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ES Update 3/19/24

ES Alerts and Reports
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Im a bit under the weather as I took very ill yesterday afternoon. I will try to do a further update after 1030am EST today

ES did not hit my 5250 area entry to short, but now standing around 5194, topping process appears to continue

I'll have update and trade parameters out after 1030 am EST

3x ETF Morning Report 3/19/24

Morning Reports
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I took fairly ill yesterday afternoon with a stomach virus and am trying to recover.  I will post my morning report later today than usual, around 1030am EST

Markets continue to look toppy

3x ETF Morning Update 3/18/24

Morning Reports
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SP 500 1 hour chart updated and Daily view also for reference:
SP 500 Daily Chart updated as of this mornings futures being upMarkets:     As I noted on Friday here in this section, we could still push higher.  Futures are up this morning…

ES Update and Trade Alert

ES Alerts and Reports
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1 HOUR ES Chart appears toppy to me unless can clear out 5270 areaLate last week I said if you wanted to try a 5183 market short with 5125 target and 5200 stop would be worth a shot. We dropped to 5168 then pushed to 5202, stopped out the trade, then pulled back.  This morning we…

ES Update and Trade Alert

ES Alerts and Reports
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Well we missed the 5160 area short spot I wanted this week, good news is my spidey senses to short were correct, bad news is we missed the entry point but about 10-11 points before the market turned south.

I can see 5125 area likely if you want to short this current 5183 area with 5200 stop

3x ETF Morning Update 3/15/24

Morning Reports
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Markets:     Showing the ES (SP 500 June Futures) Chart this morning, still a valid bull structure after that 70 plus point decline from the weeks highs last 2 days. Bouncing up this morning, its a 5 day consolidation pattern that could still push higher…

LABU update

Trade Alerts
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LABU crashed from 141 to sub 132 in 10 minutes or so today. We had an open trade alert limit 139 entry with 133 stop. Not sure if anyone even had time to enter but if so a quick loss of max 3 to 4% 

Let's stand aside for now.

ES Morning Update

ES Alerts and Reports
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Nothing much has changed at all as of Thursday morning 915 am EST

5242 June Contract  (Quoting June Contract now going forward)

Possible rally to 5280 on the high end which is equivalent to my 5220 former March contract projection

That said, spidey senses here are that we are LATE in the rally and a short position…

3x ETF Morning Update 3/14/24

Morning Reports
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Markets:     SP 500 at 5165 on the close yesterday, 10 points off the Tuesday close as we continue to consolidate near the top of the ranges. 3x ETF Updates/Strategy:  LABU Alert adjustment/ TNA Possible alert

I put out a BUY IF alert on LABU…

3x ETF Trade Alert

Trade Alerts
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Biotech has been in an 11 trading day pullback, often on my Banister Behavioral patterns these wind down around Day 13, which would be Friday possibly.  Also key EMA levels are close to being hit, and Biotech had such a big run in the XBI…

ES Morning Update and Trade Alert

ES Alerts and Reports
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5242 June Contract  (Quoting June Contract now going forward)

Possible rally to 5280 on the high end which is equivalent to my 5220 former March contract projection

That said, spidey senses here are that we are LATE in the rally and a short position is next on tap

Yesterday I said 5240 loosely to look at a…

3x ETF Morning Update 3/13/24

Morning Reports
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Markets:     Continue to hold up overall with likely one last push up here in March I think.  Watching 5220 on SP 500 still as a marker. See chart on SPX.  Key support comes in at the 13 day EMA line and lower at 34day…

3x ETF Sell 1/2 Alert - YINN

Trade Alerts
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YINN 20.20

Going to sell 1/2 here for about 13% gains

Lets move the stop to 18 near intra-day on remainder 1/2 which is protective of our 17.90 average

Target is AS HIGH as 26 believe it or not... one day at a time

ES Update 3/12/24

ES Alerts and Reports
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5203 June Contract  (Quoting June Contract now going forward)

Possible rally to 5280 on the high end which is equivalent to my 5220 former March contract projection

That said, spidey senses here are that we are LATE in the rally and a short position is next on tap

5240 loosely I am looking for us to short…

3x ETF Morning Report 3/12/24

Morning Reports
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Stock Swing Trade Service (stockreversalspremium.com) since 2009.  My flagship service is hosted at srpmembers.com and E-mail me reversaltraders@gmail.com for a coupon code to try it out if you have not yet.  Track record is listed there at srpmembers.com as well.  I will share…

ES Update 3/11/24

ES Alerts and Reports
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ES stopped out

No position, watching action

Stopped out at 5110 about 34 point net loss on the avg of the two tranches we went long on.  Markets unfortunately reversed hard in the afternoon on Friday with NVDA smashing lower out of the blue as well.  About a 3.3% loss on the trade.Weekly chart 5157 on…

3x ETF Morning Report 3/11/24

Morning Reports
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Markets:    I just E-mailed out the Weekly report this morning, and in that report I have comments on the markets and also what I like going forward.  Noting Futures are down about 80 points or so on SP 500 from last Friday's highs, SOXL…

3x ETF Morning Report 3/8/24

Morning Reports
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Markets:   Futures at 5155 on ES and IWM ETF near recent highs.  Market continues strong for now, I again expect rally to likely move into April before petering out... but one week at a time. Chip stocks continue at mind blowing rally levels.  I would…

ES Alert Update

ES Alerts and Reports
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ES at 5155, Stop 5110, Sell at 5210... add at 5130-5135

Not much change net net from the alert yesterday, again I would go ahead and be long here and then add at 5130-5135 ranges... (Pushed it up 5 points)  Stop 5110 still.  A push to 5220 still possible not necessarily today. If you see 5210 sell.

Yesterdays Alert Repeated:
Long at market about 5155 IF AGGRESSIVE TRADER, otherwise wait and go…

ES Trade Alert

ES Alerts and Reports
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Long at market about 5155 IF AGGRESSIVE TRADER, otherwise wait and go long at 5130 and or also Add there if hit

Stop 5110

Target 5220 on high end but will follow