16% off the highs it made last week — just 3 short trading days ago. This might only be one-third of the way down to the next support level… Plus, tune in as Jeffry scans markets live to spot what the day’s big movers are! P.S. Click here to subscribe to Jeffry’s YouTube channel completely FREE — and you’ll never miss another episode of Morning Monster again. 🚨 Two hot earnings stocks to watch! 🚨 Lance Ippolito and Jack Carter are back at it, scanning the markets live! This time they’ve got their eye on two hot earnings stocks: FDX and GIS. Will either stock — or BOTH — hit Lance’s “unusual options activity” scanner? TURNMIRE TRADING NEWS MINUTE Final Bitcoin Flush? What’s up with Bitcoin? The digital currency hit a new all time high above 73,000 back in mid-March and it’s been loafing ever since. It even touched down as low as the 56,000 level just 10 days after it passed the Halving. Jeffry’s been warning for a while now that before Bitcoin can rip higher to new all time highs, it will have to take a breather. Specifically, he’s mentioned it would have to hit his proprietary Roadmap Line, currently straddling the area between 59,000 and 61,000. Overnight, Bitcoin hit that key level before bouncing slightly. Now Jeffry’s telling us that there are two possibilities. If Bitcoin bounces strongly from its current level, it could jump back to its previous all time highs before experiencing strong resistance. His preferred scenario, though, would be a further drop down to the 56,000 level where he says the strong support could send Bitcoin back up, gathering enough airspeed to sail clear through its all time highs. Before the end of this crypto bull cycle — which he tells us is roughly October of next year — he expects Bitcoin to peak somewhere between 150,000 to 300,000 before settling down to about the 80,000 level for the next crypto winter. Stay tuned — things could start getting interesting soon. — The Jeffry Turnmire Trading Team TURNMIRE’S TOP TRADERS Sometimes He Gets Lucky One of Jeffry’s Discord members, Suzanne, dropped in to have a laugh at Bloomberg TV’s expense. She said it was funny to watch the financial news cable TV channel twisting itself in knots to explain the sudden and unexpected reversal of NVDA’s stock price. She went on to point out that Jeffry’s been warning about something like this — and recommending extreme caution if you decide to trade the high flying chip stock. While NVDA has bounced a bit today, Jeffry warns us that the next strong support level is nearly 40% down from its peak. Stay cautious! |
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