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ES Trade Update 1/24/24

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ES Trade Update

4921 on ES, we are up about 40 points from 4480 ish

Put a stop at 4480 for now

Target not set yet but I will keep updating trade

Intermediately 5140 possible as noted yesterday fwiw

3x ETF Trade Alert

Trade Alerts
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Quick Website Tips:   If you get an SMS text alert that has a URL for the Alert Post, click on the URL in the text message, and when logged in you MUST click the post title to read a full post. This also is true for morning reports and regular posts online.  Click the title on any post to read the entire post.  The title will always be bolded black color…

3x ETF Morning Report 1/24/24

Morning Reports
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Quick Website Tips:   If you get an SMS text alert that has a URL for the Alert Post, click on the URL in the text message, and when logged in you MUST click the post title to read a full post. This also is true for morning reports and regular posts online.  Click the title on any post to read the entire post.  The title will always be bolded black color. …

ES Alerts Members Post Info

ES Alerts and Reports
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Daily reports are posted usually by 930 am EST with an E-mail and also Online Post here on memberful.com 

You can get SMS text alerts for "Trade Alerts" only, not for updates or morning reports.

The Daily posts or Trade Alerts are found online in the tab "Posts and Reports", if you go to the drop down section you will see ES Alerts and Reports and that is where all ES members…

ES Trade Alert 1/23/24

ES Alerts and Reports
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Trade Alert:  4884 area

Go long at market on 1 tranche, at another if we dip to 4870 and another at 4840

Intermediately I can make a case for 5140 as our next major resistance but a little pullback here first would be great... as always subject to revision but I do not change my forecasts often

See charts 4 hour and Daily from this morning (Shared from Stocktwits ES Room which…

3x ETF Morning Report 1/23/24

Morning Reports
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Bull market continues to run so today I thought I would give you my views of what is going on from a LONG TERM Elliott Wave perspective.  Again, Elliott Waves can be interpreted in different ways using the same chart with 5 different people giving you 5 different views. Mine have tended to be very simplified, less labels, gut instinct projections that for 15 years have worked very well most of the…

3x ETF Morning Report 1/22/24

Morning Reports
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The morning report comes out each morning prior to 930am EST market open. Please make sure to review as I will update strategy plans, stop losses possibly, targets and open positions.

The market continues the Bull run and those who have followed me awhile or are members of this or other plans I offer know I updated my SP 500 forecast to 4900 in early November. I had a 4800 target for…

Stocktwits Members Welcome

3x ETF Member Notices
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Existing members that are not coming over from Stocktwits today can ignore this post.

If you are coming over from Stocktwits via migration today 1/19/14  this will be the new platform from here forward. 

Full website here

Log in with Email in the upper right corner of website at Sign In... and you will get Email back to sign in, then you can set up a Password etc if you wish and…

3x ETF Alert

Trade Alerts
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3x ETF Alert SPXL - 104.71 currently

Could pull back to 100-101 ranges in normal triangle pullback

SPXL is 3x Bull SP 500

Not as much upside as some other ETF's but we will start with our usual 10% allocation or 1/2 position size, work in from 1040 am EST today until 1040 am EST Monday especially on dips

Max Entry 105 adding on dips
Target as high as 126 further out…

3x ETF Morning Report 1/19/24

Morning Reports
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Markets moving higher, turns out the sharp pullback earlier this week was a shakeout if you will and we sold out of both SOXL and TQQQ a bit early but a profit is a profit. TQQQ getting close to my 54 target from weeks ago so my behavioral pattern analysis is on target

LABU did not pullback far enough and now is over 111, so I may adjust the parameters and will…

3x ETF Alert- LABU Buy IF

Trade Alerts
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3x ETF BUY IF Alert- LABU

Currently 108.72

10% position size to start- LIMIT entry starts at 105.20, not yet...

I would like to see a little more pullback before entering and it may or may not happen....

Here are the parameters:

BUY IF you see $105.20 at anytime, then we start to scale in over a full trading day window as always. If this happens at 2pm EST we scale in…

3x ETF Morning Report 1/18/24

Morning Reports
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Nasdaq 100 has been wobbly of late but pushing this morning higher on AAPL and NVDA movements, AMD also strong.  We sold at 49 yesterday for close to 9% profits, when in doubt I get out and watch and regroup

Right now though if we can hold up here on this 7 day base pattern we could breakout to the upside

I held my BITX and have been adding, most of you…

BITX Update and Options

Trade Alerts
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3x ETF BITX Update

If you took a loss this morning at market 22.50 ish area that is fine and what I advised if conservative.  Those who remained long with a 23 stop near close of trading day are seeing BITX now  at 22.46

Bitcoin is hovering just above the 13 day EMA line which is one of the lines I like to use often for support. In the meantime the weekly…

3x ETF Morning Report 1/17/24

Morning Reports
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3x ETF Morning Report 1/17/24

Markets are wobbling a little of late in my opinion.  The NUGT trade went against us after seemingly turning around last Friday morning sharply to the upside.  The stop was 29 near close and we closed at 28.99 and were below that price 5-10 minutes near the close.  A 13% loss, a rare loss but they are going to happen. 

BITX 22.52 pre market, stop is 23…

3x ETF Morning Report 1/16/24

Morning Reports
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3x ETF Morning Report 1/16/24
Recent Members:  If not long from original alerts or a 3x position is not in the original buy ranges, wait for next trade.  You can buy BITX here but 23 is stop near close of trading day to monitor. You can buy NUGT here, stop is 29 near close of trading day. 

SP 500 in a 4 week base, see my 4 hour ES Futures chart…

3x ETF BITX Update

Trade Alerts
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3x ETF BITX Update

The 34 day EMA line for Bitcoin is at 43,287... we are just over that now.  This is a typical bottom pivot, so lets adjust the stop on BITX to 23 near close of trading day, lowered from 24.  Currently 23.15

Our average is 24 on the 2nd half of trade, we already took nice profits on the front half.  In hindsight, obviously wish we sold higher yesterday…

3x ETF Trade Alert -SOXL Sell

Trade Alerts
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3x ETF Trade Alert- SOXL

Closing out SOXL here for 11% gains at 28.35 from 25.50 avg entry on 10% position size.  Going sideways several days , lets book some profits here.  If aggressive, you can hold with 3% trailing stop loss. 

3x ETF Morning Report 1/12/24

Morning Reports
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3x ETF Morning Report

BITX 26 area

Bitcoin pulling back some, watching 45,000 as possible pivot from 45,700 currently.  You could see BITX back at 25.  We hit 30 yesterday which was my original target , but I increased that to 32 plus if 51,200 Bitcoin is hit. Lets hold here, maintain stop at 24 near close of trading day up from 23 prior.  That's break even on this final 1/2 or…

Text Alert Sign Up

3x ETF Member Notices
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SMS Text alerts for Trades only is now available. I will send an SMS text to notify you on new trade alerts buy or sell, in addition to the usual E-mail and Post you will get as well.  SMS text is a fast delivery to your phone/device so you do not miss timely advice.

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3x ETF Morning Report 1/11/24

Morning Reports
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3x ETF Morning Report

BITX - Bitcoin approved yesterday by SEC as I expected. BITX trading near 28 and my target is 32.40 for our 10% remainder position from $24.  HOLD

TQQQ-  Inching over 50 after dropping to 45 last week, our average is 45 and my target remains 54, since it's a 10% position we do not sell half up 8% so HOLD 

NUGT- We doubled up yesterday to full 20%…