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3x ETF Trade Alert 5/1/24

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SELL LABU IF 106.50 HIT- 3pm est update May 1st

DETAILS OF TRADE REPEATED

Biotech

XBI ETF possible double bottom last week and we hit the low 80's on LABU, my target was 79... so lets call it close enough.  Bouncing up now to 94…

3x ETF Morning Report 5/1/24

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Markets:   C wave asserted itself here as the B wave rally retraced about 55% of the top of the market March highs to the April lows or A wave  bottom... often you will see a 61% retrace B wave bounce, so we were just…

ES Morning Report 5/1/24

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ES 5155 no real change from yesterday morning, 5137 lows are actually a key fibonacci pivot point to hold... otherwise I still see 4964 lows retest if 5137 area fails.  Pretty clear the C wave is underway. Most of the time it will retest the A wave…

ES Morning Report 4/30/24

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ES 5144 working on this possible abc-B wave up from the 4964 lows to 5190 area.

Market in no mans land here, still possible B wave topping point in here up to 5190

 ES TRADE ALERT/IDEA:  Short at 5185 if hit, stop 5205   
   

3x ETF Morning Report 4/30/24

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Markets:   Still holding up on a possible a-b-c B wave bounce off market correction lows per the Friday morning report on 4/26... 5145 Futures now, 5147 uptrend high from 4964 lows of the correction... 
  •  abc- B wave is common on relief rally, then often…

3x ETF Trade Alert 4/29/24

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Biotech

XBI ETF possible double bottom last week and we hit the low 80's on LABU, my target was 79... so lets call it close enough.  Bouncing up now to 94 area but this can still rally to the 107 area for 14% potential
 …

3x ETF Morning Report 4/29/24

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Markets:   Still holding up on a possible a-b-c B wave bounce off market correction lows per the Friday morning report on 4/26... 5145 Futures now, 5147 uptrend high from 4964 lows of the correction... 
  •  abc- B wave is common on relief rally, then often…

ES Morning Report 4/29/24

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ES 5146 working on this possible abc-B wave up from the 4964 lows to 5190 area.

Notes from Friday repeated... 

We have not yet taken out the 5190/5200 zone on this bounce up from last weeks 4964 lows. My updated 2 hour chart shows you what…

ES Morning Report 4/26/24

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ES 5118, high 5130... possible abc- B top working in here on this bounce

We have not yet taken out the 5190/5200 zone on this bounce up from last weeks 4964 lows. My updated 2 hour chart shows you what MAY be the pattern... abc- B…

3x ETF Morning Report 4/26/24

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Markets:   Bouncing up on MSFT and GOOG earnings
  •  Max high on ES was this morning 5140, now 5113 dipping back. This could be the a-b-c- B wave , and again still chance of re-test of the lows last week at some point.  So still…

ES Morning Report 4/25/24

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ES 5043

Yesterdays pre market note repeated for reference

 Futures got past 5100 resistance zone and hit 5125 highs. You can now consider 5190 as possible for this B wave rally.  Normally you will get a C wave pullback after this bounce to test the lows…

3x ETF Morning Report 4/25/24

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Markets:  Correction over or still B up and C down?
  •  Max high on ES was  5125, below a 5190 possible B wave target high so far. This morning futures are down on META results (Spending A lot on A.I.) and perhaps the GDP report, who…

ES Morning Report 4/24/24

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Futures got past 5100 resistance zone and hit 5125 highs. You can now consider 5190 as possible for this B wave rally.  Normally you will get a C wave pullback after this bounce to test the lows or lower... with that said, it's possible the 4964 lows…

3x ETF Morning Report 4/23/24 (copy)

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Markets:  Correction over or still B up and C down?
  • ES took out 5070 resistance and 5100 resistance in last 24 hours with a high of 5125, off the 4964 correction lows.  We could push higher to 5192 ES and if Bulls can take that…

3x ETF Trade Alert 4/24

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TQQQ Currently 52.35 area

I think this is a chance QQQ ETF which underlies TQQQ bottomed in price or close last week, but we also may get a re-test of that low or a bit lower.  However, if we already bottomed in price then we…

3x ETF Morning Report 4/23/24

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Markets:  
  • ES at 5065 this morning,  near a 5070 resistance zone. SP 500 could squirt a bit higher yet on this bounce off last weeks lows.  The correction MAY have ended last week price wise but pattern wise usually you get  re-test of the…

ES Morning Report 4/23/24

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Futures 5063 area, low late last week 4964, Target is near 4910 still in my opinion after bounce to 5070/5100 area resistance zones

ES TRADE ALERT/IDEA:   
 Next best option is short at 5070, add at 5095, Stop at 5110 in my opinion
 
Frankly the same…

3x ETF Trade Alert 4/22

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BITX 44.22 currently pre market 4/22

Bitcoin could move to 73,000 area to test prior highs, which would push BITX up as much as 24% from current levels, again one day at a time but possible.  The ABC pattern may have completed as a correction…

3x ETF Morning Report 4/22/24

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Markets: Repeating views below 
  • ES (SP 500) Futures are to 5031 area again still off last weeks lows of 4963. There is risk for a bit more downside this month of another 2% or so on the index in my opinion to 4910-4930 zone…

ES Morning Report and Trade 4/22/24

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Futures 5031 area, low late last week 4964, Target is near 4910 still in my opinion

ES TRADE ALERT/IDEA:    Short 1 tranche at market, another at 5050, Stop 5065, target 4920 possible
 

4990 zone hit and then some last week, so we are bouncing off…