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3x ETF Morning Report 2/27/24

Morning Reports
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Markets:   
 QQQ is in a 3 week consolidation near highs, could make one more push yet. 

3x ETF Updates:

Watch List: SOXL, NUGT, TQQQ

I'm watching SOXL currently 41.23 for a possible re-entry.  Recall we sold at 39 which was my target from 34.40 for nice gains recently, so that is on my radar on a…

3x ETF Morning Report 2/26/24

Morning Reports
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Markets:   

Talking SP 500 here, we basically nearly hit my 5140 ES target I had put out weeks ago last week at the highs.  Now consolidating a bit, long positions here have some higher risk but doesn't mean this Bull market can't run further. 

3x ETF Updates:

Watch List: SOXL

I'm watching SOXL currently 40.60 for…

ES Morning Update 2/26/24

ES Alerts and Reports
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No weekly report was published this weekend

ES hit at 5090 stop point overnight in trading from a 5110 entry last Friday if you took the tight trade idea from Friday morning report.  The stop was tight on purpose as a 5060 area print plus minus 5 is possible on a further pullback here.

Right now around 5098 on the March contract, we have a consolidation in the 4 hour chart and…

ES Morning Update 2/23/24/ Trade Idea

ES Alerts and Reports
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Getting close to my 5140 target I've talked about for weeks now

Trade Idea (Read notes below)

Long at market, Stop 5090, Target 5200 if 5110 taken out cleanly

The SP 500 has broken out of a 2 year cup base pattern with the right side breaking out big recently.

Short term extended but 5140 is a likely lock target wise if you want to chase the last 30-40 points here.

5108…

3x ETF Morning Report 2/23/24

Morning Reports
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Markets:  See long term QQQ and SP 500 Charts at bottom for bull market reference, these are monthly charts showing breakouts in early 2024 of long term resistance. Short term a bit overbought, 5140 was my SP 500 target I put out in January and we are close.

3x ETF Updates

Closing YINN This morning for 22-23%…

3x ETF Morning Report 2/22/24

Morning Reports
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Sorry the Annual Members did not get report this morning. It was my clerical error

Here it is

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Markets:

As I said yesterday, normal correction in markets.  NVDA earnings blew away all expectations and have accounted for this smash higher in futures trade this morning. The ES Futures contract ran from 4960 to 5068 which is a…

ES Morning Update 2/22/24

ES Alerts and Reports
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ES at 5061

Stunning turnaround of 100 points off the 24 hour lows on NVDA earnings. Obviously I cant predict market reaction to one companies report, but that is what happened.

I'd feel good around 5030 on a pullback getting long

30 minute chart

3x ETF Morning Report 2/22/24

Morning Reports
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Markets:

As I said yesterday, normal correction in markets.  NVDA earnings blew away all expectations and have accounted for this smash higher in futures trade this morning. The ES Futures contract ran from 4960 to 5068 which is a stunning turnaround. Therefore we are seeing 3x ETF's like SOXL, TQQQ etc ripping higher, none of which you…

ES Morning Update

ES Alerts and Reports
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Futures off a bit further

We got stopped out again on a tight range trade yesterday at 4990 for a loss

4974 current futures as of 845 am EST

I think we will see 4930 area if 4970 doesn't hold here as a projection and guidance

Near term I dont feel comfortable with an actual trade alert just yet..

4 hour chart

3x ETF Morning Report 2/21/24

Morning Reports
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We are looking to add hopefully 1-2 new positions or adds this week to existing positions, so stay tuned.

Markets:

Normal correction here in the SP 500, Small Caps, QQQ ETF etc.  Key is determining levels that make sense on a pullback and then having a strategy, whether that's stock swing trading, 3x ETF, Futures etc.

SP…

TNA Alert Update

Trade Alerts
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TNA hit 36.50 at 1204pm EST

Start scaling in until 12pm EST tomorrow

37 is MAX price to pay, 36.56 now but use dips to average in

ES Trade Alert and Update 2/20/24

ES Alerts and Reports
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Markets consolidating gains

We protective stopped at 5030 on Friday for break even

5006 this morning in early pre-market trade, I want to see 4990 hold

If you want to take a shot, you can go long at market because the uptrend line is intact and I had discussed 5007 last week as possible on a pullback…

3x ETF Morning Report 2/20/24

Morning Reports
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We are looking to add hopefully 1-2 new positions or adds this week to existing positions, so stay tuned.

3x ETF Action Items:   TNA and YINN

TNA- Sell Position if you see $41, Double up over 24 hours scale in if you see 36.50

YINN- Stop now 16 near close on final 1/2 of trade up…

Weekly Report 2/19/24

ES Alerts and Reports
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The weekly report is now online

You can  register HERE to have it delivered to your Inbox on the weeks it is published, usually on Sunday.

This report covers the market trends, thoughts on the market, recent trading results, and my top 15-20 stock swing trade ideas for the near term environment

Feel free to share!

Weekly Market and Swing Trade Ideas Report

Weekly Market Report
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 The weekly report is now online

You can  register HERE to have it delivered to your Inbox on the weeks it is published, usually on Sunday.

This report covers the market trends, thoughts on the market, recent trading results, and my top 15-20 stock swing trade ideas for the near term environment

Feel free to share!


ES Alert Update

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We got long at 5030 on the dip today

Push stop to break even at 5030 from 4995

5050 area currently

ES Trade Alert Update 2/16/24

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We missed my preferred entry yesterday on the dip

Lets move the dip buy entry limit to 5030, currently 5043 area with a 5058 high.

Lets add to that at 5015 if hit

Stop will then be 4995

E mini contracts on each, if you are trading $50,000 total in this service, 10% on each tranche... $5,000 per position tranche is advised... if more aggressive then 20% per tranche.

3x ETF Morning Report 2/16/24

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3x ETF Action Items:  
TNA- Sell if you see $41
YINN Sell 1/2 at 17.60, which is an 8% gain on a full 20% position per rules

Position Updates:  Charts today on TNA and ERX for reference, both in the Green!

ERX - $58.18 10% position avg. Entry 55.75  Target as high as 63-64

Nice pop…

ES Trade Alert 2/15/24

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Trade Alert

Long at 5000 limit entry
Stop 4960
No Target yet

5021 currently but gut says a little more pullback, if not I will update and advise any changes

3x ETF Morning Report 2/15/24

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Also ES Alerts just made 11% gains in a few days on our latest trade. $5,000 position would have yielded $550 of profit. Subscriptions are only $59 a month.  Maybe 1 or 2 trades a week, its easy to manage, E Mini Contracts are only $5 per 1 point of SP 500 or about $2,500 per contract…