3x ETF Morning Report

BITX up 15%, SOXL up 8.5%, TQQQ up 6.7%, NUGT down 9%

Markets ripped yesterday and I've been saying the first week of January following a year end rally often has postponed tax selling and not to over analyze the pullback.  

Instead, we saw a Banister pattern and we entered SOXL on the dip starting late Thursday into Friday for 25.60 average, ripped up over 9% yesterday. …