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ES Morning Report 5/7/24

ES Alerts and Reports
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 ES TRADE ALERT/IDEA  - LONG over 5190, currently 5210, Target 5250 to sell, Stop at 5189

Bulls taking out 5200 is confirmation for now, so we can play long with tight stop

1 Hour Chart



 

 


 

 
 

 

 



 

 
 



3x ETF Morning Report 5/7/24

Trade Alerts
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3x ETF Action Items: 
  • HOLD BITX we may add still 38-39 possibly
  • SOXL buy under max entry ranges and on dips otherwise hold and sell at 45.65
Markets:   Bullish for now

 ES SP 500 Futures  5210 now on ES Futures above my 5190…

3x ETF Trade Alert 5/6/24

Trade Alerts
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SOXL 3x Bull Semiconductors
$40.85

I mentioned $40 a few days ago as a Bullish price if SOXL could get there, and though we missed the bottom of the move we made money on LABU and TQQQ

SOXL has a 12% upside from here I…

ES Morning Report 5/6

ES Alerts and Reports
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 ES TRADE ALERT/IDEA From Friday...   5130 can go long, stop tight 5120 due to volatile conditions target 5170-5190 to sell, 5146 currently

  TRADE UPDATE-  we got the entry at 5130 last Friday and we hit my sell zones for nice 40 to 60 Point…

3x ETF Morning Report 5/6/24

Trade Alerts
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Markets:   Bull is back?

 ES SP 500 Futures  5185 highs 150 points above 5037 C wave support

3x ETF Positions/Notes:  BITX and TQQQ 10% Positions

TQQQ sold at 57 per trade parameters for 11%  gains

BITX- $39.75 
10% Position- 43.25 average
Target…

ES Morning Report 5/3/24

ES Alerts and Reports
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 ES TRADE ALERT/IDEA:   5130 can go long, stop tight 5120 due to volatile conditions target 5170-5190 to sell, 5146 currently

 ES 5145 area. TRADE UPDATE-  Stopped out at 5060 yesterday if you were long at 5070

Crazy volatility continues obviously 100 points swings in…

3x ETF Morning Report 5/3/24

Trade Alerts
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Markets:   Insane volatility over last few days for sure, markets back up this morning in a big way on Apple optimism, Bitcoin rallying huge etc.  Fortunately we are long TQQQ and didnt bail out low on BITX. LABU is at 110 we sold at…

ES Morning Report 5/2/24

ES Alerts and Reports
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ES 5083 area. TRADE UPDATE-  Stop 5060, take profits 5120 if hit

The long trade triggered at 5070 yesterday with a spike high of 5125. Unfortunately I was going through a non service zone on a train and could not put out a sell or raise stop…

3x ETF Morning Report 5/2/24

Trade Alerts
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Markets:   Crazy action around FOMC as usual yesterday. Our futures service went long at 5070 and had  50 point pop, indexes pushed up, LABU ripped to the upside. Another crazy day.  Again still in some type of correction ABC pattern from March highs which…

3x ETF Trade Alert 5/1/24

Trade Alerts
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SELL LABU IF 106.50 HIT- 3pm est update May 1st

DETAILS OF TRADE REPEATED

Biotech

XBI ETF possible double bottom last week and we hit the low 80's on LABU, my target was 79... so lets call it close enough.  Bouncing up now to 94…

3x ETF Morning Report 5/1/24

Trade Alerts
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Markets:   C wave asserted itself here as the B wave rally retraced about 55% of the top of the market March highs to the April lows or A wave  bottom... often you will see a 61% retrace B wave bounce, so we were just…

ES Morning Report 5/1/24

ES Alerts and Reports
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ES 5155 no real change from yesterday morning, 5137 lows are actually a key fibonacci pivot point to hold... otherwise I still see 4964 lows retest if 5137 area fails.  Pretty clear the C wave is underway. Most of the time it will retest the A wave…

ES Morning Report 4/30/24

ES Alerts and Reports
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ES 5144 working on this possible abc-B wave up from the 4964 lows to 5190 area.

Market in no mans land here, still possible B wave topping point in here up to 5190

 ES TRADE ALERT/IDEA:  Short at 5185 if hit, stop 5205      

3x ETF Morning Report 4/30/24

Trade Alerts
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Markets:   Still holding up on a possible a-b-c B wave bounce off market correction lows per the Friday morning report on 4/26... 5145 Futures now, 5147 uptrend high from 4964 lows of the correction... 
  •  abc- B wave is common on relief rally, then often…

3x ETF Trade Alert 4/29/24

Trade Alerts
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Biotech

XBI ETF possible double bottom last week and we hit the low 80's on LABU, my target was 79... so lets call it close enough.  Bouncing up now to 94 area but this can still rally to the 107 area for 14% potential …

3x ETF Morning Report 4/29/24

Trade Alerts
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Markets:   Still holding up on a possible a-b-c B wave bounce off market correction lows per the Friday morning report on 4/26... 5145 Futures now, 5147 uptrend high from 4964 lows of the correction... 
  •  abc- B wave is common on relief rally, then often…

ES Morning Report 4/29/24

ES Alerts and Reports
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ES 5146 working on this possible abc-B wave up from the 4964 lows to 5190 area.

Notes from Friday repeated... 

We have not yet taken out the 5190/5200 zone on this bounce up from last weeks 4964 lows. My updated 2 hour chart shows you what…

ES Morning Report 4/26/24

ES Alerts and Reports
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ES 5118, high 5130... possible abc- B top working in here on this bounce

We have not yet taken out the 5190/5200 zone on this bounce up from last weeks 4964 lows. My updated 2 hour chart shows you what MAY be the pattern... abc- B…

3x ETF Morning Report 4/26/24

Trade Alerts
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Markets:   Bouncing up on MSFT and GOOG earnings
  •  Max high on ES was this morning 5140, now 5113 dipping back. This could be the a-b-c- B wave , and again still chance of re-test of the lows last week at some point.  So still…

ES Morning Report 4/25/24

ES Alerts and Reports
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ES 5043

Yesterdays pre market note repeated for reference

 Futures got past 5100 resistance zone and hit 5125 highs. You can now consider 5190 as possible for this B wave rally.  Normally you will get a C wave pullback after this bounce to test the lows…