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ES Trade Alert

ES Alerts and Reports
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5334 area 945 am EST

 SHORT at 5355 Limit Entry, STOP 5370

No Target yet but will update

Should peak out in a 4th wave here shortly, with a 5th wave down that could re-test the 5120 lows 


 

 

 
 
 

 



 

 

3x ETF Morning Report 8.7.24

Morning Reports
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Markets continue oversold rally or Wave 4 up of 5 down, or B of A-B-C correction

5360 key to watch on ES futures, currently 5325 area... we made huge profits twice this week going long in a bad market... bear market rallies are fun

Long TNA as…

ES Morning Report and Trade Ideas 8.7.24

ES Alerts and Reports
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5327 area 9am EST

From yesterday
If not long or you took profits on the last trade idea, you can go long again here stop at 5225 tight

Target 5300, possibly higher and I will update...

Fresh trade yesterday again solid, I would sell here this…

3x ETF Alert

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Multiple indicators across the market of 200 day moving average bottoms POSSIBLE

This includes SMH ETF (Semiconductors) IWM ETF Small Caps etc.  

CNN Fear Gauges are at "extreme fear" readings, VIX hit 60, and list goes on

So good time to take on some initial risk

TNA- Potential 15% upside from current levels in my opinion

Trade Parameters

10% position as usual, scale in if you can to get an average

3x ETF Morning Report 8.6.24

Morning Reports
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 Key numbers to watch are 410 area on QQQ plus minus a few, 420 lows yesterday.  Also 5100 on the SP 500 key.  Charts are updated on both this morning for reference.

We had a crescendo of selling and a high VIX 60 reading, typical of short…

ES Morning Report and Trade Ideas 8.6.24

ES Alerts and Reports
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ES 5240 area

If not long or you took profits on the last trade idea, you can go long again here stop at 5225 tight

Target 5300, possibly higher and I will update...

Last night I updated the trade idea which was 5130-5150 to go long…

ES Post Market Report and Trade Update

ES Alerts and Reports
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5265 715 pm EST

Advisory was go long from 5130-5150, we hit just under 5150 post alert. High was 5280 for 130 points

I did not give a target but 5360 area possible

Take profits at any point here if you took the trade, but the…

3x ETF Morning Report 8.5.24

Morning Reports
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Many reasons for the current market sell off, and some things have exacerbated the drop now below 442 QQQ and 5300 SPX this morning as futures tumble
  •  Mercury is in Retrograde from Aug 4th 20 Aug 27th- This will add to confusion, misinterpretation and volatility from…

ES Morning Report and Trade Ideas 8.5.24

ES Alerts and Reports
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Futures dropping hard, here are few bullets

5207, lows likely at 5130-5150 in my opinion for a long trade

  •  Mercury is in Retrograde from Aug 4th 20 Aug 27th- This will add to confusion, misinterpretation and volatility from a behavioral perspective
  • Japanese Yen carry trade…

WEEKLY REPORT NOW ONLINE 8.4.24

Weekly Market Report
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Review the weekend report, first time published since mid June this summer

REPORT LINK

ES Morning Report and Trade Ideas 8.2.24

ES Alerts and Reports
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C wave low 5336 so far, could see 5290-5300 bottom short term

Big drop for many reasons as we have a mini-crash washout here. 

SPX hit 5304 my target has been 5300 for larger Wave 4 of 3 down... QQQ my target has been 442, we…

3x ETF Morning Report 8.2.24

Morning Reports
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C wave takes over after 5600 ES hits on the B wave 

Concerns over Mideast Conflict and slowing economy are the excuse but it was a much needed ABC correction

I've talked about 5300 on SP 500, we hit 5310 lows today so far. I've discussed 442…

3x ETF Trade Alert 8.1.24

Morning Reports
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  Rough day for Tech stocks, they fell off a bunkbed. I had discussed 442 on QQQ as eventual bottom and 5300 on SP 500 and we are still well above both, but thought the bounce may push a bit higher before a retest

We are getting a SOX…

3x ETF Morning Report 8.1.24

Morning Reports
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B wave up continues in SP 500, QQQ etc and IWM ETF is breaking out strongly.

ES service had guidance to look for 5590-5600 on ES futures this week and we hit 5598 highs so far, filling a gap above in the chart.  If ES can get…

ES Morning Report and Trade Ideas 8.1.24

ES Alerts and Reports
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ES Hit 5598 highs post FOMC
 
My guidance yesterday was in general wait for post FOMC trade 

 Wait for FOMC post decision trading this week, only go long over 5542 with a target of 5590-5600 to take profits.  
We are at .382 fib now…

3x ETF Morning Report 7.31.24

Morning Reports
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Huge double bottom in both SOX Index and SP 500, QQQ etc may have hit yesterday. NVDA and AMD up big pre market, SOXL up 12% pre market from low's in 36.80-37.50's yesterday.

QQQ has not yet hit my 442, and SP 500 has not yet hit…

ES Morning Report and Trade Ideas 7.31.24

ES Alerts and Reports
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ES 5541 interesting action...

Double bottom both on ES and SOX index yesterday is interesting

The 3x ETF service is long SOXL (3x Bull Semiconductors) because I had a 4875 SOX index target out, and it hit on the nose yesterday.  Significant because SOXL is up…

ES Morning Report and Trade Ideas 7.29.24

ES Alerts and Reports
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5513 area 910am EST

We dropped to 5480 lows off the 5433 to 5534 rally.  So far normal pullback, and again a push to 5542 would run into a 38% fib resistance zone from the ES highs to recent pivot lows.

Over 5542 solidy brings up…

3x ETF Morning Report 7.30.24

Morning Reports
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 Markets pulled back some more on Monday.  I have some updated "Potential" QQQ ETF and SP 500 charts.  We can still look for potential to 5300 on SP 500 and 442-445 area on QQQ (464 now).  Not necessarily in one week but over the intermediate window.  August-September-October…

ES Morning Report and Trade 7.29.24

ES Alerts and Reports
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5516 area, high of 5534 just 16 points off my 5550 target

Still 5550 possible as guidance on this bounce.  If we can push hard 5610 area comes into view but will probably need some strong shift in sentiment or a few big earnings hits for…