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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…

3x ETF Morning Report 7.29.24

Morning Reports
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5520 on ES Futures, I noted 5550 possible bounce last Friday when we were at 5480... tech stocks bouncing as well, many of the SRP stock swing positions are pushing up as well here.  

5610 area on ES possible HIGHER bounce point but I'm still watching…

3x ETF Morning Report 7.26.24

Morning Reports
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Markets/Strategy:  Some set ups emerging?  

 Futures bouncing up off my 5450 targets I put out earlier this week for ES... we could push back to 5550 resistance, currently around 5480

SOX Index may have bottomed out Thursday morning right near the charting areas I gave out recently here…

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…

ES Morning Report and Trade update 7.25.24

ES Alerts and Reports
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5475 area as of 930 am EST

Yesterdays snippet projected possible 5450 lows which in fact were hit on the nose...

The upside move from 5553 lows was limited and pretty shallow for a B wave  bounce. There is always a C wave as I say…

3x ETF Morning Report 7.25.24

Morning Reports
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Markets/Strategy:  GOING SLOW FOR NOW

5450 was the low so far from 5721 on ES (SP 500) overnight/yesterday.  In the ES service yesterday we were at 5560 in the morning and I said to watch for possibly 5450 if 5553 lows broke , which they did

This is still…

3x ETF Morning Report 7.24.24

Morning Reports
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Markets/Strategy:  GOING SLOW FOR NOW 

The bounce so far off the initial drop from the uptrend highs was limited to just over a .382 retracement bounce, which is shallow. This has led to the futures down this morning, perhaps TESLA not helping pre-market.  Testing the lows now at…

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