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3x ETF Morning Report 6.18.24

Morning Reports
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Markets:   SP 500 Etc moved up on Monday. The futures service went long at September Futures 5520 when last weeks high was taken out for reference. A larger wave 3 continues. We may get long some Bull index position/s but with different stops set up…

ES Morning Report and Trade Alert 6.18.24

ES Alerts and Reports
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Tuesday Update - Long at 5520, 5545 currently

Maintain long position, stop at 5510 for now

Current Trade on 6/17
5520 limit buy if hit, currently 5500
No Stop yet will advise
Target not yet set but another 100-170 points possible
 



ES Morning Report and Trade Alert 6.17.24

ES Alerts and Reports
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Monday Update

Switching to September contract, so 5520 is essentially same as 5450 on the June prior highs

I prefer to WAIT for break of prior highs to go long. I'm intermediately bullish but being risk averse to enter for now

5520 limit buy if hit…

3x ETF Morning Report 6.17.24

Morning Reports
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Markets:   SP 500/ES hit my pivot highs on Wednesday this week.  I think we go higher intermediately, watch 5340 on ES Futures as support level, about 70 points below current pricing at 5413

Here is my weekly chart view-  Bullish still, some further pullback possible

Weekly Market Report now online! 6.16.24

Weekly Market Report
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Weekly Market Forecast and Trade Ideas report now online
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SIGN UP FOR WEEKLY REPORT TO YOUR EMAIL INBOX   click here
  • I cover the QQQ ETF long term update, Bitcoin bull projection chart... 
  • Swing Trade Ideas list for my top 10-20 stock ideas near term which we use at the stockreversalspremium.com service to drill down and pick our trade alerts
  • Quick notes on the markets and more

    SRP…

3x ETF Trade Alert 6.14.24

Trade Alerts
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 Bitcoin dropping near 65,000. I thought we were going to break out of 13 week base soon but the pattern is shifting a little.  I think we bottom in the 62,600 to 63,700 ranges.

We want to double up to 20% position 

Limit is…

3x ETF Morning Report 6.14.24

Morning Reports
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Markets:   SP 500/ES hit my pivot highs on Wednesday this week.  I think we go higher intermediately, watch 5340 on ES Futures as support level, about 70 points below current pricing at 5413

Here is my weekly chart view-  Bullish still, some further pullback possible

ES Morning Report 6.14.24

ES Alerts and Reports
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Friday Update- 5413 area

110 point win this week, closed at 5450

I think intermediately I'm still looking for "Potential" to 5800 area on ES. I put this 5700-5800 projection out on May 19th, sticking with it for now

At 5455 we had a Fibonacci sequence…

3x ETF Morning Report 6.13.24

Morning Reports
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Markets:   ES Futures hit my 5455 projection yesterday. The ES Service closed out a 110 point futures profit from 5340 to 5450.  This is all my interpretation of Elliott Wave/Fibonacci patterns coupled with a few things I sprinkle in.

So short term both the QQQ…

ES Morning Report 6.13.24

ES Alerts and Reports
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Thursday Update- 5440 area

We actually had a 110 point win as we were long from 5340 and the sell was 5450... damn we will take it

Now we are flirting with multiple areas of resistance near term. I am bullish intermediately as you all know…

ES Trade Close for 80 points

ES Alerts and Reports
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Wednesday Update-  TOOK GAINS AT 5440!!

5455 was my target last week  and we hit 5453...

I said to sell at 5440, that's an 80 point profit

I'm intermediately bullish but short term neutral to cautious here as QQQ and SP 500 are hitting my…

ES Morning Report and Trade Update 6.12.24

ES Alerts and Reports
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Wednesday Update-  Low inflation report pushes ES up

ES around 5428, my target 5455 was put out over a week ago
 
If you are still long, push your stop to 5410 and sell if you see 5450 

Current Trade:  Tranche at 5350, another at 5330…

3x ETF Morning Report 6.12.24

Morning Reports
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Markets:   Uptrend highs for NASDAQ and SP 500 as wave 5 up continues. I put out a 5455 ES Futures projection well over a week ago and people thought I was nuts. Futures are up 41 points now after a benign inflation report and our…

3x ETF Morning Report 6.11.24

Morning Reports
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Markets:   Consolidating recent gains here still... not much news to add. 
    
  •    3x ETF Action Items:  YINN and  NUGT ADD Limit Orders In Effect as of Friday afternoon when both NUGT and YINN hit limit buy orders
    •   NUGT - 37.25 is…

ES Morning Report and Trade Update 6.11.24

ES Alerts and Reports
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Tuesday 6/11 Update

ES around 5357, high yesterday 5385
 
Not much to add, this market is consolidating so we are not getting anywhere and this is because Wave 1 was equal to Wave 5 at recent pivot highs.... and that can be a top or…

3x ETF Morning Report 6.10.24

Morning Reports
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Markets:  SP 500 Futures 5350, still consolidating not much to add. Review the Weekly Report sent out yesterday for now
    
  •    3x ETF Action Items:  YINN and  NUGT ADD Limit Orders In Effect as of Friday afternoon when both NUGT and YINN…

ES Morning Report and Trade Update 6.10.24

ES Alerts and Reports
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Monday 6/10 Update

ES around 5350 9am EST, still long from 5340 average...

Current Trade:  Tranche at 5350, another at 5330 LONG... Stop 5320, Target  5400

Repeated chart of 5455 potential 




Weekly Market Report now online! 6.9.24

Weekly Market Report
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Weekly Market Forecast and Trade Ideas report now online
(Scroll down for link)

SIGN UP FOR WEEKLY REPORT TO YOUR EMAIL INBOX   click here
  • I cover the QQQ ETF long term update, Bitcoin bull projection chart... 
  • Swing Trade Ideas list for my top 10-20 stock ideas near term which we use at the stockreversalspremium.com service to drill down and pick our trade alerts
  • Quick notes on the markets and more

    SRP…

3x ETF Trade Alerts

Trade Alerts
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Per the morning report, both NUGT and YINN have hit the limit prices this afternoon to start scaling into 10% additional positions, you can do this over a few days I think.

Here is the refresher

3x ETF Action Items:  YINN and  NUGT ADD…

3x ETF Morning Report 6.7.24

Trade Alerts
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Markets:  ADDING TO NUGT/YINN TODAY IF PRICE LEVELS HIT SEE NOTES BELOW

ES Futures hit 5329 lows this morning on Payrolls data but for now holding around 5340 as we consolidate.  ES Alerts service had advisory yesterday to buy 1/2 at 5350 (Market was 5373…