A Consumer-Driven Trade Idea, and Is Fear Still Maxed Out?

Join me at 9:15 a.m. ET for “Morning Monster”!
 
   
     
I’ll be live trading with my Apollo Algo at 1 p.m. ET on Wednesday — the algo is 17-1 and over the past week, a 94.4% win rate! Stay tuned for an invite!

A Consumer-Driven Trade Idea, and Is Fear Still Maxed Out?
 
 
The CNN Fear & Greed index is still nearly maxed out at high FEAR…

While we aren't at EXTREME FEAR, we are still on the higher end. All of that while we are no longer very far from new all-time highs!  

Come join me as we dive in and see what is 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 premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. 


Today’s Daily Chart Setup 

This idea came directly from my Daily Chart Setup that automatically signals potential plays. You can find full details on exactly how this works by scrolling down further in this newsletter. 

Keep in mind, this is for informational and educational purposes only. Trade at your own risk. 


Consumer Discretionary (XLY) 
 
 
XLY is a new potential entry. Target: 198.89 Stop below: 165.48
XLY has a historical win rate of 91.3%
XLY trades last 54 trading days on average over 23 trades since 1998.

Always remember that past performance is not indicative of future results — anything can happen in trading!

Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube!

 
 
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I’m also live at 5 p.m. ET on Tuesdays for “30 Minutes of Awesome” — bring your ticker and I’ll analyze it in real time!

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How the Daily Chart Setup Works
 
 
Here’s a more detailed description of how the pattern triggers:
 
1. The price breaks upward through the orange Market Roadmap Line. 

2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 

3. Once it touches the line and starts moving back up, that signals an entry. 

I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!

You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places!
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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