The3xETFTrader

The3xETFTrader

Morning Reports

3x ETF Morning Report 3/7/24

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Markets:  Futures up to 5131 on ES (SP 500) and the high so far has been about 5160 with a pivot low around 5077, the uptrend remains intact.  This one heck of a 3rd wave rally from October!
 
 3x ETF Updates:  

Watch List:  FAS -3x Bull Financial

FAS may break out soon and though…

3x ETF Morning Report 3/6/24

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Markets:  Bouncing up today after "Super Tuesday" election results night perhaps.  I show the NASDAQ 100 Index channel chart today holding the uptrend line, but again we could be in the later innings here. I'm not ready to short because we have not seen a terminal move that would signal a further deeper correction yet. 

Nasdaq 100…

3x ETF Morning Report 3/5/24

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Markets:  Pullback this morning, again we hit my 5140 SP 500 target I put out in latter January and that should be normal resistance.  I'm monitoring as always, still potential for 5220 after a pullback, but one day at a time.

3x ETF Updates:  

Watch List:  Will update, market is in 9th inning?

3x ETF Action…

3x ETF Morning Report 3/4/24

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Markets:   Please review the weekly report which was published Sunday, 5220 is now on deck for SP 500 to watch now that my 5140 was hit.

3x ETF Updates:  

Watch List:  Will update, market is in 9th inning? 

3x ETF Action Items:     ERX/TNA sold for profits! 

ERX- Hit $60 on Friday and we had…

3X ETF Morning Report 3/1/24

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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 Morning Report 2/29/24

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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

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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…

3x ETF Morning Report 2/27/24

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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

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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…

3x ETF Morning Report 2/23/24

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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

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…

3x ETF Morning Report 2/22/24

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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…

3x ETF Morning Report 2/21/24

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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…

3x ETF Morning Report 2/20/24

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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…

3x ETF Morning Report 2/13/24

Market reacting negatively to early Inflation Report:
  • Stock futures are falling further after this morning's inflation data came in hotter than expected.
  • The report shows consumer prices rose 3.1% in January from a year earlier. That was a cooldown from last month but more than the 2.9% increase economists polled by The Wall Street Journal expected.
  • Core prices—which exclude food and energy items—rose 3.9%. That was also above the 3.7% increase economists…

3x ETF Morning Report 2/6/24

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Double up on TNA if $32 hit , Remove double up on YINN at 14 for now

SOXL  $35.48 pre market up, Avg entry 34.30 10%

Didn't quite get to my pivot lows to double up so we are still 10% position here but now back in the green at 35.50 area from 34.30 entry average. Maintain…

3x ETF Morning Report 2/1/24

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Morning Market notes from SRP service: Stockreversalspremium.com

ES Futures hit 4872…

3x ETF Morning Report 1/30/24

Quick Website Tips:   If you get an SMS text alert that has a URL for the 3x ETF Trade Alert Post, click on the URL in the text message, and when logged in you MUST click the post title to read a full post. This also is true for morning reports and regular posts online.  Click the title on any post in the Email to go to the website directly.  The…

3x ETF Morning Report 1/26/24

Quick Website Tips:   If you get an SMS text alert that has a URL for the 3x ETF Trade Alert Post, click on the URL in the text message, and when logged in you MUST click the post title to read a full post. This also is true for morning reports and regular posts online.  Click the title on any post in the Email to go to the website directly.  The…

3x ETF Morning Report 1/25/24

Quick Website Tips:   If you get an SMS text alert that has a URL for the 3x ETF Trade Alert Post, click on the URL in the text message, and when logged in you MUST click the post title to read a full post. This also is true for morning reports and regular posts online.  Click the title on any post to read the entire post.  The title will always be…

3x ETF Morning Report 1/24/24

Quick Website Tips:   If you get an SMS text alert that has a URL for the Alert Post, click on the URL in the text message, and when logged in you MUST click the post title to read a full post. This also is true for morning reports and regular posts online.  Click the title on any post to read the entire post.  The title will always be bolded black color. …

3x ETF Morning Report 1/23/24

Bull market continues to run so today I thought I would give you my views of what is going on from a LONG TERM Elliott Wave perspective.  Again, Elliott Waves can be interpreted in different ways using the same chart with 5 different people giving you 5 different views. Mine have tended to be very simplified, less labels, gut instinct projections that for 15 years have worked very well most of the…

3x ETF Morning Report 1/22/24

The morning report comes out each morning prior to 930am EST market open. Please make sure to review as I will update strategy plans, stop losses possibly, targets and open positions.

The market continues the Bull run and those who have followed me awhile or are members of this or other plans I offer know I updated my SP 500 forecast to 4900 in early November. I had a 4800 target for…

3x ETF Morning Report 1/19/24

Markets moving higher, turns out the sharp pullback earlier this week was a shakeout if you will and we sold out of both SOXL and TQQQ a bit early but a profit is a profit. TQQQ getting close to my 54 target from weeks ago so my behavioral pattern analysis is on target

LABU did not pullback far enough and now is over 111, so I may adjust the parameters and will…

3x ETF Morning Report 1/18/24


Nasdaq 100 has been wobbly of late but pushing this morning higher on AAPL and NVDA movements, AMD also strong.  We sold at 49 yesterday for close to 9% profits, when in doubt I get out and watch and regroup

Right now though if we can hold up here on this 7 day base pattern we could breakout to the upside

I held my BITX and have been adding, most of you…

3x ETF Morning Report 1/17/24

3x ETF Morning Report 1/17/24

Markets are wobbling a little of late in my opinion.  The NUGT trade went against us after seemingly turning around last Friday morning sharply to the upside.  The stop was 29 near close and we closed at 28.99 and were below that price 5-10 minutes near the close.  A 13% loss, a rare loss but they are going to happen. 

BITX 22.52 pre market, stop is 23…

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 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…

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 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…