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3x ETF Morning Report 1/16/24

3x ETF Morning Report 1/16/24
Recent Members:  If not long from original alerts or a 3x position is not in the original buy ranges, wait for next trade.  You can buy BITX here but 23 is stop near close of trading day to monitor. You can buy NUGT here, stop is 29 near close of trading day. 

SP 500 in a 4 week base, see my 4 hour ES Futures chart…

3x ETF BITX Update

3x ETF BITX Update

The 34 day EMA line for Bitcoin is at 43,287... we are just over that now.  This is a typical bottom pivot, so lets adjust the stop on BITX to 23 near close of trading day, lowered from 24.  Currently 23.15

Our average is 24 on the 2nd half of trade, we already took nice profits on the front half.  In hindsight, obviously wish we sold higher yesterday…

3x ETF Trade Alert -SOXL Sell

3x ETF Trade Alert- SOXL

Closing out SOXL here for 11% gains at 28.35 from 25.50 avg entry on 10% position size.  Going sideways several days , lets book some profits here.  If aggressive, you can hold with 3% trailing stop loss. 

3x ETF Morning Report 1/12/24

3x ETF Morning Report

BITX 26 area

Bitcoin pulling back some, watching 45,000 as possible pivot from 45,700 currently.  You could see BITX back at 25.  We hit 30 yesterday which was my original target , but I increased that to 32 plus if 51,200 Bitcoin is hit. Lets hold here, maintain stop at 24 near close of trading day up from 23 prior.  That's break even on this final 1/2 or…

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3x ETF Morning Report 1/11/24

3x ETF Morning Report

BITX - Bitcoin approved yesterday by SEC as I expected. BITX trading near 28 and my target is 32.40 for our 10% remainder position from $24.  HOLD

TQQQ-  Inching over 50 after dropping to 45 last week, our average is 45 and my target remains 54, since it's a 10% position we do not sell half up 8% so HOLD 

NUGT- We doubled up yesterday to full 20%…

3x ETF Trade Alert

3x ETF Trade Alert- NUGT -2x Bull Gold Miners

New Members this will be your 10% position assuming you do not have a NUGT position currently

Doubling up to 20% full position. First tranche at 35.50 average

NUGT at 30.67 now

Trade Parameters are MAX entry 31 with potential to add to about 28.75 area on a dip, so work in during trading day today on several trades if you can

Once…

3x ETF Morning Report 1/10/24

3x ETF Morning Report

BITX 25.45  Entry 24 on 10% remainder  Up 6%

New members to service can buy 10% position in BITX scaling in today with max entry 25.75, Stop 23 near close

Bitcoin pulling back overnight on some crazy SEC tweet hack etc., shenanigans in my opinion.  Bitcoin chart attached, 25.45 on BITX this morning. Our final 1/2 from 24 entry still going and our stop for now remains $23…

3x ETF Morning Report

3x ETF Morning Report

BITX up 15%, SOXL up 8.5%, TQQQ up 6.7%, NUGT down 9%

Markets ripped yesterday and I've been saying the first week of January following a year end rally often has postponed tax selling and not to over analyze the pullback.  

Instead, we saw a Banister pattern and we entered SOXL on the dip starting late Thursday into Friday for 25.60 average, ripped up over 9% yesterday. …

3x ETF Morning Report

The 3x ETF service is for members only.  If you are not yet a member be sure to subscribe right here on the 3xETF Trader Memberful platform using the subscribe button in the upper right corner. 

The Morning report comes out prior to market open each day and updates members on my thoughts on the market, our current positions open, and what I am considering and watching, sector notes and or charts…

3x ETF Trade Alert

The 3x ETF service is for members only.  If you are not yet a member be sure to subscribe right here on the 3xETF Trader Memberful platform using the subscribe button in the upper right corner.  The Trade Alert details for members is below:
  • Scale in over 24 trading hours from the time of the alert 
  • We start with a 10% allocation and sometimes double up to a 20% full position later

Weekly Report now online

The 3x ETF service is for members only.  If you are not yet a member be sure to subscribe right here on the 3xETF Trader Memberful platform using the subscribe button in the upper right corner. 

The weekly report is published usually on Sundays and has a combination of SP 500 and or NASDAQ and or Sector forecast updates and charts along with Stock Swing Trade ideas and other notes.  This is…