The3xETFTrader

The3xETFTrader

Morning Reports

3x ETF Morning Report 4/1/24

Morning Reports
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Markets:
Bitcoin pulling back some this morning, but still in a grinding 8 day base pattern.
SP 500 likely works a bit higher along with NASDAQ 100 etc in early April.

3x ETF Positions/Notes:

BITX long 10% position from 43.75, now 51.69 area, Target 59…

3x ETF Morning Update 3/28/24

Morning Reports
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Markets
 
Small caps took a big move up yesterday and SP 500 and DOW moved higher etc.  Again, we are long in the ES Futures service for a push up this week into quarter end I expected.

3x ETF Positions/Notes:

BITX long 10% position…

3x ETF Morning Update 3/27/24

Morning Reports
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Markets
 
Consolidating near highs into end of quarter window, not much else to add. Could see QQQ ETF break out further, hence our TQQQ alert yesterday.

3x ETF Positions/Notes:

BITX long 10% position from 43.75, now 52 area, Target 59, Stop now 51 near…

3x ETF Morning Update 3/26/24

Morning Reports
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Markets
 
We got long in the SP 500 Futures (ESAlerts.com) service yesterday at 5275 average, now 5294, with a 5330 profit target for reference. My call is for one more push up into end of quarter here.

3x ETF Notes:

BITX long 10% position…

3x ETF Morning Report 3/22/24

Morning Reports
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Markets
 
I will not beat this to death but extended here a little short term for sure, although markets broke out of 4 and 7 week ranges on SP 500 and QQQ this week. Also end of quarter likely to mark up strong overall…

3x ETF Morning Report 3/21/24

Morning Reports
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Markets
From Yesterday Morning Notes:   "Right now we are nearing my 5220 SP 500 target, QQQ could still squirt higher on one last push into late March.  It's also end of quarter window dressing for money managers and they want a good quarter to…

3x ETF Morning Report 3/20/24

Morning Reports
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 Markets
SP 500 in 4 week consolidation range.  QQQ in a 7 week base pattern.  Today is FOMC rate decision and at 230pm Powell will have some commentary. Frankly I don't usually pay much attention to this as the market usually reacts for a day…

3x ETF Morning Report 3/19/24

Morning Reports
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Got my B.R.A.T diet set up and some meds for the stomach, so lets get to it...

Markets
SP 500 in 4 week consolidation range.  QQQ in a 7 week base pattern. Chip Stocks down 11% or so from highs, were the most extended, could…

3x ETF Morning Report 3/19/24

Morning Reports
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I took fairly ill yesterday afternoon with a stomach virus and am trying to recover.  I will post my morning report later today than usual, around 1030am EST

Markets continue to look toppy

3x ETF Morning Update 3/18/24

Morning Reports
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SP 500 1 hour chart updated and Daily view also for reference:
SP 500 Daily Chart updated as of this mornings futures being upMarkets:     As I noted on Friday here in this section, we could still push higher.  Futures are up this morning…

3x ETF Morning Update 3/15/24

Morning Reports
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Markets:     Showing the ES (SP 500 June Futures) Chart this morning, still a valid bull structure after that 70 plus point decline from the weeks highs last 2 days. Bouncing up this morning, its a 5 day consolidation pattern that could still push higher…

3x ETF Morning Update 3/14/24

Morning Reports
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Markets:     SP 500 at 5165 on the close yesterday, 10 points off the Tuesday close as we continue to consolidate near the top of the ranges. 3x ETF Updates/Strategy:  LABU Alert adjustment/ TNA Possible alert

I put out a BUY IF alert on LABU…

3x ETF Morning Update 3/13/24

Morning Reports
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Markets:     Continue to hold up overall with likely one last push up here in March I think.  Watching 5220 on SP 500 still as a marker. See chart on SPX.  Key support comes in at the 13 day EMA line and lower at 34day…

3x ETF Morning Report 3/12/24

Morning Reports
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Stock Swing Trade Service (stockreversalspremium.com) since 2009.  My flagship service is hosted at srpmembers.com and E-mail me reversaltraders@gmail.com for a coupon code to try it out if you have not yet.  Track record is listed there at srpmembers.com as well.  I will share…

3x ETF Morning Report 3/11/24

Morning Reports
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Markets:    I just E-mailed out the Weekly report this morning, and in that report I have comments on the markets and also what I like going forward.  Noting Futures are down about 80 points or so on SP 500 from last Friday's highs, SOXL…

3x ETF Morning Report 3/8/24

Morning Reports
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Markets:   Futures at 5155 on ES and IWM ETF near recent highs.  Market continues strong for now, I again expect rally to likely move into April before petering out... but one week at a time. Chip stocks continue at mind blowing rally levels.  I would…

3x ETF Morning Report 3/7/24

Morning Reports
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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

Morning Reports
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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

Morning Reports
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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

Morning Reports
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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…