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Morning Reports

3x ETF Morning Report 6.17.24

Morning Reports
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Markets:   SP 500/ES hit my pivot highs on Wednesday this week.  I think we go higher intermediately, watch 5340 on ES Futures as support level, about 70 points below current pricing at 5413

Here is my weekly chart view-  Bullish still, some further pullback possible

3x ETF Morning Report 6.14.24

Morning Reports
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Markets:   SP 500/ES hit my pivot highs on Wednesday this week.  I think we go higher intermediately, watch 5340 on ES Futures as support level, about 70 points below current pricing at 5413

Here is my weekly chart view-  Bullish still, some further pullback possible

3x ETF Morning Report 6.13.24

Morning Reports
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Markets:   ES Futures hit my 5455 projection yesterday. The ES Service closed out a 110 point futures profit from 5340 to 5450.  This is all my interpretation of Elliott Wave/Fibonacci patterns coupled with a few things I sprinkle in.

So short term both the QQQ…

3x ETF Morning Report 6.12.24

Morning Reports
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Markets:   Uptrend highs for NASDAQ and SP 500 as wave 5 up continues. I put out a 5455 ES Futures projection well over a week ago and people thought I was nuts. Futures are up 41 points now after a benign inflation report and our…

3x ETF Morning Report 6.11.24

Morning Reports
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Markets:   Consolidating recent gains here still... not much news to add. 
    
  •    3x ETF Action Items:  YINN and  NUGT ADD Limit Orders In Effect as of Friday afternoon when both NUGT and YINN hit limit buy orders
    •   NUGT - 37.25 is…

3x ETF Morning Report 6.10.24

Morning Reports
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Markets:  SP 500 Futures 5350, still consolidating not much to add. Review the Weekly Report sent out yesterday for now
    
  •    3x ETF Action Items:  YINN and  NUGT ADD Limit Orders In Effect as of Friday afternoon when both NUGT and YINN…

3x ETF Morning Report 4/22/24

Morning Reports
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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…

3x ETF Morning Report 4/19/24

Morning Reports
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Markets: Repeating views below 
  • 4963 lows on ES futures overnight, I had projected 4990 yesterday morning in the ES trading service, we went short and made a profit but closed out 5060 before the supposed bombs hit overseas and caused a mini crash. Futures…

3x ETF Morning Report 4/18/24

Morning Reports
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Markets: Repeating views below 
  • 5007 lows on SPX so far, 4990 was a price to watch a week plus ago I gave out and after that 4820-4850 areas are possible, for now holding the higher pivot range
  • Again, Mercury Retrograde goes until April 25th…

3x ETF Morning Report 4/17/24

Morning Reports
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Markets: Repeating views below 
  • 4990 SP 500 coming into views, my April 2nd forecast for KEY SUPPORT, below that is 4820-4850 per Monday update  
  • Again, Mercury Retrograde goes until April 25th, lots of confusion during this window on news events etc.
  • Stay patient…

3x ETF Morning Report 4/16/24

Morning Reports
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Markets:

 
  • 4990 SP 500 coming into views, my April 2nd forecast for KEY SUPPORT, below that is 4820-4850 per Monday update  
  • Again, Mercury Retrograde goes until April 25th, lots of confusion during this window on news events etc.
  • Stay patient and let the…

3x ETF Morning Report 4/15/24

Morning Reports
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Markets:

ES Futures at 5205 Monday morning after washout late last week. I realized that Mercury is in Retrograde from April 1st until April 25th, and that my friends adds to volatility, mis-interpretation, over-analyzing, and bad decision making on behalf of humans. Those who have…

3x ETF Morning Report 4/12/24

Morning Reports
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Markets:

ES Futures at 5200, the support line this morning but flying all over the place here in April. Volatility to continue, perhaps some frustration but we are executing pretty well considering.

 3x ETF Positions/Notes:

 

  •  BITX $50.94 currently, high over 52 earlier…

3x ETF Morning Report 4/11/24

Morning Reports
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Markets:

Futures bouncing up some this morning on a calm producer price index report, vs yesterdays Inflation report which pushed everything down. 5200 on ES futures remains a key pivot, 5140 on SP 500 is another to watch, if we pierce that then a confirmed…

3x ETF Morning Report 4/10/24

Morning Reports
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Markets:

Hot Inflation report pushes SP 500 futures back to 5200 support zone this morning. Bitcoin pulling back some more as well from this weeks Monday morning smash higher. 

3x ETF Positions/Notes:

  •  BITX $47.88 down pre market, down from $55 highs early Monday morning.10% Remainder…

3x ETF Morning Report 4/9/24

Morning Reports
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Markets:

Consolidation

So far its a 5 wave running sideways correction for QQQ ETF as noted in chart. These can go 5, 7, 9, 11 waves long... or they fail and we go south. 3x ETF Positions/Notes:

  •  BITX 10% Remainder from 20% original, avg is…

3x ETF Morning Report 4/8/24

Morning Reports
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Markets:

ES 5200 TESTED
 
SP 500 Futures at 5251 essentially unchanged but bouncing up from the 5200 key support level I noted last week.  Bitcoin on fire, 72,600 and BITX is nearing 54.75 ranges up huge. Biotech MAY have bottomed last week, hit our…

3x ETF Morning Report 4/5/24

Morning Reports
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Markets:

ES 5200 TESTED
 
5200 on the S&P 500 futures currently being tested that was a number I put out I believe last week to watch or earlier this week. Next support levels come at lower numbers that I will work on and update…

3x ETF Morning Report 4/4/24

Morning Reports
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Markets: 8 day correction in QQQ/MARKET normal so far
 
8 Day Banister Behavioral pullback in QQQ was overdue, and frankly still a shallow correction. Until the market breaks down below certain levels I remain bullish intermediately but again we had a huge run off…

3x ETF Morning Report 4/3/24

Morning Reports
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Markets:
 
NASDAQ 100 is off 2% this month and again normal consolidation and pullback was due from strong quarter 1. 

Bitcoin is consolidating in a 5 week range near top of prior all time highs range, so far normal as well. See chart.

3x…