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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…

Same as yesterday and day before

I noted this in the post:

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

1 hour chart attached

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:

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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…

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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…

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…

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…

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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%…

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 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

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

TNA hit 36.50 at 1204pm EST

Start scaling in until 12pm EST tomorrow

37 is MAX price to pay, 36.56 now but use dips to average in

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Markets consolidating gains

We protective stopped at 5030 on Friday for break even

5006 this morning in early pre-market trade, I want to see 4990 hold

If you want to take a shot, you can go long at market because the uptrend line is intact and I had discussed 5007 last week as possible on a pullback…

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

3x ETF Action Items:   TNA and YINN

TNA- Sell Position if you see $41, Double up over 24 hours scale in if you see 36.50

YINN- Stop now 16 near close on final 1/2 of trade up…

The weekly report is now online

You can  register HERE to have it delivered to your Inbox on the weeks it is published, usually on Sunday.

This report covers the market trends, thoughts on the market, recent trading results, and my top 15-20 stock swing trade ideas for the near term environment

Feel free to share!

 The weekly report is now online

You can  register HERE to have it delivered to your Inbox on the weeks it is published, usually on Sunday.

This report covers the market trends, thoughts on the market, recent trading results, and my top 15-20 stock swing trade ideas for the near term environment

Feel free to share!

We got long at 5030 on the dip today

Push stop to break even at 5030 from 4995

5050 area currently

We missed my preferred entry yesterday on the dip

Lets move the dip buy entry limit to 5030, currently 5043 area with a 5058 high.

Lets add to that at 5015 if hit

Stop will then be 4995

E mini contracts on each, if you are trading $50,000 total in this service, 10% on each tranche... $5,000 per position tranche is advised... if more aggressive then 20% per tranche.