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ES Morning Update 3/7/24

ES Alerts and Reports
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Markets:     

5090 big dive in the overnight lows but now bouncing way up to 5133, this is tough action to trade here, but tighter stops are going to be important.

My spidey senses are wondering if we double top around 5150-5160 soon, the 30 minute chart again is choppy and hard to put a pattern…

3x ETF Morning Report 3/7/24

Morning Reports
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Markets:  Futures up to 5131 on ES (SP 500) and the high so far has been about 5160 with a pivot low around 5077, the uptrend remains intact.  This one heck of a 3rd wave rally from October!
 
 3x ETF Updates:  

Watch List:  FAS -3x Bull Financial

FAS may break out soon and though…

3x ETF Trade Alert

Trade Alerts
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Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

YINN- 18.15 at time of alert- 3x Bull China

This one we banked profits on recently and then it pulled back to low 17 area from 20-21 area.

FXI is the underlying Chinese ETF that would indicate a possible longer term bullish reversal pattern and…

ES Morning Update 3/6/24

ES Alerts and Reports
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Markets:     

ES hit a low around 5171 yesterday (March Contract) and now trading up to 5113 area which is normal resistance loosely from last weeks highs.

Uptrend is still intact as we can see from my 4 hour ES chart, with a possible 5220 target still alive.

If we take a long position again, I…

3x ETF Morning Report 3/6/24

Morning Reports
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Markets:  Bouncing up today after "Super Tuesday" election results night perhaps.  I show the NASDAQ 100 Index channel chart today holding the uptrend line, but again we could be in the later innings here. I'm not ready to short because we have not seen a terminal move that would signal a further deeper correction yet. 

Nasdaq 100…

TQQQ stop 59 intra-day

ES Alerts and Reports
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SETTING Intra-day stop at 59 on TQQQ to be protective

ES Morning Update 3/5/24

ES Alerts and Reports
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Markets:    5117 ES down from 5158 highs

We sold out at 5138 and 5110 from 5077

5140 is a natural resistance zone, and possible top of 5th wave up... but not yet confirmed.

Trading in here is tricky, if we go long on a dip it will require a tight stop in the event 5th wave…

3x ETF Morning Report 3/5/24

Morning Reports
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Markets:  Pullback this morning, again we hit my 5140 SP 500 target I put out in latter January and that should be normal resistance.  I'm monitoring as always, still potential for 5220 after a pullback, but one day at a time.

3x ETF Updates:  

Watch List:  Will update, market is in 9th inning?

3x ETF Action…

ES Update 3/4/24

ES Alerts and Reports
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Markets:   5220 possible now but lets see if we get a pullback

Closed or you should close out our 5077 net entry trade at 5135-5140 area per the Friday text...

Will advise soon on next Trade... market is in bull mode until it's not but I like to take profits along the way and reset.  One of…

3x ETF Morning Report 3/4/24

Morning Reports
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Markets:   Please review the weekly report which was published Sunday, 5220 is now on deck for SP 500 to watch now that my 5140 was hit.

3x ETF Updates:  

Watch List:  Will update, market is in 9th inning? 

3x ETF Action Items:     ERX/TNA sold for profits! 

ERX- Hit $60 on Friday and we had…

Weekly Report 3/3/24

Weekly Market Report
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The weekly report is now online. I try to update briefly my thoughts on the markets, a chart or two, and a stock swing trade ideas list as well as recap the prior week to some extent.

Weekly Report

ES SELL ALERT

ES Alerts and Reports
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5138

Sell remainder half and close es trade

5110 first half sold today earlier 

ES Trade Alert Update 3/1/24

ES Alerts and Reports
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 ES at 5102 plus minus, 5077 avg entry

We have an average of 5090/5065 entries on our latest trade for about 5077

Push your stop to 5080 from 5063

Sell 1/2 at 5110 if hit, hold 1/2 from there

3X ETF Morning Report 3/1/24

Morning Reports
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Markets:   SP 500 at 5096, I've had a 5140 target for almost 2 months now, so getting close. ES Futures members are long from 5077 looking to sell 1/2 at 5110 and ride the rest higher hopefully.  5101 currently.  NAS 100 (QQQ) Can push higher per our TQQQ new position we are adding into today.

3x ETF…

3x ETF Trade Alert

Trade Alerts
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TQQQ 60.22

Per the morning report, we are taking a 10% position scaling in until 940am EST tomorrow on dips etc.

Max Entry advised is 60.50 adding towards maybe 59 on dips if so
Stop is "Intra-Day" due to market being high, $58 for the Stop
Target is as high as $72 for 20% potential

ES Trade Update 2/29/24

ES Alerts and Reports
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 ES at 5097 up from 5063 lows this morning on a PCE inflation report the market likes.

We have an average of 5090/5065 entries on our latest trade for about 5077

Push your stop to 5063 from 5050

Sell 1/2 at 5110 if hit, hold 1/2 from there

3X ETF Morning Report 2/29/24

Morning Reports
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Markets:   Futures up on benign PCE Inflation Report

 ES Alerts members are long the SP 500 via buying 5090 and 5065 dips this week, currently 5098.  Markets could still push higher yet.  Last week I had an ES (SP 500) chart showing 5110 area as likely resistance on the futures, that has held true so far.  If…

3x ETF Morning Report 2/28/24

Morning Reports
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Markets:   Futures down .50% or so to start the morning

 QQQ is in a 3 week consolidation near highs, could make one more push yet. SP 500 also consolidating not too far off highs, could also push another leg up.   

3x ETF Updates:  I'm patiently watching... my job is to do the best for my members…

ES Trade Update

ES Alerts and Reports
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Same as yesterday and day before

I noted this in the post:
Thoughts are go long near 5090, add near 5065.... stop at 5050 using micro-mini's

Because we are late in the cycle up its harder to trust the near term upside moves without a further correction

5063 lows so you would have bought 1 tranche at 5090 another at 5065... stop stop is still 5050

1 hour chart attached

ES Morning Update and Trade Advisory

ES Alerts and Reports
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5080 area

Yesterday I gave out some guidance in the morning on my thoughts which is part of this service outside of actual trade alerts.  We could push to 5200 possibly and 5140 has been my target for awhile, we hit 5123 so far for highs.

I noted this in the post:
Thoughts are go long near 5090, add near 5065.... stop at 5050 using micro-mini's

Because we are late in the…