The3xETFTrader

The3xETFTrader

Archive

3x ETF Morning Update 3/25/24

Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 1
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

Markets
 
 SP 500 Futures hit 5320 area highs last week post FOMC, now about 5277 so a pullback was due. Was that an interim top? Well we hit 5261 on the SP 500 Cash and my target was 5220, so anything above that is…

3x ETF Alert

Trade Alerts
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 1
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

TNAI would like to see this have a normal pullback, maybe it's early next week. 39.50 would make sense, but I do not want to be too cute trying to pick an exact bottom to wait.

Trade Parameters-  WAIT for $40, May adjust later

3x ETF Morning Report 3/22/24

Morning Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 1
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

Markets
 
I will not beat this to death but extended here a little short term for sure, although markets broke out of 4 and 7 week ranges on SP 500 and QQQ this week. Also end of quarter likely to mark up strong overall…

ES Update

ES Alerts and Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 0
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Wave 3 powers past 5280 and I tried a topping short area but stopped us out at 5300

5313 now- 1 hour chart POST FOMC Smash...
Where do we go from here?

Again this SPX chart below shows where loosely Wave 3 equals Wave 1... typical slow down point (5280 ES)
Market is extended here but in…

3x ETF Morning Report 3/21/24

Morning Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 2
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

Markets
From Yesterday Morning Notes:   "Right now we are nearing my 5220 SP 500 target, QQQ could still squirt higher on one last push into late March.  It's also end of quarter window dressing for money managers and they want a good quarter to…

3x ETF Trade Alert

Trade Alerts
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 1
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

Bitcoin Play- Charts below then commentary

Long Term Monthly Chart running into resistance, pullback is normal here
Weekly chart shows possible Wave 4 38% retracement after huge run, this is part of a larger 5 wave larger Wave 3...  75k target would be the lower…

ES Update and Trade Idea post FOMC

ES Alerts and Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 0
From yesterdays Trade Idea:

5199 ES Futures June

Short at 5211, Stop at 5225
Target 5161 but will update

Could push a bit higher.  Caveat is FOMC rate decision and notes are due at 2pm EST tomorrow, always a VERY volatile time to trade that I prefer to avoid, but if we get short stop is tight

Post Mortem:  We hit my 5211 entry, stopped out quickly at 5225 and then hit…

3x ETF Morning Report 3/20/24

Morning Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 1
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

 Markets
SP 500 in 4 week consolidation range.  QQQ in a 7 week base pattern.  Today is FOMC rate decision and at 230pm Powell will have some commentary. Frankly I don't usually pay much attention to this as the market usually reacts for a day…

ES Update and Trade Idea

ES Alerts and Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 0
5199 ES Futures June

Short at 5211, Stop at 5225
Target 5161 but will update

Could push a bit higher.  Caveat is FOMC rate decision and notes are due at 2pm EST tomorrow, always a VERY volatile time to trade that I prefer to avoid, but if we get short stop is tight

3x ETF Morning Report 3/19/24

Morning Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 1
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

Got my B.R.A.T diet set up and some meds for the stomach, so lets get to it...

Markets
SP 500 in 4 week consolidation range.  QQQ in a 7 week base pattern. Chip Stocks down 11% or so from highs, were the most extended, could…

ES Update 3/19/24

ES Alerts and Reports
Comments 1
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 0
Im a bit under the weather as I took very ill yesterday afternoon. I will try to do a further update after 1030am EST today

ES did not hit my 5250 area entry to short, but now standing around 5194, topping process appears to continue

I'll have update and trade parameters out after 1030 am EST

3x ETF Morning Report 3/19/24

Morning Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 1
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

I took fairly ill yesterday afternoon with a stomach virus and am trying to recover.  I will post my morning report later today than usual, around 1030am EST

Markets continue to look toppy

3x ETF Morning Update 3/18/24

Morning Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 1
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

SP 500 1 hour chart updated and Daily view also for reference:
SP 500 Daily Chart updated as of this mornings futures being upMarkets:     As I noted on Friday here in this section, we could still push higher.  Futures are up this morning…

ES Update and Trade Alert

ES Alerts and Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 0
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

1 HOUR ES Chart appears toppy to me unless can clear out 5270 areaLate last week I said if you wanted to try a 5183 market short with 5125 target and 5200 stop would be worth a shot. We dropped to 5168 then pushed to 5202, stopped out the trade, then pulled back.  This morning we…

ES Update and Trade Alert

ES Alerts and Reports
Comments 1
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 0
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Well we missed the 5160 area short spot I wanted this week, good news is my spidey senses to short were correct, bad news is we missed the entry point but about 10-11 points before the market turned south.

I can see 5125 area likely if you want to short this current 5183 area with 5200 stop

3x ETF Morning Update 3/15/24

Morning Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 1
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

Markets:     Showing the ES (SP 500 June Futures) Chart this morning, still a valid bull structure after that 70 plus point decline from the weeks highs last 2 days. Bouncing up this morning, its a 5 day consolidation pattern that could still push higher…

LABU update

Trade Alerts
Comments 3
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 0
LABU crashed from 141 to sub 132 in 10 minutes or so today. We had an open trade alert limit 139 entry with 133 stop. Not sure if anyone even had time to enter but if so a quick loss of max 3 to 4% 

Let's stand aside for now.

ES Morning Update

ES Alerts and Reports
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 0
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Nothing much has changed at all as of Thursday morning 915 am EST

5242 June Contract  (Quoting June Contract now going forward)

Possible rally to 5280 on the high end which is equivalent to my 5220 former March contract projection

That said, spidey senses here are that we are LATE in the rally and a short position…

3x ETF Morning Update 3/14/24

Morning Reports
Comments 1
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 1
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

Markets:     SP 500 at 5165 on the close yesterday, 10 points off the Tuesday close as we continue to consolidate near the top of the ranges. 3x ETF Updates/Strategy:  LABU Alert adjustment/ TNA Possible alert

I put out a BUY IF alert on LABU…

3x ETF Trade Alert

Trade Alerts
Comments 0
{:like=>"Like", :liked=>"Liked", :likes_html=>{:one=>"1 <span class='like-text'>like</span>", :other=>"%{count} <span class='like-text'>likes</span>"}, :index=>{:more_likes=>{:one=>"And one more", :other=>"And %{count} more"}}} 1
Website Tips:  Your account link is listed below to manage your account

Account Link: [hidden link]

Positions Page:   REVIEW HERE
Track Record:      REVIEW HERE

Biotech has been in an 11 trading day pullback, often on my Banister Behavioral patterns these wind down around Day 13, which would be Friday possibly.  Also key EMA levels are close to being hit, and Biotech had such a big run in the XBI…