A Trade Idea, and July’s PPI Inflation Data

We saw the market’s reaction to the CPI Thursday
 
   
     
I’m hosting a special event at noon ET TODAY, looking for 20 students to help me test the next evolution of my Apollo Algo — just go here by noon!

A Trade Idea, and July’s PPI Inflation Data 
 
 
Before we get to what I’m covering at 9:15 a.m. ET on “Morning Monster,” here’s a quick trade I just entered that I’d love to share with everyone…

As always, trade at your own risk. 

The basis of the trade is that once price makes a bounce off my Market Roadmap indicator line (the thick orange line in the chart below) and moves above the 61.8% retrace line, there’s a high probability that price will extend out toward the 127.2% extension.

 
 
So here’s what I’m doing…

Public Storage (PSA) 

PSA has set up a daily chart MRM bounce and hit my trigger price. I’m buying a 

 
Dec. 20 expiration, $330 strike call option for around $6.25.  

I plan to exit the call around $10, but will remain flexible if PSA pops and hits the $320.44 target shown on the chart above.
 
 
Now, I’m about to go live for “Morning Monster,” so come join the fun!

The Producer Price Index hit the market before the open today, and the numbers weren’t great… 

Come join me as we dive in and see what’s moving! 

Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live pre-market analysis on SPX, SPY, NDX, QQQ, Russell, IWM, and other stocks that are potential plays for the day. 

 
 
Join Me at 9:15 a.m. ET for Morning Monster!
Be sure to join me live at 9:15 a.m. ET each weekday for “Morning Monster,” my market-open livestream on YouTube, and again at 5 p.m. ET on Tuesdays for “30 Minutes of Awesome” — bring your ticker and I’ll analyze it in real time!

Please hit that Subscribe button on my YouTube page!
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Special Access for New Students!
 
 
I’m hosting a LIVE trade demo today at noon ET…

Here’s your link to grab a seat!

One other thing: 

I’m still on the lookout for a few more all-star trading students who’ll help me test the current and future versions of Apollo…

While getting special access to all of my trading strategies, along with my mastermind community. 

I started with 20 spots and most of them have already been filled. 

Make sure you join us for today’s live demo…

 
 
And Grab 1 of the Remaining Spots
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Customer Story of the Day
 
 
I also host a community of like-minded traders on Discord. This is what my members are saying: 

Shout out for everyone to tune in to @Jeffry Turnmire 's Morning Monster pre-market briefs on YouTube; based on info I've pulled from his analysis, I'm up nearly $2k in a couple of weeks on SPX, AAPL and SMH (with limited risk); thanks brother!!! — Patrick
Jeffry Turnmire
Jeffry Turnmire Trading

I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday!

Please check out my channel and hit that Subscribe button!

I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.

I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. 


*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 
   
 

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