The3xETFTrader

The3xETFTrader

Morning Reports

3x ETF Morning Report 1/18/24

Morning Reports
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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

Morning Reports
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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

Morning Reports
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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

Morning Reports
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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

Morning Reports
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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

Morning Reports
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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

Morning Reports
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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

Morning Reports
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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…