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April Jobs and Unemployment First, don’t miss today’s Daily Chart Setup trade idea down lower in this newsletter. The April jobs report is out along with the monthly BLS unemployment rate numbers. FOMC coming in hot next week along with more earnings reports. 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 premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. — — — Why I’m Taking Long Trades While Expecting a Market CrashIf you've watched my videos or read along here much lately, you probably know where I stand — I think we're heading for a major correction. We're talking S&P 500 levels that could eventually drop as low as 2,000. And yet, here I am, still taking long trades. Sounds crazy, right? It’s not. The reality is, you don’t need to buy and hold to make money. There are short-term opportunities all over this market — even in the middle of a storm. And in some cases, certain names can rally to new all-time highs while the rest of the market melts down. This Isn’t All or Nothing Just because I’m bearish on the big picture doesn’t mean I stop trading. That’s a silly mindset. There are always tickers that move against the broader trend — strong companies that can rise even while the indexes fall. And there are other ways to play, too. You can go long on names that rise when the market drops. You can make money on both sides of the trade — you just have to be nimble and selective. Some of these setups are short-term credit spreads. Others are directional longs that I’m in for a quick move. But I’m not buying and hoping. I’m not holding through a storm. These are targeted, fast trades designed to capture short bursts of momentum. Once the juice is gone, I’m out. This Market Is a Shakeout Machine We’re already seeing it — a giant shakeout is coming. The altcoin space is likely to get crushed. Dumpster fire companies could go out of business. And even quality names are going to get dragged lower when the correction hits. But until then? There’s still upside to play. You’ve got to know the time frame you’re operating in. I’m not building long-term positions here. I’m hunting for trades that make sense based on what the chart is telling me right now — not what I think is coming six months down the line. So yes, I’m still taking long trades — even though I expect a crash. Because it’s not about guessing the top. It’s about reading the chart, managing risk, and grabbing profits while they’re there. When the big down move comes, I’ll be ready. But until then, I’m going to keep pulling money out of this market one setup at a time. Now don’t forget today’s Daily Chart Setup down below! Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube! We Could Slide Into a Major Crash in the Coming Weeks… The mainstream media is overlooking one crucial pattern that could send us right into a market crash we’ve never seen before... Today’s Daily Chart Setup: Heico (HEI) ![]() This idea came directly from my Daily Chart Setup that automatically signals potential plays.
See the secret behind these signals here! This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results. 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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Jeff Brown was consulted by Congress on this - here's what he says comes next ...
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