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ES Morning Report and Trade Alert 4/11/24

ES Alerts and Reports
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Futures 5211, Key support is 5200, April volatility continues

5235 area resistance, 5070 area very possible on corrective action still

This volatility and consolidation/correction I expected in April after a strong 1st quarter. Most of the noise about interest rates and what not is just that, "the…

3x ETF Morning Report 4/11/24

Morning Reports
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Markets:

Futures bouncing up some this morning on a calm producer price index report, vs yesterdays Inflation report which pushed everything down. 5200 on ES futures remains a key pivot, 5140 on SP 500 is another to watch, if we pierce that then a confirmed…

3x ETF Morning Report 4/10/24

Morning Reports
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Markets:

Hot Inflation report pushes SP 500 futures back to 5200 support zone this morning. Bitcoin pulling back some more as well from this weeks Monday morning smash higher. 

3x ETF Positions/Notes:

  •  BITX $47.88 down pre market, down from $55 highs early Monday morning.10% Remainder…

ES Trade Update 4/10/24

ES Alerts and Reports
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ES Trade post mortem 5210 post Inflation report today

5254 at time the alert was E-Mailed and Texted, by the time you maybe opened it we would have hit 5250 stop points

ES hit low 5220 area and now back again to 5260's... some silly trading here

Lets again sit back and pause until we can…

3x ETF Morning Report 4/9/24

Morning Reports
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Markets:

Consolidation

So far its a 5 wave running sideways correction for QQQ ETF as noted in chart. These can go 5, 7, 9, 11 waves long... or they fail and we go south. 3x ETF Positions/Notes:

  •  BITX 10% Remainder from 20% original, avg is…

ES Trade Alert 4/9/24

ES Alerts and Reports
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ES 5266 area

This wont be a popular opinion on the internet, but I think we COULD push to 5320 again from here and its worth a trade.

Long at market, stop I would put at 5250 and or 5243 if more aggressive

Target is 5327 on the HIGH END

See the chart (4 Hour)






ES Morning Update 4/8/24

ES Alerts and Reports
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ES 5251

Key support at 5200 ends up holding for now last week after some volatile trade

5251 is below my prior 5260 stop point last week, so running up on some resistance here.

I still do not have a clear trade I'm comfortable with but stay alert if I send one out...likely a buy the…

3x ETF Morning Report 4/8/24

Morning Reports
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Markets:

ES 5200 TESTED
 
SP 500 Futures at 5251 essentially unchanged but bouncing up from the 5200 key support level I noted last week.  Bitcoin on fire, 72,600 and BITX is nearing 54.75 ranges up huge. Biotech MAY have bottomed last week, hit our…

ES Morning Update 4/5/24

ES Alerts and Reports
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ES 5214

Obviously the market fell out of the bunk bed yesterday almost a mini crash that I didn't see in the charts obviously. I had mentioned 5200 key support short-term earlier this week we are just above that now after hitting a 5191 low overnight. The jobs report seemed pretty normal this morning the market…

3x ETF Morning Report 4/5/24

Morning Reports
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Markets:

ES 5200 TESTED
 
5200 on the S&P 500 futures currently being tested that was a number I put out I believe last week to watch or earlier this week. Next support levels come at lower numbers that I will work on and update…

ES Morning Update 4/4/24

ES Alerts and Reports
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ES 5298 bouncing up this morning  

Nice bounce off 5235 lows this week, now 5300.  Also noted in the 3x ETF service that the Nasdaq 100 had a behavioral 8 day correction and bouncing, so the Bulls may hang in here in April a bit.

I would go long at 5280 on a pullback with…

3x ETF Morning Report 4/4/24

Morning Reports
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Markets: 8 day correction in QQQ/MARKET normal so far
 
8 Day Banister Behavioral pullback in QQQ was overdue, and frankly still a shallow correction. Until the market breaks down below certain levels I remain bullish intermediately but again we had a huge run off…

ES Morning Update 4/3/24

ES Alerts and Reports
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ES 5260, low of 5246 over 24 hours, down from 5333 highs Sunday

Not feeling good about going short or long just yet, in no man's land a bit here. Still risk to 5070 if we dip harder but still watching for a trade set…

3x ETF Trade Alert

Trade Alerts
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Biotech getting oversold (XBI ETF) but could pull back a bit further yet...

LABU at 115 as of 4/2/24 close

LABU-3x Bull Biotech- BUY LIMIT 107.50 then add... wait until 107.50

BUY IF you see 107.50, then scale in for 24 hour trading window…

3x ETF Morning Report 4/3/24

Morning Reports
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Markets:
 
NASDAQ 100 is off 2% this month and again normal consolidation and pullback was due from strong quarter 1. 

Bitcoin is consolidating in a 5 week range near top of prior all time highs range, so far normal as well. See chart.

3x…

3x ETF stop updates

Trade Alerts
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TQQQ- 58.90 Near Close of Trading Day is the stop on this 10% position

Reason being is somewhere near there we could bounce and rally, and if we break too much below that level the potential is for a much deeper decline that will be difficult to project.

Working on TNA as well now

ES Morning Trade Update 4/2/24

ES Alerts and Reports
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ES 5253, down from 5333 highs Sunday

We hit 5333 highs so everyone should have taken profits per the set up for a nice 58 point win!

Now we are correcting following the window dressing end to quarter one. Normal actually for now, and in…

3x ETF Morning Report 4/2/24

Morning Reports
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Markets:
Bitcoin dropping hard, may see 62,900 area currently 65,300 down from 69,500 late yesterday. SP 500 and NASDAQ futures are down.

I think most of this is post 1st quarter rotations as most managers were trying to hang onto paper gains in 1st quarter…

3x ETF BITX update post close

3x ETF Member Notices
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Just a quick update on BITX

We had alerted a double up "IF" we hit $49 and as soon as $49 was hit to scale in to a max of 49.50 adding on all dips etc.

11 am EST area we hit 48.98, then again one hour late at 48.95 today

So if you followed the double up to 20% parameters, we then had opportunities from 49-49.50 off and one today, see…

ES Morning Trade Update 4/1/24

ES Alerts and Reports
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ES 5309 - Long 5275 avg,  Target 5330 to sell, Push stop to 5295

We hit 5333 highs so everyone should have taken profits per the set up for a nice 58 point win!

Will advise on next set up, currently at 5315