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ES Morning Update 2/14/24

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ES at 4996

The low yesterday was 4940 early in the morning over reaction to Inflation data. Now nearing 5000 and we of course took profits at 5025 from 4968 entry already.

No position now, I'm leaning to another long position after things settle. I'm still at 5140 for my projection intermediately from my Jan 25th target update in my services.

I would like to loosely see 4970 hold on any pullback…

3x ETF Morning Report 2/14/24

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Happy Valentines Day!

Crazy action yesterday morning on an excuse to take profits day in my opinion. As I said no need to panic but we did take action nonetheless.  Profits need to be protected with uncertainty, but I do not like to over react either so its a delicate balance. I think the market was obviously extended and the selloff went from 5068 on SP 500 Futures at this weeks high…

3x ETF ERX Update

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I neglected to note the ERX new alert from yesterday in the morning report

With that said, we are working in until 1020 am EST this morning. 

Trade Parameters: 

Max Entry 56.70 adding to possible low 55's over 24 hours until 1020 am EST tomorrow

Target as high as 63-64 but I will update, no stop yet as we often double up

So 56.32 currently use the dip to add

ES Morning Report

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  • ES Futures at 4970
  • No Position
  • I will review to look at new entry and alert if I see set up

We sold at 5025 to take 57 points of profit yesterday with the protective stop in place. About a 10% profit

Market reacting negatively to early Inflation Report:

3x ETF Morning Report 2/13/24

Morning Reports
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Market reacting negatively to early Inflation Report:
  • Stock futures are falling further after this morning's inflation data came in hotter than expected.
  • The report shows consumer prices rose 3.1% in January from a year earlier. That was a cooldown from last month but more than the 2.9% increase economists polled by The Wall Street Journal expected.
  • Core prices—which exclude food and energy items—rose 3.9%. That was also above the 3.7% increase economists…

3x ETF Alert

Trade Alerts
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3x ETF Alert

Energy based ETF ERX is 2x Bull Energy (XLE Underlying)

We have a 13 day consolidation in the XLE ETF and it COULD push higher out of this range, if not we will consider a double up later

ERX currently at 56.33

Trade Parameters: 

Max Entry 56.70 adding to possible low 55's over 24 hours until 1020 am EST tomorrow

Target as high as 63-64 but I will update…

ES Trade Update

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5042

Up about 14.8% on this trade

Still long from 4968 and I've discussed 5140 outlook for a few weeks now as "guidance" if you will

I set a stop at 5010 on Friday morning, let's push that to 5025 and hold otherwise


3x ETF Morning Report 2/12/24

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3x ETF updates:  Action Items from late last week

1/2 Profits taken on SPXL Friday 118 area from 105-108 area for 10-13% we are holding 1/2 still now at 119.50 pre market, target as high as 126

SOXL profits taken with $39 target hit on Friday for 13.7% gains from 34.30

YINN-  We doubled up from 1pm Thursday EST to 1pm Friday EST, average price about 15.35... gives us 15.35 on 1/2…

3x ETF Morning Report 2/9/24

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Futures Trading Service: Now up 11.4% in 3 days!

We are up now 11.4% in the ES Trading service in 3 days with only a 1.1% move in the SP 500.  It's easy to trade E Mini futures.  Each 1 contract is $5 x the SP 500 number or $2,500 roughly.  If you trade 2 contracts, you put $5,000 at risk.  A 1% move is 8% in your favor. Stops are easily…

ES Trade Update

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5025

We are long from 4968

Push stop to 5010 and take profits if you see 5040

There is a potentially short term blow off top wedge pattern that could hit, so I want to take profits if it smashes upwards but protect if the wedge fails near term.  Further out I'm still at 5140 target.

2 hour chart

3x ETF YINN Alert

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YINN- 15.50 has hit

Scale in until 1pm EST tomorrow for 2nd half of this trade to take us to 20% position size.

Max price to pay is 15.75 and add on dips

First half is at 17.30 average

I will set a stop tomorrow afternoon after we have completed entry and have a net average

Could…

ES Trade Update

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5010

We are long from 4968, up about 8.4% on a trade basis here for ES

Maintain long, maintain stop at 4968 break even for now

Target potentially much higher yet

3x ETF Morning Report 2/8/24

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Futures Trading Service:

We are up 8.4% in the ES Trading service in 2 days with only a 1% move in the SP 500.  It's easy to trade E Mini futures.  Each 1 contract is $5 x the SP 500 number or $2,500 roughly.  If you trade 2 contracts, you put $5,000 at risk.  A 1% move is 8% in your favor. Stops are easily placed and adjusted daily.  I use my…

ES TRADE UPDATE 2/7

ES Alerts and Reports
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ES 4990

We are up about 22 points I would continue to hold here let's put the stop at 4960

Again my further out Target is 5140 so let's try to ride a bit

3x ETF Morning Report 2/7/24

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Market Notes:  YINN Double up if we see 15.50, start to scale in, see notes on YINN

SP 500 consolidating near highs, QQQ ETF could break out higher soon as well. February can often be a slow month or consolidation month.

TNA- 34.78 10% position, 36.30 average

IWM ETF (TNA based 3x ETF) is consolidating, we can see in my IWM ETF chart it's possibly trying to form a double bottom.  TNA…

ES Trade Alert Update

ES Alerts and Reports
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ES at 4965

Long at around same area yesterday, again add at 4930 on a dip and otherwise maintain long. No target yet but I am bullish to 5140 for reference intermediately

3x ETF Morning Report 2/6/24

Morning Reports
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Double up on TNA if $32 hit , Remove double up on YINN at 14 for now

SOXL  $35.48 pre market up, Avg entry 34.30 10%

Didn't quite get to my pivot lows to double up so we are still 10% position here but now back in the green at 35.50 area from 34.30 entry average. Maintain…

3x ETF Morning Report 2/5/24

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Double up on TNA if $32 hit and YINN if $14 hit, see notes below for instructions

SOXL  $34.31 up pre market

This is pushing higher pre market to 34.31 back to break even after hitting low 31's at one point last week.  Key is to not panic or overreact on downdrafts, 3x ETF's can be extremely…

ES Morning Report 2/5/24

ES Alerts and Reports
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ES 4968 area

Didn't quite hit 4925 entry but we did rip about 45 points from 4930 at time of my alert last Friday.  I continue to be bullish to 5140

I would take a long position at market here and add at 4925 if hit

I will update stops and targets along the way as needed

Weekend Market Report now Online 2/4/24

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