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ES Morning Report and Trade update 7.24.24

ES Alerts and Reports
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5550 area as of 830am EST

A  bit drop from last night, Tesla earnings and or outlook not helping sentiment.

We stopped out at 5590 for 23 point loss, but so far avoided another 40 points below that

The upside move from 5553 lows was limited…

ES Morning Report and TRADE 7.23.24

ES Alerts and Reports
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5613 plus minus as of 10 am EST

Going long here is the advisory with a 5654 target, only 41 points upside on this one but I could revise higher as the set up on the SPX now is looking like it may sprint to me…

3x ETF Morning Report 7.23.24

Morning Reports
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Nice bounce up in ES (SP 500 Futures) to .382 retracement or 5616 from 5553 lows of the A wave down... often you get an A down, B bounce up, then a C down to test the prior lows or lower... so loosely that is what I…

ES Post Market Updates Monday 7.22.24

ES Alerts and Reports
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Trade stopped out unfortunately in the morning at 5575 from 5593 entry for 18 point loss on Monday.  ES then rebounded to 5607 as of 5pm EST on Monday afternoon, perhaps the stop was a little tight

I will advise if I see another set up…

ES Morning Report and TRADE 7.22.24

ES Alerts and Reports
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5593 this morning pre market for ES, looks like a bounce with 5580 key support

GO LONG at market, stop at 5575 tight and I will advise from there


 


 
 


 
 
 
 

 

 


 



3x ETF Morning Report 7.22.24

Morning Reports
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ES Futures 5588 up 34 points this morning from 5553 lows on the pullback. Looks like a 5 wave decline from 5721 to 5556 for A wave, now B up bounce I think, fwiw... then possibly a re-test or lower C wave  yet to come

2 hour…

3x ETF Trade Alert 7.19.24

Morning Reports
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Chip Stocks

Taking a bath and working towards a possible SOX Index 5275 pivot here. We can drop another 1.25% or 3.75% on SOXL if that pivot is correct, then possibly bounce up in a counter rally

We can try to play this with entry ranges and a tight…

ES Morning Report and Trade 7.19.24

ES Alerts and Reports
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5580/5570 area hit and bounced a bit on Thursday. I had noted 5580 was a likely pivot point or a test which happened.  Low was 5570 and as of 6pm EST Thursday night we were bouncing to 5600... so again a possible B wave bounce up…

3x ETF Morning Report 7.19.24

Morning Reports
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Markets/Strategy:   Further pullback to testing key areas on Thursday

QQQ tested my 477 area with 465 the other I mentioned and charted on Wednesday morning. Closed at 479, again a possible A wave low with a counter rally

SOXL fell to a low of 49.28, double bottomed and was…

ES Morning Report and Trade 7.18.24

ES Alerts and Reports
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Not much of a pullback yet--- 5580 key to hold near term

No trade set up yet.  We are actually holding a basic uptrend line (see chart) and 5580 is another 80 points below the late Wednesday night 5660's print.  If that uptrend line holds, we…

3x ETF Morning Report 7.18.24

Morning Reports
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Markets/Strategy:   Strong pullback Wednesday, small caps hold up well though

The chip stocks took a major hit with SOXL dropping 21% in one day from 65 to 51 area. In one of the areas I noted I was watching recently for a pullback, now we can see why it…

3x ETF SELL LIMIT ALERT 7.17 TQQQ

Trade Alerts
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TQQQ 75.60 area

Lets keep the stop loss limited at $75 intra-day in case this correction gets worse. That would be a 4% loss on the 10% 1/2 position on TQQQ

 

ES Morning Report and Trade 7.17.24

ES Alerts and Reports
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5660 as ES pulls back hard this morning from 5721 highs

Trade Idea 7/16-  Same as Monday, lets be patient here.

We did not get past 5725, the high was 5721 which is the number I knew we had to cleanly get over to go long. …

3x ETF Morning Report 7.17.24

Morning Reports
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Markets/Strategy:       Interesting action as the ES Futures contract hit 5721 and failed, that level is what I was watching to take out cleanly for another possible higher or extended run up in the large caps.  Today futures are down to 5656 which is a large drop off…

ES Morning Report and Trade 7.16.24

ES Alerts and Reports
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As I noted last week, 6125 possible in the longer weekly views. Short term we are around 5690 climbing back up off the 5640 pullback last week

Trade Idea 7/16-  Same as Monday, lets be patient here.

ES still around 5690 as we consolidate.  There is…

3x ETF Morning Report 7.16.24

Morning Reports
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Markets:       Market indices consolidating still. QQQ Holding 13 day EMA line (See Chart) which effects our TQQQ 3x Bull position.  IWM ETF has smashed higher to 217 but is extended by any means.  We have a wave 2 to wait on (Pullback wave) before we would look…

3x ETF Morning Report 7.15.24

Morning Reports
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Markets:       Futures pushing higher on Monday to 5690 area, uptrend highs are around 5707 from last week.  IF we push over 5720 strongly we could start another run towards my LONGER TERM 6125 SP 500/ES potential.

QQQ hit  503 highs last week, pulled…

ES Morning Report and Trade 7.15.24

ES Alerts and Reports
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As I noted last week, 6125 possible in the longer weekly views. Short term we are around 5690 climbing back up off the 5640 pullback last week

Trade Idea 7/15

I would advise going long OVER 5725 limit entry, stop 5700 Target as high as 5930…

ES Morning Report and Trade Update 7.12.24

ES Alerts and Reports
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 5640 as of 830am EST on ES Futures. We are down about 60-70 points from the post CPI Report spike highs yesterday. Rotation into small caps from big caps yesterday, but longer term the SPX can still move another 10% higher I think, just not next…

3x ETF Morning Report 7.12.24

Morning Reports
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Markets:       SP 500 futures peaked on the inflation report just over 5700 now around 5640 so a 1% or so pullback is not a big deal. However, money rotated into small caps for sure and out of Nasdaq 100 stocks yesterday as lower…