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3x ETF Morning Report 4/18/24

Morning Reports
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Markets: Repeating views below 
  • 5007 lows on SPX so far, 4990 was a price to watch a week plus ago I gave out and after that 4820-4850 areas are possible, for now holding the higher pivot range
  • Again, Mercury Retrograde goes until April 25th…

ES Morning Report and Trade 4/17/24

ES Alerts and Reports
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Futures 5104, high 5123.25 yesterday missing my short entry by 1.75 points so far

ES TRADE: Short at 5125, Stop 5140, Target 5075  STILL VALID 4/17/24

 
Repeating from Monday:

Again, pullback to 5070 zone still possible. Also we have added in the Element of Mercury in…

3x ETF Morning Report 4/17/24

Morning Reports
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Markets: Repeating views below 
  • 4990 SP 500 coming into views, my April 2nd forecast for KEY SUPPORT, below that is 4820-4850 per Monday update  
  • Again, Mercury Retrograde goes until April 25th, lots of confusion during this window on news events etc.
  • Stay patient…

ES Morning Report and Trade 4/16/24

ES Alerts and Reports
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Futures 5110 down 100 from yesterday morning, near my 5070 pivot, the low was 5081 overnight just 11 points off my projection and here a bounce up... high so far 5120 area

ES TRADE: Short at 5125, Stop 5140, Target 5075

 
Repeating from Monday:

Again, pullback…

3x ETF Morning Report 4/16/24

Morning Reports
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Markets:

 
  • 4990 SP 500 coming into views, my April 2nd forecast for KEY SUPPORT, below that is 4820-4850 per Monday update  
  • Again, Mercury Retrograde goes until April 25th, lots of confusion during this window on news events etc.
  • Stay patient and let the…

ES Morning Report 4/15/24

ES Alerts and Reports
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 Futures 5211 up 43 this morning, low of 5150 last Friday

5235 area resistance, 5070 area very possible on corrective action still

Again, pullback to 5070 zone still possible. Also we have added in the Element of Mercury in Retrograde that started on April 1st…

3x ETF Morning Report 4/15/24

Morning Reports
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Markets:

ES Futures at 5205 Monday morning after washout late last week. I realized that Mercury is in Retrograde from April 1st until April 25th, and that my friends adds to volatility, mis-interpretation, over-analyzing, and bad decision making on behalf of humans. Those who have…

ES Morning Report 4/12/24

ES Alerts and Reports
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Futures 5200 area

5235 area resistance, 5070 area very possible on corrective action still

We missed short entry yesterday but then it would have hit much later on, but stopped out quickly for 10 point loss.  We then pushed to 5256 area in early afternoon and then…

3x ETF Morning Report 4/12/24

Morning Reports
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Markets:

ES Futures at 5200, the support line this morning but flying all over the place here in April. Volatility to continue, perhaps some frustration but we are executing pretty well considering.

 3x ETF Positions/Notes:

 

  •  BITX $50.94 currently, high over 52 earlier…

3x ETF Trade Alert 4/11/24

Trade Alerts
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Time to get long YINN 3x Bull China (FXI is the underlying ETF), potential 33% upside intermediately, but one day at a time

YINN- 20.42

Max Entry 20.80, adding to potential 19.30-19.40 on dips, 10% position to scale in
No Stop
Target as high as…

ES Morning Report and Trade Alert 4/11/24

ES Alerts and Reports
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Futures 5211, Key support is 5200, April volatility continues

5235 area resistance, 5070 area very possible on corrective action still

This volatility and consolidation/correction I expected in April after a strong 1st quarter. Most of the noise about interest rates and what not is just that, "the…

3x ETF Morning Report 4/11/24

Morning Reports
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Markets:

Futures bouncing up some this morning on a calm producer price index report, vs yesterdays Inflation report which pushed everything down. 5200 on ES futures remains a key pivot, 5140 on SP 500 is another to watch, if we pierce that then a confirmed…

3x ETF Morning Report 4/10/24

Morning Reports
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Markets:

Hot Inflation report pushes SP 500 futures back to 5200 support zone this morning. Bitcoin pulling back some more as well from this weeks Monday morning smash higher. 

3x ETF Positions/Notes:

  •  BITX $47.88 down pre market, down from $55 highs early Monday morning.10% Remainder…

ES Trade Update 4/10/24

ES Alerts and Reports
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ES Trade post mortem 5210 post Inflation report today

5254 at time the alert was E-Mailed and Texted, by the time you maybe opened it we would have hit 5250 stop points

ES hit low 5220 area and now back again to 5260's... some silly trading here

Lets again sit back and pause until we can…

3x ETF Morning Report 4/9/24

Morning Reports
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Markets:

Consolidation

So far its a 5 wave running sideways correction for QQQ ETF as noted in chart. These can go 5, 7, 9, 11 waves long... or they fail and we go south. 3x ETF Positions/Notes:

  •  BITX 10% Remainder from 20% original, avg is…

ES Trade Alert 4/9/24

ES Alerts and Reports
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ES 5266 area

This wont be a popular opinion on the internet, but I think we COULD push to 5320 again from here and its worth a trade.

Long at market, stop I would put at 5250 and or 5243 if more aggressive

Target is 5327 on the HIGH END

See the chart (4 Hour)






ES Morning Update 4/8/24

ES Alerts and Reports
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ES 5251

Key support at 5200 ends up holding for now last week after some volatile trade

5251 is below my prior 5260 stop point last week, so running up on some resistance here.

I still do not have a clear trade I'm comfortable with but stay alert if I send one out...likely a buy the…

3x ETF Morning Report 4/8/24

Morning Reports
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Markets:

ES 5200 TESTED
 
SP 500 Futures at 5251 essentially unchanged but bouncing up from the 5200 key support level I noted last week.  Bitcoin on fire, 72,600 and BITX is nearing 54.75 ranges up huge. Biotech MAY have bottomed last week, hit our…

ES Morning Update 4/5/24

ES Alerts and Reports
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ES 5214

Obviously the market fell out of the bunk bed yesterday almost a mini crash that I didn't see in the charts obviously. I had mentioned 5200 key support short-term earlier this week we are just above that now after hitting a 5191 low overnight. The jobs report seemed pretty normal this morning the market…

3x ETF Morning Report 4/5/24

Morning Reports
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Markets:

ES 5200 TESTED
 
5200 on the S&P 500 futures currently being tested that was a number I put out I believe last week to watch or earlier this week. Next support levels come at lower numbers that I will work on and update…