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3x ETF Morning Updates Report 12.26

Morning Reports
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Market Notes:

Still expecting a pullback to test the lows recently, but not required. The price action sufficed at the lows a week ago for a 4th wave pullback, but the pattern does not look complete. I would expect a further pullback, we are getting SOME of that in…

ES Morning Report and Trade Update 12.26

ES Alerts and Reports
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Trading:  March Contract ESH5
6080 area 8am EST Thursday

12/26:  4th wave usually is made up of an A wave down (5866 low) a B wave up 6105 high so far... and a C wave down and or an ABCDE pattern... so far no real C wave…

ES Morning Report and Trade Update 12.24

ES Alerts and Reports
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Trading:  March Contract ESH5
6050 area 915 am EST

12/20-    

Trade Ideas from 12/23:
You could go long at 5990 with a TIGHT STOP at 5980

OR.... wait for the likely deeper pullback if 5980 breaks
 
This update went out at 837 am EST…

3x ETF Morning Updates Report 12.24

Morning Reports
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Market Notes:

Still a likely B wave bounce up here from last weeks lows, with a pullback to test last weeks lows or lower most likely in the next week or two. This doesn't mean I am right, just going by probabilities and normal Elliott Wave patterns that play…

3x ETF Morning Updates Report 12.23

Morning Reports
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SP 500 Notes:   Nice bounce off last weeks lows, possible B wave bounce with C wave pullback underway.  Tax selling at year end causes extra volatility making my short term forecasting much more difficult fwiw.

The chart today is the ES 4 hour chart (B should read "C"…

ES Morning Report and Trade Update 12.23

ES Alerts and Reports
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Trading:  March Contract ESH5
6005 Tuesday 830am EST

12/20-  Can still work lower after a bounce if any... 

So far a strong B wave bounce up to resistance and C wave (I accidentally labeled my chart B, its a "C")  will either be shallow and hold 5980's…

3x ETF Alert 12.20

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QQQ-  TQQQ Trade Alert- BUY IF...

Should pull back in time to 495 zone, from 512 now...

If so, TQQQ hits 72-73 zone to buy for a bounce B wave up in the market for 10% position size

Trade Parameters:

Wait for $73 to start a position, add…

ES Morning Report and Trade Update 12.20

ES Alerts and Reports
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Trading:  March Contract ESH5

12/20-  Can still work lower after a bounce if any... 

 I would expect lower levels yet... will advise on trade set up for now standing aside... prefer to go long at lower levels. You can short here if you want and can ride…

3x ETF Morning Updates Report 12.20

Morning Reports
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SP 500 Notes:   5725 area on SP 500 possible, could see a bounce near term 

Barrons: Stock futures recovered some ground and bond yields dropped on Friday after the Federal Reserve’s preferred inflation gauge cooled in November.

The personal consumption expenditures price index, or PCE, rose at a…

3x ETF Morning Updates Report 12.19

Morning Reports
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SP 500 Notes:   5630-5720 possible pullback points on SPX 

Charts:   QQQ needs to hold 34 day EMA near 515


IWM ETF, XBI ETF, FXI ETF



Market and Strategy Notes:  

FOMC throws water on the fire.  Some of the speculative movements were causing me some concerns as…

ES Morning Report and Trade Update 12.19

ES Alerts and Reports
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Trading:  March Contract ESH5

12/19:  Stopped out 6025, low was around 5840 on the crash

Moving to March contract now

Bouncing up today with 6010 possible from 5974 now

I would expect lower levels yet... will advise on trade set up for now standing aside...

 December Contract…

ES Morning Report and Trade Update 12.18

ES Alerts and Reports
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Trading: December ESZ4 contract

12/18: 6070 area 830am EST ... and we are long again at 6070 re entry 12/12
 
Need to take out 6112 for shot at 6180, we are also running up on some end of year tax selling etc... but let's stay long…

3x ETF Morning Updates Report 12.18

Morning Reports
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SP 500 Notes:  6073 MARKETS CONSOLIDATING NEAR HIGHS
ES Futures link to use 

Charts:   QQQ approaching target I put out days ago of 547

Market and Strategy Notes:  

SP 500 and QQQ approaching targets I have put out but not quite there yet.  Some tax…

ES Morning Report and Trade Update 12.17

ES Alerts and Reports
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Trading: December ESZ4 contract

12/17: 6060 down a bit this morning ... and we are long again at 6070 re entry 12/12
 
Need to take out 6112 for shot at 6180, we are also running up on some end of year tax selling etc... but let's…

3x ETF Morning Updates Report 12.17

Morning Reports
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SP 500 Notes:  ES Futures link to use 

Charts:   ES 4 Hour  (SP 500 Futures)

ES (SP 500 Futures) 6060 area Tuesday 8am EST


Market and Strategy Notes:  

Bullish consolidation for QQQ, SP 500.  IWM and Biotech under some pressure year end tax selling I…

ES Morning Report and Trade Update 12.16

ES Alerts and Reports
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Trading: December ESZ4 contract

12/13: 6070 area 745 am EST Monday, and we are long again at 6070 re entry 12/12
 
Need to take out 6112 for shot at 6180, we are also running up on some end of year tax selling etc... but let's stay…

3x ETF Alert 12.16

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IWM/TNA

As noted in the morning report today

IWM in a 13 day correction, we could work a bit lower so the parameters are set up to allow for a bit more retracement on what I think is tax selling

TNA- Doubling up to 20% allocation


Parameters: $49.71 as…

3x ETF Morning Updates Report 12.16

Morning Reports
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SP 500 Notes:  ES Futures link to use 

ES (SP 500 Futures) 6060 area on Sunday night 835pm EST, still in a range

Market and Strategy Notes:  

 6150-6235 still my SPX Wave 5 targets. Still a seasonally favorable period mixed in with some December tax selling…

ES Morning Report and Trade Update 12.13

ES Alerts and Reports
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Trading: December ESZ4 contract

12/13: 6083 and we are long again at 6070 re entry 12/12
 
Markets bouncing up this morning, we are long with 6180 possible target if we take out 6112...

Stop 6025

 


 



 

 







 

 
   





  

  


  

ES Morning Report and Trade Idea 12.12

ES Alerts and Reports
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Trading: December ESZ4 contract

12/12: 6077 this morning down from just over 6100 highs
 
GO LONG AT 6070 up from 6055 and or over 6112

New Trade Set Ups:

  • Go long over 6112 with 6180 target
  • Or... 6070 go long
 



 

 







 

 
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