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ES Morning Report 5.20.24

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Monday update:

5337 AREA, TAKE PROFITS AT 5344, STOP 5308 BREAK EVEN
 
 ES TRADE ALERT/IDEA

From Last Wednesday pre-market:
"
5294 another 50 points of likely upside on wave 3 here... can take some long here at market and again at 5275 on pullback"

Update…

Weekly Market Report now online!

Please review the weekly market report

Market Report Link
  • I cover the SP 500 Long Term Chart update and forecast model
  • 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 stock trading service had another great week closing out several trades for profits. We also had…

Weekly Market Report now online!

Please review the weekly market report

Market Report Link
  • I cover the SP 500 Long Term Chart update and forecast model
  • 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 stock trading service had another great week closing out several trades for profits. We also had…

3x ETF Trade Alert 5.17.24

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NASDAQ 100

 I think we need to pull back a bit more here towards 61 on TQQQ.  We are 62.84, now I may be wrong but I would wait a bit before entering this long trade.  This is a limit entry starting at 61.50 if…

ES Morning Report 5.17.24

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Friday Notes

5323 now, again off the 5336 highs this week
 
 ES TRADE ALERT/IDEA

From Wednesday pre-market:
"
5294 another 50 points of likely upside on wave 3 here... can take some long here at market and again at 5275 on pullback"

Update for Friday, maintain…

3x ETF Morning Report 5.17.24

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Markets:    Wave 3 up of 5 of 5... continues, getting a little extended though here on the Bull side of things.  In early April I put out a 5600 plus SP 500 target for 2024... still good.
 3x ETF Action Items: 
  •  43.77 was…

3x ETF Morning Report 5.16.24

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I have to be on the road early this morning so I am publishing this update Wednesday night for delivery on Thursday morning at 8am EST. 

3x ETF Action Items: 
  •  SOXL was sold at 45.50 for 12.6% gains from 40.40 average, went higher later
  •  Sell…

ES Morning Report 5.16.24

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 Thursday notes

5336 was the high as of 7pm EST last night.  Close to my 5344 call from 5230 last week as guidance.  This wave is getting a bit extended for sure now.
 
 ES TRADE ALERT/IDEA

From Wednesday pre-market:
"
5294 another 50 points of…

ES Morning Report 5.15.24

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Wednesday notes

Well 5344 advisory and projection is coming into view as we approach 5300 post CPI report... sorry we got stopped out on the PPI, it happens.  My service here is not just alerts, its general projection guidance and charts so you know where we are…

3x ETF Morning Report 5.15.24

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3x ETF Action Items: 
  •  SELL SOXL at 45.50 if it hits, was over 45 pre market
  •  NUGT new position alerted Tuesday
  • Stop is $35 near close on BITX but moving up nice now
Watch List:
None currently, added NUGT yesterday
 
Markets:    uptrend continues…

3x ETF Trade Alert 5.14.24

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Gold play

Back on April 14th I projected that Gold would pullback to 2250-2350 and that would be an area to buy. Currently sitting at 2358 after 2458 highs in April and 2285 lows recently.

GDX ETF can run another 11% or so IF Gold…

ES Morning Report 5.14.24

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Tuesday notes:

Stopped out on PPI report just below 5220 today for 10 point loss
 
 I'm still bullish, we are consolidating.  If we get another entry shot I will send out alert today.
 
ES 5250 up off sub 5220 post PPI washout lows today, we…

3x ETF Morning Report 5.14.24

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3x ETF Action Items: 
  •  SELL SOXL at 45.50 if it hits
  • I may add another position Tuesday, reviewing options
  • Stop is $35 near close on BITX
Watch List:
SOXL
May add to a full position at some point if it pulls back but 10% position…

ES Morning Report 5.13.24

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Monday notes:

HOLD Long position, stop 5220 for now, 5344 still target
 
 Markets moving up well past 5190 resistance and hence I assumed we MAY be in a 3rd wave up off the 4964 lows. This is why I put out the go long over 5230…

3x ETF Morning Report 5.13.24

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3x ETF Action Items: 
  •  SELL SOXL at 45.50 if it hits
  • I may add another position today, reviewing options
Watch List:
SOXL
May add to a full position at some point if it pulls back but 10% position from $40 avg now
 
Markets:  …

Weekly Market Forecast Report now online 5.12.24

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First weekly report published in 8 weeks. The last one on March 10th projected a big move up in China stocks (YINN), Gold and Gold stocks doing well, and the market topping in April for a bit...

See what I am looking at now plus…

Weekly Market Report Now Online 5.12.24

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Account Link:
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Positions Page:
   REVIEW HERE
Track Record:      REVIEW HERE


First weekly report published in 8 weeks. The last one on March 10th projected a big move up in China stocks (YINN), Gold and Gold stocks doing well, and the market topping in April for a bit...

See what I am looking at now plus…

3x ETF Morning Report 5.10.24

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3x ETF Action Items: 
  • We doubled up on BITX to a 20% position, our avg is $40.40 on 20% now
  • SOXL now long 38.70-41.25 ranges, so lets call our average $40
Watch List:
SOXL
May add to a full position at some point, 10% position…

ES Morning Report 5.10.24

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 Markets moving up well past 5190 resistance and hence I assumed we MAY be in a 3rd wave up off the 4964 lows. This is why I put out the go long over 5230.... let's see if it works out.  Stay long with stop at 5220

ES Trade Alert 5/9/24

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ES TRADE ALERT/IDEA

 5220 area, LIMIT entry at 5230 Target 5344 possible 

Stop tight 5220 because I see 5227 as key to take out clean

But with potential 114 point upside and 10 point downside