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Weekly Report 3/3/24

Weekly Market Report
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The weekly report is now online. I try to update briefly my thoughts on the markets, a chart or two, and a stock swing trade ideas list as well as recap the prior week to some extent.

Weekly Report

ES SELL ALERT

ES Alerts and Reports
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5138

Sell remainder half and close es trade

5110 first half sold today earlier 

ES Trade Alert Update 3/1/24

ES Alerts and Reports
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 ES at 5102 plus minus, 5077 avg entry

We have an average of 5090/5065 entries on our latest trade for about 5077

Push your stop to 5080 from 5063

Sell 1/2 at 5110 if hit, hold 1/2 from there

3X ETF Morning Report 3/1/24

Morning Reports
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Markets:   SP 500 at 5096, I've had a 5140 target for almost 2 months now, so getting close. ES Futures members are long from 5077 looking to sell 1/2 at 5110 and ride the rest higher hopefully.  5101 currently.  NAS 100 (QQQ) Can push higher per our TQQQ new position we are adding into today.

3x ETF…

3x ETF Trade Alert

Trade Alerts
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TQQQ 60.22

Per the morning report, we are taking a 10% position scaling in until 940am EST tomorrow on dips etc.

Max Entry advised is 60.50 adding towards maybe 59 on dips if so
Stop is "Intra-Day" due to market being high, $58 for the Stop
Target is as high as $72 for 20% potential

ES Trade Update 2/29/24

ES Alerts and Reports
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 ES at 5097 up from 5063 lows this morning on a PCE inflation report the market likes.

We have an average of 5090/5065 entries on our latest trade for about 5077

Push your stop to 5063 from 5050

Sell 1/2 at 5110 if hit, hold 1/2 from there

3X ETF Morning Report 2/29/24

Morning Reports
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Markets:   Futures up on benign PCE Inflation Report

 ES Alerts members are long the SP 500 via buying 5090 and 5065 dips this week, currently 5098.  Markets could still push higher yet.  Last week I had an ES (SP 500) chart showing 5110 area as likely resistance on the futures, that has held true so far.  If…

3x ETF Morning Report 2/28/24

Morning Reports
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Markets:   Futures down .50% or so to start the morning

 QQQ is in a 3 week consolidation near highs, could make one more push yet. SP 500 also consolidating not too far off highs, could also push another leg up.   

3x ETF Updates:  I'm patiently watching... my job is to do the best for my members…

ES Trade Update

ES Alerts and Reports
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Same as yesterday and day before

I noted this in the post:
Thoughts are go long near 5090, add near 5065.... stop at 5050 using micro-mini's

Because we are late in the cycle up its harder to trust the near term upside moves without a further correction

5063 lows so you would have bought 1 tranche at 5090 another at 5065... stop stop is still 5050

1 hour chart attached

ES Morning Update and Trade Advisory

ES Alerts and Reports
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5080 area

Yesterday I gave out some guidance in the morning on my thoughts which is part of this service outside of actual trade alerts.  We could push to 5200 possibly and 5140 has been my target for awhile, we hit 5123 so far for highs.

I noted this in the post:
Thoughts are go long near 5090, add near 5065.... stop at 5050 using micro-mini's

Because we are late in the…

3x ETF Morning Report 2/27/24

Morning Reports
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Markets:   
 QQQ is in a 3 week consolidation near highs, could make one more push yet. 

3x ETF Updates:

Watch List: SOXL, NUGT, TQQQ

I'm watching SOXL currently 41.23 for a possible re-entry.  Recall we sold at 39 which was my target from 34.40 for nice gains recently, so that is on my radar on a…

3x ETF Morning Report 2/26/24

Morning Reports
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Markets:   

Talking SP 500 here, we basically nearly hit my 5140 ES target I had put out weeks ago last week at the highs.  Now consolidating a bit, long positions here have some higher risk but doesn't mean this Bull market can't run further. 

3x ETF Updates:

Watch List: SOXL

I'm watching SOXL currently 40.60 for…

ES Morning Update 2/26/24

ES Alerts and Reports
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No weekly report was published this weekend

ES hit at 5090 stop point overnight in trading from a 5110 entry last Friday if you took the tight trade idea from Friday morning report.  The stop was tight on purpose as a 5060 area print plus minus 5 is possible on a further pullback here.

Right now around 5098 on the March contract, we have a consolidation in the 4 hour chart and…

ES Morning Update 2/23/24/ Trade Idea

ES Alerts and Reports
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Getting close to my 5140 target I've talked about for weeks now

Trade Idea (Read notes below)

Long at market, Stop 5090, Target 5200 if 5110 taken out cleanly

The SP 500 has broken out of a 2 year cup base pattern with the right side breaking out big recently.

Short term extended but 5140 is a likely lock target wise if you want to chase the last 30-40 points here.

5108…

3x ETF Morning Report 2/23/24

Morning Reports
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Markets:  See long term QQQ and SP 500 Charts at bottom for bull market reference, these are monthly charts showing breakouts in early 2024 of long term resistance. Short term a bit overbought, 5140 was my SP 500 target I put out in January and we are close.

3x ETF Updates

Closing YINN This morning for 22-23%…

3x ETF Morning Report 2/22/24

Morning Reports
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Sorry the Annual Members did not get report this morning. It was my clerical error

Here it is

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Markets:

As I said yesterday, normal correction in markets.  NVDA earnings blew away all expectations and have accounted for this smash higher in futures trade this morning. The ES Futures contract ran from 4960 to 5068 which is a…

ES Morning Update 2/22/24

ES Alerts and Reports
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ES at 5061

Stunning turnaround of 100 points off the 24 hour lows on NVDA earnings. Obviously I cant predict market reaction to one companies report, but that is what happened.

I'd feel good around 5030 on a pullback getting long

30 minute chart

3x ETF Morning Report 2/22/24

Morning Reports
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Markets:

As I said yesterday, normal correction in markets.  NVDA earnings blew away all expectations and have accounted for this smash higher in futures trade this morning. The ES Futures contract ran from 4960 to 5068 which is a stunning turnaround. Therefore we are seeing 3x ETF's like SOXL, TQQQ etc ripping higher, none of which you…

ES Morning Update

ES Alerts and Reports
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Futures off a bit further

We got stopped out again on a tight range trade yesterday at 4990 for a loss

4974 current futures as of 845 am EST

I think we will see 4930 area if 4970 doesn't hold here as a projection and guidance

Near term I dont feel comfortable with an actual trade alert just yet..

4 hour chart

3x ETF Morning Report 2/21/24

Morning Reports
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We are looking to add hopefully 1-2 new positions or adds this week to existing positions, so stay tuned.

Markets:

Normal correction here in the SP 500, Small Caps, QQQ ETF etc.  Key is determining levels that make sense on a pullback and then having a strategy, whether that's stock swing trading, 3x ETF, Futures etc.

SP…