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3x ETF Morning Report 8.1.24

Morning Reports
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B wave up continues in SP 500, QQQ etc and IWM ETF is breaking out strongly.

ES service had guidance to look for 5590-5600 on ES futures this week and we hit 5598 highs so far, filling a gap above in the chart.  If ES can get…

ES Morning Report and Trade Ideas 8.1.24

ES Alerts and Reports
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ES Hit 5598 highs post FOMC
 
My guidance yesterday was in general wait for post FOMC trade 

 Wait for FOMC post decision trading this week, only go long over 5542 with a target of 5590-5600 to take profits.  
We are at .382 fib now…

3x ETF Morning Report 7.31.24

Morning Reports
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Huge double bottom in both SOX Index and SP 500, QQQ etc may have hit yesterday. NVDA and AMD up big pre market, SOXL up 12% pre market from low's in 36.80-37.50's yesterday.

QQQ has not yet hit my 442, and SP 500 has not yet hit…

ES Morning Report and Trade Ideas 7.31.24

ES Alerts and Reports
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ES 5541 interesting action...

Double bottom both on ES and SOX index yesterday is interesting

The 3x ETF service is long SOXL (3x Bull Semiconductors) because I had a 4875 SOX index target out, and it hit on the nose yesterday.  Significant because SOXL is up…

ES Morning Report and Trade Ideas 7.29.24

ES Alerts and Reports
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5513 area 910am EST

We dropped to 5480 lows off the 5433 to 5534 rally.  So far normal pullback, and again a push to 5542 would run into a 38% fib resistance zone from the ES highs to recent pivot lows.

Over 5542 solidy brings up…

3x ETF Morning Report 7.30.24

Morning Reports
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 Markets pulled back some more on Monday.  I have some updated "Potential" QQQ ETF and SP 500 charts.  We can still look for potential to 5300 on SP 500 and 442-445 area on QQQ (464 now).  Not necessarily in one week but over the intermediate window.  August-September-October…

ES Morning Report and Trade 7.29.24

ES Alerts and Reports
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5516 area, high of 5534 just 16 points off my 5550 target

Still 5550 possible as guidance on this bounce.  If we can push hard 5610 area comes into view but will probably need some strong shift in sentiment or a few big earnings hits for…

3x ETF Morning Report 7.29.24

Morning Reports
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5520 on ES Futures, I noted 5550 possible bounce last Friday when we were at 5480... tech stocks bouncing as well, many of the SRP stock swing positions are pushing up as well here.  

5610 area on ES possible HIGHER bounce point but I'm still watching…

3x ETF Morning Report 7.26.24

Morning Reports
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Markets/Strategy:  Some set ups emerging?  

 Futures bouncing up off my 5450 targets I put out earlier this week for ES... we could push back to 5550 resistance, currently around 5480

SOX Index may have bottomed out Thursday morning right near the charting areas I gave out recently here…

ES Morning Report and Trade 7.29.24

ES Alerts and Reports
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5516 area, high of 5534 just 16 points off my 5550 target

Still 5550 possible as guidance on this bounce.  If we can push hard 5610 area comes into view but will probably need some strong shift in sentiment or a few big earnings hits for…

ES Morning Report and Trade update 7.25.24

ES Alerts and Reports
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5475 area as of 930 am EST

Yesterdays snippet projected possible 5450 lows which in fact were hit on the nose...

The upside move from 5553 lows was limited and pretty shallow for a B wave  bounce. There is always a C wave as I say…

3x ETF Morning Report 7.25.24

Morning Reports
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Markets/Strategy:  GOING SLOW FOR NOW

5450 was the low so far from 5721 on ES (SP 500) overnight/yesterday.  In the ES service yesterday we were at 5560 in the morning and I said to watch for possibly 5450 if 5553 lows broke , which they did

This is still…

3x ETF Morning Report 7.24.24

Morning Reports
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Markets/Strategy:  GOING SLOW FOR NOW 

The bounce so far off the initial drop from the uptrend highs was limited to just over a .382 retracement bounce, which is shallow. This has led to the futures down this morning, perhaps TESLA not helping pre-market.  Testing the lows now at…

ES Morning Report and Trade update 7.24.24

ES Alerts and Reports
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5550 area as of 830am EST

A  bit drop from last night, Tesla earnings and or outlook not helping sentiment.

We stopped out at 5590 for 23 point loss, but so far avoided another 40 points below that

The upside move from 5553 lows was limited…

ES Morning Report and TRADE 7.23.24

ES Alerts and Reports
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5613 plus minus as of 10 am EST

Going long here is the advisory with a 5654 target, only 41 points upside on this one but I could revise higher as the set up on the SPX now is looking like it may sprint to me…

3x ETF Morning Report 7.23.24

Morning Reports
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Nice bounce up in ES (SP 500 Futures) to .382 retracement or 5616 from 5553 lows of the A wave down... often you get an A down, B bounce up, then a C down to test the prior lows or lower... so loosely that is what I…

ES Post Market Updates Monday 7.22.24

ES Alerts and Reports
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Trade stopped out unfortunately in the morning at 5575 from 5593 entry for 18 point loss on Monday.  ES then rebounded to 5607 as of 5pm EST on Monday afternoon, perhaps the stop was a little tight

I will advise if I see another set up…

ES Morning Report and TRADE 7.22.24

ES Alerts and Reports
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5593 this morning pre market for ES, looks like a bounce with 5580 key support

GO LONG at market, stop at 5575 tight and I will advise from there


 


 
 


 
 
 
 

 

 


 



3x ETF Morning Report 7.22.24

Morning Reports
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ES Futures 5588 up 34 points this morning from 5553 lows on the pullback. Looks like a 5 wave decline from 5721 to 5556 for A wave, now B up bounce I think, fwiw... then possibly a re-test or lower C wave  yet to come

2 hour…

3x ETF Trade Alert 7.19.24

Morning Reports
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Chip Stocks

Taking a bath and working towards a possible SOX Index 5275 pivot here. We can drop another 1.25% or 3.75% on SOXL if that pivot is correct, then possibly bounce up in a counter rally

We can try to play this with entry ranges and a tight…