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3x ETF Morning Report 6.12.24

Morning Reports
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Markets:   Uptrend highs for NASDAQ and SP 500 as wave 5 up continues. I put out a 5455 ES Futures projection well over a week ago and people thought I was nuts. Futures are up 41 points now after a benign inflation report and our…

3x ETF Morning Report 6.11.24

Morning Reports
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Markets:   Consolidating recent gains here still... not much news to add. 
    
  •    3x ETF Action Items:  YINN and  NUGT ADD Limit Orders In Effect as of Friday afternoon when both NUGT and YINN hit limit buy orders
    •   NUGT - 37.25 is…

ES Morning Report and Trade Update 6.11.24

ES Alerts and Reports
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Tuesday 6/11 Update

ES around 5357, high yesterday 5385
 
Not much to add, this market is consolidating so we are not getting anywhere and this is because Wave 1 was equal to Wave 5 at recent pivot highs.... and that can be a top or…

3x ETF Morning Report 6.10.24

Morning Reports
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Markets:  SP 500 Futures 5350, still consolidating not much to add. Review the Weekly Report sent out yesterday for now
    
  •    3x ETF Action Items:  YINN and  NUGT ADD Limit Orders In Effect as of Friday afternoon when both NUGT and YINN…

ES Morning Report and Trade Update 6.10.24

ES Alerts and Reports
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Monday 6/10 Update

ES around 5350 9am EST, still long from 5340 average...

Current Trade:  Tranche at 5350, another at 5330 LONG... Stop 5320, Target  5400

Repeated chart of 5455 potential 




Weekly Market Report now online! 6.9.24

Weekly Market Report
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Weekly Market Forecast and Trade Ideas report now online
(Scroll down for link)

SIGN UP FOR WEEKLY REPORT TO YOUR EMAIL INBOX   click here
  • I cover the QQQ ETF long term update, Bitcoin bull projection chart... 
  • Swing Trade Ideas list for my top 10-20 stock ideas near term which we use at the stockreversalspremium.com service to drill down and pick our trade alerts
  • Quick notes on the markets and more

    SRP…

3x ETF Trade Alerts

Trade Alerts
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Per the morning report, both NUGT and YINN have hit the limit prices this afternoon to start scaling into 10% additional positions, you can do this over a few days I think.

Here is the refresher

3x ETF Action Items:  YINN and  NUGT ADD…

3x ETF Morning Report 6.7.24

Trade Alerts
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Markets:  ADDING TO NUGT/YINN TODAY IF PRICE LEVELS HIT SEE NOTES BELOW

ES Futures hit 5329 lows this morning on Payrolls data but for now holding around 5340 as we consolidate.  ES Alerts service had advisory yesterday to buy 1/2 at 5350 (Market was 5373…

ES Morning Report and Trade Update 6.7.24

ES Alerts and Reports
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Friday 6/7 Update

ES around 5340

Yesterday's trade parameters: New idea-  Tranche at 5350, another at 5330 LONG... Stop 5320, Target  5400

We dropped hard on Payrolls data this morning to 5329, and dipped at one point yesterday below 5350... so if you followed the trade…

3x ETF Morning Report 6.6.24

Trade Alerts
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Markets:  

5373 highs on ES Futures off the 5210 lows last week which I marked as Wave 4 bottom of a 5 wave up move... we can reach to 5455 on ES, currently 5362

SRP stock trading service closed out SG for 15% gains…

ES Morning Report and Trade Update 6.7.24

ES Alerts and Reports
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Thursday 6/6 Update: Sorry was ill early this morning and late getting going

ES 5362

New Trade Idea and Recap of last closed trade:

New idea-  Tranche at 5350, another at 5330 LONG... Stop 5320, Target  5400 

Recap of 35 point win trade:

 Got stopped out…

ES Morning Report and Trade Update 6.5.24

ES Alerts and Reports
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Wednesday 6/5 update:

 ES Trade Idea: (From Tuesday morning report)

Go long again here 5275 area, add 5260.... Stop 5240.... Intermediate target still over 5400 if this pattern holds in

Update:  5318 now, we are up 43 points.  Move stop to 5310.  We did not hit…

3x ETF Morning Report 6.5.24

Trade Alerts
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Markets:  

Possible mini abc bottom yesterday as I Projected in my ES futures service, we got long there in the morning so far so good.  Futures are back up a bit and we can still see higher highs potentially ahead, but as I always…

3x ETF Trade Alerts

Trade Alerts
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 Gold and Energy

Our 2x ETF's on NUGT and ERX are dropping hard here.  We are looking to double up at certain price points and then after that scale in we will set a stop. 

NUGT - 36.25 is our limit to start a 10%…

3x ETF Morning Report 6.4.24

Trade Alerts
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Markets:  

P.S. For those who joined Tipping Point Stocks recently we have one of the two positions up 40% this morning on news of a long term contract.  A small $5,000 position would have paid for 3 years subscription. The other of the two…

ES Morning Report and Trade Ideas 6.4.24

ES Alerts and Reports
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Tuesday 6/4 Update:

Pullback stops us out last night at 5270 after I did the update late afternoon.  We had a 5290 average on the overall 3 tranche position if you took the trade idea.

This pullback so far is normal after a ripping run off…

ES Trade Follow up 6.3.24

ES Alerts and Reports
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Monday 6/3 Trade Update

5286 ES as of 345pm EST plus minus

The trade today was  Long at market, add at 5290, add at 5275

If you followed todays parameters it was about 5305 on 1/3, 5290 1/3, and 5275 1/3.

No Stop was set, the…

3x ETF Trade Alert

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BITCOIN

Back at it again.  BITX is a 2x Bull on Bitcoin, we use $BTCUSD on Stockcharts.com to track as one option, but you can find Bitcoin pricing all over now.

I still am looking for 81,400 eventually on Bitcoin and this multi month consolidation…

3x ETF Morning Report 6.3.24

Trade Alerts
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Markets:    

Last Friday in this column I noted 5220 was key to hold on a closing basis, which it did. The bottom was a perfect Fibonacci retracement of waves 1-3 inclusive last Friday and the rally since would seem to confirm wave 5…

ES Morning Report and Trade Ideas 6.3.24

ES Alerts and Reports
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Monday 6/3 Update:

Trade idea today is for 5th wave target as high as 5455

5308 plus minus right now off the 5205 lows.  The SPX hit 5192 lows and both of these are 38% fibs of waves 1-3 inclusive.  When you have an extended wave…